Shares of industrial technology company Acuity Brands, Inc. (AYI) are up more than 5% in pre-market on Tuesday after reporting better-than-expected fourth-quarter results.
The company said its net income in the fourth quarter increased 17.6% to $115.4 million, on strong demand. EPS increased 27.9% to $3.48.
Excluding one-time items, earnings were $3.95, that beat the average estimate of analysts polled by Thomson-Reuters of $3.59 per share.
Sales for the quarter increased 11.8% year-over-year to $1.11 billion. The consensus estimate was for $1.08 billion.
AYI closed at $159.65, up 1.38% on Monday. It has traded in the range of $142.71-$224.59 in the last 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.