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Summary: Acuity Brands Inc. Aug 02 Product Image

Summary: Acuity Brands Inc. Aug 02

  • Published: August 2002
  • Standard & Poors

FEATURED COMPANIES

Abstract
The ratings reflect Acuity Brands Inc.'s solid business positions and temporarily sub-par financial profile. A leading domestic maker of lighting fixtures and cleaning chemicals, the firm has brand-name products and serves a diverse market and customer base. A sizable portion of sales goes to the replacement and retrofits markets, or is consumed in use. These characteristics should enable the firm to limit cyclical exposure and cash flow volatility. Nonetheless, for the nine months of fiscal 2002 (period ended May 31, 2002) net income, adjusted for the loss on the sale of a business and adding back goodwill amortization to 2001 results, fell by 31% compared with the same prior year period. The decline was mostly caused by a drop in...

Companies mentioned in this report are: Acuity Brands Inc.
Action: Affirmed

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Acuity Brands Inc.

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