ACUITY INC. (DE)

Acuity Inc. reported strong third-quarter fiscal 2026 results, with net sales increasing 1.6% to $1.2 billion. The company achieved a significant 46.2% rise in diluted EPS to $4.56 and a 3.7% increase in adjusted diluted EPS to $5.31. Operating profit surged by 38.3% to $193.3 million, driven by solid execution and growth in its Acuity Intelligent Spaces segment. The company also generated strong cash flow from operations and continued its share repurchase program.

Acuity reported strong financial results for the third quarter and nine months ended May 31, 2026. Net sales, net income, and diluted EPS all increased significantly compared to the prior year periods. The company also established a new $800.0 million revolving credit facility and continued its share repurchase program, buying back $229.9 million of common stock. Additionally, Acuity recorded $6.4 million in tariff refunds.

Acuity Inc. reported solid third-quarter fiscal 2026 results, with net sales increasing 1.6% to $1.2 billion. The company delivered a significant 46% rise in diluted EPS to $4.56 and a 4% increase in adjusted diluted EPS to $5.31. Operating profit saw a substantial 38% jump to $193.3 million, while adjusted operating profit grew 0.8% to $223.5 million. The company also generated strong cash flow from operating activities, totaling $520.2 million year-to-date, and repurchased $230 million in common stock.

Acuity Inc. announced a quarterly cash dividend of $0.20 per share. The dividend is scheduled to be paid on August 3, 2026, to shareholders who are on record as of July 17, 2026. Acuity Inc. is an industrial technology company focused on lighting and intelligent spaces.

Acuity Inc. has entered into a new Credit Agreement, establishing an $800 million unsecured revolving credit facility that matures in May 2031. This new agreement replaces the company's previous credit facility from June 2022. The facility includes customary restrictions and covenants, such as maintaining a maximum leverage ratio of 3.75 to 1.00, with a temporary increase option for significant acquisitions. Interest rates are tied to various benchmarks plus an applicable margin.