ATLANTA — Acuity Inc. (“Acuity”) delivered net sales of $1.1 billion in the first quarter of fiscal 2026 ended November 30, 2025, an increase of $192.1 million, or 20.2 percent, compared to the prior year.
“We delivered strong performance in our first quarter of fiscal 2026,” stated Neil Ashe, Chairman, President and Chief Executive Officer of Acuity Inc. “We grew net sales, we expanded our adjusted operating profit and adjusted operating profit margin, and we increased our adjusted diluted earnings per share. We generated strong cash flow and allocated capital effectively.”
Operating profit was $160.4 million in the first quarter of fiscal 2026, an increase of $27.1 million, or 20.3 percent, compared to the prior year. Operating profit as a percent of net sales was 14.0 percent in the first quarter of fiscal 2026, flat compared to the prior year. Adjusted operating profit was $196.3 million in the first quarter of fiscal 2026, an increase of $37.6 million, or 23.7 percent, compared to the prior year. Adjusted operating profit as a percent of net sales was 17.2 percent in the first quarter of fiscal 2026, an increase of 50 basis points compared to the prior year.
Diluted earnings per share was $3.82 in the first quarter of fiscal 2026, an increase of $0.47, or 14.0 percent, compared to the prior year. Adjusted diluted earnings per share was $4.69 in the first quarter of fiscal 2026, an increase of $0.72, or 18.1 percent.
Segment Performance
Acuity Brands Lighting (“ABL”)
ABL generated net sales of $895.1 million in the first quarter of fiscal 2026, an increase of $9.1 million, or 1.0 percent, compared to the prior year.
Operating profit was $149.0 million in the first quarter of fiscal 2026, an increase of $5.7 million, or 4.0 percent, compared to the prior year. Operating profit as a percent of ABL net sales was 16.6 percent in the first quarter of fiscal 2026, an increase of 40 basis points compared to the prior year. Adjusted operating profit was $159.8 million in the first quarter of fiscal 2026, an increase of $6.3 million, or 4.1 percent, compared to the prior year. Adjusted operating profit as a percent of ABL net sales was 17.9 percent in the first quarter of fiscal 2026, an increase of 60 basis points compared to the prior year.
Acuity Intelligent Spaces (“AIS”)
AIS generated net sales of $257.4 million in the first quarter of fiscal 2026, an increase of $183.9 million, compared to the prior year. Included in fiscal 2026 net sales are three months of QSC performance.
Operating profit was $37.0 million in the first quarter of fiscal 2026, an increase of $26.2 million compared to the prior year. Operating profit as a percent of AIS net sales was 14.4 percent in the first quarter of fiscal 2026, a decrease of 30 basis points compared to the prior year. Adjusted operating profit was $56.6 million in the first quarter of fiscal 2026, an increase of $41.2 million compared to the prior year. Adjusted operating profit as a percent of AIS net sales was 22.0 percent in the first quarter of fiscal 2026, an increase of 100 basis points compared to the prior year.
Cash Flow and Capital Allocation
Net cash from operating activities was $140.8 million for the first three months of fiscal 2026. During the quarter, we repurchased approximately 77,000 shares of common stock for around $28 million, and repaid $100.0 million of term-loan borrowings.
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