Acuity brands reports fiscal 2023 third-quarter results

Improved operating profit margin 80 basis points over the prior year and adjusted operating profit margin 100 basis points over the prior year grew diluted eps and adjusted diluted eps 7 percent over the prior year generated strong cash flow from operations and allocated capital to the acquisition of ke2 therm and the continued repurchasing of outstanding shares atlanta, june 29, 2023 (globe newswire) -- acuity brands, inc. (nyse: ayi) (the "company"), a market-leading industrial technology company, announced net sales of $1.0 billion in the third quarter of fiscal 2023 ended may 31, 2023, a decrease of 5.7 percent, or $60.3 million compared to the prior year. "in the third quarter of fiscal 2023, we expanded adjusted operating profit margin both sequentially and year-over-year.
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