Edition:
United Kingdom

Acuity Brands Q3 Earnings Per Share $2.22


Tuesday, 2 Jul 2019 

July 2 (Reuters) - Acuity Brands Inc ::ACUITY BRANDS REPORTS FISCAL 2019 THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $2.53.Q3 EARNINGS PER SHARE $2.22.Q3 SALES $947.6 MILLION VERSUS REFINITIV IBES ESTIMATE OF $971.5 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $2.45 -- REFINITIV IBES DATA.REMAIN CAUTIOUSLY OPTIMISTIC ABOUT OVERALL MARKET CONDITIONS FOR REMAINDER OF CALENDAR YEAR 2019."WE REMAIN CAUTIOUSLY OPTIMISTIC ABOUT OVERALL MARKET CONDITIONS FOR REMAINDER OF CALENDAR YEAR 2019".DO NOT BELIEVE THAT DEMAND OUTLOOK FOR 2019 HAS MEANINGFULLY CHANGED FROM OUR OUTLOOK PROVIDED LAST QUARTER.BELIEVE FISCAL Q4 NET SALES COULD BE DOWN MODESTLY COMPARED WITH PRIOR YEAR'S NET SALES.SEES Q4 ADJUSTED OPERATING PROFIT MARGIN WILL EXCEED PRIOR-YEAR'S Q4 MARGIN.ACUITY BRANDS - THIRD-PARTY FORECASTS & INDICATORS CONTINUE TO SUGGEST NORTH AMERICAN LIGHTING MARKET SHOULD GROW IN LOW-SINGLE DIGIT RANGE IN FY 2019.Q4 REVENUE VIEW $1.08 BILLION -- REFINITIV IBES DATA."Q4 NET SALES MAY BE NEGATIVELY IMPACTED BY OUR EFFORTS TO ENHANCE OUR MARGIN PROFILE"."BELIEVE OUR Q4 ADJUSTED OPERATING PROFIT MARGIN WILL IMPROVE ON A SEQUENTIAL BASIS FROM Q3". 

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