Acuity Brands, Atlanta, said its 2010 second-quarter sales were down less than one percent YTY despite continuing tough conditions in the nonresidential market. The company had net sales of $383.5 million for the second quarter, down less than one percent compared with the same period a year-ago.
“We continue to see a very challenging economic environment for the remainder of our fiscal year 2010, said Vernon Nagel, the company’s chairman, president and CEO. “Key indicators for non-residential construction continue to signal a decline. Independent third-party forecasts continue to signal that for our fiscal 2010 the year-over-year percentage decline for net sales in the overall markets we serve will be in the mid-teens. Despite these challenges, we continue to see opportunities.
“In addition to our fiscal 2009 acquisitions of Sensor Switch and LC&D, which significantly increased our presence in the growing lighting controls market, we are accelerating investments to create more innovative and energy-efficient products, enhance services to our customers, and expand market presence in key geographies and sectors such as home centers and the renovation and relight market.”