Filing Flows › Acuity (AYI) › Q2 FY25
Acuity (AYI) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 3, 2025
Acuity (AYI) reported revenue of $1.0B for the second quarter fiscal 2025 (Q2 FY25), +11% from a year earlier and +6% from the quarter before. Operating margin was 11.0%, net earnings $77.5M (7.7% of revenue).
Acuity, Q2 FY25: revenue $1.0B (+11% year over year), operating margin 11.0%, net earnings $77.5M, operating cash flow $59.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +6% | +11% |
| Gross profit | $468M | +4% | +13% |
| Operating profit | $110M | -17% | -7% |
| Net earnings | $77.5M | -27% | -13% |
| Operating cash flow | $59.4M | -55% | -42% |
| Free cash flow | $49.7M | -56% | -44% |
What changed
Revenue was $1.0B in Q2 FY25, up 11% year over year and up 6% from the previous quarter.
Gross margin was 46.5%, up 1.0 points from a year earlier. Operating profit was $0.11B, a 11.0% margin (down 2.1 points year over year). Operating profit fell $0.01B even though revenue rose $0.10B versus a year earlier, so costs grew faster than sales. Operating expenses grew 22% against revenue growth of 11%. Net earnings were $0.08B, down 13% year over year. The effective tax rate was 24.2%.
Operating cash flow was $0.06B (down 42% year over year), 77% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.06B. Capital expenditures of $0.01B left free cash flow of $0.05B.
Questions
What was Acuity's revenue in the second quarter fiscal 2025?
Acuity (AYI) reported revenue of $1.0B for the second quarter fiscal 2025 (Q2 FY25), +11% from a year earlier and +6% from the quarter before.
Was Acuity profitable in the second quarter fiscal 2025?
Operating profit was $110M (11.0% of revenue) and net earnings $77.5M.
Source: Acuity 10-Q on SEC EDGAR.