Intelligent Spaces Segment Drives Acuity Profits

Acuity Brands, Inc. had net sales of $943.6 million in the second quarter of fiscal 2023, an increase of 3.8 per cent compared to net sales of $909.1 million in the second quarter of fiscal 2022. The lighting and lighting controls segment had net sales of $890.8 million, up 3.2 per cent year over year. Operating profit for the segment was $123.6 million, up 6.1 per cent over the same period in 2022. The intelligent spaces group segment had net sales of $58.2 million in the quarter, an increase of 16.4 per cent over the prior year period. Operating profit for the segment was $6.3 million, an increase of 425 per cent compared to operating profit of $1.2 million the previous year. Overall operating profit was $111.5 million in the second quarter, up nine per cent compared to operating profit of $102.3 million last year.