Company profile

Ticker
AYI
Exchange
CEO
Neil M. Ashe
Employees
Incorporated in
Location
Fiscal year end
Former names
L&C Spinco Inc
SEC CIK
IRS number
582632672

AYI stock data

(
)

Calendar

30 Jun 20
13 Jul 20
31 Aug 20

News

Company financial data Financial data

Quarter (USD) May 20 Feb 20 Nov 19 Aug 19
Revenue 776.2M 824.2M 834.7M 938.1M
Net income 60.4M 57.2M 57M 96.1M
Diluted EPS 2.42
Net profit margin 7.78% 6.94% 6.83% 10.24%
Operating income 83M 81.4M 83.6M 130.3M
Net change in cash 140M 114M -194.4M 127.3M
Cash on hand 520.6M 380.6M 266.6M 461M
Cost of revenue 448.6M 480.3M 478.9M 543.4M
Annual (USD) Aug 19 Aug 18 Aug 17 Aug 16
Revenue 3.67B 3.68B 3.51B 3.29B
Net income 330.4M 349.6M 321.7M 290.8M
Diluted EPS 8.29 8.52 7.43 6.63
Net profit margin 9.00% 9.50% 9.18% 8.84%
Operating income 462.9M 460.8M 527.5M 475.2M
Net change in cash 331.9M -182M -102.1M -343.6M
Cash on hand 461M 129.1M 311.1M 413.2M
Cost of revenue 2.19B 2.19B 2.02B 1.86B

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
25 Jun 20 Laura O'Shaughnessy Common Stock Grant Aquire A No 0 230 0 230
1 Jun 20 Barry R Goldman Common Stock Payment of exercise Dispose F No 92.08 126 11.6K 4,972
1 May 20 Robinson Ray M Common Stock Grant Aquire A No 86.32 420 36.25K 2,706
1 May 20 Pileggi Dominic J Stock Units Common Stock Grant Aquire A No 86.32 420 36.25K 7,039
91.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 336 382 -12.0%
Opened positions 38 56 -32.1%
Closed positions 84 59 +42.4%
Increased positions 111 114 -2.6%
Reduced positions 125 149 -16.1%
13F shares
Current Prev Q Change
Total value 4.56B 7.99B -43.0%
Total shares 36.21M 37.53M -3.5%
Total puts 335.5K 339.2K -1.1%
Total calls 132.7K 130.3K +1.8%
Total put/call ratio 2.5 2.6 -2.9%
Largest owners
Shares Value Change
BLK BlackRock 4.14M $355M -4.9%
Vanguard 4.01M $343.87M +2.9%
FMR 2.5M $213.77M +71.9%
Generation Investment Management 1.92M $164.21M -1.0%
Atlanta Capital Management Co L L C 1.62M $138.71M +1.6%
JPM JPMorgan Chase & Co. 1.62M $138.51M +7.3%
STT State Street 1.4M $119.78M +2.0%
Renaissance Technologies 981.72K $84.09M -4.0%
Cooke & Bieler 885.58K $75.86M -4.0%
Aqr Capital Management 841.75K $71.04M -13.5%
Largest transactions
Shares Bought/sold Change
FMR 2.5M +1.04M +71.9%
International Value Advisers 661.23K -590.65K -47.2%
Paradice Investment Management 569.22K +569.22K NEW
American Century Companies 759.05K -517.01K -40.5%
Norges Bank 0 -475.06K EXIT
Forsta Ap-fonden 0 -259.5K EXIT
BLK BlackRock 4.14M -211.5K -4.9%
STRS Ohio 514 -178.32K -99.7%
APG Asset Management 107.15K -165.8K -60.7%
Lord, Abbett & Co. 587.42K +148.47K +33.8%

Financial report summary

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Risks
  • The COVID-19 pandemic could have a material adverse effect our ability to operate, results of operations, financial condition, liquidity, and capital investments.
Management Discussion
  • Net sales were $776.2 million for the three months ended May 31, 2020 compared with $947.6 million reported for the three months ended May 31, 2019, a decrease of $171.4 million, or 18.1%. For the three months ended May 31, 2020, we reported net income of $60.4 million, a decrease of $28.0 million, or 31.7%, compared with $88.4 million for the three months ended May 31, 2019. For the third quarter of fiscal 2020, diluted earnings per share decreased 31.5% to $1.52 compared with $2.22 reported in the year-ago period.
  • Net sales for the three months ended May 31, 2020 decreased 18.1% compared with the prior-year period due primarily to a 20% decrease in sales volumes, partially offset by a contribution from acquired businesses of approximately 2%. Fiscal 2020 third quarter sales volumes decreased compared with the prior year due primarily to the negative impacts of the COVID-19 pandemic. The change in product prices and mix of products sold (“price/mix”) was flat year over year as a favorable shift in sales channel mix was offset by overall lower pricing. Due to the changing dynamics of our product portfolio, it is not possible to precisely quantify or differentiate the individual components of volume, price, and mix.
  • Gross profit for the third quarter of fiscal 2020 decreased $56.0 million, or 14.6%, to $327.6 million compared with $383.6 million in the prior-year period, due primarily to lower sales volumes as a result of the COVID-19 pandemic as described above, partially offset by lower costs for certain inputs as well as the contribution from acquisitions. Tariffs also continue to impact cost of goods sold and are expected to continue. Gross profit margin increased 170 basis points to 42.2% for the three months ended May 31, 2020 compared with 40.5% in the prior-year period. The improvement in gross profit margin was due primarily to lower costs for certain inputs, contributions from acquisitions, and favorable sales channel mix partially offset by lower average selling prices.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: attributable, beta, Canada, cleaning, discretionary, Disease, essential, evolving, exceeded, experienced, forseeable, freeze, gave, headcount, home, job, mandatory, monitor, monitoring, movement, NaN, open, party, personal, premium, prioritizing, proper, protection, remotely, royalty, safety, sanitizer, section, size, temporary, test, testing, theoretical, traffic, travel, voluntary
Removed: decline, grid, half, realization

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