Acuity Brands Inc. (NYSE: AYI), Atlanta, reported third-quarter sales of $947.6 million, a 0.4% increase compared with the year-ago period. Profit was $88.4 million, a 21.1% decrease compared with the third quarter of 2018.
For the first nine months of fiscal 2019, Acuity Brands’ sales increased 4.4% to $2.62 billion compared to the year-ago period. Profit was $234.3 million compared with $241.4 million a year ago.
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Profit fell 13.7% during the quarter to $57.2 million.
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Mills replaces Karen Holcom who now serves as SVP and CFO for the company.
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Annual sales were down slightly.
