Acuity Brands, Inc. (AYI) reported mixed results in third-quarter fiscal 2024 (ended May 31, 2024), with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. Earnings beat the consensus mark for the 17th consecutive quarter. Despite a year-over-year decline in sales in the lighting business, AYI reported strong fiscal third-quarter performance driven by increased focus on margins and cash generation. This approach resulted in a higher adjusted operating profit margin and increased ...