Acuity Brands, Inc. (NYSE:AYI) Q3 2023 Earnings Call Transcript

And then I don’t want to answer this question without also highlighting the importance of the Intelligent Spaces Group and our portfolio. So as you saw this quarter, we continue to grow Distech, we continue to grow Atrius, we continue to find – we are finding ways where we can put capital to work to make that business better. So then the whole company hopefully looks different going forward. The lighting business is more predictable, repeatable and scalable with an obvious value creation algorithm, and we’re growing the technology business at ISG.

Jeffrey Sprague: Great. Thanks for that. Very complete answer. Appreciate it.

Neil Ashe: Thanks Jeff.

Operator: Thank you. And I’m showing no further questions in the queue at this time. I’d like to turn the call back to Neil Ashe for any closing remarks.

Neil Ashe: Thank you, Liz. I’d like to thank all of you for joining us today. We appreciate the engagement and the questions. We had a solid quarter. We delivered margin and cash flow despite a decline in sales. We allocated capital effectively, and we continue to improve our underlying businesses. So thank you for your interest in Acuity Brands, and we look forward to seeing you again next quarter.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.