Acuity brands reports q4 earnings per share $2.42

Acuity brands reports fiscal 2019 fourth quarter and full-year results.q4 earnings per share $2.42.q4 sales $938.1 million versus refinitiv ibes estimate of $1.03 billion.q4 earnings per share estimate $2.81 -- refinitiv ibes data.q4 adjusted earnings per share $2.75.remain cautious about overall market conditions within lighting industry for fiscal 2020.believe 2020 q1 net sales could be down in mid-to-high single-digit percentage range compared with q1 of fiscal 2019.expect market demand for lighting products to remain sluggish until there is more clarity regarding these global trade issues.acuity brands - q4 results reflect benefit of price increases implemented to help offset impact of tariffs & inflationary cost pressures.expects fiscal 2020 capital expenditures will approximate 1.7 percent of net sales.believe q1 net sales could be down in part due to pull forward of orders by customers in advance of announced price increases.acuity -q4 results reflect price increases implemented to reduce exposure to products whose profitability has been most negatively impacted by tariffs.acuity brands - believe q1 net sales could be down in part due to efforts to reduce exposure to products negatively impacted by tariffs.
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