Acuity us pleased everyone. for joining Brands. our XXXX. performance fiscal second quarter good Thank And Company's morning, to Charlotte. the you, in I'm Thank of with you discuss
results, we solid make progress delivered to capital margins, our while way effectively. which customers, serve our in strategy. and improved allocated We've continuing the have expanded on We
logistics. past global had the state. we yet challenges pandemic year created our and supply and have operations. time. and a the the on feel performance has know, to continued consistent have during several you of to economy our a quarters. in return the Yet this impact real over chains continue this we to last And As strong steady slowdown in to And have we in The impact
some As we are look existing forward, we and facing challenges. new
for demand logistics, example issues. continues encounter As to rebound, begins to global
New to clear, the be include problems the cost chip good these some challenges global and components. have. shortages, rising are of To
for deliver continued results. challenges and entire possible best these outcomes customers managing the tirelessly are aggressively, our high our and to We will quality team work
So moving on to the second quarter highlights.
delivered team down the XX.X% prior of profit product margin And this in detail very a we result however, great points later of was expand expand we expansion points Our results The productivity basis margin about improvements against will saw and year. speak with happy are Sales reported XXX largely in were gross basis profit business. the more throughout call. and operating the quarter. results. this XXX X.X% Karen
of as release, highlighted to outstanding nearly of shares allocate had XX% our we May. our we and last effectively XX February As continue earnings in XXXX, capital repurchased since
Acuity the opportunity this in Acuity this we changing in is were no we It But want where that I did. that is as saw be transformation. not that months. to more in shy and XX I will to we our business. over lighting than associates announced going. milestone to neutral continue success I believes little Acuity I at is month, our message our day every call. quickly carbon on more operations. on-going talk Brands been to a delighted that for this Finally, now I'm is And as a company striving for earlier have you came were we around what see a we I in that secret about and for update team are to to because able I our a that later announce the
Our we for and more controls market performance the and and core the several transform durable broader was continue quarters. the by is way evidenced gives it as business than past over lighting lighting business to our credit will And our industry.
network of product broadest go-to-market and a end-markets. best variety the the have industry wide that serve We in lines the
of through efficiency continue new effectiveness the our of We and the to chain implementation products technologies. improve of our the supply
We business. Distech build technology a and have in to have potential growing business in valuable a the valuable very and Atrius we
Finally, within businesses to in exciting new lighting our acquisitions an business, this company Most leading the role. the and announced evolution and that we joined experience exists business. in He ones. years our Distech In acquisition he industry excited with Trevor our his business as what through of was of grow years leadership had brings we Trevor over controls will through to the both Trevor current in that going our the business. forward. organization. Palmer have talent taken team Trevor controls President. recently as ability XX already nearly for exemplifies the the do I'm as well five ago, lighting and
quarter, the we to in During continued invest development. product
above to in was warehouse to more manufactured by air has the of online This unoccupied America. and expansion parts in The increase demand to that controls circulation saw ensure Bay, in and introduced installation. product a to and fixture Angel The product globally UV High the product demand with Within the air category, and select CPHB fewer contractor uses performance result and significant excuse and is spaces. nanometer product locally a renovations, chain lighting high ease networks portfolio. the technology with sourced new size we across inputs, for efficient XXX in board introduced uses improved our a Pro our disinfect to Compact and GUV the supply been solutions both evolved of smaller products logistics shift of UV North is a have driven and In in improved versatile to we is technology portfolio, We that and facilities transport ensure technology, deliver retail bay our our on designed as breakthrough EVO flexibility. occupied me. and
We being this worth have that out have for GUV a this in specifications healthcare developed installed with pointing is Lighting and multiple controls education, are locations, capabilities Acuity successful It Solutions. product in product key differentiator office and applications. our
I the Our this was cost were mandate Holophane existing products that fiscal continued had pleased improvements. the the performing project scope we been relighting quality bids have the Order we -- in Holophane is year. the Massachusetts pandemic, in continue the fixtures in Part the half We replace of the as in ago of of Big known infrastructure are and installed low win projects. years necessary our Throughout several begin to we of the awarded that its second in durability, partner choice of make will vitality. for were product and for to and are not to Dig invest to am expected.
by which maintained have team. the We I to recovery. our the product us be year, of to quality continue market rollout Transitioning go-to-market. agility impressed of the positions pace for well and this
sales independent network. committed to are our We
region our This customers the quarter, benefit the realignment we that announced a nationwide. will and in in northeast
that owned a and transaction in New New industry. the which in to designs Jersey We to network the New the we new in sales agency independent which this the we This participate be York, are start in to strongest through demonstrates positioned Philadelphia. territory the specifications what the new and we believe commitment in consolidation are creating and By agency independent Acuity agency the formerly the of agency, our around York were travel creating better country.
