Acuity Inc. reported third-quarter fiscal 2026 net sales of $1.2 billion, up $19.4 million, or 1.6%, from the prior year.
Operating profit rose to $193.3 million, a gain of $53.5 million, or 38.3%, while operating margin widened to 16.1% from the prior-year level, an increase of 420 basis points.
Adjusted operating profit increased to $223.5 million, up $1.8 million, or 0.8%, though adjusted operating margin slipped 10 basis points to 18.7%.
Diluted earnings per share climbed to $4.56 from $3.12 a year earlier, an increase of $1.44, or 46.2%. Adjusted diluted earnings per share rose to $5.31 from $5.12, up $0.19, or 3.7%.
By segment, Acuity Brands Lighting posted net sales of $905.2 million, down $18.0 million, or 1.9%, from the prior year. Segment operating profit increased to $160.6 million from $134.0 million, up $26.6 million, or 19.9%, and operating margin expanded 320 basis points to 17.7%.
Adjusted operating profit at Acuity Brands Lighting fell to $164.6 million from $173.9 million, down $9.3 million, or 5.3%, and adjusted operating margin narrowed 60 basis points to 18.2%.
Acuity Intelligent Spaces generated net sales of $303.5 million, up $39.4 million, or 14.9%, from the prior year. Operating profit more than doubled to $56.5 million from $27.4 million, a rise of $29.1 million, or 106.2%, and operating margin increased 820 basis points to 18.6%.
Adjusted operating profit for Acuity Intelligent Spaces rose to $76.3 million from $62.3 million, up $14.0 million, or 22.5%, with adjusted operating margin improving 150 basis points to 25.1%.
For the first nine months of fiscal 2026, net cash from operating activities totaled $520.2 million. The company repurchased about 766,000 shares of common stock for $230 million year to date. The market has reacted to these announcements by moving the company's shares 19.67% to a price of $365.615. Check out the company's full 8-K submission here.
