We delivered another record financial performance.
(in millions of dollars, except earnings per share) | for the year ended August 31 | ||
---|---|---|---|
Operations |
2015(1) |
2014(2) |
% Change |
Net sales | $2,706.7 | $2,393.5 | 13% |
Gross profit % | 42.3% | 40.9% | |
Operating profit | $376.3 | $299.1 | 26% |
Operating profit % | 13.9% | 12.5% | |
Net Income | $222.1 | $175.8 | 26% |
Diluted earnings per share | $5.09 | $4.05 | 26% |
Diluted weighted average number of shares outstanding (in millions) | 43.4 | 43.0 | |
Return on average shareholders’ equity | 17.7% | 16.3% | 9% |
Cash provided by operating activities | $288.9 | $233.1 | 24% |
Depreciation and amortization | $45.8 | $43.4 | 6% |
Capital expenditures | $56.5 | $35.3 | 60% |
Financial Position |
2015(1) |
2014(2) |
% Change |
Total assets | $2,430 | $2,166 | 12% |
Total cash | $757 | $553 | 37% |
Total debt | $352 | $352 | — |
Total stockholders’ equity | $1,360 | $1,164 | 17% |
Ratio of total debt to capital | 20.6% | 23.2% | |
Operating working capital as a percentage of net sales(3) | 12.0% | 12.5% |
(1) 2015 results include a net special charge associated with streamlining activities of $12.4 million, or $0.19 diluted share, as well as non-tax deductible acquisition-related professional fees of $3.2 million, or $0.08 diluted share, and a net loss of $2.6 million, or $0.03 diluted share, associated with financial instruments to hedge the foreign currency exposure related to the acquisition of Canadian-based Distech Controls, Inc.
(2) 2014 results include pre-tax fraud-related recoveries of $5.8 million, or $0.08 per diluted share, that partially offset the $8.1 million pre-tax loss incurred in fiscal 2013 as a result of fraud perpetrated at a freight payment and audit service firm formerly retained by the Company.
(3) Operating working capital is defined as net receivables plus inventories minus accounts payable.
Margins
Free Cash Flow is defined as cash provided by operating
activities minus purchases of property, plant, and equipment.
Among Acuity Brands, Inc., the S&P MidCap 400 Index, the Dow Jones US Electrical Components & Equipment Index, and the Dow Jones US Building Materials & Fixtures Index
Acuity Brands, Inc.
Dow Jones US Electrical Components & Equipment Index
S&P MidCap 400 Index
Dow Jones US Building Materials & Fixtures Index
8/10 | 8/11 | 8/12 | 8/13 | 8/14 | 8/15 | |
---|---|---|---|---|---|---|
Acuity Brands, Inc. | $100 | $120 | $169 | $227 | $330 | $521 |
S&P MidCap 400 Index | $100 | $123 | $139 | $171 | $211 | $211 |
Dow Jones US Electrical Components & Equipment Index | $100 | $124 | $154 | $192 | $241 | $217 |
Dow Jones US Building Materials & Fixtures Index | $100 | $112 | $168 | $213 | $266 | $307 |
*Assumes $100 invested on August 31, 2010 in stock or index, including reinvestment of dividends. |