Acuity Brands Inc Q4 Profit Increases, beats estimates

Acuity Brands Inc (AYI) reported a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $115.4 million, or $3.48 per share. This compares with $98.1 million, or $2.72 per share, in last year's fourth quarter.

Excluding items, Acuity Brands Inc reported adjusted earnings of $130.8 M or $3.95 per share for the period.

Analysts on average had expected the company to earn $3.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.8% to $1.110 billion from $992.7 million last year.

Acuity Brands Inc earnings at a glance (GAAP) :

-Earnings (Q4): $115.4 Mln. vs. $98.1 Mln. last year.
-EPS (Q4): $3.48 vs. $2.72 last year.
-Analyst Estimate: $3.59
-Revenue (Q4): $1.110 Bln vs. $992.7 Mln last year.

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