AYI FY 2024 Earnings Report — Acuity Brands, Inc. Revenue & Financial Results | Market Cap Arena

Acuity Brands, Inc.AYI

FY 2024 Earnings

Reported October 28, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$3.8B	—	$4.0B	—	-2.8%
Op. Income	$553M	—	$473M	—	16.9%
Gross Margin	46.4%	—	43.3%	—	3.0pp
Net Margin	11.0%	—	8.8%	—	2.2pp
EPS (Diluted)	$13.44	—	$10.76	—	24.9%
Free Cash Flow	$555M	—	$511M	—	8.6%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.1B
GROSS PROFIT	$1.8B
R&D Expenses	$102M
Selling & Marketing	$20M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$3.3B
OPERATING INCOME	$553M
Interest Income	$30M
Interest Expense	$25M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$549M
Income Tax Expense	$126M
Net Income from Continuing Ops	$423M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$423M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$423M
D&A	$91M
EBIT	$574M
EBITDA	$665M
EPS	$14
EPS Diluted	$13

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.1B
GROSS PROFIT	$1.8B
R&D Expenses	$102M
Selling & Marketing	$20M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$3.3B
OPERATING INCOME	$553M
Interest Income	$30M
Interest Expense	$25M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$549M
Income Tax Expense	$126M
Net Income from Continuing Ops	$423M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$423M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$423M
D&A	$91M
EBIT	$574M
EBITDA	$665M
EPS	$14
EPS Diluted	$13

Cash Flow Statement

Item	Amount
Net Income	$423M
Depreciation & Amortization	$91M
Stock-Based Compensation	$47M
Deferred Income Tax	-$34M
Other Non-Cash Items	$3M
Change in Working Capital	$90M
OPERATING CASH FLOW	$619M
Capital Expenditure	-$64M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$65M
Net Debt Issuance	$0
Common Stock Repurchased	-$89M
Common Dividends Paid	-$18M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$105M
FREE CASH FLOW	$555M
Net Change in Cash	$448M

Balance Sheet

Item	Amount
Cash & Equivalents	$846M
Short-Term Investments	$0
Net Receivables	$563M
Inventory	$388M
Other Current Assets	$75M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$370M
Goodwill	$1.1B
Intangible Assets	$441M
Long-Term Investments	$7M
Tax Assets	$2M
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$3.8B
Account Payables	$352M
Short-Term Debt	$0
Deferred Revenue	$17M
Other Current Liabilities	$290M
TOTAL CURRENT LIABILITIES	$688M
Long-Term Debt	$496M
Deferred Revenue NC	$42M
Deferred Tax Liabilities	$26M
Other Non-Current Liabilities	$126M
TOTAL NON-CURRENT LIABILITIES	$748M
TOTAL LIABILITIES	$1.4B
Common Stock	$500.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$3.9B
Treasury Stock	-$2.5B
Accum. Other Comp. Income	-$115M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$0
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$574M
Net Debt	-$272M