Acuity Inc. Posts $217.3M Net Income in H1 FY2026, Up 18% Year-Over-Year

Acuity Inc., a market-leading industrial technology company focused on lighting and building management solutions, reported net income of $217.3 million for the six months ending February 28, 2026, compared with $184.2 million in the same period a year earlier. Diluted earnings per share rose to $6.91 from $5.80. Read more earnings reports.

Revenue for the half-year period climbed 12% to $2.20 billion from $1.96 billion. The company's Acuity Brands Lighting segment generated $1.71 billion in revenue, down 1% from $1.73 billion in the prior year. The Intelligent Spaces Group, which includes building management and data analytics, posted revenue of $505.5 million, more than doubling from $245.0 million a year earlier.

For the three months ending February 28, 2026, net income reached $96.8 million, up 25% from $77.5 million in the year-ago quarter. Quarterly revenue rose 5% to $1.06 billion from $1.01 billion. Diluted earnings per share for the quarter were $3.09, compared with $2.45.

Operating income for the six-month period totaled $293.4 million versus $243.5 million a year earlier. Gross profit margin improved to 48.8% from 46.9%. The company reported cost of goods sold of $1.13 billion, up from $1.04 billion in the prior-year period.

Cash from operations for the half-year reached $229.9 million, up from $191.6 million. The company used $342.0 million in financing activities, primarily to reduce long-term debt, which fell to $697.1 million at February 28, 2026, from $896.8 million at the end of fiscal 2025. Capital expenditures totaled $42.6 million.

Total assets declined to $4.56 billion from $4.76 billion at August 31, 2025. Cash and equivalents stood at $272.5 million, down from $422.5 million. Stockholders' equity increased to $2.84 billion from $2.72 billion. The company paid dividends of $11.6 million during the six-month period.

Accounts receivable fell to $579.0 million from $593.9 million at fiscal year-end, while inventory declined to $515.2 million from $526.7 million. Accounts payable decreased to $354.6 million from $454.5 million.