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Home » Acuity Brands’ (AYI) CEO Vern Nagel on Q4 2014 Results – Earnings Call Transcript

Acuity Brands’ (AYI) CEO Vern Nagel on Q4 2014 Results – Earnings Call Transcript

Acuity Brands’ (AYI) CEO Vern Nagel discusses Q4 2014 results on a conference call held on October 1, 2014…

Acuity Brands, Inc. (NYSE:AYI)

Q4 2014 Earnings Conference Call

October 1, 2014, 10:00 AM ET

Executives

Dan Smith – Senior Vice President, Treasurer and Secretary

Vern Nagel – Chairman, President and Chief Executive Officer

Ricky Reece – Executive Vice President and Chief Financial Officer

Analysts

Rick Kwas – Wells Fargo Securities

Jed Dorsheimer – Canaccord Genuity

Winnie Clark – UBS

Tim Weiss – Robert W. Baird

Matt McCall – BB&T Capital Markets

Chris Glynn – Oppenheimer

Colin Rusch – Northland Capital Markets

Glen Wortman – Sidoti & Company

Mike Ritzenthaler – Piper Jaffray

Operator

Good morning and welcome to the Acuity Brands 2014 Fourth Quarter Financial Conference Call. After today’s presentation, there will be a formal question-and-answer session. Today’s conference is being recorded. If you have any objections, you may disconnect at this time.

Now I would like to introduce Mr. Dan Smith, Senior Vice President, Treasurer and Secretary. Thank you, sir, you may begin.

Dan Smith – Senior Vice President, Treasurer and Secretary

Good morning. With me today to discuss our fiscal 2014 fourth quarter and full year results are Vern Nagel, our Chairman, President and Chief Executive Officer, and Ricky Reece, our Executive Vice President and Chief Financial Officer. We are webcasting today’s conference call at www.acuitybrands.com.

I would like to remind everyone that during this call, we may make projections or forward-looking statements regarding future events or future financial performance of the company. Such statements involve risks and uncertainties such that actual results may differ materially. Please refer to our most recent 10-K and 10-Q SEC filings and today’s press release, which identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements.

Now let me turn this call over to Vern Nagel.

Vern Nagel – Chairman, President and Chief Executive Officer

Thank you, Dan. Good morning everyone. Ricky and I would like to make a few comments and then we’ll answer your questions. First, let me say we are extremely pleased with our performance in 2014. We achieved record results for net sales, diluted earnings per share and cash flow generation for both the fourth quarter and the full year.

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