Acuity Brands, Inc. (NYSE: AYI) is a leading industrial technology company specializing in lighting and building management solutions, with operations in North America, Europe, and Asia. The company operates through two main segments: Acuity Brands Lighting and Acuity Intelligent Spaces.

For the fiscal first quarter of 2025, Acuity Brands experienced a modest rise in sales, reporting net revenues of $952 million, which reflects an increase of $17 million or 2% compared to the prior year. The adjusted operating profit was $159 million, up 3% from the previous year, and represented an adjusted operating profit margin of 16.7%, a gain of 20 basis points year-over-year.

The reported diluted earnings per share for the latest quarter was $3.35, up 4% from the same period last year, while the adjusted diluted earnings per share increased to $3.97, marking a 7% improvement. The company’s adjusted operating profit in the Acuity Brands Lighting segment amounted to $154 million, slightly decreasing from the previous year, resulting in an operating margin of 17.3%, which is down 20 basis points.

In the Acuity Intelligent Spaces segment, sales reached $74 million, demonstrating a significant increase of 15% compared to the prior year. This segment’s adjusted operating profit was $15 million with an adjusted operating profit margin of 21%, improving by 5 percentage points year-over-year.

Acuity Brands generated cash flow from operations of $132 million for the first quarter. The company closed the acquisition of QSC, LLC, which will expand its capabilities in Intelligent Spaces and was financed with $600 million in additional debt.

For full-year fiscal 2025, net sales are forecasted to be between $4.3 billion and $4.5 billion, with adjusted diluted earnings per share expected in the range of $16.50 to $18. Interest expenses are anticipated to fall between $20 million and $25 million for the year, influenced by QSC’s integration costs and purchase accounting adjustments.