ACUITY INC. (DE)
For the period ended Feb 28, 2026. Filed Apr 2, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Feb 28, 2026 · Filed Apr 2, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets --Unaudited) and August 31, 2025
Item 1. Financial Statements
CONSOLIDATED BALANCE SHEETS
(In millions, except per-share data)
| February 28, 2026 | August 31, 2025 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $272.5 | $422.5 |
| Accounts receivable, less reserve for doubtful accounts of $6.3 and $4.3, respectively | 579.0 | 593.9 |
| Inventories | 515.2 | 526.7 |
| Prepayments and other current assets | 138.5 | 108.4 |
| Total current assets | 1,505.2 | 1,651.5 |
| Property, plant, and equipment, net | 350.3 | 343.2 |
| Operating lease right-of-use assets | 101.9 | 97.4 |
| Goodwill | 1,497.4 | 1,495.5 |
| Intangible assets, net | 1,056.4 | 1,099.0 |
| Deferred income taxes | 3.2 | 23.4 |
| Other long-term assets | 44.1 | 45.2 |
| Total assets | $4,558.5 | $4,755.2 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $354.6 | $454.5 |
| Current operating lease liabilities | 26.3 | 23.3 |
| Accrued compensation | 106.2 | 110.0 |
| Other current liabilities | 241.0 | 258.0 |
| Total current liabilities | 728.1 | 845.8 |
| Long-term debt | 697.1 | 896.8 |
| Long-term operating lease liabilities | 84.8 | 84.3 |
| Accrued pension liabilities | 39.9 | 39.2 |
| Deferred income taxes | 27.2 | 24.9 |
| Other long-term liabilities | 140.6 | 139.3 |
| Total liabilities | 1,717.7 | 2,030.3 |
| Commitments and contingencies (see Commitments and Contingencies footnote) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value per share; 50.0 shares authorized; none issued | — | — |
| Common stock, $0.01 par value per share; 500.0 shares authorized; 55.0 and 54.9 shares issued, respectively | 0.6 | 0.5 |
| Paid-in capital | 1,164.5 | 1,164.7 |
| Retained earnings | 4,491.5 | 4,285.8 |
| Accumulated other comprehensive loss | (60.7) | (76.5) |
| Treasury stock, at cost, of 24.5 and 24.2 shares, respectively | (2,755.1) | (2,649.6) |
| Total stockholders’ equity | 2,840.8 | 2,724.9 |
| Total liabilities and stockholders’ equity | $4,558.5 | $4,755.2 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
(In millions, except per-share data)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| February 28, 2026 | February 28, 2025 | February 28, 2026 | February 28, 2025 | |
| Net sales | $1,055.7 | $1,006.3 | $2,199.4 | $1,957.9 |
| Cost of products sold | 535.3 | 538.3 | 1,125.2 | 1,040.6 |
| Gross profit | 520.4 | 468.0 | 1,074.2 | 917.3 |
| Selling, distribution, and administrative expenses | 381.5 | 357.8 | 774.9 | 673.8 |
| Special charges | 5.9 | — | 5.9 | — |
| Operating profit | 133.0 | 110.2 | 293.4 | 243.5 |
| Other expense (income): | ||||
| Interest expense, net | 7.0 | 6.9 | 15.4 | 2.9 |
| Miscellaneous expense, net | 3.1 | 1.0 | 2.5 | 3.5 |
| Total other expense | 10.1 | 7.9 | 17.9 | 6.4 |
| Income before income taxes | 122.9 | 102.3 | 275.5 | 237.1 |
| Income tax expense | 26.1 | 24.8 | 58.2 | 52.9 |
| Net income | $96.8 | $77.5 | $217.3 | $184.2 |
| Earnings per share(1): | ||||
| Basic earnings per share | $3.16 | $2.50 | $7.09 | $5.95 |
| Basic weighted average number of shares outstanding | 30.630 | 30.999 | 30.660 | 30.957 |
| Diluted earnings per share | $3.09 | $2.45 | $6.91 | $5.80 |
| Diluted weighted average number of shares outstanding | 31.362 | 31.700 | 31.454 | 31.742 |
| Dividends declared per share | $0.20 | $0.17 | $0.37 | $0.32 |
| Comprehensive income: | ||||
| Net income | $96.8 | $77.5 | $217.3 | $184.2 |
| Other comprehensive income (loss) items: | ||||
| Foreign currency translation adjustments | 20.4 | (11.7) | 15.3 | (29.0) |
| Defined benefit plans, net of tax | 0.3 | 0.5 | 0.5 | 1.0 |
| Other comprehensive income (loss) items, net of tax | 20.7 | (11.2) | 15.8 | (28.0) |
| Comprehensive income | $117.5 | $66.3 | $233.1 | $156.2 |
(1) Earnings per share is calculated using unrounded numbers. Amounts in the table may not recalculate exactly due to rounding.
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