A message from Karen J. Holcom
Download the full letter
We action our strategy through EarthLIGHT to drive our transformation forward. In fiscal 2023, we continued to execute well. We grew our adjusted diluted earnings per share 10 percent year over year and generated cash flow from operations of $578 million. We continued to improve our businesses, and allocated capital effectively. I am encouraged by our progress and the value we continue to create for our stakeholders.
“
”
Karen J. Holcom
Senior Vice President and Chief Financial Officer
AYI Fiscal 2023 Performance
Diluted EPS (GAAP) Fiscal 2023
$10.76
Adjusted Diluted EPS (Non-GAAP) Fiscal 2023
$14.05
Operating Profit Margin
19%
Diluted EPS Growth
16%
Cash Flow from Operations Fiscal 2023
$578M
Net Sales Fiscal 2023
$3,952M
Senior Vice President and Chief Financial Officer
This is a non-GAAP financial measure used by the Board of Directors and management to assess the performance of the business. Fiscal 2023 Adjusted Diluted EPS is adjusted net income ($452.0M) divided by diluted fiscal 2023 weighted average shares outstanding (32.164M). Adjusted Net Income is calculated as Net Income ($346.0M), plus amortization of acquired intangible assets ($42.1M), plus share-based payment expense ($42.0M), plus supplier recovery charge ($13.0M), plus loss on a sale of a business ($11.2M), plus special charges ($26.9M) plus impairments on investment ($2.5M), minus income tax effects ($31.7M).
*
*
PDF
2023
EarthLIGHT
Report