Acuity Brands, Inc. (NYSE: AYI), Atlanta, GA, reported sales for the fourth quarter ended Aug. 31, 2009, were $422.6 million, a decline of 19% compared with the year-ago period. Profit declined 30.5% to $29.1 million.
For fiscal year 2009, sales were $1.66 billion, down 18.2% from the prior year. Profit decreased 42.7% to $84.9 million.
“Looking ahead to next year, we continue to foresee a difficult and challenging economic environment, particularly for non-residential construction activity, a primary market for us,” said Vernon Nagel, president and CEO. “Key indicators continue to signal declines for North American non-residential construction activity and our expectation is that the overall markets we serve will decline in the mid-teens in our coming fiscal year.” Acuity Brands, Inc. is a provider of lighting fixtures and related products and services with about 6,000 associates and operations throughout North America and in Europe and Asia.
