BB&T Capital Markets stuft ACUITY BRANDS INC. DL-,01 auf buy - 500 Beiträge pro Seite | Diskussion im Forum
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ID: 1.173.030
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ISIN: US00508Y1029 · WKN: 813307 · Symbol: AYI
252,16
USD
+0,17 %
+0,43 USD
Letzter Kurs 26.04.24 NYSE
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28.03.24 · globenewswire |
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Richmond (aktiencheck.de AG) - Die Analysten von BB&T Capital Markets stufen die Aktie von Acuity Brands (ISIN US00508Y1029/ WKN 813307) von "hold" auf "buy" herauf. Das Kursziel werde bei 65,00 USD gesehen. (Analyse vom 10.01.2012) …
Lesen sie den ganzen Artikel: BB&T Capital Markets stuft ACUITY BRANDS INC. DL-,01 auf buy
Lesen sie den ganzen Artikel: BB&T Capital Markets stuft ACUITY BRANDS INC. DL-,01 auf buy
Acuity ist einer der größten Verkäufer von LED-Technik in den USA; Kursentwicklung weicht von den meisten anderen Playern des Sektors -z.B. Zumtobel- dramatisch positiv ab
Acuity Brands Reports Fiscal 2013 First Quarter Results
Adjusted Diluted EPS of $0.69 on 1.4 Percent Rise in Net Sales
ATLANTA--(BUSINESS WIRE)--Jan. 8, 2013-- Acuity Brands, Inc. (NYSE: AYI) (“Company”) today announced fiscal 2013 first quarter net sales were $481.1 million, an increase of $6.8 million, or 1.4 percent, compared with the year-ago period. Excluding special charges and related temporary expenses in both periods, fiscal 2013 first quarter adjusted net income was $29.6 million compared with adjusted net income of $31.6 million for the prior-year period. Adjusted diluted earnings per share (“EPS”) for the first quarter of fiscal 2013 were $0.69 compared with adjusted diluted EPS of $0.74 for the year-ago period. Additionally, adjusted diluted EPS were basically flat year over year after excluding the impact of prior year’s first quarter net miscellaneous income of $2.9 million, or $0.04 per diluted share, which was primarily attributable to currency-related gains that did not repeat this year. Net income for the first quarter of fiscal 2013 was $26.1 million, or $0.61 diluted EPS, compared with $29.9 million, or $0.70 diluted EPS, for the year-ago period. A detailed discussion of adjusted net income and adjusted diluted EPS, together with a reconciliation of these measures to the most directly comparable GAAP measure is provided below.
Vernon J. Nagel, Chairman, President, and Chief Executive Officer of Acuity Brands, commented, “Our first quarter results reflect what we believe was a lull in demand in the nonresidential construction market as well as temporary inefficiencies and costs associated with the closure of our Cochran, Georgia production facility. As indicated in our fourth quarter SEC filings, earnings release and conference call, we cautioned that end-customer demand could be inconsistent and tepid, particularly during the first half of the year, due to the weak pace of economic recovery in the U.S. and abroad. Although shipment volume increased modestly in the first quarter as compared with the year-ago period, it appeared certain customers took a "wait and see" approach surrounding the uncertainties of the outcomes of the U.S. elections and the resolution of the pending “fiscal cliff” resulting in weak demand. In spite of these market conditions, I am pleased to report that excluding the costs and inefficiencies associated with the ongoing closure process of our Cochran facility, adjusted operating profit margins remained solid at 11.2 percent. While we currently see favorable trends in our daily order rate, we still expect demand to be volatile in our second quarter, as businesses and consumers adjust their spending plans to take into account the uncertainties associated with U.S. fiscal policy and global economic concerns. We currently believe this will be followed by more stable demand in the second half of our fiscal 2013.”
