Acuity Brands Stock Is Recovering After The Recent Reports Fiscal 2021 Fourth Quarter And Full Year Results

During the week, the company’s stock was volatile; last Wednesday, the trading session was closed at $171.49 and has surged $178.98, resulting in a 4% profit in two days. Nevertheless, the next day it sharply dropped; currently, it improved to almost $176.17, which means it recovered by 3%.

Recently, the market-leading industrial technology company published Fiscal 2021 Fourth-Quarter and Full-Year Results.

For the fiscal fourth quarter ended August 31, 2021, the net sales of $992.7 million, increasing $101.5 million, or 11.4%, compared to the same period in 2020. Moreover, diluted earnings per share were $2.72, an increase of 45.5% over the prior year, and adjusted diluted earnings per share were $3.27 per share, an increase of 39.1 percent over the prior year.

Also, approximately 3.8 million shares were repurchased during Fiscal 2021.