Acuity Inc. (NYSE:AYI) is looking for acquisitions. During the Acuity Fiscal 2026 Third Quarter Earnings Call, Karen Holcom, Senior Vice President and Chief Financial Officer, said "So our capital allocation framework has not changed. We continue to invest in the business for growth. We've increased our dividend this year, and we will evaluate acquisition opportunities".
Neil Ashe, Chairman, President and Chief Executive Officer, said, "We can invest in our current businesses for growth. We can invest in acquisitions. We can increase our dividend, and we can repurchase shares, which we've demonstrated we do very effectively. So as we look forward on the acquisition front, we are enthusiastic about the opportunities that are ahead of us in AIS. There are multiple areas that we have identified that are attractive for us to continue to add to the portfolio. So we can expand Distech, we can expand QSC and their footprint, and we can add additional things. So -- but I balance that by saying our view on acquisitions is really quality and not quantity. So we're focused on ensuring that we buy the right assets". "So in summary, we believe from a capital allocation perspective, we have the ability to do all of the above to grow our current businesses, to acquire businesses, to pay our dividend and to repurchase stock. And we're looking forward to additional acquisitions, which will build out AIS as our first priority".