Exhibit 99.1
Item 6.Selected Financial Data
The following table sets forth certain selected consolidated financial data of Acuity Brands which have been derived from theConsolidated Financial Statementsof Acuity Brands for each of the five years in the period ended August 31, 2009. Amounts have been restated to reflect the specialty products business as discontinued operations as a result of the Spin-off. Refer to Part 1, Item 1 above for additional information regarding the Spin-off. This historical information may not be indicative of the Company’s future performance. The information set forth below should be read in conjunction withManagement’s Discussion and Analysis of Financial Condition and Results of Operationsand theConsolidated Financial Statementsand the notes thereto.
Years Ended August 31, | ||||||||||||||||||||
2009 | 2008 | 2007* | 2006* | 2005* | ||||||||||||||||
(In thousands, except per-share data) | ||||||||||||||||||||
Net sales | $ | 1,657,404 | $ | 2,026,644 | $ | 1,964,781 | $ | 1,841,039 | $ | 1,637,902 | ||||||||||
Income from Continuing Operations | 85,197 | 148,632 | 128,687 | 79,671 | 24,676 | |||||||||||||||
Income (loss) from Discontinued Operations | (288 | ) | (377 | ) | 19,367 | 26,891 | 27,553 | |||||||||||||
Net Income | 84,909 | 148,255 | 148,054 | 106,562 | 52,229 | |||||||||||||||
Basic earnings per share from Continuing Operations | $ | 2.05 | $ | 3.58 | $ | 2.96 | $ | 1.79 | $ | 0.56 | ||||||||||
Basic earnings (loss) per share from Discontinued Operations | (0.01 | ) | (0.01 | ) | 0.45 | 0.60 | 0.63 | |||||||||||||
Basic earnings per share | $ | 2.04 | $ | 3.57 | $ | 3.41 | $ | 2.39 | $ | 1.19 | ||||||||||
Diluted earnings per share from Continuing Operations | $ | 2.01 | $ | 3.51 | $ | 2.89 | $ | 1.73 | $ | 0.55 | ||||||||||
Diluted earnings (loss) per share from Discontinued Operations | (0.01 | ) | (0.01 | ) | 0.44 | 0.58 | 0.61 | |||||||||||||
Diluted earnings per share | $ | 2.00 | $ | 3.50 | $ | 3.33 | $ | 2.31 | $ | 1.16 | ||||||||||
Cash and cash equivalents | 18,683 | 297,096 | 213,674 | 80,520 | 86,740 | |||||||||||||||
Total assets* | 1,290,603 | 1,408,691 | 1,617,867 | 1,444,116 | 1,442,215 | |||||||||||||||
Long-term debt (less current maturities) | 22,047 | 203,953 | 363,877 | 363,802 | 363,737 | |||||||||||||||
Total debt | 231,582 | 363,936 | 363,877 | 363,802 | 363,737 | |||||||||||||||
Stockholders’ equity | 672,140 | 575,546 | 671,966 | 475,476 | 491,636 | |||||||||||||||
Cash dividends declared per common share | 0.52 | 0.54 | 0.60 | 0.60 | 0.60 |
* | Total assets for years ended August 31, 2007, 2006, and 2005 include amounts related to discontinued operations. |
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