Acuity Brands, Inc. (NYSE:AYI) reported its Q4 results, with EPS of $3.95 coming in better than the Street estimate of $3.61. Revenue was $1.11 billion, compared to the Street estimate of $1.08 billion.
Contractor Select continues to outgrow the broader portfolio, launched a few years ago to revitalize (cost, form factors, quality, manufacturability) the most important everyday lighting and control products as a key foundational portfolio layer into channels.
The company also notes product vitality ranging 20—30% of sales (NPIs, improvements to existing), dramatically improved vs. a few years back; combined with more differentiated service level competitive separation (supplier of year awards from two largest industry buying groups) and industry-best channel positions, notes improved balance to drive volume/price/mix runways.