EXCLUSIVE—MUST CREDIT EDISONREPORT. EdisonReport can confirm that Acuity Brands has announced their second price increase of the year. The first one was at LIGHTFAIR and there may be a third one later this year—once the tariff situation plays out. Our source explained that the increase is effective in September. Acuity attributes the increase to higherRead more
EXCLUSIVE. Must Credit EdisonReport. EdisonReport has received a Cree letter sent on 12 JUL and signed by David T. Emerson, Executive Vice President – LEDs. In this letter to customers, Emerson states that Cree will “…protect you from the effects of the tariff on these products by absorbing additional costs resulting from these tariffs ourselvesRead more
July 20, 2018 Dear Valued Customer: As a result of global trade uncertainties, we write to provide notice of significant tariffs introduced by the United States on lighting products and components imported from China that, if left in place, will result in cost/price increases on many products LEDVANCE supplies to its customers. On July 6th, theRead more
July 3, 2018 Re: Price Increases Dear Philips Advance Customers, Philips Advance is implementing a general price increase on select LED product families, effective with product shipments from August 15, 2018. Specific pricing will vary by category. The last date for invoicing shipments on existing orders at current price levels is August 14, 2018. AllRead more
Your humble editor listened in on the Acuity Brands investor call. Below are my notes: C&I sales normally about 60% of volume, this quarter dropped by 3% or 4%. Closing a few small plants and will leave inventory in place—not cost effective to move Excess capacity will be absorbed into other locations. Consolidate to improveRead more
Effective with shipments starting August 1, 2018 ULT will be implementing a price increase averaging 6-8 % across our product lines. Please note that this increase will not affect any projects which exist today with a valid project quote. It will, however, impact all other price lists/quotes.
Dear Lighting Customers, As our industry continues to go through rapid technological advancements and change we are seeing demand for lighting products with legacy technologies (HID) soften which has put further cost pressure on these legacy technologies. Our business has felt the cumulative impact of increased costs on materials & components, transportation, packaging, wages, andRead more
Eaton has announced a 6% price increase effective 16 JUL 2018. This increase follows the Acuity 6% increase announced at LIGHTFAIR and the 26 APR price increase from Hapco.
Due to significant inflationary pressure, Acuity Brands is announcing a general price increase on Acuity Brands Lighting Products effective June 11, 2018. Price increases will average 6% on all legacy products and select LED product families and options. Specific category pricing will vary…