Acuity Brands saw record Q4 and full-year resultsStaff Writer | October 5, 2016
Acuity Brands announced record fourth quarter and full-year results for net sales, net income, and diluted earnings per share.
Acuity Brands Q4 net sales were $925.5 million
Operating profit for the fourth quarter of fiscal 2016 was $135.1 million, an increase of $23.3 million, or 21 percent, over the year-ago period.
Net income for the fourth quarter of fiscal 2016 was $82.9 million, an increase of 38 percent compared with the prior-year period. Fiscal 2016 fourth quarter diluted EPS of $1.89 increased 38 percent compared with $1.37 for the year-ago period.
Adjusted diluted EPS for the fourth quarter of fiscal 2016 increased 27 percent to $2.21 compared with adjusted diluted EPS of $1.74 for the year-ago period.
Adjusted operating profit for the fourth quarter of fiscal 2016 increased $32.9 million, or 27 percent, to $156.5 million, or 16.9 percent of net sales, compared with the year-ago period adjusted operating profit of $123.6 million, or 16.3 percent of net sales. ■