Mission Statement, Vision, & Core Values of Acuity Brands, Inc. (AYI)

Have you ever wondered what drives a company like Acuity Brands, Inc. (AYI), a market-leading industrial technology company, beyond just profits? It starts with a clear mission, a compelling vision, and a strong set of core values. In fiscal year 2024, Acuity Brands generated net sales of $3.84 billion and a net cash flow from operating activities of $619.2 million, demonstrating their strong financial performance while pursuing their core objectives.

But what exactly are those objectives? How do they aim to provide value to their customers and stakeholders? And what principles guide their decisions and actions every day? Let’s delve into the mission statement, vision, and core values that shape Acuity Brands' identity and strategic direction.

Acuity Brands, Inc. (AYI) An Overview of

Acuity Brands, Inc. (AYI), established in 2001 and headquartered in Atlanta, Georgia, is a prominent player in the lighting and building management solutions industry. The company designs, manufactures, and distributes a wide array of lighting, controls, and related products and services. These offerings cater to various applications, including indoor and outdoor lighting, industrial, commercial, and residential spaces. Acuity Brands operates primarily in North America, with a growing international presence.

Acuity Brands' diverse portfolio includes:

• LED Lighting Fixtures: For both indoor and outdoor use, offering energy-efficient solutions.
• Lighting Controls: Systems that manage and optimize lighting performance.
• Components: Essential parts for lighting systems.
• Daylighting Systems: Products that utilize natural light to reduce energy consumption.
• Smart Building Solutions: Integrated systems that enhance building management.

In fiscal year 2024, Acuity Brands reported net sales of approximately $4.0 billion. This figure reflects the company's strong market position and the demand for its innovative lighting and building management solutions. The company's products are sold through a variety of channels, including:

• Independent electrical distributors
• Retail channels
• Direct sales force
• Original equipment manufacturers (OEMs)

In the second quarter of fiscal year 2024, Acuity Brands announced record-breaking revenue, driven significantly by the performance of its Intelligent Spaces Group (ISG). The company's strategic focus on innovative solutions and market expansion has fueled substantial growth, particularly in the burgeoning market. This growth underscores Acuity Brands' commitment to delivering value and capitalizing on emerging trends in the lighting and building management industry.

Acuity Brands stands as a leader in the lighting and building management solutions sector. To delve deeper into the factors that drive its success, continue reading: Breaking Down Acuity Brands, Inc. (AYI) Financial Health: Key Insights for Investors

Acuity Brands, Inc. (AYI) Mission Statement

The mission of Acuity Brands Lighting is to deliver sustainable, inspiring, and intelligent lighting solutions that enrich communities where people live, learn, work, and play. The company aims to bring this mission to life by combining innovative luminaires with advanced electronics, featuring drivers and a leading controls platform, to ensure exceptional performance, seamless connectivity, and superior functionality.

Acuity Brands' mission is to provide customer-driven, smart, and simple solutions that offer quality lighting and building automation. This includes empowering world-class talent to create and leverage their industry-leading portfolio of products, technology, software, and services. The company also aims to drive world-class cost efficiency and leverage a culture of continuous improvement.

Acuity Brands is committed to technological advancement and sustainability. The company focuses on developing innovative new products and services, including lighting, lighting controls, building management solutions, and an audio, video and control platform.

Acuity Brands strategy is manifested through EarthLIGHT. EarthLIGHT is the way they coordinate their efforts around Environmental, Social, and Governance considerations, measure their performance in key areas, and communicate about those efforts to their various stakeholders. Statistics are based on FY24 calculations.

Acuity Inc. (NYSE: AYI) is changing its corporate name from Acuity Brands, Inc. to Acuity Inc. effective March 26, 2025. Acuity will continue to operate through two business segments, Acuity Brands Lighting (ABL) and Acuity Intelligent Spaces (AIS), formerly Intelligent Spaces Group (ISG). They will continue trading on the New York Stock Exchange under the ticker symbol “AYI”.

The mission statement encompasses several core components:

• Customer-Driven Solutions: Providing solutions that are tailored to meet the specific needs and demands of customers.
• Quality Lighting and Building Automation: Ensuring that the lighting and building automation solutions are of high quality.
• Empowering Talent: Fostering an environment where employees are empowered to create and leverage industry-leading products and services.
• Cost Efficiency: Driving efficiency in costs to provide value-added benefits to customers.
• Continuous Improvement: Maintaining a culture of ongoing improvement in all aspects of the business.

Acuity Brands is dedicated to solving problems, redefining industries, and creating impactful experiences that shape how people live, work, and connect. The company has a history of over 50 years of innovation and transforming the status quo.

Acuity Brands' core values guide how they serve their customers, associates, and communities. They are focused on customer outcomes and drive growth and productivity to increase market share and deliver superior returns. The company also looks to aggressively deploy capital to grow the business and to enter attractive new verticals.

