Northern, WI 7/2/12 (streetBeat) -- Acuity Brands Inc. (NYSE: AYI)
The Atlanta-based lighting products company boosted its third-quarter bottom line on higher sales and overcame a $1.9 million charged related to the closure of its Cochran, Ga., facility.
• Net Sales: $487.5 million, up 6.4 percent
• Net Income: $33.6 million, up 24 percent
• Earnings Per Share: 79 cents, up 27.4 percent
Acuity Chairman, President and CEO Vernon J. Nagel:
“We are pleased with our fiscal 2012 third quarter results as we continue to execute our strategies to extend our leadership position in North America, including our record pace for the introduction of more energy-efficient lighting solutions... Our third quarter results also reflected a continuation of an elevated level of spending on future growth initiatives, including new products, expanded market presence, and technology and innovation.”
Acuity owns Acuity Brands Lighting, whose brands include Lithonia Lighting, Holophane, Peerless, Mark Architectural Lighting, Hydrel, American Electric Lighting, Gotham, Carandini, SpecLight, MetalOptics, Antique Street Lamps, RELOC, Lighting Control and Design, SAERIS, ROAM, Synergy Lighting Controls and Winona Lighting Inc.
Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail firstname.lastname@example.org or call (662) 392-0740 for pricing and scheduling.