Acuity Inc stock heads into Monday: Q2 “backlog” fade is the big watch
Acuity reported fiscal Q1 net sales up 20.2% to $1.1 billion and adjusted EPS of $4.69. Shares closed at $325.55, up 0.9%. Executives warned Q2 could be weaker as order backlog normalizes. The company repurchased 77,000 shares for $28 million and repaid $100 million in debt.
