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AYI Acuity Brands

Acuity Brands, Inc. is a market-leading industrial technology company. The Company designs, manufactures, and brings to market products and services that make the world more brilliant, productive, and connected including building management systems, lighting, lighting controls, and location-aware applications. Acuity Brands achieves growth through the development of innovative new products and services. Through the Acuity Business System, Acuity Brands achieves customer-focused efficiencies that allow the Company to increase market share and deliver superior returns. The Company looks to aggressively deploy capital to grow the business and to enter attractive new verticals. Acuity Brands is based in Atlanta, Georgia, with operations across North America, Europe, and Asia. The Company is powered by approximately 11,000 dedicated and talented associates.

Company profile

Ticker
AYI
Exchange
CEO
Neil M. Ashe
Employees
Incorporated
Location
Fiscal year end
Former names
L&C SPINCO INC
SEC CIK
Subsidiaries
A to Z Manufacturing L.L.C. • AB BMS B.V. • AB Netherlands Holdings B.V. • ABL IP Holding LLC • Acuity Aviation LLC • Acuity Brands BMS B.V. • Acuity Brands Insurance Ltd. • Acuity Brands Lighting, Inc. • Acuity Brands Lighting Canada, Inc. • Acuity Brands Lighting Ltd. ...
IRS number
582632672

AYI stock data

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Calendar

1 Jul 21
26 Oct 21
31 Aug 22
Quarter (USD)
May 21 Feb 21 Nov 20 Aug 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Aug 20 Aug 19 Aug 18 Aug 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Sep 21 Karen J Holcom Common Stock Payment of exercise Dispose F No No 180.98 64 11.58K 20,335
20 Aug 21 Karen J Holcom Common Stock Payment of exercise Dispose F No No 181.12 305 55.24K 20,399
6 Aug 21 Sachleben Mark Common Stock Grant Acquire A No No 0 112 0 112
6 Aug 21 Sachleben Mark Stock Units Common Stock Grant Acquire A No No 174.83 532 93.01K 532
1 Jun 21 Barry R Goldman Common Stock Payment of exercise Dispose F No No 185.26 124 22.97K 5,313

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

96.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 352 338 +4.1%
Opened positions 53 51 +3.9%
Closed positions 39 51 -23.5%
Increased positions 94 85 +10.6%
Reduced positions 136 129 +5.4%
13F shares
Current Prev Q Change
Total value 6.97B 6.08B +14.6%
Total shares 34.48M 36.67M -6.0%
Total puts 394.5K 187.8K +110.1%
Total calls 127.9K 273.5K -53.2%
Total put/call ratio 3.1 0.7 +349.2%
Largest owners
Shares Value Change
FMR 4.23M $790.34M +14.4%
Vanguard 3.31M $619.13M +0.6%
BLK Blackrock 2.98M $557.14M -10.5%
JPM JPMorgan Chase & Co. 1.83M $341.51M +12.5%
Generation Investment Management 1.73M $322.94M -44.0%
Atlanta Capital Management Co L L C 1.41M $262.53M -15.7%
BMO Bank of Montreal 1.04M $198.9M +5.0%
STT State Street 941.72K $176.13M +3.7%
LSV Asset Management 929.41K $173.83M -5.7%
FIL 921.96K $172.44M -0.2%
Largest transactions
Shares Bought/sold Change
Generation Investment Management 1.73M -1.36M -44.0%
FMR 4.23M +531.96K +14.4%
BLK Blackrock 2.98M -348.73K -10.5%
Cooke & Bieler 466.13K -304.86K -39.5%
Citadel Advisors 293.38K +293.38K NEW
Renaissance Technologies 28.4K -275.52K -90.7%
Atlanta Capital Management Co L L C 1.41M -263.05K -15.7%
Robertson Stephens Wealth Management 251.6K +251.6K NEW
Aqr Capital Management 139.6K -232.37K -62.5%
Alecta Pensionsforsakring, Omsesidigt 54.48K -215.52K -79.8%

