Acuity Brands Files 10-Q, Signaling Ongoing Operations

TL;DR

**Acuity's routine 10-Q filing is a non-event, signaling business as usual in a stable market.**

AI Summary

ACUITY INC. (DE) filed its 10-Q on April 2, 2026, for the period ending February 28, 2026. The filing indicates the company's continued operations in Electric Lighting & Wiring Equipment. While specific revenue and net income figures are not provided in the given excerpt, the consistent filing of a 10-Q suggests ongoing financial activity and compliance with SEC regulations. Key business changes and strategic outlook cannot be detailed without the full financial statements. Risks typically associated with manufacturing and lighting equipment, such as supply chain disruptions or changes in building codes, are likely present. The company's CIK is 0001144215 and its business address is 1170 Peachtree Street NE, Suite 1200, Atlanta, GA 30309. The filing includes standard exhibits like EX-31.A and EX-32.A, confirming management's certifications regarding financial reporting.

Why It Matters

This routine 10-Q filing by ACUITY INC. (DE) provides transparency into the company's financial health and operational status for investors, employees, and customers. While the provided excerpt lacks specific financial data, the act of filing itself confirms ACUITY's adherence to regulatory requirements, which is crucial for maintaining investor confidence. In the competitive electric lighting and wiring equipment market, consistent financial reporting helps stakeholders assess ACUITY's stability against rivals. Employees can infer job security from continued compliance, and customers can trust in the company's ongoing viability.

Risk Assessment

Risk Level: low — The provided 10-Q filing excerpt contains no red flags or unusual disclosures, indicating a low immediate risk level. It's a standard quarterly report filed on time on April 2, 2026, with typical exhibits like EX-31.A and EX-32.A, suggesting normal operational and compliance activities for ACUITY INC. (DE).

Analyst Insight

Investors should view this filing as a confirmation of ACUITY INC. (DE)'s ongoing regulatory compliance, but without financial specifics, further due diligence into the full 10-Q document is essential to assess performance and make informed investment decisions.

Key Numbers

• 10-Q — Form Type (Quarterly report filed by ACUITY INC. (DE))
• 2026-04-02 — Filing Date (Date the 10-Q was filed with the SEC)
• 2026-02-28 — Period End Date (End of the financial period covered by the report)
• 0001144215 — CIK (Central Index Key for ACUITY INC. (DE))
• 001-16583 — File No. (SEC file number for ACUITY INC. (DE))

Key Players & Entities

• ACUITY INC. (DE) (company) — Filer of the 10-Q
• SEC (regulator) — Recipient of the 10-Q filing
• Bloomberg (company) — Publisher of the analysis
• 0001144215 (regulator) — CIK of ACUITY INC. (DE)
• 1170 Peachtree Street NE, Suite 1200, Atlanta, GA 30309 (company) — Business address of ACUITY INC. (DE)
• 2026-04-02 (date) — Filing date of the 10-Q
• 2026-02-28 (date) — Period of report end date
• 3640 (company) — SIC code for Electric Lighting & Wiring Equipment

FAQ

Industry Context

ACUITY INC. (DE) operates in the Electric Lighting & Wiring Equipment sector. This industry is characterized by its reliance on construction and renovation cycles, technological advancements in energy efficiency and smart lighting, and global supply chain dynamics. Competition can be intense, with players ranging from large multinational corporations to specialized manufacturers.

Regulatory Implications

As a publicly traded company, ACUITY INC. (DE) must adhere to stringent SEC regulations, including timely filing of reports like the 10-Q. The inclusion of exhibits EX-31.A and EX-32.A signifies management's certification of the accuracy of financial reporting, a key compliance requirement.

What Investors Should Do

1. Review full financial statements
2. Analyze management discussion and analysis (MD&A)
3. Scrutinize risk factors

Key Dates

• 2026-04-02: 10-Q Filing — Indicates the company's financial performance and operational status for the period ending February 28, 2026, demonstrating ongoing compliance with SEC reporting requirements.
• 2026-02-28: Period End Date — Marks the conclusion of the financial reporting period for which the 10-Q provides details.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC) that provides a comprehensive update on a company's financial performance and condition. (This filing provides the most recent financial information for ACUITY INC. (DE) for the specified period.)

CIK

Central Index Key, a unique identifier assigned to each entity that files with the SEC. (The CIK (0001144215) helps in precisely identifying ACUITY INC. (DE) within SEC filings.)

SIC

Standard Industrial Classification code, used to classify businesses based on their primary activity. (ACUITY INC. (DE)'s SIC code (3640) categorizes it within the Electric Lighting & Wiring Equipment industry, providing context for its business operations.)

iXBRL

Inline eXtensible Business Reporting Language, a standard for tagging financial data to make it machine-readable. (The filing includes an iXBRL version, facilitating automated analysis of ACUITY INC. (DE)'s financial data.)

Year-Over-Year Comparison

Without access to the previous 10-Q filing (for the period ending November 30, 2025, or February 28, 2025), a direct comparison of key metrics such as revenue growth, net income, margins, and debt levels cannot be performed. Similarly, any changes in risk factors or strategic outlook compared to the prior period remain unassessed.

