Acuity Brands Shares Jump in Light of Positive Third-Quarter Earnings

July 10, 2018

Acuity Brands Inc. shares have surged following better-than-expected fiscal third-quarter results. The lighting company reported earnings of US$1.80 per share on revenue of US$944mln compared with US$1.90 EPS on revenue of US$891.6mln in its previous third quarter.

Acuity reported adjusted earnings of US$2.37 compared with consensus estimates of US$2.17. The company also topped revenue estimates of US$899mln.

The Atlanta-based company provides lighting and building management solutions throughout North America, Europe and Asia. Brands include Lithonia Lighting, Holophane, Peerless and Gotham.

Sales have been driven by shipments of the company’s Atrius-based luminaires, as well as higher shipments of products for infrastructure and utility projects. Those items were partially offset by lower net sales for larger commercial projects, Chief Executive Vernon Nagel said in a statement.

The company is expecting demand in the North American lighting market to improve in the second half, although pricing is expected to remain challenging in some parts of the market. Shares have fallen about 33% in 2018, while the S&P 500 has gained about 2%.

Related Articles


Changing Scene

  • LEDVANCE Expands Ontario Presence with New Specification Agent

    LEDVANCE Expands Ontario Presence with New Specification Agent

    LEDVANCE is pleased to announce the appointment of Sterling Architectural Products Ltd. (Sterling Lights) as their new specification agent in Ontario. This partnership strengthens LEDVANCE’s presence in the region and reinforces their commitment to serving the professional lighting design and specification community with innovative, reliable lighting solutions. With decades of experience and a service-driven mindset,… Read More…

  • May 29, 2025 - Eureka Wins Three 2025 Red Dot Awards for Product Design

    Eureka Wins Three 2025 Red Dot Awards for Product Design

    Eureka is pleased to announce that its Velia, Cirra, and Junction luminaires have each received a 2025 Red Dot Design Award for Product Design. It is the 11th consecutive year that Eureka products have been honored with this prestigious award, which is a testament to the company’s consistency and relentless drive to design exceptional luminaires.… Read More…


Design

  • The Difference Between Accent, Ambient & Task Lighting: Ultimate Guide

    The Difference Between Accent, Ambient & Task Lighting: Ultimate Guide

    In interior design, lighting is not just about brightening the room. Sensitive lighting layout is the key in the whole aesthetic atmosphere. An outstanding lighting solution will not rely on one type of fixture. Rather, it is through the combination of different types of lighting. Accent, ambient, and task lighting are three basic types of… Read More…

  • Graphic Office Interiors Enhance Their Office Space, Incorporating State-Of-The-Art Lighting Solutions

    Graphic Office Interiors Enhance Their Office Space, Incorporating State-Of-The-Art Lighting Solutions

    Graphic Office Interiors, a renowned office design and furnishings company serving Vancouver Island since 1966, embarked on a unique lighting project for their personal office in Saanichton, BC. This project marked the first collaboration between Kelly Inglis of Mac’s II Agencies and Graphic Office Interiors’ in-house registered interior designer, Laura Harlos. Known for their exclusive Steelcase furniture line, modular moveable… Read More…


New Products

  • Eureka Announces New Accessories for Scout Luminaire

    Eureka Announces New Accessories for Scout Luminaire

    Eureka has announced the enhancement of its Scout luminaire family with the introduction of new accessories and a new color palette. Three new diffusers have been introduced. Bell is minimalist, translucent and cloche-shaped. Pebble introduces a soft touch and an ambient glow in a distinct, oval-shaped diffuser. Orb is sleek and dome-shaped, adding a touch… Read More…

  • Amico: SOLAR ECLIPSE – 2X4 Multi-Functional Luminaire

    Amico: SOLAR ECLIPSE – 2X4 Multi-Functional Luminaire

    The Solar Eclipse Series provides a multi-functional luminaire that supports the demands of the hospital environment. The sleek and modern design merges architectural aesthetics with exceptional lighting performance to improve patient comfort while maximizing clinical efficiencies. This architectural patient room fixture offers reading, ambient, and exam functionalities and an optional night light. Multi-functional capabilities provide… Read More…