Financials
FY21 FINANCIAL
PERFORMANCE
Fiscal Year 2021 was a year of improvement. Through our business segments, ABL and ISG, we made progress on our transformational priorities, improved the financial performance of the business, and continued to allocate capital thoughtfully.
We are transforming our business and focusing on our customers, our investors, and our associates. As a result, we are excited to enter Fiscal Year 2022 as a much stronger company with clear opportunities.
“We have evolved our service levels, improved our margins, and allocated capital effectively. I’m excited by everything this team has achieved together and the progress we continue to make.”
Karen J. Holcom
Senior Vice President and Chief Financial Officer
(in millions, except earnings per share)
for the year ended August 31
for the year ended August 31
Operations |
2021 |
2020 |
% Change |
| Net sales | $3,461.0 | $3,326.3 | 4% |
| Gross profit % | 42.6% | 42.2% | |
| Operating profit | $427.6 | $353.9 | 21% |
| Operating profit % | 12.4% | 10.6% | |
| Net Income | $306.3 | $248.3 | 23% |
| Diluted earnings per share | $8.38 | $6.27 | 34% |
| Diluted weighted average number of shares outstanding | 36.6 | 39.6 | |
| Return on stockholders’ equity(1) | 15.2% | 12.2% | |
| Cash provided by operating activities | $408.7 | $504.8 | (19%) |
| Depreciation and amortization | $100.1 | $101.1 | (1%) |
| Capital expenditures | $43.8 | $54.9 | (20%) |
Financial Position |
2021 |
2020 |
% Change |
| Total assets | $3,575.1 | $3,491.7 | 2% |
| Total cash | $491.3 | $560.7 | (12%) |
| Total debt | $494.3 | $401.1 | 23% |
| Total stockholders equity | $2,044.5 | $2,127.5 | (4%) |
| Operating working capital(2) as a percentage of net sales | 16.7% | 14.8% |
(1) Return on Stockholders’ Equity is calculated by dividing Net Income by Average Total Stockholders’ Equity (average of five quarters).
(2) Operating working capital is defined as net receivables plus inventories minus accounts payable.
(2) Operating working capital is defined as net receivables plus inventories minus accounts payable.
*Free Cash Flow is defined as cash provided by operating activities minus purchases of property, plant, and equipment.
Total Shareholder Return (FY21)**
Among Acuity Brands, Inc., the S&P 400, and the S&P 1500 Capital Goods.
Acuity
S&P Midcap 400
S&P Midcap 1500 Capital Goods
**9/1/20-8/31/21