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1170 Peachtree Street Ne

Atlanta, GA 30309-7676

USA

Phone

404.853.1400

Company Information

Company Information
Industry	Electronic Instrumentation & Controls

# of Employees	10000

Ownership	Public Company

SIC Code	6719

Company Security Requirements	1. Very High

Company Storage Requirements	1. Very High

Fortune 1000 Rank	769

Description

Acuity Brands, Inc., with fiscal year 2005 net sales of approximately $2.2 billion, is comprised of Acuity Brands Lighting and Acuity Specialty Products. Acuity Brands Lighting is one of the world’s leading providers of lighting fixtures and includes brands such as Lithonia Lighting®, Holophane®, Peerless®, Hydrel®, American Electric Lighting®, and Gotham®. Acuity Specialty Products is a leading provider of specialty chemicals and includes brands such as Zep®, Zep Commercial®, Enforcer®, and Selig™. Headquartered in Atlanta, Georgia, Acuity Brands employs approximately 10,000 people and has operations throughout North America and in Europe and Asia.

Top Executives

Executive Name	Title
Honeycutt, Kenneth	Executive Vice President
Kernan, Jeff	Exec. Vice President & Chief Supply Chain Officer
Morgan, John	Executive Vice President
Murphy, Kenyon	Executive Vice President, Chief Administrative Officer, General Counsel
Nagel, Vernon	Chairman Of The Board, President, Chief Executive Officer
Reece, Richard	Chief Financial Officer, Executive Vice President

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Recent Company Events

Date	Type of Event	Details
2008-01-08	Earnings/Dividends	ATLANTA--(BUSINESS WIRE)--Acuity Brands, Inc. (NYSE: AYI) today announced results for the first quarter of fiscal 2008, including a 37 percent increase in adjusted diluted earnings per share (EPS) from continuing operations to $0.93 compared with $0.68 for the prior year period. Adjusted diluted EPS for the first quarter of fiscal 2008 excludes a $14.6 million pre-tax special charge, or $0.21 per diluted share, as explained below. Net sales for the first quarter of fiscal 2008 increased 6.6 percent to a record $508.9 million compared with $477.6 million for the year-ago period. The results for both periods exclude the specialty chemicals business, which was spun off to the shareholders of Acuity Brands on October 31, 2007 as Zep Inc. The historical results of the specialty chemicals business are now reported in discontinued operations of the Company. Vernon J. Nagel, Chairman, President, and Chief Executive Officer of Acuity Brands said, "We are very pleased to report record quarterly results from continuing operations excluding the special charge for the first quarter. This is our 11th quarter in a row of quarter-over-quarter record results. Our strong first quarter performance reflects the benefits from programs implemented to create greater value for our customers, to invest in our associates to be more customer-focused and productive, and to more effectively deploy our assets to generate greater returns for our stakeholders. Income from continuing operations in the first quarter of fiscal 2008, which includes the special charge, was $30.9 million, or $0.72 per diluted share, compared to the prior years first quarter income from continuing operations of $29.5 million, or $0.68 per diluted share. The $14.6 million ($0.21 per diluted share) special charge included in fiscal 2008 first quarter income from continuing operations is related to recent and planned actions to streamline and simplify the Companys organizational structure and operations as a result of the spin-off of Zep Inc, including eliminating most of the corporate office space. The Company expects to realize annual cost savings of approximately $14 million as a result of its reorganization efforts. While the Company expects to realize benefits from a more simplified organization throughout the remainder of fiscal 2008, the full benefits are expected to be realized beginning in the first quarter of fiscal 2009. The year-over-year increase in net sales reflects a more favorable mix of products sold and more favorable pricing as well as unit volume growth in shipments of non-residential lighting fixtures, partially offset by a decline in sales of residential fixtures and related products. Additionally, net sales from the recent acquisition of Mark Architectural Lighting contributed 1.2 percentage points of year-over-year growth in net sales. Operating profit for the first quarter of fiscal 2008 was $54.9 million, or 10.8 percent of net sales. Excluding the special charge, adjusted operating profit for the first quarter of fiscal 2008 was $69.5 million, or 13.7 percent of net sales. The year-over-year 250 basis point improvement in the adjusted operating profit margin was due primarily to a better mix of products sold driven by new products, more favorable pricing, incremental profit contribution on unit volume growth, and improved productivity. Acuity Brands completed the spin-off of Zep Inc. (the business formerly known as Acuity Specialty Products) on October 31, 2007. Therefore, the Company reflects the results of Zep Inc. as a discontinued operation reported as a one-line item on the income statement. For the first quarter of fiscal 2008, the Company reported income from discontinued operations of $0.1 million, or effectively no impact on diluted earnings per share, compared to the prior years first quarter income of $4.1 million, or $0.09 per diluted share. Income from discontinued operations for the first quarter of fiscal 2008 includes non

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