EX-99.1 3 g23892exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
Item 6. Selected Financial Data
The following table sets forth certain selected consolidated financial data of Acuity Brands which have been derived from the Consolidated Financial Statements of Acuity Brands for each of the five years in the period ended August 31, 2009. Amounts have been restated to reflect the specialty products business as discontinued operations as a result of the Spin-off. Refer to Part 1, Item 1 above for additional information regarding the Spin-off. This historical information may not be indicative of the Company’s future performance. The information set forth below should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and the notes thereto.
                                         
    Years Ended August 31,  
    2009     2008     2007*     2006*     2005*  
    (In thousands, except per-share data)  
Net sales
   $ 1,657,404     $ 2,026,644     $ 1,964,781     $ 1,841,039     $ 1,637,902  
 
                              
Income from Continuing Operations
     85,197       148,632       128,687       79,671       24,676  
Income (loss) from Discontinued Operations
     (288 )     (377 )     19,367       26,891       27,553  
 
                              
Net Income
     84,909       148,255       148,054       106,562       52,229  
Basic earnings per share from Continuing Operations
   $ 2.05     $ 3.58     $ 2.96     $ 1.79     $ 0.56  
Basic earnings (loss) per share from Discontinued Operations
     (0.01 )     (0.01 )     0.45       0.60       0.63  
 
                              
Basic earnings per share
   $ 2.04     $ 3.57     $ 3.41     $ 2.39     $ 1.19  
 
                                        
Diluted earnings per share from Continuing Operations
   $ 2.01     $ 3.51     $ 2.89     $ 1.73     $ 0.55  
Diluted earnings (loss) per share from Discontinued Operations
     (0.01 )     (0.01 )     0.44       0.58       0.61  
 
                              
Diluted earnings per share
   $ 2.00     $ 3.50     $ 3.33     $ 2.31     $ 1.16  
 
                                        
Cash and cash equivalents
     18,683       297,096       213,674       80,520       86,740  
Total assets*
     1,290,603       1,408,691       1,617,867       1,444,116       1,442,215  
Long-term debt (less current maturities)
     22,047       203,953       363,877       363,802       363,737  
Total debt
     231,582       363,936       363,877       363,802       363,737  
Stockholders’ equity
     672,140       575,546       671,966       475,476       491,636  
Cash dividends declared per common share
     0.52       0.54       0.60       0.60       0.60  
 
*   Total assets for years ended August 31, 2007, 2006, and 2005 include amounts related to discontinued operations.

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