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Acuity Brands 2Q Sales Up 8.5%

Lighting distributor Acuity Brands, Inc. (NYSE: AYI), Atlanta, GA, reported sales for the second quarter ended Feb. 28, 2011, were $416.1 million, an 8.5 percent increase over sales in the same period a year ago. Profit was $19.9 million compared with $7.8 million for the year-ago period.

Excluding the impact of acquisition, sales increased 6.6 percent. Acuity Brands completed the acquisition of Sacramento, CA-based Sunoptics in February.

For the first six months of fiscal 2011, sales were $841.2 million, up 8.5 percent in a year-over-year comparison. Profit increased 42.4 percent to $44.3 million.

Mr. Nagel, Chairman, President, and Chief Executive Officer of Acuity Brands, commented, "We are pleased with our fiscal 2011 second quarter results as we continue to execute extremely well in this demanding and competitive environment.

"This was the fourth quarter in a row where we achieved unit volume growth in an environment where U.S. non-residential construction, a key market for us, continued to decline," said Vernon J. Nagel, president and CEO.

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