First Quarter Results
The year-over-year growth in fiscal 2013 first quarter net sales was due primarily to an increase in volume, partially offset by a slightly net unfavorable change in product prices and the mix of products sold. While the increase in volume was fairly broad-based across most product categories and key sales channels in North America, the Company did observe some postponement or cancellation of certain projects. The impact on net sales from acquisitions and foreign currency was not significant. Sales of LED-based products grew by more than two-and-a-half times over the prior-year period and represented approximately 13 percent of fiscal 2013 first quarter net sales.
Fiscal 2013 first quarter gross profit margin decreased 140 basis points to 39.4 percent compared with 40.8 percent for the prior-year period. Excluding the impact of the expenses directly associated with the closing of the Cochran facility as discussed below, adjusted gross profit margin decreased 40 basis points to 40.4 percent compared with the prior-year period. The decline in adjusted gross profit margin was due primarily to an increase in expenses associated with new product introductions and higher manufacturing costs related to slight changes in the mix of products sold, partially offset by the favorable impact of increased net sales, lower material and component costs, and realized productivity improvements associated with ongoing streamlining activities.
Operating profit for the first quarter of fiscal 2013 was $48.2 million, or 10.0 percent of net sales, compared with $50.6 million, or 10.7 percent of net sales, for the prior-year period. Excluding expenses associated with the closing of the Cochran facility as discussed below, adjusted operating profit for the first quarter of fiscal 2013 was $53.7 million, a 1 percent increase over the prior-year period’s adjusted operating profit of $53.3 million. Adjusted operating profit margin for the first quarter of both fiscal 2013 and 2012 was 11.2 percent.
Fiscal 2013 first quarter results included $0.1 million of net miscellaneous expense compared with $2.9 million, or $0.04 per diluted share, of net miscellaneous income in the prior-year period. Net miscellaneous expense/income consists primarily of gains and losses resulting from the impact of exchange rates changes on foreign currency exposures, particularly those associated with the Mexican Peso.
Special Charges and Temporary Expenses Associated with Streamlining Activities
Included in the results for the first quarter of fiscal 2013 were a pre-tax special charge and temporary expenses associated with previously announced streamlining actions, primarily to close a production facility, totaling $5.5 million, or $0.08 per diluted share, as explained below. Included in the results for the first quarter of the prior year was a $2.7 million pre-tax special charge, or $0.04 per diluted share, associated with other streamlining actions.
The current year pre-tax special charge and temporary expenses totaling $5.5 million, or $0.08 per diluted share, was comprised of a pre-tax special charge of $0.7 million, or $0.01 per diluted share, and $4.8 million, or $0.07 per diluted share, of costs related to temporary manufacturing inefficiencies associated with the closing of the Cochran production facility. The special charge consisted principally of production transfer costs from the Cochran facility to other locations. The $4.8 million of manufacturing inefficiencies consisted primarily of: non-productive operating costs at the Cochran facility; expenses associated with the initial set-up of production at various facilities that have assumed the production of products previously manufactured at the Cochran facility; and incremental costs associated with production-related activities performed by third-parties that are now largely produced internally as the Company’s manufacturing capacity has since been increased to accommodate the transfer of production.
The Company expects that the closure of the Cochran facility will be principally completed by the end of the second quarter of fiscal 2013. Management forecasts that additional costs of approximately $4 million associated with the closing of the Cochran facility will be incurred in the second fiscal quarter. The costs are expected to once again be comprised of a pre-tax special charge along with temporary production inefficiencies. Assuming no further delays in obtaining government permits and approvals or in ramping-up production at the receiving facilities, management anticipates that the Cochran facility will totally cease production by the end of the second fiscal quarter and no further costs related to this streamlining effort will be incurred thereafter.
The Company estimates that the total annualized pre-tax savings associated with all streamlining activities initiated in 2012, including the closure of the Cochran facility, to be approximately $14 million of which approximately $4 million was realized in fiscal 2012. The Company realized approximately $2 million of benefits (excluding the inefficiencies noted above) in the first quarter of fiscal 2013 and expects to be at the total annualized savings run rate from the streamlining activities beginning in the third quarter of fiscal 2013 following the completion of the transfer of production and closure of the facility.
