Genlyte Group Inc. (GLYT)

The Genlyte Group Incorporated engages in the design, manufacture, marketing, and sale of lighting fixtures, controls, and related products primarily in the United States, Canada, and Mexico. Its products include incandescent, fluorescent, light emitting diodes, and high-intensity discharge lighting fixtures, lighting controls, poles, and related accessories, as well as task lighting products. The company serves commercial, residential, industrial, institutional, medical, entertainment, hospitality, theatrical, and sports markets. Its products are marketed through independent sales representatives and direct sales personnel to distributors, electrical wholesalers, mass merchandisers, and national accounts. The Genlyte Group was founded in 1985 and is based in Louisville, Kentucky.

For the nine months ended 30 September 2006, Genlyte Group Inc.'s revenues increased 17% to $1.11B. Net income increased 99% to $122.5M. Revenues reflect an increase in sales due to combination of sales mix of higher quality products, increased prices post hurricane Katrina construction activity & new product offerings and improvement in commercial market. Net income also reflects improved gross margins and lower net interest expenses.