ATKR
Atkore Inc.64.05
-0.53-0.82%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Market color, comps detail no guide change
Q&A drilled into accelerating PVC and steel conduit volumes from border wall projects and data center backlogs, with Dodge Index signaling broad nonres strength. Imports crimp PVC (under 10% share, growing despite 10% tariff) but recede low-mid single digits in steel, aiding Atkore's gains. No guidance lift despite Q1 beat—Q2 comps tough, price/cost headwinds H1-loaded but H2-positive; plant closures track for $10-12M+ savings, S&I margins to regress to 12-14%. Strategic review progresses sans timeline. Steel pricing trends up sequentially, yet guide bakes no big spreads. Q&A reaffirms back-half weighting. Productivity stays key watch.
Key Stats
Market Cap
2.16BP/E (TTM)
-Basic EPS (TTM)
-0.45Dividend Yield
0.02%Recent Filings
8-K
New director from activist deal
Atkore entered a cooperation agreement with Irenic Capital on November 20, 2025, leading to Franklin S. Edmonds, Jr.'s immediate board appointment on November 28. Edmonds joins the new Strategic Review Committee. Standard non-employee director pay applies. No other arrangements or conflicts disclosed.
10-K
FY2025 results
Atkore's FY2025 net sales fell 11.0% y/y to $2.85B, with Electrical down 15.1% to $2.00B on lower average selling prices while Safety & Infrastructure edged up 0.5% to $853M via volume gains. Operating income plunged 96.3% to $23M after $214M asset impairments, mainly HDPE long-lived assets, yielding a $15M net loss. Q4 reflected pricing normalization and HDPE pressures, yet cash swelled to $507M with $403M operating cash flow. Debt steady at $771M; $328M remains for buybacks. Non-residential construction weakness threatens momentum.
8-K
Atkore expands strategic review
Atkore struck a cooperation deal with Irenic Capital on November 20, 2025, adding Franklin S. Edmonds, Jr. to its board and forming a Strategic Review Committee to evaluate alternatives including a full company sale. Citi and J.P. Morgan will run the process; Bruce Taten joins as advisor. Activist pressure yields board refreshment. No set timeline.
8-K
Atkore reports FY25 loss, explores sale
Atkore posted FY2025 net sales of $2.85B, down 11%, with net loss of $15.2M versus prior profit, hit by $214M asset impairments including HDPE and goodwill. Adjusted EBITDA fell to $386M; impairments crushed results. Board expanded strategic alternatives review to possible full sale. FY2026 outlook: sales $3.0-3.1B, Adjusted EBITDA $340-360M. Review drives value.
8-K
Atkore refinances $373M term loan
Atkore's subsidiary entered a $373M senior secured term loan amendment on September 29, 2025, refinancing existing term loans with a 2032 maturity (or 91 days before 2031 senior notes if over $100M outstanding). SOFR + 2.00% pricing applies, with 1% annual amortization and leverage-based excess cash flow prepayments. Lenders gain extended runway while retaining tight covenants.
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