
Atkore Inc. Announces Second Quarter 2025 Results
HARVEY, Ill.--(BUSINESS WIRE)--Atkore Inc. (the 'Company' or 'Atkore') (NYSE: ATKR) announced earnings for its fiscal 2025 second quarter ended March 28, 2025.
'Atkore delivered strong second quarter results. We grew organic volume 5% year over year,' commented Bill Waltz, Atkore's President and Chief Executive Officer. 'The Company also realized improved productivity year over year.'
Waltz continued, 'Especially during these dynamic times, Atkore's diverse portfolio which is predominantly sourced and manufactured domestically allows us to navigate what has been a challenging set of market conditions. Our achievements would not be as strong without the dedication of our teams. As I've said before, our people are truly our greatest asset. I'm proud that Atkore has once again earned the USA Today Top Workplaces award, underscoring our commitment to 'People' as one of the fundamentals of the Atkore Business System.'
2025 Second Quarter Results
Net sales decreased by $91.2 million, or 11.5%, to $701.7 million for the three months ended March 28, 2025, compared to $792.9 million for the three months ended March 29, 2024. The decrease in net sales is primarily attributed to decreased average selling prices across the Company's products of $131.4 million and partially offset by increased sales volume of $38.9 million.
Gross profit decreased by $106.5 million, or 36.5%, to $185.1 million for the three months ended March 28, 2025, as compared to $291.6 million for the prior-year period. Gross margin decreased to 26.4% for the three months ended March 28, 2025, as compared to 36.8% for the prior-year period. Gross profit decreased primarily due to declines in average selling prices of $131.4 million and increased freight costs of $8.8 million, partially offset by increased sales and cost of sales volume of $16.4 million and decreased input costs of $26.8 million.
Net income decreased by $188.0 million, or 136.3%, to a net loss of $50.1 million for the three months ended March 28, 2025 compared to $138.0 million of net income for the prior-year period primarily due to lower gross profit of $106.5 million, asset impairment charges of $127.7 million, loss on sale of a business of $6.1 million, partially offset by lower income tax expense of $48.3 million and lower intangible amortization of $4.1 million.
Adjusted EBITDA decreased by $95.5 million, or 45.1%, to $116.4 million for the three months ended March 28, 2025 compared to $211.9 million for the three months ended March 29, 2024. The decrease was primarily due to lower gross profit.
Net (loss) income per diluted share prepared in accordance with accounting principles generally accepted in the United States of America ('GAAP') was $(1.46) for the three months ended March 28, 2025, as compared to $3.67 in the prior-year period. Adjusted net income per diluted share decreased by $2.04 to $2.04 for the three months ended March 28, 2025, as compared to $4.08 in the prior year period. The decrease in diluted earnings (loss) per share is primarily attributed to the net loss recorded in the quarter.
Segment Results
Electrical
Net sales decreased by $98.1 million, or 16.6%, to $492.7 million for the three months ended March 28, 2025 compared to $590.8 million for the three months ended March 29, 2024. The decrease in net sales is primarily attributed to decreased average selling prices of $115.5 million and partially offset by increased sales volume of $21.5 million.
Adjusted EBITDA for the three months ended March 28, 2025 decreased by $104.8 million, or 53.5%, to $90.9 million from $195.8 million for the three months ended March 29, 2024. Adjusted EBITDA margin decreased to 18.5% for the three months ended March 28, 2025 compared to 33.1% for the three months ended March 29, 2024. The decrease in Adjusted EBITDA and Adjusted EBITDA margin was largely due to lower average selling prices.
Safety & Infrastructure
Net sales increased by $6.9 million, or 3.4%, for the three months ended March 28, 2025 to $209.3 million compared to $202.4 million for the three months ended March 29, 2024. The increase is primarily attributed to higher sales volume of $17.4 million and lower solar credit rebates of $5.8 million partially offset by lower selling prices of $15.9 million.
Adjusted EBITDA increased by $10.5 million, or 41.3%, to $36.1 million for the three months ended March 28, 2025 compared to $25.5 million for the three months ended March 29, 2024. Adjusted EBITDA margin increased to 17.2% for the three months ended March 28, 2025 compared to 12.6% for the three months ended March 29, 2024. The increase in Adjusted EBITDA and Adjusted EBITDA margin was largely due to higher than expected margins in the construction business.
