Acuity

Q4 FY2026 EarningsFY26 beat consensus across major profitability metrics, although revenue was slightly in-line to a marginal miss: net sales $4.64B vs. $4.64B expected, and gross margin of 50.6% vs. 49.5% expected. Normalized EPS of $19.72 (implied) beat the consensus mean of $19.72 by matching the high-end estimates through significant margin expansion in the AIS segment. AIS revenue grew 44.8% YoY following the QSC acquisition integration, offsetting a 1.0% decline in the ABL segment. Guidance was bolstered by a $200M debt repayment post-quarter, signaling strong cash flow confidence.