1144215--10/30/2009--ACUITY_BRANDS_INC

related topics
{cost, operation, labor}
{acquisition, growth, future}
{condition, economic, financial}
{cost, regulation, environmental}
{capital, credit, financial}
{customer, product, revenue}
{control, financial, internal}
{financial, litigation, operation}
{personnel, key, retain}
{interest, director, officer}
{tax, income, asset}
{product, market, service}
{stock, price, share}
Risks Related to the Business of Acuity Brands, Inc. General business and economic conditions may affect demand for the Company s products and services which could impact results from operations. Tightening credit conditions could negatively impact demand for the Company s products and services. Acuity Brands is heavily dependent on the strength of construction activity. Acuity Brands results may be adversely affected by fluctuations in the cost or availability of raw materials and components. Acuity Brand s results may be adversely affected by the Company s inability to maintain pricing. Acuity Brands may experience difficulties in the consolidation of manufacturing facilities which could impact the shipments to customers, product quality, and the ability to realize the expected savings from accelerated streamlining actions. Tightening credit conditions could impair the Company s ability to effectively access capital markets. Acuity Brands is subject to risks related to operations outside the United States. Acuity Brands is subject to a broad range of environmental, health, and safety laws and regulations in the jurisdictions in which it operates, and the Company may be exposed to substantial environmental, health, and safety costs and liabilities. Acuity Brands may develop unexpected legal contingencies or matters that exceed insurance coverage. Acuity Brands may pursue future growth through strategic acquisitions and alliances which may not yield anticipated benefits. Technological developments and increased competition could affect the Company s operating profit margins and sales volume. Acuity Brands may be unable to sustain significant customer relationships. If Acuity Brands products are improperly designed, manufactured, packaged, or labeled, the Company may need to recall those items and could be the target of product liability claims if consumers are injured. Acuity Brands could be adversely affected by disruptions of its operations. Failure of a Company operating or information system or a compromise of security with respect to an operating or information system or portable electronic device could adversely affect the Company s results from operations and financial condition or the effectiveness of internal controls over operations and financial reporting. The inability to attract and retain talented employees and a loss of key employees could adversely affect the effectiveness of the Company s operations. The risks associated with the inability to effectively execute its strategies could adversely affect the Company s results from operations and financial condition. Risks Related to Ownership of Acuity Brands Common Stock The market price and trading volume of the Company s shares may be volatile. Risks Related to the Spin-off of Zep Inc. Failure of the distribution to qualify as a tax-free transaction could result in substantial liability.

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