Key Financial Figures

• $0.01 — ange on which registered Common stock, $0.01 par value per share AYI New York Stock

Filing Documents

• ayi-20260228.htm (10-Q) — 1265KB
• ayi-2282026xex31a.htm (EX-31.A) — 11KB
• ayi-2282026xex31b.htm (EX-31.B) — 10KB
• ayi-2282026xex32a.htm (EX-32.A) — 6KB
• ayi-2282026xex32b.htm (EX-32.B) — 6KB
• 0001144215-26-000021.txt ( ) — 7626KB
• ayi-20260228.xsd (EX-101.SCH) — 41KB
• ayi-20260228_cal.xml (EX-101.CAL) — 88KB
• ayi-20260228_def.xml (EX-101.DEF) — 159KB
• ayi-20260228_lab.xml (EX-101.LAB) — 558KB
• ayi-20260228_pre.xml (EX-101.PRE) — 392KB
• ayi-20260228_htm.xml (XML) — 1484KB

FINANCIAL INFORMATION

Part I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements Consolidated Balance Sheets -- February 28 , 20 26 ( Unaudited) and August 31, 2025 1 Consolidated Statements of Comprehensive Income (Unaudited) -- Three and six months ende d February 28, 2026 and February 28, 2025 2 Consolidated Statements of Cash Flows (Unaudited) -- S ix months ended February 28, 2026 and February 28, 2025 3

Notes to Consolidated Financial Statements (Unaudited)

Notes to Consolidated Financial Statements (Unaudited) 4 Note 1 — Description of Business and Basis of Presentation 4 Note 2 — Significant Accounting Policies 5 Note 3 — Acquisitions 5 Note 4 — New Accounting Pronouncements 7 Note 5 — Fair Value Measurements 8 Note 6 — Inventories 9 Note 7 — Property, Plant, and Equipment 9 Note 8 — Goodwill and Intangible Assets 9 Note 9 — Other Current Liabilities 10 Note 10 — Debt and Lines of Credit 11 Note 11 — Commitments and Contingencies 12 Note 12 — Changes in Stockholders' Equity 13 Note 13 — Revenue 14 Note 14 — Share-based Payments 15 Note 15 — Pension Plans 15 Note 16 — Special Charges 16 Note 17 — Other Expense 16 Note 18 — Earnings Per Share 17 Note 19 — Comprehensive Income 17 Note 20 — Segment Information 18 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 30

OTHER INFORMATION

Part II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 31 Item 1A.

Risk Factors

Risk Factors 31 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 31 Item 5. Other Information 31 Item 6. Exhibits 31 INDEX TO EXHIBITS 32

SIGNATURES

SIGNATURES 33 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements ACUITY INC. 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 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. 1 Table of Contents ACUITY INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Note 1 — Description of Business and Basis of Presentation Acuity Inc. (referred to herein as "we," "our," "us," the "Company," or similar references) is a market-leading industrial technology company. We use technology to solve problems in spaces, light, and more things to come. Through our two business segments, Acuity Brands Lighting ("ABL") and Acuity Intelligent Spaces ("AIS"), we design, manufacture, and bring to market products and services that make a valuable difference in people's lives. We achieve growth through the development of innovative new products and services, including lighting, lighting controls, building management solutions, and an audio, video, and control platform. We focus on customer outcomes and drive growth and productivity to increase market share and deliver superior returns. We look to aggressively deploy capital to grow the business and to enter attractive new verticals. Acuity Brands Lighting Segment Our mission at ABL is to provide sustainable and intelligent lighting solutions that enrich communities where people live, learn, work, and play. Our strategy is to increase product vitality, elevate service levels, use technology to improve and differentiate both our products and how we operate the business, and drive productivity. At ABL, our offering combines luminaires with advanced electronics. Our luminaires deliver performance and aesthetic appeal, while our electronics portfolio, featuring drivers and a leading controls platform, provides connectivity and functionality. ABL's portfolio of products includes, but is not limited to the following brands: Aculux TM , American Electric Lighting , Cyclone TM , Dark to Light , eldoLED , Eureka , Fresco TM , Gotham , Healthcare Lighting , Holophane , Hydrel , IOTA , Juno , Lithonia Lighting , Luminaire LED TM , Luminis , Mark Architectural Lighting TM , Nightingale TM , nLight , Peerless , RELOC Wiring Solutions, and SensorSwitc

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 2025, and our consolidated cash flows for the six months ended February 28, 2026 and February 28, 2025. Certain information and footnote disclosures normally included in our annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. However, we believe that the disclosures included herein are adequate to make the information presented not misleading. These financial statements should be read in conjunction with the audited consolidated financial statements as of and for the three years in the period ended August 31, 2025 and notes thereto included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on October 27, 2025 ("Form 10-K"). Our business exhibits some seasonality, with net sales being affected by weather and seasonal demand on construction and installation programs, particularly during the winter months, as well as the annual budget cycles of major customers. Historically, with certain exceptions, we have experienced our highest sales in the last two quarters of each fiscal year due to these factors. Note 2 — Significant Accounting Policies Use of Estimates The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates. Reclassifications We may reclassify certain prior period amounts to conform to the current year presentation. No material reclassifications occurred during the current period. Note 3 — Acquisitions QSC, LLC On January 1, 2025, we acquired all of the equity interests of QSC, LLC ("QSC"), a leader in the design, engineering, and manufacturi