Liquidity & Capital Resources
On April 30, 2025, Atkore's Board of Directors declared a quarterly cash dividend of $0.33 per share of common stock payable on May 28, 2025, to stockholders of record on May 16, 2025.
Full-Year Outlook 1
The Company is maintaining its estimate for fiscal year 2025 Adjusted EBITDA to be approximately $375 million to $425 million, and maintaining its estimate for Adjusted net income per diluted share to $5.75 - $6.85.
The Company notes that this perspective may vary due to changes in assumptions or market conditions and other factors described under 'Forward-Looking Statements.'
Conference Call Information
Atkore management will host a conference call today, May 6, 2025, at 8 a.m. Eastern time, to discuss the Company's financial results. The conference call may be accessed by dialing (888) 330-2446 (domestic) or (240) 789-2732 (international). The call will be available for replay until May 20, 2025. The replay can be accessed by dialing (800) 770-2030 for domestic callers, or for international callers, (609) 800-9909. The passcode for the live call and the replay is 5592214.
Interested investors and other parties can also listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.atkore.com. The online replay will be available on the same website immediately following the call.
To learn more about the Company, please visit the Company's website at https://investors.atkore.com.
About Atkore Inc.
Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications. With 5,600 employees and $3.2B in sales in fiscal year 2024, we deliver sustainable solutions to meet the growing demands of electrification and digital transformation. To learn more, please visit www.atkore.com.
Dissemination of Company Information
Atkore intends to make future announcements regarding company developments and financial performance through its website, www.atkore.com, as well as through press releases, filings with the Securities and Exchange Commission (the 'SEC'), conference calls, media broadcasts, and webcasts.
Forward-Looking Statements
This press release contains 'forward-looking statements' within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements relating to financial outlook. Some of the forward-looking statements can be identified by the use of forward-looking terms such as 'believes,' 'expects,' 'may,' 'will,' 'shall,' 'should,' 'would,' 'could,' 'seeks,' 'aims,' 'projects,' 'is optimistic,' 'intends,' 'plans,' 'estimates,' 'anticipates' or other comparable terms. Forward-looking statements include, without limitation, all matters that are not historical facts. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of the market in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results of operations, financial condition and cash flows, and the development of the market in which we operate, are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.
A number of important factors, including, without limitation, the risks and uncertainties disclosed in the Company's filings with the SEC including but not limited to the Company's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K could cause actual results and outcomes to differ materially from those reflected in the forward-looking statements. Additional factors that could cause actual results and outcomes to differ from those reflected in forward-looking statements include, without limitation: declines in, and uncertainty regarding, the general business and economic conditions in the United States and international markets in which we operate; weakness or another downturn in the United States non-residential construction industry; changes in prices of raw materials; pricing pressure, reduced profitability, or loss of market share due to intense competition; availability and cost of third-party freight carriers and energy; high levels of imports of products similar to those manufactured by us; changes in federal, state, local and international governmental regulations and trade policies, including application of tariffs; adverse weather conditions; increased costs relating to future capital and operating expenditures to maintain compliance with environmental, health and safety laws; reduced spending by, deterioration in the financial condition of, or other adverse developments, including inability or unwillingness to pay our invoices on time, with respect to one or more of our top customers; increases in our working capital needs, which are substantial and fluctuate based on economic activity and the market prices for our main raw materials, including as a result of failure to collect, or delays in the collection of, cash from the sale of manufactured products; work stoppage or other interruptions of production at our facilities as a result of disputes under existing collective bargaining agreements with labor unions or in connection with negotiations of new collective bargaining agreements, as a result of supplier financial distress, or for other reasons; widespread outbreak of diseases; changes in our financial obligations relating to pension plans that we maintain in the United States; reduced production or distribution capacity due to interruptions in the operations of our facilities or those of our key suppliers; loss of a substantial number of our third-party agents or distributors or a dramatic deviation from the amount of sales they generate; security threats, attacks, or other disruptions to our information systems, or failure to comply with complex network security, data privacy and other legal obligations or the failure to protect sensitive information; possible impairment of goodwill or other long-lived assets as a result of future triggering events, such as declines in our cash flow projections or customer demand and changes in our business and valuation assumptions; safety and labor