Explore more about Acuity Brands, Inc. (AYI): Acuity Brands, Inc. (AYI): History, Ownership, Mission, How It Works & Makes Money

Acuity Brands, Inc. (AYI) Vision Statement of

Acuity Brands, Inc. operates with a vision to transform the industry by delivering superior lighting, lighting controls, and smart building solutions. This vision is underpinned by a commitment to innovation, sustainability, and creating value for its customers and stakeholders. The company's strategic objectives and financial performance reflect its dedication to achieving this vision in a dynamic market landscape. More insights about the company can be found here: Acuity Brands, Inc. (AYI): History, Ownership, Mission, How It Works & Makes Money

Acuity Brands aims to lead the lighting industry by offering high-quality, innovative lighting solutions. This involves continuous investment in research and development to create products that meet the evolving needs of customers. For example, in fiscal year 2024, Acuity Brands invested $74.1 million in engineering and product development, underscoring its commitment to innovation. The company's focus extends to both indoor and outdoor lighting, catering to commercial, residential, and industrial applications. Key aspects of their superior lighting solutions include:

• Energy Efficiency: Developing LED lighting systems that reduce energy consumption and lower operating costs.
• Advanced Technology: Integrating smart technologies like sensors and controls for enhanced performance.
• Customization: Offering tailored lighting solutions to meet specific customer requirements.

A crucial component of Acuity Brands' vision involves advanced lighting controls that enhance the functionality and efficiency of lighting systems. These controls enable users to optimize lighting levels, reduce energy usage, and create customized lighting environments. Acuity Brands' lighting control systems include:

• Intelligent Sensors: Utilizing sensors to detect occupancy and ambient light levels, adjusting lighting accordingly.
• Networked Systems: Implementing networked lighting systems for centralized control and monitoring.
• User Interfaces: Providing intuitive interfaces for easy management of lighting settings.

The company's focus on lighting controls is evident in its strategic acquisitions and partnerships aimed at expanding its capabilities in this area. In 2024, Acuity Brands reported net sales of $4.0 billion, reflecting the growing demand for its energy-efficient lighting and control solutions.

Acuity Brands is expanding its vision beyond lighting to include comprehensive smart building solutions. These solutions integrate lighting with other building systems to improve overall efficiency, comfort, and security. Smart building solutions encompass:

• Integrated Systems: Combining lighting, HVAC, and security systems for unified control.
• Data Analytics: Utilizing data analytics to optimize building performance and identify areas for improvement.
• IoT Integration: Leveraging the Internet of Things (IoT) to connect various building devices and systems.

The company's commitment to smart building solutions is demonstrated through its innovative products and strategic initiatives. Acuity Brands' smart building solutions contribute to creating more sustainable and efficient environments, aligning with the growing demand for green building practices. As of the end of fiscal year 2024, Acuity Brands had a strong financial position with a gross profit of $1.6 billion, enabling continued investment in these strategic areas.

Acuity Brands, Inc. (AYI) Core Values of

Acuity Brands, Inc. (AYI) operates with a clearly defined set of core values that guide its actions and decisions. These values reflect the company's commitment to innovation, customer satisfaction, and ethical conduct. Understanding these core values provides insight into how Acuity Brands functions and its priorities in the market. Breaking Down Acuity Brands, Inc. (AYI) Financial Health: Key Insights for Investors

Here’s an exploration of some of Acuity Brands' key values:

Customer Focus

Acuity Brands places a high priority on understanding and meeting customer needs. This involves:

• Providing high-quality products and solutions tailored to specific customer requirements.
• Building long-term relationships based on trust and mutual respect.
• Offering exceptional customer service and support.

For example, Acuity Brands provides lighting and controls solutions for various sectors, including commercial, industrial, residential, and infrastructure. Their customer-centric approach is evident in their ability to adapt and innovate to meet the evolving demands of these diverse markets. In fiscal year 2024, Acuity Brands reported net sales of $4.0 billion, reflecting their strong market position and customer satisfaction.

Innovation

Innovation is central to Acuity Brands' growth strategy. The company emphasizes:

• Investing in research and development to create cutting-edge technologies.
• Encouraging a culture of creativity and continuous improvement.
• Developing solutions that enhance energy efficiency and sustainability.

Acuity Brands' commitment to innovation is demonstrated through its extensive portfolio of patents and its focus on developing smart lighting solutions. As of the fiscal year 2024, the company invested approximately $78.9 million in research and development, driving advancements in areas such as IoT-enabled lighting systems and intelligent building management.

Integrity

Acuity Brands is dedicated to maintaining the highest standards of ethical conduct in all its operations. This includes:

• Acting with honesty, transparency, and fairness.
• Complying with all applicable laws and regulations.
• Promoting a culture of accountability and responsibility.

Acuity Brands' commitment to integrity is reflected in its comprehensive code of conduct and ethics policies, which guide employees in making ethical decisions. The company also emphasizes sustainability in its operations. In 2024, Acuity Brands continued to advance its environmental, social, and governance (ESG) initiatives, demonstrating its dedication to responsible corporate citizenship.

Teamwork

Collaboration and teamwork are essential to Acuity Brands' success. The company promotes:

• Fostering a supportive and inclusive work environment.
• Encouraging open communication and knowledge sharing.
• Working together to achieve common goals.

Acuity Brands fosters teamwork through various employee engagement programs and initiatives. The company’s focus on teamwork is evident in its ability to integrate diverse teams and expertise to deliver comprehensive solutions to its customers. This collaborative approach contributed to the company’s strong financial performance in fiscal year 2024, with a gross profit of $1.7 billion.