10:49 AM EDT, 06/26/2025 (MT Newswires) -- Acuity Brands' (AYI) fiscal third-quarter results came in stronger than expected, which the company said positions it for a "solid" second half of the year.

Adjusted per-share earnings rose to $5.12 for the three-month period ended May 31 from $4.15 a year earlier, exceeding the consensus estimate of $4.44 on FactSet. Sales jumped 22% year on year to $1.18 billion, above the $1.15 billion expected by analysts.

Shares of the company, which provides lighting and building management solutions, were up 5.7% in Thursday trade.

"We have taken aggressive actions to manage our outcomes given the uncertainty in the marketplace that has resulted from the evolution of the tariff policy and other geopolitical instability," Chief Executive Neil Ashe said during an earnings call, according to a FactSet transcript. "It is likely those actions have resulted in accelerated ordering that has positively affected the third quarter."

During the quarter, Acuity took pricing actions to cover the impact of tariffs and "accelerated productivity efforts to reduce expenses," Ashe said.

"We have set ourselves up to deliver a solid second half of fiscal 2025," Chief Financial Officer Karen Holcom told analysts.

The lighting segment's revenue grew 2.7% to $923.2 million. "Our expectation is that we will realize the majority of the price increases and we'll be impacted by the full tariff costs beginning in the fourth quarter," she said.

Revenue in the intelligent spaces division more than tripled to $264.1 million. That includes net sales of $172.8 million of the recently-acquired QSC, a provider of cloud-manageable audio, video and control platform.

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