Acuity beats fiscal Q3 estimates as higher sales, stronger EPS, and operating profit growth support results.
Stock Earnings Results
June 25, 2026
Table of Contents
June 25, 2026
Acuity Inc. (NYSE: AYI) reported fiscal third-quarter 2026 results above expectations, supported by higher sales, stronger EPS, improved operating profit, and continued growth in its Intelligent Spaces segment.
Acuity is an industrial technology company focused on lighting, lighting controls, building management systems, and intelligent spaces solutions through its Acuity Brands Lighting and Acuity Intelligent Spaces segments.
The company reported adjusted EPS of $5.31, above estimates of $5.21, representing a 1.9% earnings surprise. Revenue came in at $1.20 billion, above estimates of $1.18 billion, with revenue growth of 1.6%.
Net sales increased 1.6% to $1.2 billion from the prior-year quarter.
Operating profit increased 38.3% to $193.3 million, while operating margin expanded to 16.1% from 11.9% a year earlier.
Adjusted operating profit increased 0.8% to $223.5 million. Adjusted operating margin was 18.7%, down slightly from 18.8% last year.
Diluted EPS increased 46.2% to $4.56, while adjusted diluted EPS increased 3.7% to $5.31.
The company also received $6.4 million in tariff refunds during the quarter in Acuity Brands Lighting, which were reflected as a non-GAAP adjustment.
Acuity Brands Lighting generated net sales of $905.2 million, down 1.9% from the prior year. Operating profit in the segment increased 19.9% to $160.6 million, though adjusted operating profit declined 5.3%.
Acuity Intelligent Spaces was the stronger growth driver. Segment net sales increased 14.9% to $303.5 million, while operating profit more than doubled to $56.5 million.
Adjusted operating profit in Intelligent Spaces increased 22.5% to $76.3 million, with adjusted operating margin expanding to 25.1%.
Acuity generated $520.2 million in net cash from operating activities during the first nine months of fiscal 2026.
Year to date, the company repurchased about 766,000 shares for $230 million.
Acuity ended the quarter with $411.9 million in cash and cash equivalents and $697.3 million in long-term debt.
Acuity delivered a solid quarter with a clear split between its two businesses.
Lighting sales declined slightly, but operating profit improved. Intelligent Spaces delivered stronger revenue growth and sharp profit expansion, helping support the company’s overall earnings beat.
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