Acuity Brands announced its second quarter earnings just as the opening bell rang on Wednesday, with the company posting slightly higher revenue and earnings than last year’s Q2.
AYI’s Earnings in Brief
AYI’s chairman, president and CEO, Vernon J. Nagel, had the following comments: “We were very pleased with our fiscal 2014 second quarter results as we continued to execute our strategies to extend our leadership position in North America. While we believe inclement winter weather in certain parts of the U.S. dampened customer orders during the quarter and somewhat impacted our operations, the year-over-year increase in net sales reflects continued favorable trends in order rates as well as the continued adoption of LED lighting solutions, which again more than doubled over the prior year. Sales of LED-based luminaires now represent 30 percent of our net sales. We believe our second quarter results reflect our ability to provide customers truly differentiated value from our industry-leading portfolio of innovative lighting and control solutions along with superior service.”
Acuity is paying its next dividend on May 1, and its stock goes ex-dividend on April 15. The company pays a quarterly dividend of 13 cents, which has not been touched since 2007.
AYI stock was up slightly on Wednesday morning. YTD, the company’s stock is up 23.98%.AYI Dividend Snapshot
As of 10:00am on April 2, 2014
The Bottom Line
Shares of Acuity Brands (AYI) have a yield of .040% based on Tuesday’s closing price of $130 .23 and the company’s annualized payout of 52 cents.
Acuity Brands (AYI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.