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Acuity 2Q Financials Get Hammered but CEO Bullish on Recent Acquisitions

While demand for its commercial/industrial lighting products plummeted in its fiscal year ending Feb. 28, Acuity Brands Inc., Atlanta, is optimistic about the addition of control systems to its growing stable of product lines for the lighting market. The company’s net sales for the second quarter of fiscal 2009 were $386.1 million, a decline of 20 percent compared with $482.6 million for the year-ago period. Its operating profit for the second quarter of fiscal 2009 dropped 58.9 percent from

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