Acuity Posts Fiscal 2026 Net Sales of $4.6B, Up 7%, and Q4 Diluted EPS of $5.63

Light Up Total Solution Public Company Limited, or LTS, expects to fully recognise 100% of its backlog, worth approximately 60 million baht, within this year, according to Chief Executive Officer Phat Trasophosit. Third-quarter 2026 results remained steady from the second quarter, when the company posted a profit of 7.5 million baht and revenue of 132 million baht, because the third quarter was mainly a preparation period. The company is preparing to bid on three to four new projects with a combined value in the hundreds of millions of baht, with contracts expected to be signed in the fourth quarter of 2026 and some revenue, roughly 40 million baht, potentially recognised then. The remainder will begin to be recognised in the first or second quarter of 2027. The company puts its chances of winning the work at about 70%, citing its expertise and ready qualifications, and therefore expects 2027 results to grow by leaps and bounds, driven by government funding to accelerate the switch to energy-saving LED lighting in public areas. The company is also looking at one or two opportunities related to data centres, both in the form of equipment leasing and system testing work, though there is no clear timeline yet because it must wait for contracts with clients and several items of equipment are in short supply. At the same time, it plans to expand into AI Cloud rental services through the establishment of a joint venture, Noventrix Company Limited, in which the company will hold about 40%. The establishment has been pushed back to the fourth quarter of 2026 from an earlier target of completion within September, due to product supply shortages.

Trane Technologies is positioned to potentially extend its earnings-beat streak when it reports next, with a positive Zacks Earnings ESP of +0.43% and a Zacks Rank #3 (Hold). The manufacturer has beaten estimates in each of its last two reports, with an average surprise of 2.44%. In the most recent quarter, Trane Technologies posted earnings of $4.31 per share against the Zacks Consensus Estimate of $4.27 per share, a surprise of 0.94%. The prior quarter delivered a surprise of 3.95%, as earnings came in at $2.63 per share versus an expected $2.53 per share. Zacks research shows that stocks combining a positive Earnings ESP with a Zacks Rank #3 or better produce a positive surprise nearly 70% of the time.

Acuity reported fiscal 2026 fourth-quarter non-GAAP earnings of $5.77 per share, beating estimates by $0.21, on revenue of $1.24 billion, up 2.5 percent year over year and in line with expectations. Adjusted operating profit as a percent of net sales was 18.7 percent in the fourth quarter of fiscal 2026, an increase of 10 basis points compared to the prior year. For the full fiscal year 2026, the company generated $826 million in cash flow from operations.

Acuity Brands will report third-quarter earnings before market open this Thursday, with the market expecting revenue to grow 4% year on year. That would mark a slowdown from the 17.1% increase the intelligent lighting and space solutions provider recorded in the same quarter last year. Last quarter, Acuity Brands beat analysts' revenue expectations with revenues of $1.20 billion, up 1.6% year on year, alongside beats on EBITDA and EPS estimates. Analysts have generally reconfirmed their estimates over the last 30 days, though the company has missed Wall Street's revenue estimates multiple times over the past two years. Acuity Brands is the first among its peers to report this season, and its peer group has sold off 4% on average over the last month, while Acuity Brands is down 6.1% over the same period.