Acuity Brands, Inc. (NYSE: AYI), Atlanta, GA, reported sales for its third quarter ended May 31, 2012, of $487.5 million, a 6.4 percent increase over the same period a year ago. Profit increased 23.9 percent to $33.6 million.
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For the first nine months, sales were $1.4 billion, a 9 percent increase over the same period a year ago. Profit increased 16.5 percent to $83.1 million.
“We believe the lighting and lighting-related industry will experience solid growth over the next decade, particularly as energy and environmental concerns come to the forefront, and we believe we are well positioned to fully participate in this exciting industry,” said Vernon J. Nagel, president and CEO.
