Acuity Brands Q2 Profit Rises - Quick Facts

(RTTNews) - Acuity Brands, Inc. (AYI) reported second-quarter net income of $46.4 million, compared to $32.7 million, prior-year. Earnings per share was $1.07 compared to $0.75. Adjusted earnings per share was $1.08, for the quarter. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.05 for the quarter. Analysts' estimates typically exclude special items. Net sales were $616.1 million, an increase of 13 percent, compared with the year-ago period. Analysts expected revenue of $627.95 million for the quarter.

The company said the year-over-year growth in fiscal 2015 second quarter net sales was due primarily to a 15 percent increase in volume, partially offset by an estimated 1 percentage point net unfavorable change in product prices and mix of products sold and a 1 percent unfavorable impact from changes in foreign currency exchange rates.