Acuity Brands

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The Atlanta-based lighting products company had net incomeof $22 milliomn and earnings of 53 cent s a share, compared with net income of $41.1q million and earnings of $1 a share in the third quartee of 2008. Sales for the period fell 23 percentto $396.6 The results for the third quarter of 2009 also were impactee by higher raw materia l and component costs, which were nearl y $8 million higher than the prior year period. “Netg sales for the third quartet of 2009 continued to be impacted by the significanf decline inconstruction activity, particularlh in key markets such as commercial and office buildings,” said Vernob J.
Nagel, chairman, president, and CEO of Acuitt Brands, in an earnings “New construction continues to be impactex by lower economic activity and tight credit market s for realestate lending. We were able to partiallyy mitigate the impact oflower sales, includingt realizing benefits from our continuous improvemengt initiatives and on-going streamlining effortzs while continuing to invest in innovative and energy-efficient products.
” Acuituy Brands (NYSE: AYI) owns and operatesa Acuity Brands Lighting, whosew brands include Lithonia Lighting, Peerless, Mark Architectural Lighting, Hydrel, American Electricf Lighting, Gotham, Carandini, SpecLight, Antique Street Lamps, RELOC, Lighting Control and Design, ROAM and Synergy Lighting It also owns and Acuity Brandxs Technology Services Inc.