Acuity Brands, Inc. (NYSE:AYI) reported Q1 results, with revenues coming in at $926 million (up 16.9%), beating the consensus estimate of $896 million. Adjusted EPS was $2.85, compared to the Street estimate of $2.41. Gross Margin was 41.7%, reflecting volume, continuous product and productivity improvements, and price, largely offsetting significantly higher materials and freight costs.