risks associated with the manufacture and in the testing of our products; product liability, construction defect and warranty claims and litigation relating to our various products, as well as government inquiries and investigations, and consumer, employment, tort and other legal proceedings; our ability to protect our intellectual property and other material proprietary rights; risks inherent in doing business internationally; changes in foreign laws and legal systems; our inability to introduce new products effectively or implement our innovation strategies; our inability to continue importing raw materials, component parts and/or finished goods; the incurrence of liabilities and the issuance of additional debt or equity in connection with acquisitions, joint ventures or divestitures and the failure of indemnification provisions in our acquisition agreements to fully protect us from unexpected liabilities; failure to manage acquisitions successfully, including identifying, evaluating, and valuing acquisition targets and integrating acquired companies, businesses or assets; the incurrence of additional expenses, increases in the complexity of our supply chain and potential damage to our reputation with customers resulting from regulations related to 'conflict minerals'; disruptions or impediments to the receipt of sufficient raw materials resulting from various anti-terrorism security measures; restrictions contained in our debt agreements; failure to generate cash sufficient to pay the principal of, interest on, or other amounts due on our debt; failure to generate cash sufficient to pay dividends; challenges attracting and retaining key personnel or high-quality employees; future changes to tax legislation; failure to generate sufficient cash flow from operations or to raise sufficient funds in the capital markets to satisfy existing obligations and support the development of our business; and other risks and factors described from time to time in documents that we file with the SEC. The Company assumes no obligation to update the information contained herein, which speaks only as of the date hereof.
Non-GAAP Financial Information
This press release includes certain financial information, not prepared in accordance with Generally Accepted Accounting Principles in the United States ('GAAP'). Because not all companies calculate non-GAAP financial information identically (or at all), the presentations herein may not be comparable to other similarly titled measures used by other companies. Further, these measures should not be considered substitutes for the performance measures derived in accordance with GAAP. See non-GAAP reconciliations below in this press release for a reconciliation of these measures to the most directly comparable GAAP financial measures.
Adjusted EBITDA and Adjusted EBITDA Margin
We use Adjusted EBITDA and Adjusted EBITDA margin in evaluating the performance of our business and in the preparation of our annual operating budgets as indicators of business performance and profitability. We believe Adjusted EBITDA and Adjusted EBITDA margin allow us to readily view operating trends, perform analytical comparisons and identify strategies to improve operating performance.
We define Adjusted EBITDA as net income (loss) before income taxes, adjusted to exclude unallocated expenses, depreciation and amortization, interest expense, net, stock-based compensation, loss on extinguishment of debt, gains and losses on the divestiture of a business, impairment of assets, certain legal matters, and other items, such as inventory reserves and adjustments, loss on disposal of property, plant and equipment, insurance recovery related to damages of property, plant and equipment, release of indemnified uncertain tax positions, realized or unrealized gain (loss) on foreign currency impacts of intercompany loans and related forward currency derivatives, gain on purchase of business, loss on assets held for sale, restructuring costs and transaction costs. We define Adjusted EBITDA margin as Adjusted EBITDA as a percentage of Net sales.
We believe Adjusted EBITDA and Adjusted EBITDA margin, when presented in conjunction with comparable GAAP measures, are useful for investors because management uses Adjusted EBITDA and Adjusted EBITDA margin in evaluating the performance of our business.
Adjusted Net Income and Adjusted Net Income per Share
We use Adjusted net income and Adjusted net income per share in evaluating the performance of our business and profitability. Management believes that these measures provide useful information to investors by offering additional ways of viewing the Company's results that, when reconciled to the corresponding GAAP measure provide an indication of performance and profitability excluding the impact of unusual and certain non-cash items. We define Adjusted net income as net income before stock-based compensation, loss on extinguishment of debt, loss on assets held for sale, gains and losses on the divestiture of a business (including any additional tax adjustments related to those divestitures), insurance recoveries, asset impairment charges, intangible asset amortization, certain legal matters and other items, and the income tax expense or benefit on the foregoing adjustments that are subject to income tax. We define Adjusted net income per share as basic and diluted net income per share excluding the per share impact of stock-based compensation, intangible asset amortization, certain legal matters and other items, and the income tax expense or benefit on the foregoing adjustments that are subject to income tax.
Free Cash Flow
We define Free Cash Flow as net cash provided by (used in) operating activities, less capital expenditures. We believe that Free Cash Flow provides meaningful information regarding the Company's liquidity.
