Acuity Brands, Inc. (NYSE:AYI) reported its Q3 results, with a strong upside to expectations for revenue, operating margin, and earnings.
Q3 EPS came in at $3.52, better than the Street estimate of $2.96. Revenue was $1.1 billion, beating the Street estimate of $985.42 million.
The quarter was also highlighted by continued aggressive share repurchase (5% of outstanding shares) and continued low financial leverage.