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) The following table outlines the final fair values of the assets and liabilities obtained in connection with the QSC acquisition as of January 1, 2025 (in millions): Purchase Price Allocation Consideration transferred: Cash consideration $ 1,240.7 Identifiable assets: Intangible assets 713.9 Inventories 101.9 Property, plant, and equipment 28.4 Operating lease right-of-use assets 24.2 Accounts receivable 55.7 Cash and cash equivalents 51.3 Other assets 45.8 Total identifiable assets 1,021.2 Liabilities assumed: Accounts payable 32.6 Operating lease liabilities 24.2 Deferred tax liabilities 17.6 Other liabilities 100.7 Total liabilities assumed 175.1 Total identifiable net assets 846.1 Goodwill $ 394.6 The final fair values and useful lives of identifiable intangible assets as of January 1, 2025 are as follows: Weighted Average Useful Life (Years) Fair Value (in millions) Developed technology and patents (1) 10 $ 434.0 Customer relationships 19 145.0 Trademarks 18 133.0 Other 1 1.9 Total identifiable intangible assets 13 $ 713.9 ____________________________________ (1) Substantially all of the developed technology intangible assets relates to Q-SYS, an audio, video, and control platform. Assets and liabilities for QSC have been reflected in the Consolidated Balance Sheets since the acquisition date. The goodwill is recorded in the AIS segment, and it is primarily comprised of benefits related to the expansion of AIS' technology and audio, video, and control solution product portfolios. Approximately $ 350.0 million of the goodwill is deductible for tax purposes. The operating results of QSC have been included in our consolidated financial statements since the date of acquisition. The following table provides the amount of QSC net sales and net income included within our consolidated financial statements for fiscal 2025 since the acquisition date (in millions): February 28,

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) We have included unaudited pro forma financial information for fiscal 2025 to show the impacts of the QSC acquisition to our consolidated results assuming the acquisition closed as of the first day of fiscal 2024. The unaudited pro forma information is not necessarily indicative of our results of operations had the acquisition been completed on this date, neither is it necessarily indicative of our future results. Amounts in the table below combine our previously reported results with QSC's results for the corresponding periods as well as adjustments for purchase accounting, accounting policy alignments, changes to our capital structure, including additional interest expense associated with borrowings to fund the acquisition, and other nonrecurring items that were incurred in connection with the acquisition, assuming they occurred as of September 1, 2023 (in millions): Quarter-to-Date Year-to-Date February 28, 2025 February 28, 2025 Revenue $ 1,059.4 $ 2,158.6 Net income 98.2 208.8 Note 4 — New Accounting Pronouncements Accounting Standards Yet to Be Adopted Accounting Standards Update ( " ASU " ) 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software ( " ASU 2025-06 " ) In September 2025, the Financial Accounting Standards Board ("FASB") issued ASU 2025-06, which modernizes the accounting for internal-use software costs by aligning the guidance with incremental and iterative software development methods used today. The amendment removes all references to development stages and requires capitalization of software costs to begin once management approves funds for the project and it is probable the software will be completed and used as intended. The amendment may be applied prospectively, retrospectively, or using a modified prospective approach, and early adoption is permitted. ASU 2025-06 is effective for

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Note 5 — Fair Value Measurements We determine fair value measurements based on the assumptions a market participant would use in pricing an asset or liability. ASC Topic 820, Fair Value Measurement ("ASC 820"), establishes a three-level hierarchy that distinguishes between market participant assumptions based on (i) unadjusted quoted prices for identical assets or liabilities in an active market (Level 1), (ii) quoted prices in markets that are not active or inputs that are observable either directly or indirectly for substantially the full term of the asset or liability (Level 2), and (iii) prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement (Level 3). We utilize valuation methodologies to determine the fair values of our financial assets and liabilities in conformity with the concepts of "exit price" and the fair value hierarchy as prescribed in ASC 820. All valuation methods and assumptions are validated at least quarterly to ensure the accuracy and relevance of the fair values. There were no material changes to the valuation methods or assumptions used to determine fair values during the current period. No transfers between the levels of the fair value hierarchy occurred during the current fiscal period. In the event of a transfer in or out of a level within the fair value hierarchy, the transfers would be recognized on the date of occurrence. We may from time to time be required to remeasure the carrying value of certain assets and liabilities to fair value on a nonrecurring basis. Such adjustments typically arise if we determine that certain of our assets are impaired. Financial Instruments Recorded at Fair Value The following table summarizes balances and the fair value hierarchy level of our financial instruments recorded at fair value on a recurring basis as of the dates presented (in millions): February 28, 2026 Aug

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) and other risks, the fair values of all assets

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