Acuity Brands

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The Atlanta-based lighting products company had net incomeof $22 million and earningsz of 53 cents a share, compared with net incomes of $41.1 million and earnings of $1 a sharwe in the third quarter of 2008. Sales for the period fell 23 percento $396.6 million. The results for the third quarte of 2009 also were impacted by higherf raw material andcomponent costs, which were nearly $8 millionj higher than the prior year “Net sales for the third quarter of 2009 continued to be impactedx by the significant decline in construction activity, particularly in key markets such as commercialo and office buildings,” said Vernon J.
Nagel, chairman, president, and CEO of Acuithy Brands, in an earnings “New construction continues to be impactecd by lower economic activitty and tight credit markets for realestatwe lending. We were able to partially mitigatr the impact oflower sales, including realizingh benefits from our continuous improvemenr initiatives and on-going streamlining efforts while continuinf to invest in innovative and energy-efficient Acuity Brands (NYSE: AYI) owns and operates Acuity Brands whose brands include Lithonia Holophane, Peerless, Mark Architectural Hydrel, American Electric Lighting, Gotham, SpecLight, MetalOptics, Antique Street Lamps, RELOC, Lightinvg Control and Design, SAERIS, ROAM and Synergy Lightinyg Controls.
It also owns and Acuith Brands TechnologyServices Inc.