Outlook
Mr. Nagel commented, “As we look to the second quarter, typically our softest due to seasonality, we expect demand to continue to be inconsistent. Due to the recent slowdown in the rate of growth over the past several months, we believe the growth rate for the North American lighting market may be tempered somewhat to the low to mid-single digit range. We remain cautiously optimistic that we will continue to outperform the markets we serve while delivering financial results for the full fiscal year more consistent with our long-term financial objectives as identified in our recent Form 10-K.”
Mr. Nagel concluded, “We believe the lighting and lighting-related industry will experience solid growth over the next decade, particularly as energy and environmental concerns come to the forefront, and we believe we are well positioned to fully participate in this exciting industry.”
Adjusted Diluted EPS of $0.69 on 1.4 Percent Rise in Net Sales
ATLANTA--(BUSINESS WIRE)--Jan. 8, 2013-- Acuity Brands, Inc. (NYSE: AYI) (“Company”) today announced fiscal 2013 first quarter net sales were $481.1 million, an increase of $6.8 million, or 1.4 percent, compared with the year-ago period. Excluding special charges and related temporary expenses in both periods, fiscal 2013 first quarter adjusted net income was $29.6 million compared with adjusted net income of $31.6 million for the prior-year period. Adjusted diluted earnings per share (“EPS”) for the first quarter of fiscal 2013 were $0.69 compared with adjusted diluted EPS of $0.74 for the year-ago period. Additionally, adjusted diluted EPS were basically flat year over year after excluding the impact of prior year’s first quarter net miscellaneous income of $2.9 million, or $0.04 per diluted share, which was primarily attributable to currency-related gains that did not repeat this year. Net income for the first quarter of fiscal 2013 was $26.1 million, or $0.61 diluted EPS, compared with $29.9 million, or $0.70 diluted EPS, for the year-ago period. A detailed discussion of adjusted net income and adjusted diluted EPS, together with a reconciliation of these measures to the most directly comparable GAAP measure is provided below.
Vernon J. Nagel, Chairman, President, and Chief Executive Officer of Acuity Brands, commented, “Our first quarter results reflect what we believe was a lull in demand in the nonresidential construction market as well as temporary inefficiencies and costs associated with the closure of our Cochran, Georgia production facility. As indicated in our fourth quarter SEC filings, earnings release and conference call, we cautioned that end-customer demand could be inconsistent and tepid, particularly during the first half of the year, due to the weak pace of economic recovery in the U.S. and abroad. Although shipment volume increased modestly in the first quarter as compared with the year-ago period, it appeared certain customers took a "wait and see" approach surrounding the uncertainties of the outcomes of the U.S. elections and the resolution of the pending “fiscal cliff” resulting in weak demand. In spite of these market conditions, I am pleased to report that excluding the costs and inefficiencies associated with the ongoing closure process of our Cochran facility, adjusted operating profit margins remained solid at 11.2 percent. While we currently see favorable trends in our daily order rate, we still expect demand to be volatile in our second quarter, as businesses and consumers adjust their spending plans to take into account the uncertainties associated with U.S. fiscal policy and global economic concerns. We currently believe this will be followed by more stable demand in the second half of our fiscal 2013.”
First Quarter Results
The year-over-year growth in fiscal 2013 first quarter net sales was due primarily to an increase in volume, partially offset by a slightly net unfavorable change in product prices and the mix of products sold. While the increase in volume was fairly broad-based across most product categories and key sales channels in North America, the Company did observe some postponement or cancellation of certain projects. The impact on net sales from acquisitions and foreign currency was not significant. Sales of LED-based products grew by more than two-and-a-half times over the prior-year period and represented approximately 13 percent of fiscal 2013 first quarter net sales.
Fiscal 2013 first quarter gross profit margin decreased 140 basis points to 39.4 percent compared with 40.8 percent for the prior-year period. Excluding the impact of the expenses directly associated with the closing of the Cochran facility as discussed below, adjusted gross profit margin decreased 40 basis points to 40.4 percent compared with the prior-year period. The decline in adjusted gross profit margin was due primarily to an increase in expenses associated with new product introductions and higher manufacturing costs related to slight changes in the mix of products sold, partially offset by the favorable impact of increased net sales, lower material and component costs, and realized productivity improvements associated with ongoing streamlining activities.
