Baron Funds Comments on Acuity Brands

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Sep 19, 2016

We are also invested in Acuity Brands, Inc. (NYSE:AYI), North America’s leading provider of innovative lighting systems. With solid brands and an extensive agency network, we believe Acuity stands to benefit from secular demand for more energy-efficient lighting, generated by government regulations and tax savings in the near term and significant cost savings in the long term. Acuity services the commercial real estate construction industry, and with lighting comprising 21% of energy use in commercial buildings, we see additional potential growth driven by the trend toward “smart” buildings and cities, and the retrofit opportunity for older, less efficient structures.

From Baron Funds' Second Quarter Insight: Finding Growth in Industrials.