ACUITY INC. (DE)
For the period ended Aug 31, 2025. Filed Dec 11, 2025.
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Aug 31, 2025 · Filed Dec 11, 2025
Contents
APPENDIX AA-1
Appendix A: Reported Performance
Metrics
Reconciliation of U.S. Generally Accepted Accounting Principles (“GAAP”) to Non-
U.S. GAAP Financial Measures and Methodology for Calculating Non-U.S. GAAP
Financial Measures
| (In millions, except per share data) | Year Ended August 31, | ||
|---|---|---|---|
| 2025 · 2024 · 2023 | |||
| Net sales (GAAP) | $4,345.6 | $3,841.0 | $3,952.2 |
| Net income (GAAP) | $396.6 | $422.6 | $346.0 |
| Add-back: Acquired profit in inventory | 29.6 | — | — |
| Add-back: Amortization of acquired intangible assets | 76.5 | 39.7 | 42.1 |
| Add-back: Share-based payment expense | 45.1 | 46.6 | 42.0 |
| Add-back: Acquisition-related costs(1) | 23.8 | — | — |
| Add-back: Special charges(2) | 29.7 | — | 26.9 |
| Add-back: Supplier recovery charge | — | — | 13.0 |
| Add-back: Pension settlement loss | 30.9 | — | — |
| Add-back: Loss on sale of a business | — | — | 11.2 |
| Add-back: Impairments of investments | — | — | 2.5 |
| Total pre-tax adjustments to net income | 235.6 | 86.3 | 137.7 |
| Income tax effect | (54.2) | (19.8) | (31.7) |
| Less: One-time tax benefit | (8.2) | — | — |
| Adjusted net income (non-GAAP) | $569.8 | $489.1 | $452.0 |
| Diluted earnings per share (GAAP) | $12.53 | $13.44 | $10.76 |
| Adjusted diluted earnings per share (non-GAAP)(3) | $18.01 | $15.56 | $14.05 |
(1)Acquisition-related costs include professional fees.
(2)Special charges in 2025 include $16.7 million in asset impairment charges, $7.2 million in severance costs, and $5.8 million in other charges associated
with productivity efforts. Special charges in 2023 include $14.0 million in trade name impairment charges and $12.9 million in severance costs and other
charges associated with the disposal of a business and our ongoing transformation efforts.
(3)Adjusted diluted earnings per share is equal to adjusted net income divided by Diluted weighted average number of shares outstanding on the
Consolidated Statements of Comprehensive Income.
| (In millions) | Year Ended August 31, | ||
|---|---|---|---|
| 2025 · 2024 · 2023 | |||
| Net cash provided by operating activities (GAAP) | $601.4 | $619.2 | $578.1 |
| Less: Purchases of property, plant and equipment | (68.4) | (64.0) | (66.7) |
| Free cash flow (non-GAAP) | $533.0 | $555.2 | $511.4 |
Acuity Inc. | 2026 Proxy Statement | B-1
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