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AYI Acuity Brands

Acuity Brands, Inc. engages in the provision of lighting and building management solutions and services. The firm caters commercial, institutional, industrial, infrastructure and residential applications for various markets. It offers luminaires, lighting controls, controllers for various building systems, power supplies, prismatic skylights, and drivers as well as integrated systems for various indoor and outdoor applications. The company was founded in 2001 and is headquartered in Atlanta, GA.

Company profile

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

AYI stock data

(
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Calendar

31 Mar 21
9 May 21
31 Aug 21
Quarter (USD)
Feb 21 Nov 20 Aug 20 May 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.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 498.7M 498.7M 498.7M 498.7M 498.7M 498.7M
Cash burn (monthly) 2.77M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 6.57M n/a n/a n/a n/a n/a
Cash remaining 492.13M n/a n/a n/a n/a n/a
Runway (months of cash) 177.9 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Apr 21 Karen J Holcom Common Stock Sell Dispose S No Yes 173 1,150 198.95K 20,704
5 Apr 21 Karen J Holcom Common Stock Option exercise Aquire M No No 46.29 1,150 53.23K 21,854
5 Apr 21 Karen J Holcom NQSO Common Stock Option exercise Dispose M No No 46.29 1,150 53.23K 0
2 Mar 21 Dianne B Mills Common Stock Payment of exercise Dispose F No No 126.37 262 33.11K 5,829
1 Mar 21 Barry R Goldman Common Stock Payment of exercise Dispose F No No 127.19 66 8.39K 6,737
1 Mar 21 Karen J Holcom Common Stock Payment of exercise Dispose F No No 127.19 134 17.04K 20,704
6 Jan 21 Dillard George Douglas JR Stock Units Common Stock Grant Aquire A No No 120.65 1,202 145.02K 5,078
6 Jan 21 Dillard George Douglas JR Stock Units Common Stock Grant Aquire A No No 120.23 121 14.55K 3,876

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

13F holders
Current Prev Q Change
Total holders 337 323 +4.3%
Opened positions 57 46 +23.9%
Closed positions 43 53 -18.9%
Increased positions 78 88 -11.4%
Reduced positions 143 122 +17.2%
13F shares
Current Prev Q Change
Total value 4.49B 4.06B +10.5%
Total shares 37.11M 38.33M -3.2%
Total puts 169.9K 191K -11.0%
Total calls 91.2K 78.6K +16.0%
Total put/call ratio 1.9 2.4 -23.3%
Largest owners
Shares Value Change
Vanguard 3.35M $405.56M -5.5%
Generation Investment Management 3.34M $404.54M -6.5%
BLK Blackrock 3.11M $376.09M -4.4%
FMR 3.03M $366.53M -11.7%
Atlanta Capital Management Co L L C 1.69M $206.19M -0.0%
JPM JPMorgan Chase & Co. 1.51M $182.7M -1.2%
LSV Asset Management 965.05K $116.86M +317.1%
Cooke & Bieler 938.21K $113.61M +13.3%
STT State Street 921.67K $111.61M +0.1%
BMO Bank of Montreal 875.05K $101.72M +48.8%
Largest transactions
Shares Bought/sold Change
Norges Bank 816.75K +816.75K NEW
LSV Asset Management 965.05K +733.7K +317.1%
FMR 3.03M -401.95K -11.7%
Aqr Capital Management 335.78K -353.17K -51.3%
Lord, Abbett & Co. 250.74K -333.01K -57.0%
Renaissance Technologies 781.52K -317.2K -28.9%
BMO Bank of Montreal 875.05K +287.05K +48.8%
Arrowstreet Capital, Limited Partnership 327.42K -285.53K -46.6%
Assenagon Asset Management 16.85K -276.77K -94.3%
Ensign Peak Advisors 35.63K -274.05K -88.5%

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 decreased $346.4 million, or 9.4%, to $3.33 billion for the year ended August 31, 2020 compared with $3.67 billion reported for the year ended August 31, 2019. For the year ended August 31, 2020, we reported net income of $248.3 million compared with $330.4 million for the year ended August 31, 2019, a decrease of $82.1 million, or 24.8%. For fiscal 2020, diluted earnings per share decreased 24.4% to $6.27 from $8.29 for the prior-year period.
  • (1) Incremental costs incurred due to manufacturing inefficiencies directly related to the closure of a facility.
  • (2) Acquisition-related items include profit in inventory and professional fees.
Content analysis
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Readability
H.S. sophomore Avg
New words: ahead, Aid, bps, breadth, cautiously, gradually, imposition, intention, intermittent, larger, lifted, nonessential, optimistic, outbound, payroll, rebalancing, reimposition, resurgence, revised, solid, strong, top
Removed: age, alleging, approved, attained, awarded, closing, dropped, eligible, execution, exercisable, expire, extensive, grant, intensity, intrinsic, LSG, managing, minimal, mix, noted, outbreak, policy, prospectively, repayment, Science, trailing, Treasury, unrecognized, vest, vesting, World, yield