Operating profit for the first quarter of fiscal 2013 was $48.2 million, or 10.0 percent of net sales, compared with $50.6 million, or 10.7 percent of net sales, for the prior-year period. Excluding expenses associated with the closing of the Cochran facility as discussed below, adjusted operating profit for the first quarter of fiscal 2013 was $53.7 million, a 1 percent increase over the prior-year period’s adjusted operating profit of $53.3 million. Adjusted operating profit margin for the first quarter of both fiscal 2013 and 2012 was 11.2 percent.
Fiscal 2013 first quarter results included $0.1 million of net miscellaneous expense compared with $2.9 million, or $0.04 per diluted share, of net miscellaneous income in the prior-year period. Net miscellaneous expense/income consists primarily of gains and losses resulting from the impact of exchange rates changes on foreign currency exposures, particularly those associated with the Mexican Peso.
Special Charges and Temporary Expenses Associated with Streamlining Activities
Included in the results for the first quarter of fiscal 2013 were a pre-tax special charge and temporary expenses associated with previously announced streamlining actions, primarily to close a production facility, totaling $5.5 million, or $0.08 per diluted share, as explained below. Included in the results for the first quarter of the prior year was a $2.7 million pre-tax special charge, or $0.04 per diluted share, associated with other streamlining actions.
The current year pre-tax special charge and temporary expenses totaling $5.5 million, or $0.08 per diluted share, was comprised of a pre-tax special charge of $0.7 million, or $0.01 per diluted share, and $4.8 million, or $0.07 per diluted share, of costs related to temporary manufacturing inefficiencies associated with the closing of the Cochran production facility. The special charge consisted principally of production transfer costs from the Cochran facility to other locations. The $4.8 million of manufacturing inefficiencies consisted primarily of: non-productive operating costs at the Cochran facility; expenses associated with the initial set-up of production at various facilities that have assumed the production of products previously manufactured at the Cochran facility; and incremental costs associated with production-related activities performed by third-parties that are now largely produced internally as the Company’s manufacturing capacity has since been increased to accommodate the transfer of production.
The Company expects that the closure of the Cochran facility will be principally completed by the end of the second quarter of fiscal 2013. Management forecasts that additional costs of approximately $4 million associated with the closing of the Cochran facility will be incurred in the second fiscal quarter. The costs are expected to once again be comprised of a pre-tax special charge along with temporary production inefficiencies. Assuming no further delays in obtaining government permits and approvals or in ramping-up production at the receiving facilities, management anticipates that the Cochran facility will totally cease production by the end of the second fiscal quarter and no further costs related to this streamlining effort will be incurred thereafter.
The Company estimates that the total annualized pre-tax savings associated with all streamlining activities initiated in 2012, including the closure of the Cochran facility, to be approximately $14 million of which approximately $4 million was realized in fiscal 2012. The Company realized approximately $2 million of benefits (excluding the inefficiencies noted above) in the first quarter of fiscal 2013 and expects to be at the total annualized savings run rate from the streamlining activities beginning in the third quarter of fiscal 2013 following the completion of the transfer of production and closure of the facility.
Outlook
Mr. Nagel commented, “As we look to the second quarter, typically our softest due to seasonality, we expect demand to continue to be inconsistent. Due to the recent slowdown in the rate of growth over the past several months, we believe the growth rate for the North American lighting market may be tempered somewhat to the low to mid-single digit range. We remain cautiously optimistic that we will continue to outperform the markets we serve while delivering financial results for the full fiscal year more consistent with our long-term financial objectives as identified in our recent Form 10-K.”
Mr. Nagel concluded, “We believe the lighting and lighting-related industry will experience solid growth over the next decade, particularly as energy and environmental concerns come to the forefront, and we believe we are well positioned to fully participate in this exciting industry.”
