Sales exceed 25 billion! Us lighting company Acuity Brands announces Q4 and annual results in fiscal year 2018

A few days ago, the US lighting company Acuity Brands announced the fourth quarter of fiscal year 2018 and its annual earnings report.

In the fourth quarter of fiscal year 2018, net sales amounted to US $1 billion 60 million (about 7 billion 280 million yuan), an increase of 11% over the same period last year. Operating profit was 142 million US dollars (about 975 million yuan), compared with 153 million US dollars last year (about 1 billion 50 million yuan). Net income was US $108 million (about 742 million yuan), an increase of about 20% over the same period last year. Diluted earnings per share (EPS) was $2.70 (about 18.6 yuan), an increase of about 26% compared with the same period last year.

In the 2018 fiscal year, net sales amounted to US $3 billion 680 million (about 25 billion 390 million yuan), an increase of 5% over last year. In the 2018 fiscal year, the operating profit was US $455 million (about 3 billion 140 million yuan), net income 350 million US dollars (about 2 billion 415 million yuan), diluted earnings per share (EPS) was US $8.52 (about 58.78 yuan).

Acuity Brands chairman, chief executive officer and chief executive officer Vernon J. Nagel said: "our performance in the fourth quarter is steady, especially in the challenging lighting market, large-scale commercial projects are still weak, and investment costs have risen sharply. Net sales increased by 11%, showing strong performance, mainly driven by sales growth of our Contractor Select product portfolio, Atrius lighting and Holophane solutions. Overall, our net sales in most channels and regions have achieved a healthy growth. This is the first time in history that we have achieved quarterly net sales of more than US $1 billion.

"The most important factors that affect our fourth quarter operating profit and net profit are changes in prices and the higher cost of electronic components, freight, wages and certain commodity related items, such as steel," Nagel added. Due to several economic factors, including the previously announced and implemented tariffs and wage inflation caused by labor market tensions, many input costs increased significantly in the fourth quarter. The recent Acuity Brands announcement of higher product prices is expected to recoup these higher costs, but there is a lag between the cost of high costs and the gains from rising sales prices.

For the 2019 fiscal year, Vernon J. Nagel is cautiously optimistic.

"We are cautiously optimistic about fiscal year 2019," Nagel said. The third party forecasts and leading indicators show that the growth of the North American lighting market, the main market of the company, is expected to reach a low single digit figure in fiscal year 2019. "We have taken some actions in the past few months, which we believe will offset most of the recent cost pressures of inflation." we still believe that lighting and lighting are related. Industry and building management systems have the potential to achieve steady growth in the next ten years. We believe that we have unique advantages in fully participating in this exciting industry. " (compile: LED net James)

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