Strong Fourth Quarter Performance
Acuity achieved strong fourth quarter performance with net sales of $1.2 billion, up 17% year-over-year. Adjusted operating profit increased by 26% to $225 million, and adjusted diluted earnings per share rose by 21% to $5.20.
AIS and QSC Growth
Acuity Intelligent Spaces generated $255 million in sales, with Atrius and Distech growing approximately 13% and QSC growing approximately 15%. QSC integration is progressing well, contributing to AIS's strong performance.
Effective Cost Management and Strategic Pricing
Acuity managed to expand adjusted operating profit margin to 18.6% despite tariff challenges by moving away from higher tariff environments and strategically managing pricing.
Innovation in Product Offerings
The introduction of new healthcare lighting solutions, such as the Care Collection and Nightingale products, along with recognition from industry awards, highlights Acuity's innovation in product offerings.
Capital Allocation and Shareholder Rewards
Acuity allocated $68 million to capital expenditures, repaid $200 million in term loans, increased dividends by 13%, and repurchased approximately 436,000 shares, showcasing effective capital allocation.