AYI FY 2023 Earnings Report — Acuity Brands, Inc. Revenue & Financial Results | Market Cap Arena

Acuity Brands, Inc.AYI

FY 2023 Earnings

Reported October 26, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$4.0B	—	$4.0B	—	-1.3%
Op. Income	$473M	—	$510M	—	-7.1%
Gross Margin	43.3%	—	41.8%	—	1.6pp
Net Margin	8.8%	—	9.6%	—	-0.8pp
EPS (Diluted)	$10.76	—	$11.08	—	-2.9%
Free Cash Flow	$511M	—	$260M	—	96.8%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.7B
R&D Expenses	$97M
Selling & Marketing	$22M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$27M
Operating Expenses	$1.2B
Cost & Expenses	$3.5B
OPERATING INCOME	$473M
Interest Income	$9M
Interest Expense	$28M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$447M
Income Tax Expense	$101M
Net Income from Continuing Ops	$346M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$346M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$346M
D&A	$93M
EBIT	$495M
EBITDA	$589M
EPS	$11
EPS Diluted	$11

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.7B
R&D Expenses	$97M
Selling & Marketing	$22M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$27M
Operating Expenses	$1.2B
Cost & Expenses	$3.5B
OPERATING INCOME	$473M
Interest Income	$9M
Interest Expense	$28M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$447M
Income Tax Expense	$101M
Net Income from Continuing Ops	$346M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$346M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$346M
D&A	$93M
EBIT	$495M
EBITDA	$589M
EPS	$11
EPS Diluted	$11

Cash Flow Statement

Item	Amount
Net Income	$346M
Depreciation & Amortization	$93M
Stock-Based Compensation	$42M
Deferred Income Tax	-$48M
Other Non-Cash Items	$97M
Change in Working Capital	$48M
OPERATING CASH FLOW	$578M
Capital Expenditure	-$67M
Acquisitions (Net)	-$36M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$12M
NET CASH FROM INVESTING	-$91M
Net Debt Issuance	-$18M
Common Stock Repurchased	-$267M
Common Dividends Paid	-$17M
Other Financing Activities	-$14M
NET CASH FROM FINANCING	-$313M
FREE CASH FLOW	$511M
Net Change in Cash	$175M

Balance Sheet

Item	Amount
Cash & Equivalents	$398M
Short-Term Investments	$0
Net Receivables	$555M
Inventory	$369M
Other Current Assets	$74M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$382M
Goodwill	$1.1B
Intangible Assets	$481M
Long-Term Investments	$7M
Tax Assets	$3M
Other Non-Current Assets	$42M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$3.4B
Account Payables	$286M
Short-Term Debt	$0
Deferred Revenue	$14M
Other Current Liabilities	$264M
TOTAL CURRENT LIABILITIES	$595M
Long-Term Debt	$496M
Deferred Revenue NC	$48M
Deferred Tax Liabilities	$59M
Other Non-Current Liabilities	$120M
TOTAL NON-CURRENT LIABILITIES	$798M
TOTAL LIABILITIES	$1.4B
Common Stock	$500.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$3.5B
Treasury Stock	-$2.4B
Accum. Other Comp. Income	-$113M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$591M
Net Debt	$193M