What is Acuity Brands's goodwill impairment?

Acuity Brands (AYI) reported goodwill impairment of $0 in Q2 2023.

What does goodwill impairment mean?

A reduction in the recorded value of goodwill because the acquired business is worth less than expected.

How do you interpret goodwill impairment?

An increase signals poor acquisition performance, overpayment, or deteriorating market conditions for the acquired unit.

How does goodwill impairment compare across companies?

Peers typically report this as an infrequent, non-recurring expense; frequent impairments suggest poor capital allocation.

Acuity Brands AYI Goodwill impairment

Goodwill impairment at other companies

Honeywell InternationalHON

$0—

Other financials

Income statement

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Revenue$1.1B+4.9%

Gross profit$520.4M+11.2%

Operating income$133.0M+20.7%

Net income$96.8M+24.9%

EPS (diluted)$3.09+26.1%

Balance sheet

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Cash & equivalents$272.5M-31.5%

Total debt$808.2M-32.2%

Total equity$2.8B+12.7%

Total assets$4.6B-0.5%

Cash flow

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Operating cash flow$89.1M+50.0%

CapEx$15.8M+62.9%

Free cash flow$73.3M+47.5%

Valuation

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Market cap$9.63B+0.5%

Enterprise value$10.16B-2.1%

P/E22.4×-0.6×

P/S2.1×-0.3×

Profitability

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Gross margin48.7%+1.8pp

Operating margin13.4%-0.4pp

Net margin9.4%-1.2pp

FCF margin12.2%+0.7pp

Returns & leverage

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Return on equity16%-1.8pp

Debt / equity0.3×-0.2×

Current ratio2.1×+0.1×

Where this comes from

Reported directly by Acuity Brands in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Acuity Brands’s 10-K, filed October 27, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Acuity Brands's goodwill impairment?: Acuity Brands (AYI) reported goodwill impairment of $0 in Q2 2023.
What does goodwill impairment mean?: A reduction in the recorded value of goodwill because the acquired business is worth less than expected.
How do you interpret goodwill impairment?: An increase signals poor acquisition performance, overpayment, or deteriorating market conditions for the acquired unit.
How does goodwill impairment compare across companies?: Peers typically report this as an infrequent, non-recurring expense; frequent impairments suggest poor capital allocation.