Home / Markets / Industries / Industrials

Tuesday, June 16, 2009

Acuity Brands to Discuss 2009 Third Quarter Results

Comtex

ATLANTA, Jun 16, 2009 (BUSINESS WIRE) ----Acuity Brands, Inc. (NYSE: AYI) will host a conference call on Thursday, July 2, 2009 at 10:00 a.m. ET to discuss the Company's performance for the third quarter of fiscal 2009, following the announcement of those results earlier that day. Vernon J. Nagel, Chairman, President, and Chief Executive Officer of Acuity Brands, will lead the call. A live Webcast of the discussion will be accessible at the Company's Web site: www.acuitybrands.com. A replay of the call will also be posted to that site within two hours of the completion of the conference call and will be archived on the site.

Acuity Brands, Inc. owns and operates Acuity Brands Lighting, Inc. and Acuity Brands Technology Services, Inc. With fiscal year 2008 net sales of approximately $2.0 billion, Acuity Brands Lighting and Acuity Brands Technology Services combined are one of the world's leading providers of lighting fixtures and related products and services and include brands such as Lithonia Lighting(R), Holophane(R), Peerless(R), Mark Architectural Lighting(TM), Hydrel(R), American Electric Lighting(R), Gotham(R), Carandini(R), MetalOptics(R), Antique Street Lamps(TM), RELOC(R), Lighting Control and Design(TM), Sensor Switch(R), Synergy(R) Lighting Controls, SAERIS(TM), and ROAM(R). Headquartered in Atlanta, Georgia, Acuity Brands employs approximately 6,000 associates and has operations throughout North America and in Europe and Asia.

SOURCE: Acuity Brands, Inc.

   Acuity Brands, Inc. 
   Dan Smith, 404-853-1423

Copyright Business Wire 2009
   
   **********************************************************************
   
   As of Friday, 06-12-2009 23:59, the latest Comtex SmarTrend� Alert, 
   an automated pattern recognition system, indicated an UPTREND on 
   12-08-2008 for AYI @ $30.21.
   
   For more information on SmarTrend, contact your market data
   provider or go to www.mysmartrend.com
   
   SmarTrend is a registered trademark of Comtex News Network, Inc.
   Copyright � 2004-2009 Comtex News Network, Inc. All rights reserved.

Fox Business Video

- Helping Veterans Land Jobs
- Jul 2, 2009
  
  Baird on Helping Soldiers
- President's Plans Working
- Jul 2, 2009
  
  Goodstein on Stimulus Success
- Jackson Lives On
- Jul 2, 2009
  
  Beck on Future of Jackson
- $20 Dollars a Gallon
- Jul 2, 2009
  
  Paying More to Save Economy
- Looking for the Road to Recovery
- Jul 2, 2009
  
  Morris on Unemployment

FOX Translator

Indices

No data currently available.

Top Stock Gainers

No data currently available.

Most Searched Symbols

SYMBOL

Word of the Day

No-Load Funds

Some mutual funds want you to pay for the privilege of them (or your investment adviser) taking your money to invest. It's called a load, and it works like a cover charge to get into a nightclub. Luckily, there are such things as no-load funds. As the name implies, shares of these funds are sold without a fee paid to a broker or investment advisor.

The entire amount you invest in no-load funds goes to work for your returns. On the other hand, with load funds, right off the bat you're charged commission (not to mention other fees incurred over the life of the investment). Let's say, for example, you invest $25,000 into a load fund that charges a 5% commission. This costs you $1,250 off the top, bringing your actual investment down to only $23,750.

The often-cited horse race analogy argues against investing in load funds. Here's the logic behind it: Would you place a bet on a horse that had to start a race 200 yards behind the others? Well, maybe you would if you got a tip from a sketchy, trench coat-clad man in a dark alley. However, under most circumstances, it's not smart to put your money on that handicapped horse.

But some argue that at times that man in the trench coat (aka your broker) knows more about the horses than you do, and has a better shot at picking a winner. Also, sometimes these fees are unavoidable because some funds are available only through investment advisers.

Cost-benefit analysis can help determine when a load fund is worth it (in other words, when it will score you a load) and when it is better to "do it yourself" and avoid the fees. Load-fund fees range depending on share class and can cover a variety of costs, such as paper work and fund management.