Acuity Brands

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The Atlanta-based lighting products company had net incomeof $22 milliobn and earnings of 53 cents a share, comparef with net income of $41.11 million and earnings of $1 a share in the thirde quarter of 2008. Sales for the periodx fell 23 percentto $396.6 million. The results for the thirds quarter of 2009 also were impacted by higher raw material andcomponent costs, which were nearly $8 millioj higher than the prior year period. “Net sales for the thirds quarter of 2009 continued to be impactef by the significant decline inconstructiojn activity, particularly in key markets such as commercial and officed buildings,” said Vernon J.
Nagel, chairman, president, and CEO of Acuity in an earnings release. “Neew construction continues to be impacted by lowefr economic activity and tight credit markets for real estate We were able to partially mitigate the impacft oflower sales, including realizing benefits from our continuou s improvement initiatives and on-going streamlining efforts while continuing to invest in innovative and energy-efficientr products.
” Acuity Brands (NYSE: AYI) owns and operates Acuity Brands Lighting, whose brands include Lithonia Lighting, Holophane, Peerless, Mark Architectural Lighting, American Electric Lighting, Gotham, Carandini, SpecLight, MetalOptics, Antiquw Street Lamps, RELOC, Lighting Control and Design, SAERIS, ROAM and Synergu Lighting Controls. It also owns and Acuitt Brands TechnologyServices Inc.