Acuity Inc. (NYSE: AYI) has reported its fiscal 2025 second-quarter results, showcasing a solid performance with notable changes in various metrics compared to the prior year. The company delivered net sales of $1.0 billion, marking an 11% increase compared to the previous year. Operating profit was reported at $110.2 million, reflecting a 7% decrease, while adjusted operating profit surged to $163 million, up 16% from the prior year.
In terms of earnings per share (EPS), diluted EPS stood at $2.45, down 14% from the previous year, but adjusted diluted EPS grew to $3.73, representing a 10% increase from the prior year. Notably, the acquisition of QSC during the quarter had a significant impact on the financials, contributing to the reported results.
Segment performance also saw significant shifts. Acuity Brands Lighting (ABL) generated net sales of $840.6 million, experiencing a slight decrease of 0.3% compared to the prior year. However, operating profit for ABL increased by 3.4% to reach $130.3 million, and adjusted operating profit saw a 3.6% increase to $141.3 million.
In contrast, Acuity Intelligent Spaces (AIS) saw a substantial surge in net sales, reaching $171.5 million, which represents a significant increase of 151.8% compared to the prior year. This increase includes $95.1 million from two months of QSC's performance. Operating profit for AIS increased to $9.9 million, and adjusted operating profit soared to $32.0 million, reflecting increases of $0.8 million and $17.7 million, respectively.
Furthermore, the company reported net cash from operating activities at $191.6 million for the first six months of fiscal 2025. Acuity Inc. also increased its dividend by 13% to 17 cents per share and repurchased approximately 68,000 shares of common stock for a total of $22.6 million in the year to date.
Today the company's shares have moved -2.4% to a price of $259.92. Check out the company's full 8-K submission here.
