Acuity Brands Sales Up 12% in Fiscal 2011 - Modern Distribution Management

Acuity Brands Sales Up 12% in Fiscal 2011

Fourth-quarter sales for the lighting distributor climbed 12 percent.

Lighting distributor Acuity Brands, Inc. (NYSE: AYI), Atlanta, GA, reported sales for the fourth quarter ended Aug. 31, 2011, were $496.2 million, up 12 percent compared with the year-ago period. Profit increased 26 percent to $34.2 million.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.

\"\"

The year-over-year growth in fourth quarter sales was due to a 5 percent increase in unit volume, 4 percent from acquisitions, and 2 percent from pricing, partially offset by a less favorable mix of products sold, and 1 percent from favorable foreign currency translation on international sales.

Fiscal 2011 sales were $1.8 billion, an increase of 12 percent over fiscal 2010. Profit increased 33 percent to $105.5 million.

\”We remain very positive about the future prospects for our company and our ability to outperform the markets we serve, particularly as we become more diversified and less reliant on new building construction for growth,\” said Vernon J. Nagel, president and CEO. \”We have experienced growth for six consecutive quarters in spite of weak new construction, supporting our diversification strategy.\”

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.