Acuity Inc. (formerly Acuity Brands) is an industrial technology company that designs and manufactures lighting fixtures, lighting controls, and intelligent building management solutions. Headquartered in Atlanta, Georgia, the company serves commercial, industrial, institutional, and infrastructure markets primarily in North America. Acuity is recognized as the largest lighting manufacturer in North America and has increasingly integrated digital controls, sensors, and software into its product offerings.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
4,345,600
3,841,000
3,952,200
4,006,100
Cost of Sales
2,267,100
2,059,300
2,239,000
2,333,400
Gross Profit
2,078,500
1,781,700
1,713,200
1,672,700
Selling, General & Administrative Expenses
1,484,900
1,228,400
1,212,900
1,163,000
Other Operating Expenses
29,700
—
26,900
—
Operating Profit
563,900
553,300
473,400
509,700
Total Non-Operating Income
(63,700)
(4,700)
(26,700)
(15,800)
Income Before Provision for Income Taxes
500,200
548,600
446,700
493,900
Provision for Income Taxes
103,600
126,000
100,700
109,900
Consolidated Net Income
396,600
422,600
346,000
384,000
Net Income Attributable to Common Shareholders
396,600
422,600
346,000
384,000
Basic EPS
12.85
13.68
10.88
11.23
Diluted EPS
12.53
13.44
10.76
11.08
Basic Weighted Average Shares Outstanding
30,859
30,885
31,806
34,182
Diluted Weighted Average Shares Outstanding
31,641
31,445
32,164
34,645
Shares Outstanding
30,700
30,800
31,100
32,500
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
422,500
845,800
397,900
223,200
Total Cash and Cash Equivalents
422,500
845,800
397,900
223,200
Accounts Receivable
593,900
563,000
555,300
665,900
Total Trade Receivables
593,900
563,000
555,300
665,900
Inventories
526,700
387,600
368,500
485,700
Other Current Assets
108,400
75,100
73,500
91,200
Total Current Assets
1,651,500
1,871,500
1,395,200
1,466,000
Net Property, Plant & Equipment
440,600
369,500
381,700
351,400
Net Intangible Assets
1,099,000
440,500
481,200
529,200
Goodwill
1,495,500
1,098,700
1,097,900
1,084,300
Other Long-Term Assets
68,600
34,400
52,500
49,300
Total Assets
4,755,200
3,814,600
3,408,500
3,480,200
Accounts Payable
454,500
352,300
285,700
397,800
Accrued Expenses
110,000
110,100
103,300
88,000
Short-Term Debt
—
—
—
18,000
Current Portion of Leases
23,300
19,200
19,700
15,700
Other Current Liabilities
258,000
206,300
186,700
214,100
Total Current Liabilities
845,800
687,900
595,400
733,600
Long-Term Debt
896,800
496,200
495,600
495,000
Leases
84,300
58,100
75,500
67,400
Other Long-Term Liabilities
203,400
193,600
226,600
272,400
Total Long-Term Liabilities
1,184,500
747,900
797,700
834,800
Total Liabilities
2,030,300
1,435,800
1,393,100
1,568,400
Preferred Stock
—
—
—
500
Common Stock
500
500
500
500
Treasury Stock
(2,649,600)
(2,532,500)
(2,444,700)
(2,175,400)
Additional Paid-in Capital
1,164,700
1,115,900
1,066,800
1,036,300
Accumulated Other Comprehensive Income
(76,500)
(114,900)
(112,600)
(125,800)
Retained Earnings
4,285,800
3,909,800
3,505,400
3,176,200
Total Common Shareholders' Equity
2,724,900
2,378,800
2,015,400
1,911,800
Total Shareholders' Equity
2,724,900
2,378,800
2,015,400
1,911,800
Total Liabilities and Shareholders' Equity
4,755,200
3,814,600
3,408,500
3,480,200
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
396,600
422,600
346,000
384,000
Depreciation & Amortization
133,100
91,100
93,200
94,800
Share-Based Compensation Expense
45,100
46,600
42,000
37,400
Other Adjustments
2,600
(30,600)
(27,000)
0
Changes in Trade Receivables
26,300
(8,700)
114,600
(99,700)
Changes in Inventories
(34,200)
(16,300)
115,200
(83,300)
Changes in Accounts Payable
64,400
66,200
(110,500)
2,600
Changes in Other Operating Activities
(32,500)
48,300
4,600
(19,500)
Cash from Operating Activities
601,400
619,200
578,100
316,300
Capital Expenditure
(68,400)
(64,000)
(66,700)
(56,500)
Proceeds from Sale of Property, Plant & Equipment
—
—
—
8,900
Payments for Business Acquisitions
(1,189,400)
—
(35,500)
(12,900)
Other Investing Activities
(22,900)
(1,100)
11,500
(1,700)
Cash from Investing Activities
(1,280,700)
(65,100)
(90,700)
(62,200)
Issuance of Short-Term Debt
—
—
(18,000)
18,000
Net Issuance / (Repayments) of Short-Term Debt
—
—
(18,000)
18,000
Issuance of Long-Term Debt
600,000
—
—
—
Repayments of Long-Term Debt
(200,000)
—
—
—
Net Issuance / (Repayments) of Long-Term Debt
400,000
—
—
—
Issuance of Common Shares
28,400
13,500
2,700
12,500
Repurchases of Common Shares
(143,100)
(99,800)
(280,800)
(523,400)
Net Issuance / (Repurchases) of Common Shares
(114,700)
(86,300)
(278,100)
(510,900)
Common Share Dividends Paid
(20,600)
(18,200)
(16,800)
(18,100)
Other Financing Activities
(9,300)
—
—
(1,400)
Cash from Financing Activities
255,400
(104,500)
(312,900)
(512,400)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
600
(1,700)
200
(9,800)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash