Acuity Inc. (AYI) reported an increase in earnings for the first quarter compared to the same period last year. Earnings were $120.5 million, or $3.82 per share, up from $106.7 million, or $3.35 per share, last year. Adjusted earnings were $148.1 million, or $4.69 per share. However, revenue fell 99.9% to $1.143 billion from $951.6 billion last year. Acuity Inc.’s earnings summary on a GAAP basis: Earnings of $120.5 million, EPS of $3.82, and revenue of $1.143 billion.

Read more at Nasdaq: Acuity Inc. Q1 Income Climbs