VICTORIA, BRITISH COLUMBIA, CANADA (February 28, 2013)
Carmanah Technologies (TSX: CMH) announced today that it has entered into a supply agreement with Acuity Brands, Inc. (NYSE: AYI), a leading provider of LED lighting and lighting controls. The agreement provides for the supply of Carmanah’s commercial-grade solar outdoor light engines for integration into certain luminaires produced by Acuity Brands.
“Acuity Brands has been monitoring the continual improvement in photovoltaic technology and the steady increase in LED lighting efficacy and believe these technologies collectively have hit a tipping point.” says Jeff Quinlan, Acuity Brands Lighting Vice President, New Products and Technology. “Carmanah was competitively selected from a list of North American solar lighting manufacturers, distinguishing themselves on the basis of product reliability and a broad-based capability in solar power. This is an exciting new relationship for Acuity and we look forward to our planned launch of a solar-powered lighting solution.”
“Carmanah is excited about the collaboration and pleased to see a market leader like Acuity Brands embracing solar power solutions,” says Bruce Cousins, Carmanah Technologies CEO. “The technology performs to high international standards, is economically viable versus conventionally powered lighting options, and combined with other benefits such as grid-independence, presents a compelling value proposition to customers.”
Carmanah will continue to market and support Carmanah-branded outdoor lighting solutions through its existing channels.
Carmanah Technologies (TSX: CMH) announced today that it has entered into a supply agreement with Acuity Brands, Inc. (NYSE: AYI), a leading provider of LED lighting and lighting controls. The agreement provides for the supply of Carmanah’s commercial-grade solar outdoor light engines for integration into certain luminaires produced by Acuity Brands.
“Acuity Brands has been monitoring the continual improvement in photovoltaic technology and the steady increase in LED lighting efficacy and believe these technologies collectively have hit a tipping point.” says Jeff Quinlan, Acuity Brands Lighting Vice President, New Products and Technology. “Carmanah was competitively selected from a list of North American solar lighting manufacturers, distinguishing themselves on the basis of product reliability and a broad-based capability in solar power. This is an exciting new relationship for Acuity and we look forward to our planned launch of a solar-powered lighting solution.”
“Carmanah is excited about the collaboration and pleased to see a market leader like Acuity Brands embracing solar power solutions,” says Bruce Cousins, Carmanah Technologies CEO. “The technology performs to high international standards, is economically viable versus conventionally powered lighting options, and combined with other benefits such as grid-independence, presents a compelling value proposition to customers.”
Carmanah will continue to market and support Carmanah-branded outdoor lighting solutions through its existing channels.
Zahlen per Ende August waren sehr ordentlich; allerdings ist der Kurs noch weiter nach oben gelaufen...
Trading Spotlight
bis auf ein Erinnerungsstück verkauft
Antwort auf Beitrag Nr.: 46.569.749 von R-BgO am 05.03.14 16:58:28hätte ich nicht tun sollen...
Antwort auf Beitrag Nr.: 51.009.492 von R-BgO am 04.11.15 23:47:15
291 MUSD Gewinn
21% EKR
Kurs 217 Euro
ein weiteres Rekordjahr
wurde gestern gemeldet:291 MUSD Gewinn
21% EKR
Kurs 217 Euro
Antwort auf Beitrag Nr.: 53.419.917 von R-BgO am 06.10.16 11:19:08
der Kurs ist ja deutlich rationaler geworden;
mal sehen, wie die Zahlen übermorgen ausfallen... einen ganzen "Roman"..
..zu AYI hier verfasst: https://www.wallstreet-online.de/diskussion/1131140-262141-2… --> nach unten scrollen
Gestern kamen die Jahreszahlen;
Gewinnwachstum nur noch durch niedrigere Steuern...
Gewinnwachstum nur noch durch niedrigere Steuern...
sie kaufen aggressiv Aktien zurück
heute verkauft
short-put Feb20@$120 zu $6,77 
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