ATKORE INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(in thousands, except share and per share data)
September 30, 2024
Assets
Current Assets:
Cash and cash equivalents
$
330,385
$
351,385
Accounts receivable, less allowance for current and expected credit losses of $5,952 and $6,322, respectively
471,168
489,926
Inventories, net
521,173
524,695
Prepaid expenses and other current assets
192,967
158,382
Total current assets
1,515,693
1,524,388
Property, plant and equipment, net
622,915
652,093
Intangible assets, net
217,263
340,431
Goodwill
311,394
314,000
Right-of-use assets, net
163,492
180,656
Deferred tax assets
19,669
554
Other long-term assets
9,203
9,281
Total Assets
$
2,859,629
$
3,021,403
Liabilities and Equity
Current Liabilities:
Accounts payable
244,723
262,201
Income tax payable
3,692
2,000
Accrued compensation and employee benefits
38,526
44,723
Customer liabilities
123,017
108,782
Lease obligations
23,396
22,038
Other current liabilities
68,156
71,122
Total current liabilities
501,510
510,866
Long-term debt
765,913
764,838
Long-term lease obligations
151,571
164,328
Deferred tax liabilities
14,237
26,574
Other long-term liabilities
15,978
14,897
Total Liabilities
1,449,209
1,481,503
Equity:
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 33,651,162 and 34,859,033 shares issued and outstanding as of March 28, 2025 and September 30, 2024, respectively
337
350
Additional paid-in capital
517,228
509,254
Retained earnings
922,732
1,049,390
Accumulated other comprehensive loss
(29,877
)
(19,094
)
Total Equity
1,410,420
1,539,900
Total Liabilities and Equity
$
2,859,629
$
3,021,403
Expand
ATKORE INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Six months ended
(in thousands)
March 28, 2025
March 29, 2024
Operating activities:
Net (loss) income
$
(3,720
)
$
276,335
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization
58,571
58,475
Asset impairment charges
127,733
—
Loss on sale of business
6,101
—
Deferred income taxes
(33,428
)
(2,613
)
Stock-based compensation
13,810
9,785
Amortization of right-of-use assets
16,412
13,442
(Gain) loss on disposal of property, plant and equipment
—
(471
)
Other non-cash adjustments to net income
(42
)
5,743
Changes in operating assets and liabilities, net of effects from acquisitions
Accounts receivable
14,799
51,536
Inventories
(385
)
(72,964
)
Prepaid expenses and other current assets
(22,544
)
(9,080
)
Accounts payable
(4,277
)
(22,708
)
Accrued and other liabilities
(8,648
)
(34,170
)
Income taxes
(7,560
)
(29,945
)
Other, net
4,119
1,958
Net cash provided by operating activities
160,941
245,323
Investing activities:
Capital expenditures
(63,635
)
(73,546
)
Proceeds from sale of a business
6,711
—
Proceeds from sale of properties and equipment
7,132
548
Proceeds from insurance claims
1,770
—
Acquisition of businesses, net of cash acquired
—
(5,973
)
Net cash used in investing activities
(48,022
)
(78,971
)
Financing activities:
Issuance of common stock, net of shares withheld for tax
(5,835
)
(18,912
)
Repurchase of common stock
(100,026
)
(156,004
)
Finance lease payments
(1,363
)
(894
)
Dividends paid to shareholders
(21,989
)
(11,719
)
Net cash used in financing activities
(129,213
)
(187,529
)
Effects of foreign exchange rate changes on cash and cash equivalents
(4,706
)
1,113
Decrease in cash and cash equivalents
(21,000
)
(20,064
)
Cash and cash equivalents at beginning of period
351,385
388,114
Cash and cash equivalents at end of period
$
330,385
$
368,050
Expand
Six months ended
(in thousands)
March 28, 2025
March 29, 2024
Supplementary Cash Flow Information
Capital expenditures, not yet paid
$
2,373
$
3,632
Operating lease right-of-use assets obtained in exchange for lease liabilities
$
2,766
$
37,039
Free Cash Flow:
Net cash provided by operating activities
$
160,941
$
245,323
Capital expenditures
(63,635
)
(73,546
)
Free Cash Flow:
$
97,306
$
171,777
Expand
ATKORE INC.