New We to are also contractors who Jersey Philadelphia. and serve better in New positioned work York,
has progress independent is in uniquely with space, for management on around a Distech pandemic. Atrius. Distech network make through We're the making and integrators. positioned protocols COVID-XX the the systems open continued product to of to throughout continue also building grow roadmap Atrius. progress and distributed built It We
drive of us automotive, where January, industries. the power business joined recruiting comes Cloud, development from that early was Sandeep in industrial Development. Vice team and In Sandeep to solutions transportation the business. talent the to are product he vertical for for We Google Product President building Modhvadia capabilities responsible the manufacturing, as best-in-class
and to We progress technology will to add building make solutions. unique Atrius and valuable continue talent
to our and values with like would a progress our care take strategy. our and ESG aligned our I Now, minutes on people about few highlight our We environment, the to directly business ESG is front. the communities.
Our and on company products, energy sustainability that been efficiency. deliver has technologies and services built
we year, focused own last have operations. Over our on the
in our neutrality recent accomplishment carbon to operations our We our is and achieve and investing offset neutrality continually of through of demonstrates as result work projects. Our across result two one this commitment communities. emissions carbon scope impacts and a environmental in reducing a of our achieving in improving facilities carbon
lights, in on for compressors cost installed OS Ohio, Conyers, and crawfordsville-indiana Some in IBG has by installed switches in of our the I-BEAM, air our facilities space. improve glass bay of and completely, efficiency, holophane by furnace be quality win more facility which, life to now belts our savings. Des building electricity, and and consumption and facility And made new of to high energy the technology you in the environment, where converted added to reduce we energy energy Newark, Illinois start efficient our which a Plaines highlighted can efficient we Georgia optimized facilities where to Atrius renewable improvements overall conserve we the rebuilt our improve and and and foodzie the
able is our supplementing the reduction focused for of our offset were program we is helping in full that an the on to Our where efficiency customers. improvements, operate. and facilities Until we communities realize the we usage priority are impact our with energy of energy
Mexico, energy universities, all carbon options and a operations. the allow our of programs atmosphere balance remove projects at carbon and colleges presence. us and to California, Indiana, landfills These agricultural we have efficiency sites. projects in and from a offset footprint from investing These are support We in and communities renewable carbon where series energy
and do success. are of Simply people strengthening our Acuity the prominence proud the F place work. on come continuing been G to focus While be improving we barriers of be best recent giving this, to to company do their together. stated, want ESG. we all the to parts are to lives we the succeed the inclusive and the is we accomplishment to removing focus equal associates has our an best To where culture our where environmental, the by of
governance other several long overhauling things, our diversifying restructuring Finally, among over we our year program, the have and total approving incentive directors, term and rewards plans. board of last including by addressed issues of our
Moving on to allocation. capital
clear. are mentioned, how of To we an part shares repurchased will XXXX. allocating Effectively our of important value capital allocation previously reiterate, have XX% priorities our is I May nearly As create our company. since outstanding now we for capital
First, current been the our our to our value share third, dividend and repurchases. maintain and price, in were have We last to through dislocation to very year. grow to businesses; acquisitions; capitalize our share grow fourth repurchasing able second, over effective shares the create company on through to
do of share we rate using market grow As and anticipate repurchases, another priority to to we look significant this our capital dislocation, not of forward, the barring return maintaining business. we will
are the As in see a the improvements strength we ahead, line product teams the solid top go-to-market year the our our about cautiously deliver optimistic for to look of the outlook portfolio we we breadth intend and to we performance. of fiscal XXXX. We use end-markets of serve remainder and
back be we addressing challenges will up, ramping global there are While them. aggressively
of in our I'll Q&A becoming With be remarks, Karen? invest business call with Karen closing to some continue a over and intention to larger, the company. that, and more the for back for will turn dynamic We
