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21
Annual report

TRANSFORMING
WHAT
MATTERS

We use technology to solve problems in spaces, light, and more things to come.

Acuity Brands, Inc. is a market-leading industrial technology company. We use technology to solve problems in spaces and light. Through our two business segments, Acuity Brands Lighting and Lighting Controls (“ABL”) and the Intelligent Spaces Group (“ISG”), we design, manufacture, and bring to market products and services that make the world more brilliant, productive, and connected. We achieve growth through the development of innovative new products and services, including lighting, lighting controls, building management systems, and location-aware applications.

We are based in Atlanta, Georgia, with operations across North America, Europe, and Asia and are powered by approximately 13,000 dedicated and talented associates.

Fiscal Year 2021 was a pivotal year for us as we advanced our corporate transformation. We returned the Company to growth amid a challenging global environment. We expanded our gross profit and operating profit margins. We generated strong cash flow and allocated capital in a way that creates permanent value for shareholders. We realigned our businesses into Acuity Brands Lighting and Lighting Controls and the Intelligent Spaces Group. We built a strong and diverse leadership team. Our Company continued to drive improvements across our Environmental, Social, and Governance (“ESG”) goals through our EarthLIGHT strategy, and we made progress on Diversity, Equity, Inclusion (“DEI”). As a result, we have positioned ourselves well for Fiscal Year 2022.

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Transforming our Business:We use technology to solve problems in spaces, light, and more things to come.
Transforming our Product Portfolio:We are focused on innovation through product vitality.
Transforming how we Run our Business:The Better. Smarter. Faster. process focuses on the art of the possible and understanding that the most important metric is end-user satisfaction.
Transforming our Culture:We are defining ourselves as a values-based organization where the best people come to do their best work.
Transforming our Future:We are creating a better future – one where our planet, communities, and businesses can thrive.
“In Fiscal Year 2021, the Acuity team delivered a series of strategic changes to improve our Company and its performance. The year presented ongoing challenges due to the global pandemic. Our teams focused on product vitality, customer service, and efficient, thoughtful execution.”
Neil M. Ashe Chairman, President and Chief Executive Officer
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$3.5B

NET SALES

$365M*

FREE CASH FLOW

4.0%

NET SALES GROWTH

12.4%

OPERATING PROFIT MARGIN

42.6%

GROSS PROFIT MARGIN

$8.38

DILUTED EPS
 
*Free Cash Flow is defined as cash provided by operating activities minus purchases of property, plant, and equipment.
FINANCIAL HIGHLIGHTS

TRANSFORMING
LIGHT

Lighting and Lighting Controls Our focus on innovation through product vitality and increasing our service levels for the benefit of our customers has delivered strong results.
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TRANSFORMING
SPACES

Intelligent Spaces Group We are building an impactful business to make spaces smarter, safer, and greener, leveraging Distech Controls® and our Atrius® technology.
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TRANSFORMING
OUR CULTURE

Values-Driven Culture We are creating an environment where the best people come to do their best work.
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TRANSFORMING OUR FUTURE

EarthLIGHT EarthLIGHT is a central tenet of our strategy and reflects our comprehensisve approach around Environmental, Social, and Governance (ESG) topics. Through EarthLIGHT, we improve our performance, increase transparency, and better highlight our results on numerous ESG priorities.
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