Need Help? (888) 742-5060

In The News:

Acuity Brands Sales Down 2% in Fiscal 2010

Acuity Brands, Inc. (NYSE: AYI), Atlanta, GA, reported sales for the fiscal year ended Aug. 31, 2010, were $1.63 billion, down 2 percent from fiscal 2009. Profit declined 6.2 percent to $79.6 million.

Fourth-quarter sales for the distributor of lighting fixtures and related products were $444.1 million, an increase of 5 percent over the same period a year ago. Profit decreased 6.5 percent to $27.2 million.

"We achieved unit volume growth while non-residential construction continued to decline. I believe this is strong evidence that the execution of our strategies to extend our leadership position in North America is succeeding," said Vernon Nagel, president and CEO. "These strategies include continued introduction of new, more energy-efficient lighting products and solutions, expansion in key geographies and important channels, and further gains in productivity."

The year-over-year growth in fiscal fourth quarter net sales was due primarily to a 6 percent increase in unit volume, partially offset by unfavorable changes in both selling prices in certain channels and geographies and the mix of products sold.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center