Acuity fourth-quarter net sales rise to $1.2 billion

Acuity Inc. (AYI) said Wednesday that net sales reached $1.2 billion for the fourth quarter of fiscal 2026 ended Aug. 31, 2026, marking an increase of $35.3 million, or 2.9%, compared to the prior year.

Here is how the company did:

• Revenue: $1.24 billion vs. $1.21 billion a year earlier
• Diluted EPS: $5.63 vs. $3.61 a year earlier
• Adjusted diluted EPS: $5.77 vs. $5.20 a year earlier

Operating profit for the fourth quarter was $227.0 million, up $46.4 million, or 25.7%, from a year earlier. Adjusted operating profit was $232.9 million, up 3.4% from the prior year. During the quarter, the company received $44.9 million in tariff refunds and recorded $17.8 million in special charges.

For the full year of fiscal 2026, Acuity reported net sales of $4.6 billion, up 6.8% from the prior year. Full-year diluted earnings per share were $17.05, compared with $12.53 a year earlier, while adjusted diluted earnings per share reached $19.90 compared with $18.01.

"We demonstrated solid execution in the fourth quarter of fiscal 2026," Chairman, President and Chief Executive Officer Neil Ashe said in a statement. "We grew sales and expanded our adjusted operating profit and adjusted operating profit margin."

Net cash provided by operating activities totaled $825.6 million for the full year. During fiscal 2026, the company repaid $200 million of its term loan, increased its dividend by 18%, and repurchased over 940,000 shares of common stock for $287.2 million.