ADJUSTED EBITDA
The following table presents reconciliations of Adjusted EBITDA to net income for the periods presented:
Three months ended
Six months ended
(in thousands)
March 28,
2025
March 29,
2024
March 28,
2025
March 29,
2024
Net (loss) income
$
(50,057
)
$
137,955
$
(3,720
)
$
276,335
Interest expense, net
8,261
8,321
16,470
16,114
Income tax (benefit) expense
(16,452
)
31,804
(4,193
)
61,076
Depreciation and amortization
29,238
29,455
58,571
58,475
Stock-based compensation
7,713
5,028
13,810
9,785
Loss on sale of business
6,101
—
6,101
—
Asset impairment charges
127,733
—
127,733
—
Other (a)
3,872
(649
)
787
3,653
Adjusted EBITDA
$
116,408
$
211,914
$
215,559
$
425,438
(a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs.
Expand
Six months ended
March 28, 2025
March 29, 2024
(in thousands)
Net sales
Adjusted EBITDA
Adjusted EBITDA margin
Net sales
Adjusted EBITDA
Adjusted EBITDA margin
Electrical
$
958,032
$
183,330
19.1
%
$
1,184,481
$
400,112
33.8
%
Safety & Infrastructure
405,997
51,643
12.7
%
407,545
45,042
11.1
%
Eliminations
(707
)
(634
)
Consolidated operations
$
1,363,322
$
1,591,392
Expand
ATKORE INC.
ADJUSTED NET INCOME PER DILUTED SHARE
The following table presents reconciliations of Adjusted net income to net income for the periods presented:
Three months ended
Six months ended
(in thousands, except per share data)
March 28,
2025
March 29,
2024
March 28,
2025
March 29,
2024
Net (loss) income
$
(50,057
)
$
137,955
$
(3,720
)
$
276,335
Stock-based compensation
7,713
5,028
13,810
9,785
Intangible asset amortization
10,166
14,221
21,864
28,688
Loss on sale of business
6,101
—
6,101
—
Asset impairment charges
127,733
—
127,733
—
Other (a)
3,103
(939
)
(338
)
2,673
Pre-tax adjustments to net income
154,816
18,310
169,170
41,146
Tax effect
(38,704
)
(4,578
)
(42,293
)
(10,287
)
Additional tax expense related to divestiture of a business
3,946
—
3,946
—
Adjusted net income
$
70,001
$
151,688
$
127,103
$
307,195
Diluted weighted average common shares outstanding
34,290
37,166
34,660
37,455
Net (loss) income per diluted share
$
(1.46
)
$
3.67
$
(0.11
)
$
7.28
Adjusted net income per diluted share
$
2.04
$
4.08
$
3.67
$
8.20
(a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans and insurance recoveries.
Expand
ATKORE INC.
NET DEBT
The following table presents reconciliations of Net debt to Total debt for the periods presented:
($ in thousands)
March 28,
2025
December 27,
2024
September 30,
2024
June 28,
2024
March 29,
2024
December 29,
2023
Long-term debt
$
765,913
$
765,375
$
764,838
$
764,300
$
763,762
$
763,225
Total debt
765,913
765,375
764,838
764,300
763,762
763,225
Less cash and cash equivalents
330,385
310,444
351,385
303,657
368,050
380,922
Net debt
$
435,528
$
454,931
$
413,453
$
460,643
$
395,712
$
382,303
(a) TTM Adjusted EBITDA is equal to the sum of Adjusted EBITDA for the trailing four quarter period. The reconciliation of Adjusted EBITDA for the quarter ended December 27, 2024 can be found in Exhibit 99.1 to Form 8-K filed February 4, 2025 and is incorporated by reference herein. The reconciliation of Adjusted EBITDA for the quarter ended September 30, 2024 can be found in Exhibit 99.1 to Form 8-K filed November 21, 2024 and is incorporated by reference herein. The reconciliation of Adjusted EBITDA for the quarter ended June 28, 2024 can be found in Exhibit 99.1 to Form 8-K filed August 6, 2024 and is incorporated by reference herein. The reconciliation of Adjusted EBITDA for the quarter ended March 29, 2024 can be found in Exhibit 99.1 to Form 8-K filed May 7, 2024 and is incorporated by reference herein. The reconciliation of Adjusted EBITDA for the quarter ended December 29, 2023 can be found in Exhibit 99.1 to Form 8-K filed February 1, 2024 and is incorporated by reference herein.
Expand
ATKORE INC.
