ayi-20260228

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________

Form 10-Q

_____________________________________________


(Mark One)
☑			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended February 28, 2026.


OR
☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to .

Commission file number 001-16583.

_____________________________________________

ACUITY INC.

(Exact name of registrant as specified in its charter)

_____________________________________________


Delaware						58-2632672
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

1170 Peachtree Street, N.E., Suite 1200, Atlanta, Georgia 30309

(Address of principal executive offices) (Zip Code)

(404) 853-1400

(Registrant’s telephone number, including area code)

None

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $0.01 par value per share

AYI

New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☑

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Common stock, $0.01 par value — 30,315,168 shares as of March 31, 2026.

ACUITY INC.

Table of Contents


		Page No.
Part I. FINANCIAL INFORMATION
Item 1.	Financial Statements
	Consolidated Balance Sheets -- February 28 , 20 26 (Unaudited) and August 31, 2025	1
	Consolidated Statements of Comprehensive Income (Unaudited) -- Three and six months ende d February 28, 2026 and February 28, 2025	2
	Consolidated Statements of Cash Flows (Unaudited) -- S ix months ended February 28, 2026 and February 28, 2025	3
	Notes to Consolidated Financial Statements (Unaudited)	4
	Note 1 — Description of Business and Basis of Presentation	4
	Note 2 — Significant Accounting Policies	5
	Note 3 — Acquisitions	5
	Note 4 — New Accounting Pronouncements	7
	Note 5 — Fair Value Measurements	8
	Note 6 — Inventories	9
	Note 7 — Property, Plant, and Equipment	9
	Note 8 — Goodwill and Intangible Assets	9
	Note 9 — Other Current Liabilities	10
	Note 10 — Debt and Lines of Credit	11
	Note 11 — Commitments and Contingencies	12
	Note 12 — Changes in Stockholders' Equity	13
	Note 13 — Revenue	14
	Note 14 — Share-based Payments	15
	Note 15 — Pension Plans	15
	Note 16 — Special Charges	16
	Note 17 — Other Expense	16
	Note 18 — Earnings Per Share	17
	Note 19 — Comprehensive Income	17
	Note 20 — Segment Information	18

Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	21
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	29
Item 4.	Controls and Procedures	30

Part II. OTHER INFORMATION
Item 1.	Legal Proceedings	31
Item 1A.	Risk Factors	31
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	31
Item 5.	Other Information	31
Item 6.	Exhibits	31

INDEX TO EXHIBITS		32

SIGNATURES		33

Table of Contents

PART I. FINANCIAL INFORMATION

Item 1.Financial Statements

ACUITY INC.

CONSOLIDATED BALANCE SHEETS

(In millions, except per-share data)<


	February 28, 2026		August 31, 2025
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	272.5	$	422.5
Accounts receivable, less reserve for doubtful accounts of $6.3 and $4.3, respectively	579.0		593.9
Inventories	515.2		526.7
Prepayments and other current assets	138.5		108.4
Total current assets	1,505.2		1,651.5
Property, plant, and equipment, net	350.3		343.2
Operating lease right-of-use assets	101.9		97.4
Goodwill	1,497.4		1,495.5
Intangible assets, net	1,056.4		1,099.0
Deferred income taxes	3.2		23.4
Other long-term assets	44.1		45.2
Total assets	$	4,558.5	$	4,755.2

SEC Form 10-Q filed by Acuity Inc.