Acuity Inc. (AYI) Stock Surges on Strong Q3 Earnings and Dividend Hike

Acuity Inc. shares rallied 7.42% to $308.83 following robust third-quarter results, with net sales climbing 22% year-over-year to $1.2 billion. Adjusted earnings per share jumped 23.4% to $5.12, overshadowing a 14% decline in reported EPS due to restructuring charges.

The lighting manufacturer's adjusted operating profit surged 33% to $222 million despite GAAP pressures from brand rationalization costs. Its AIS segment delivered explosive 249% revenue growth, while the ABL division saw modest 2.7% gains.

Shareholders received a 13% dividend increase as the company deployed $91.3 million in stock buybacks and completed two strategic acquisitions during the quarter. The results demonstrate resilient demand across Acuity's lighting and intelligent spaces businesses amid ongoing portfolio optimization.