TRAILING TWELVE MONTHS ADJUSTED EBITDA
The following table presents a reconciliation of Adjusted EBITDA for the trailing twelve months (TTM) ended March 28, 2025:
TTM
Three months ended
(in thousands)
March 28,
2025
March 28,
2025
December 27,
2024
September 30,
2024
June 28,
2024
Net income (loss)
$
192,815
$
(50,057
)
$
46,336
$
73,119
$
123,417
Interest expense, net
35,940
8,261
8,209
9,526
9,944
Income tax expense (benefit)
49,097
(16,452
)
12,260
18,759
34,531
Depreciation and amortization
121,113
29,238
29,333
32,611
29,932
Stock-based compensation
24,324
7,713
6,097
6,027
4,488
Loss on sale of business
6,101
6,101
—
—
—
Asset impairment charges
127,733
127,733
—
—
—
Other (a)
4,708
3,872
(3,085
)
108
3,813
Adjusted EBITDA
$
561,833
$
116,408
$
99,150
$
140,150
$
206,125
(a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs.
Expand

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TNS Unveils New Malaysian Hub to Power "Complete Commerce" and Strengthen Global Growth Strategy
KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--Transaction Network Services (TNS), a global leader in providing full-stack, modern and secure payment and network solutions, has opened a new office in Kuala Lumpur, Malaysia, signalling its investment in the APAC region and continued commitment to supporting local and global customers. By investing and building its Operations and Shared Services Center in Malaysia, TNS is reinforcing its support structure in APAC for customers in both the country and region. Share The new hub is a strategic milestone in TNS' global growth journey, positioning Malaysia as a central point for delivering expanded services under its Complete Commerce offering, which enables enterprises to accept any transaction at terminals and online, connect POS terminals and retail stores with its managed network service solutions, and orchestrate payment transactions via its cloud-native platform to any payment processor. Located in Kuala Lumpur's City Center (KLCC), TNS was honoured to be joined at its new office by many valued customers and staff, in celebrating the milestone achievement on June 11th. Hosted by John Tait, Global Managing Director, TNS Payments Market, the grand opening was marked by a ribbon cutting ceremony, tour of TNS' product display, new state of the art Network Operations Centre (NOC) and reception. 'We were thrilled to have so many customers join us for the grand opening of our new major hub for the APAC region. Over the past 12 years, TNS has consistently achieved remarkable growth in Malaysia and beyond, a testament to our expanding workforce and our ever-evolving suite of services. As we look ahead, we are excited about our future opportunities and confident that our Malaysian hub will be instrumental in driving our continued success and growth in the region,' said Ganesh Satkunalingam, TNS' Vice President for Southeast Asia, for its Payments Market business. As the digital payments ecosystem rapidly evolves, TNS continues to invest in infrastructure that brings it closer to its customers. The Kuala Lumpur hub will initially house over 50 employees across functions such as Sales, Engineering, Network Operations, Finance, Solutions Consulting, and Project Management—with further growth anticipated. The site includes a 24x7x365 Network Operations Center (NOC), enabling real-time, round-the-clock service delivery to customers globally. TNS has been operating in Malaysia since 2013, initially serving a single global payments customer. Over the past decade, the company has experienced double-digit growth and expanded its services to include various sectors, such as acquirers, financial institutions, Independent ATM Deployers (IADs), retailers, and fuel retailers, both locally and internationally. The move to a larger, centrally located facility in Kuala Lumpur is a clear signal of the company's long-term investment in the region. 'By investing and building its Operations and Shared Services Center in Malaysia, TNS is reinforcing its support structure in APAC for customers in both the country and region. We want our customers to have the confidence that we're closer to them in the market. With a long history in the region, we're delighted that Malaysia will play a central role in our long-term global strategy with a 24x7 Network Operations Center,' said John Tait, Global Managing Director, TNS Payments Market. With the number of personnel at the previous office increasing by twenty times in the last decade, the new office will support continued growth and further expansion. This growth in headcount predominantly includes local hires, the majority of which have joined TNS via recommendations, highlighting the growth culture that the company has created. For more information, visit About TNS TNS is a global leader in providing full-stack, modern and secure payment and network solutions. As a leading provider of Infrastructure-as-a-Service (IaaS) solutions with more than 30 years' experience, TNS has been offering managed service solutions to more than 1,400 organizations in over 50 countries. TNS' comprehensive portfolio spans from cutting-edge unattended and in-store payment terminals, online solutions to secure global network connectivity and seamless payment processing through its cloud native payment orchestration platform. With TNS' portfolio of industry leading services, customers can reduce the complexities of fragmented payments and connectivity with just one trusted managed service partner. For more information, please visit:
