Acuity Reports Strong Q3 Sales and EPS Growth Despite Restructuring Charges
Acuity Inc. posted robust financial results for the third quarter of fiscal 2025, ending 31 May, with net sales reaching $1.2 billion. This marks a 21.7% increase over the same period last year, driven in part by strong growth in its Acuity Intelligent Spaces (AIS) segment.
“We delivered strong performance in the third quarter,” said Neil Ashe, Acuity’s Chairman, President, and CEO. “We grew net sales, expanded margins, and generated strong cash flow.”
Despite reporting $29.7 million in special charges related to brand eliminations, severance, and facility reorganizations within its Acuity Brands Lighting (ABL) segment, the company still delivered $221.7 million in adjusted operating profit—up 32.7% year-over-year. Adjusted earnings per share climbed 23.4% to $5.12, although GAAP earnings per share declined 13.8% to $3.12.
The Acuity Brands Lighting segment saw modest sales growth, up 2.7% to $923.2 million. Adjusted operating profit for ABL rose 7.3% to $173.9 million, even as reported profit fell due to restructuring costs. The AIS segment posted standout results with $264.1 million in sales—up nearly 249%—fueled by the full-quarter impact of the QSC acquisition. Adjusted operating profit for AIS surged to $62.3 million.
Over the first nine months of fiscal 2025, Acuity generated $398.9 million in operating cash. The company completed its acquisitions of QSC and M3 Innovation, raised its dividend by 13%, and repurchased $91.3 million in stock.
Acuity’s strategic actions in both segments and disciplined capital allocation demonstrate its continued transformation into a diversified industrial technology company.