ACUITY INC. (DE)

Listed Company

AYICIK 0001144215NYSELarge AcceleratedElectric Lighting & Wiring EquipmentDelawareFY ends Aug 31

Period

FY 2025

Revenue

$4.35B

Net Income

$396.60M

Total Assets

$4.76B

Equity

$2.72B

Shares Out

30.32M

Op. Cash Flow

$601.40M

Business

ACUITY INC. (DE) is an industrial technology company that designs and brings to market integrated lighting, building management, and audio‑video solutions. It offers luminaires, advanced electronics and drivers, lighting controls, building management systems, a cloud data platform, and a full‑stack audio, video, and control platform alongside related software and services. The business operates through two segments, Acuity Brands Lighting (ABL) and Acuity Intelligent Spaces (AIS), which focus respectively on lighting products and intelligent space technologies. Products are sold primarily in North America, Europe, and select international markets through independent sales agencies, internal sales teams, electrical distributors, retailers, OEM relationships, and system integrators.

Summary from filing dated 2025-10-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Net sales	4,346	3,841	3,952	4,006	3,461
Cost of products sold	2,267	2,059	2,239	2,333	1,986
Gross profit	2,079	1,782	1,713	1,673	1,475
Selling, distribution, and administrative expenses	1,485	1,228	1,213	1,163	1,044
Special charges	30	0	27	0	3
Operating profit	564	553	473	510	428
Interest expense (income), net	22	−5	19	25	—
Miscellaneous expense, net	42	9	8	−9	8
Total other expense	64	5	27	16	31
Income before income taxes	500	549	447	494	396
Income tax expense	104	126	101	110	90
Net income	397	423	346	384	306
Basic earnings per share (in dollars per share)	12.85	13.68	10.88	11.23	8.44
Basic weighted average number of shares outstanding (in shares)	31	31	32	34	36
Diluted earnings per share (in dollars per share)	12.53	13.44	10.76	11.08	8.38
Diluted weighted average number of shares outstanding (in shares)	32	31	32	35	37
Dividends declared per share (in dollars per share)	0.66	0.58	0.52	0.52	0.52
Foreign currency translation adjustments	11	−6	9	−33	13
Defined benefit plans, net of tax	28	4	5	6	21
Other comprehensive income (loss) items, net of tax	38	−2	13	−28	35
Comprehensive income	435	420	359	356	341

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2025 2025-05-31	FY 2024 2024-08-31	FY 2024 2024-05-31	FY 2023 2023-08-31
Cash and cash equivalents	423	—	846	—	398
Accounts receivable, less reserve for doubtful accounts of $4.3 and $1.9, respectively	594	—	563	—	555
Inventories	527	—	388	—	369
Prepayments and other current assets	108	—	75	—	74
Total current assets	1,652	—	1,872	—	1,395
Property, plant, and equipment, net	343	—	304	—	298
Operating lease right-of-use assets	97	—	66	—	84
Goodwill	1,496	1,500	1,100	1,100	1,098
Intangible assets, net	1,099	—	441	—	481
Deferred income taxes	23	—	2	—	3
Other long-term assets	45	—	32	—	50
Total assets	4,755	—	3,815	—	3,409
Accounts payable	455	—	352	—	286
Current operating lease liabilities	23	—	19	—	20
Accrued compensation	110	—	110	—	103
Other current liabilities	258	—	206	—	187
Total current liabilities	846	—	688	—	595
Long-term debt	897	—	496	—	496
Long-term operating lease liabilities	84	—	58	—	76
Accrued pension liabilities	39	—	38	—	38
Deferred income taxes	25	—	26	—	59
Other long-term liabilities	139	—	130	—	129
Total liabilities	2,030	—	1,436	—	1,393
Commitments and contingencies (see Commitments and Contingencies footnote)	—	—	—	—	—
Preferred stock, $0.01 par value per share; 50.0 shares authorized; none issued	0	—	0	—	0
Common stock, $0.01 par value per share; 500.0 shares authorized; 54.9 and 54.6 issued, respectively	500,000	—	500,000	—	500,000
Paid-in capital	1,165	—	1,116	—	1,067
Retained earnings	4,286	—	3,910	—	3,505
Accumulated other comprehensive loss	−77	—	−115	—	−113
Treasury stock, at cost 24.2 and 23.8 shares, respectively	−2,650	—	−2,530	—	−2,440
Total stockholders equity	2,725	—	2,379	—	2,015
Total liabilities and stockholders equity	4,755	—	3,815	—	3,409

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Depreciation and amortization	133	91	93	95	100
Pension settlement loss	31	0	0	—	—
Share-based payment expense	45	47	42	37	33
Asset impairments	17	3	21	2	6
Deferred income taxes	−45	−34	−48	—	—
Accounts receivable	26	−9	115	−100	−69
Inventories	−34	−16	115	−83	−36
Prepayments and other current assets	−14	−3	21	−18	−18
Accounts payable	64	66	−111	3	66
Other operating activities	−18	51	−17	−2	24
Net cash provided by operating activities	601	619	578	316	409
Purchases of property, plant, and equipment	−68	−64	−67	−57	−44
Acquisitions of businesses, net of cash acquired	−1,189	0	−36	−13	−75
Other investing activities	−23	−1	12	−2	−4
Net cash used for investing activities	−1,281	−65	−91	−62	−118
Repayments on credit facility, net of borrowings	0	0	−18	18	0
Borrowings from term loan	600	0	0	0	494
Repayments of term loan borrowings	−200	0	0	0	−401
Repurchases of common stock	−119	−89	−267	−515	−435
Proceeds from stock option exercises and other	28	14	3	13	3
Payments of taxes withheld on net settlement of equity awards	−25	−11	−14	−9	−5
Dividends paid	−21	−18	−17	−18	−19
Other financing activities	−9	0	0	−1	0
Net cash provided by (used for) financing activities	255	−105	−313	−512	−363
Effect of exchange rate changes on cash and cash equivalents	600,000	−2	200,000	−10	2
Net change in cash and cash equivalents	−423	448	175	−268	−69
Income taxes paid	152	156	147	109	86
Interest paid	41	24	28	26	22

Filings

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