“We expect the North American lighting market, which includes renovation and relight, to grow modestly in our fiscal 2012, although we do see the potential for continuing volatility in customer demand. We believe our strategies to drive profitable growth are progressing well, particularly as we expand our LED and lighting solutions portfolio. While we expect to experience continued volatility in material and component costs, we also continue to be as vigilant as possible in our pricing strategies to protect our margins. We intend to invest approximately $40 million in capital expenditures during fiscal 2012, and we estimate our annual tax rate to be approximately 34 percent for the year.”Mr. Nagel concluded, “Looking beyond the current environment, we believe the lighting and lighting-related industry will experience solid growth over the next decade, particularly as energy and environmental concerns come to the forefront, and we believe we are well positioned to fully participate in this exciting industry.”
Acuity Brands Reports Fiscal 2011 Fourth Quarter And Full Year Results
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