Financial report summary

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Risks
  • General business, political, and economic conditions, including the strength of the construction market, political events, or other factors may affect demand for our products and services.
  • Our results may be adversely affected by fluctuations in the cost or availability of raw materials, components, purchased finished goods, or services.
  • Our results may be adversely affected by our inability to maintain pricing.
  • Our inability to effectively introduce new products and solutions could adversely affect our ability to compete.
  • We may pursue future growth through acquisitions, alliances, or investments, which may not yield anticipated benefits.
  • The inability to effectively execute our business strategies could adversely affect our financial condition and results of operations.
  • We may experience difficulties in streamlining activities, which could impact shipments to customers, product quality, and the realization of expected savings from streamlining actions.
  • The COVID-19 pandemic could have a material adverse effect our ability to operate, results of operations, financial condition, liquidity, and capital investments.
  • Technological developments and increased competition could affect our operating profit margins and sales volume.
  • We may be unable to sustain significant customer and/or channel partner relationships.
  • We could be adversely affected by disruptions to our operations.
  • Company operating systems, information systems, or devices may experience a failure, a compromise of security, or a violation of data privacy laws or regulations, which could adversely impact our operations as well as the effectiveness of internal controls over operations and financial reporting.
  • Changes in our relationship with employees, changes in U.S. or international employment regulations, an inability to attract and retain talented employees, or a loss of key employees could adversely impact the effectiveness of our operations.
  • There are inherent risks in our solutions and services businesses.
  • We may be subject to risk in connection with third-party relationships necessary to operate our business.
  • We are subject to risks related to operations and suppliers outside the United States.
  • Failure to comply with the broad range of standards, laws and regulations in the jurisdictions in which we operate may result in exposure to substantial disruptions, costs and liabilities.
  • We may develop unexpected legal contingencies or matters that exceed insurance coverage.
  • If our products are improperly designed, manufactured, packaged, or labeled, or are otherwise alleged to cause harm or injury, we may need to recall those items, may have increased warranty costs, and could be the target of product liability claims.
  • We may not be able to adequately protect our intellectual property and could be the target of intellectual property claims.
  • The market price and trading volume of our shares may be volatile.
  • Changes to LIBOR may adversely impact the interest rate paid on some of our loans and consequently, our earnings and cash flows.
  • Risks related to our defined benefit retirement plans may adversely impact results of operations and cash flows.
Management Discussion
  • Net sales were $899.7 million for the three months ended May 31, 2021 compared with $776.2 million reported for the three months ended May 31, 2020, an increase of $123.5 million, or 15.9%. For the three months ended May 31, 2021, we reported net income of $85.7 million, an increase of $25.3 million, or 41.9%, compared with $60.4 million for the three months ended May 31, 2020. For the third quarter of fiscal 2021, diluted earnings per share increased 55.9% to $2.37 compared with $1.52 reported in the year-ago period.
  • (1) Acquisition-related items include professional fees.
  • Net sales for the three months ended May 31, 2021 increased $123.5 million, or 15.9%, to $899.7 million compared with $776.2 million in the prior-year period due primarily to higher volumes. From a sales channel perspective, sales through the independent sales network and direct sales network increased 14% and 39%, respectively, due primarily to our improved go-to-market activity, which leveraged improvements in the construction market and wider economy. Additionally, sales within the corporate accounts channel increased 13% as large retailers within this channel have begun to address previously deferred nonessential renovations. Retail sales declined 26% due primarily to a customer inventory rebalancing in fiscal 2021. Changes in foreign currency rates and revenues from acquired companies did not have a meaningful impact on net sales for the third quarter of fiscal 2021.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
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Readability
H.S. sophomore Avg
New words: AculuxTM, AI, air, Architectural, architecture, artificial, AtriusTM, AtruisTM, begun, brand, capability, chief, classified, column, converged, country, CycloneTM, Dark, DGLogikTM, disaggregated, Distech, driven, driver, DS, Edge, eldoLED, electric, electrical, enable, enabling, enterprise, evidential, evidentiary, faster, fewer, fleet, forward, fulsome, hardware, Healthcare, heating, Holophane, HVAC, Hydrel, IndyTM, intersegment, IOTA, ISG, Juno, LEDTM, LightingTM, Lithonia, LocusLabsTM, Lumniaire, maintenance, maker, Mark, met, month, nLight, occupant, OEM, OSRAM, predominantly, pull, recast, reconcile, recovery, refresh, regional, Rockpile, Sensor, stronger, successfully, Switch, truck, upgrade, ventilation, wider, Winona®Lighitng, Wiring
Removed: Atlanta, expanded, factual, freeze, host, long, mature, NaN, outlook, parent, permitting, presence, reclassified, requiring, response, volume

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