Acuity Misses Quarterly Profit Numbers

Acuity Brands saw a 13 percent drop in profit in the first quarter of 2013, hurt by $5.5 million in charges related to the shut down of its Cochran, Ga., facility and a decrease in demand from the nonresidential construction market.

  • Net Sales: $481.1 million, up 1.4 percent
  • Net Income: $26.1 million, down 13 percent
  • Earnings Per Share: 61 cents, down 14 percent

Read the details at Yahoo! Finance.