Acuity Brands

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The Atlanta-based lighting products company had net incom eof $22 million and earnings of 53 cents a compared with net income of $41.1 million and earnings of $1 a shars in the third quarter of 2008. Sales for the periosd fell 23 percentto $396. million. The results for the thirrd quarter of 2009 also were impacted by highe r raw material andcomponent costs, whichh were nearly $8 million higher than the prior year “Net sales for the thirc quarter of 2009 continued to be impacted by the significantt decline in construction activity, particularly in key marketsz such as commercial and office said Vernon J. Nagel, chairman, and CEO of Acuity in an earnings release.
“New construction continuee to be impacted by lower economic activityh and tight credit markets for real estate We were able to partiallg mitigate the impact oflower sales, including realizinyg benefits from our continuous improvemenrt initiatives and on-going streamlining efforts whilew continuing to invest in innovativee and energy-efficient products.” Acuityh Brands (NYSE: AYI) owns and operatesd Acuity Brands Lighting, whose brands includre Lithonia Lighting, Holophane, Mark Architectural Lighting, Hydrel, Americanh Electric Lighting, Gotham, SpecLight, MetalOptics, Antique Street Lamps, Lighting Control and Design, ROAM and Synergy Lighting Controls.
It also owns and Acuity Brands TechnologyhServices Inc.