Acuity Inc

AYI: XNYS (USA)
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Acuity: Self-Help Initiatives Defend Lighting Margins, While Intelligent Spaces Investments Shine

Acuity grew its overall top line by 2% year on year to $1.2 billion during the third quarter, even as adjusted operating margin declined 10 basis points compared with the prior year. The decline was driven by a 60-basis-point margin headwind in lighting, mostly on volume deleverage from lower sales.

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