Fiscal 2025 Business Highlights
We improved our financial and operating performance in fiscal 2025 and continued to create stakeholder value and compound shareholder wealth.
In Acuity Intelligent Spaces (AIS), we continued to deliver strong growth and profitability aligned to our mission of making spaces smarter, safer and greener through our strategy of connecting the edge with the cloud using disruptive technologies that leverage data interoperability.
ACUITY BRANDS LIGHTING
We renamed our Company to Acuity Inc., reflecting our evolution and aligning to our strategy of using technology to solve problems and create impactful experiences that shape how people live, work and connect.
We generated significant free cash flow and effectively allocated capital consistent with our priorities, including investing for growth in our existing businesses and allocating $68 million to capital expenditures. We invested over $1.2 billion in acquisitions, increased our dividend by 13 percent and allocated $119 million to repurchase approximately 436 thousand shares at an average price of approximately $270 per share.
We re-aligned the business into luminaires and electronics
In Acuity Brands Lighting (ABL), our financial performance was strong, and we made progress on our strategy and on our initiatives.
We invested for future growth, prioritizing new verticals where we have not historically competed or where we are under-penetrated:
We continued to enhance our product portfolio, Contractor Select™, Design Select™ and Made to Order, to create the most effective way for our end users to get what they need, when they need it, for their specific projects
in our healthcare vertical we strengthened our offering through the CARE Collection™ and through the development of our Nightingale™ range of products
across multiple verticals, we accelerated our product vitality efforts through the acquisition of M3 Innovation, LLC (M3 Innovation) and launched M3 Sports Lighting Solution by Lithonia Lighting® and Holobeam™ by Holophane®
We continued to be recognized for innovation and won several notable awards for products throughout the year including the prestigious Red Dot® Product Design awards
ACUITY INTELLIGENT SPACES
We scaled AIS to become a larger part of Acuity
We acquired and integrated QSC, an audio, video and control solutions company
We won several notable awards for our Atrius® Facilities applications, Distech Eclypse® and Q-SYS® platform