Acuity Brands reports Q3 adjusted EPS $3.75, consensus $3.71

Reports Q3 revenue $1B, consensus $1.05B. “In the third quarter of fiscal 2023, we expanded adjusted operating profit margin both sequentially and year-over-year. We continued to grow adjusted diluted earnings per share and we generated strong cash flow from operations, despite a decline in net sales,” stated Neil Ashe, Chairman, President and CEO of Acuity Brands. “We completed the acquisition of KE2 Therm, and we continued to repurchase our shares.”