Selling, distribution and administrative (“SD&A”) expenses for the fourth quarter of fiscal 2011 increased to $144.6 million compared with $133.1 million in the prior-year period due primarily to commission and freight costs associated with the higher sales volume, additional SD&A expenses attributable to acquired businesses, as well as an increased level of spending on future growth initiatives such as new products, expanded market presence, and technology and innovation. However, fiscal 2011 fourth quarter SD&A expenses as a percentage of net sales decreased 90 basis points year-over-year to 29.1 percent.Fiscal 2011 Results
Acuity Brands Reports Fiscal 2011 Fourth Quarter And Full Year Results
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