About Acuity Brands Inc

Acuity Brands, Inc. operates as a market-leading industrial technology company. The company uses technology to solve problems in spaces and light. The company designs, manufactures, and brings to market products and services that make a valuable difference in people's lives. The company achieves growth through the development of innovative new products and services, including lighting, lighting controls, building management solutions, and location-aware applications. The company's lighting and building technology solutions are sold to customers in both the new construction, as well as renovation and retrofit markets for residential and non-residential applications. Segments The company operates through two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). ABL The company's ABL strategy is to increase product vitality, improve service levels, use technology to improve and differentiate both its products and its services, and drive productivity. ABL's portfolio of lighting solutions includes commercial, architectural, and specialty lighting in addition to lighting controls and components that can be combined to create integrated lighting controls systems. The company offers devices, such as luminaires that predominantly utilize light emitting diode (LED) technology designed to optimize energy efficiency and comfort for various indoor and outdoor applications. ABL's portfolio of products includes but is not limited to the following brands: A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOC Wiring Solutions, and Sensor Switch. Principal customers of ABL include electrical distributors, retail home improvement centers, electric utilities, national accounts, original equipment manufacturer (OEM) customers, digital retailers, lighting showrooms, and energy service companies. The company's customers are located in North America and select international markets that serve new construction, renovation and retrofit, and maintenance and repair applications. ABL's lighting and lighting controls solutions are sold primarily through a network of independent sales agencies that cover specific geographic areas and market channels, by internal sales representatives, through consumer retail channels, directly to large corporate accounts, and directly to OEM customers. Products are delivered directly from the company's manufacturing facilities or through a network of distribution centers, regional warehouses, and commercial warehouses using both common carriers and an internally-managed truck fleet. The company markets its product portfolio and service capabilities to customers and/or end users in multiple channels through a broad spectrum of marketing and promotional methods, including direct customer contact, trade shows, on-site training, print and digital advertising in industry publications, product brochures, and other literature, as well as through digital marketing and social media. The company operates training and education facilities in several locations throughout North America and Europe designed to enhance the lighting knowledge of customers and industry professionals. ISG The company's ISG strategy is to make spaces smarter, safer, and greener by connecting the edge to the cloud. ISG offers building management solutions and building management software. The company's building management solutions include products for controlling heating, ventilation, air conditioning (HVAC); lighting; shades; refrigeration; and building access that deliver end-to-end optimization of those building systems. The company's intelligent building software enhances the occupant experience, improves building system management, and automates labor intensive tasks while delivering operational energy efficiency and cost reductions. Through a connected and converged building system architecture, the company's software delivers different applications, allows clients to upgrade over time with natural refresh cycles, and deploys new capabilities. Customers of ISG primarily include system integrators, as well as retail stores, airports, and enterprise campuses throughout North America and select international locations. ISG products and solutions are marketed under multiple brand names, including but not limited to, Atrius, Distech Controls, and KE2 Therm Solutions. Research and Development For the fiscal year ended August 31, 2023, the company's research and development expenses were $97.1 million. Seasonality The company's business exhibits some seasonality, with net sales being affected by weather and seasonal demand on construction and installation programs, particularly during the winter months, as well as the annual budget cycles of major customers. Historically, with certain exceptions, the company has experienced its highest sales in the last two quarters of each fiscal year (year ended August 31, 2023) due to these factors. Intellectual Property As of August 31, 2023, the company had approximately 1,600 total patent assets, including issued United States and foreign patents, as well as pending United States and foreign patent applications. Regulations The company is subject to various federal, state, and local laws and regulations that impose increasingly complex, stringent and costly compliance activities. These laws and regulations include but are not limited to, the Clean Air Act and the Toxic Substances Control Act; the Clean Water Act; the Safe Harbor data privacy program between the U.S. and European Union; the United States-Mexico-Canada-Free Trade Agreement (USMCA); regulations from the Occupational Safety and Health Administration agency; the European Union's General Data Protection Regulation; California's Consumer Privacy Act and Connected Device Privacy Act; the Civil Rights Act of 1964 and other federal and state labor and employment laws and regulations; the U.S. Foreign Corrupt Practices Act (the FCPA); and the U.K. Bribery Act. History Acuity Brands, Inc. was incorporated in 2001 under the laws of the state of Delaware.

Country
Industry:
Electric lighting and wiring equipment
Founded:
2001
IPO Date:
11/14/2001
ISIN Number:
I_US00508Y1029
Address:
1170 Peachtree Street, N.E., Suite 1200, Atlanta, Georgia, 30309-7673, United States
Phone Number
404-853-1400

Key Executives

CEO:
Ashe, Neil
CFO
Holcom, Karen
COO:
Data Unavailable