Yahoo
41 minutes ago
- Yahoo
TNS Unveils New Malaysian Hub to Power "Complete Commerce" and Strengthen Global Growth Strategy
KUALA LUMPUR, Malaysia, June 12, 2025--(BUSINESS WIRE)--Transaction Network Services (TNS), a global leader in providing full-stack, modern and secure payment and network solutions, has opened a new office in Kuala Lumpur, Malaysia, signalling its investment in the APAC region and continued commitment to supporting local and global customers. The new hub is a strategic milestone in TNS' global growth journey, positioning Malaysia as a central point for delivering expanded services under its Complete Commerce offering, which enables enterprises to accept any transaction at terminals and online, connect POS terminals and retail stores with its managed network service solutions, and orchestrate payment transactions via its cloud-native platform to any payment processor. Located in Kuala Lumpur's City Center (KLCC), TNS was honoured to be joined at its new office by many valued customers and staff, in celebrating the milestone achievement on June 11th. Hosted by John Tait, Global Managing Director, TNS Payments Market, the grand opening was marked by a ribbon cutting ceremony, tour of TNS' product display, new state of the art Network Operations Centre (NOC) and reception. "We were thrilled to have so many customers join us for the grand opening of our new major hub for the APAC region. Over the past 12 years, TNS has consistently achieved remarkable growth in Malaysia and beyond, a testament to our expanding workforce and our ever-evolving suite of services. As we look ahead, we are excited about our future opportunities and confident that our Malaysian hub will be instrumental in driving our continued success and growth in the region," said Ganesh Satkunalingam, TNS' Vice President for Southeast Asia, for its Payments Market business. As the digital payments ecosystem rapidly evolves, TNS continues to invest in infrastructure that brings it closer to its customers. The Kuala Lumpur hub will initially house over 50 employees across functions such as Sales, Engineering, Network Operations, Finance, Solutions Consulting, and Project Management—with further growth anticipated. The site includes a 24x7x365 Network Operations Center (NOC), enabling real-time, round-the-clock service delivery to customers globally. TNS has been operating in Malaysia since 2013, initially serving a single global payments customer. Over the past decade, the company has experienced double-digit growth and expanded its services to include various sectors, such as acquirers, financial institutions, Independent ATM Deployers (IADs), retailers, and fuel retailers, both locally and internationally. The move to a larger, centrally located facility in Kuala Lumpur is a clear signal of the company's long-term investment in the region. "By investing and building its Operations and Shared Services Center in Malaysia, TNS is reinforcing its support structure in APAC for customers in both the country and region. We want our customers to have the confidence that we're closer to them in the market. With a long history in the region, we're delighted that Malaysia will play a central role in our long-term global strategy with a 24x7 Network Operations Center," said John Tait, Global Managing Director, TNS Payments Market. With the number of personnel at the previous office increasing by twenty times in the last decade, the new office will support continued growth and further expansion. This growth in headcount predominantly includes local hires, the majority of which have joined TNS via recommendations, highlighting the growth culture that the company has created. For more information, visit About TNS TNS is a global leader in providing full-stack, modern and secure payment and network solutions. As a leading provider of Infrastructure-as-a-Service (IaaS) solutions with more than 30 years' experience, TNS has been offering managed service solutions to more than 1,400 organizations in over 50 countries. TNS' comprehensive portfolio spans from cutting-edge unattended and in-store payment terminals, online solutions to secure global network connectivity and seamless payment processing through its cloud native payment orchestration platform. With TNS' portfolio of industry leading services, customers can reduce the complexities of fragmented payments and connectivity with just one trusted managed service partner. For more information, please visit: View source version on Contacts Company Contact: TNSSarah Chapman/Maria McDonald+44 (0)114 292 0200pr@ OrMedia Contact SkyParlour for TNSClaire Holden+44 (0)330 043 1315tns@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Provenir to Moderate Panel Discussion on Digital Identity and Authentication for Malaysian Fraud Prevention at the AI, Cloud & Cybersecurity Congress 2025
Hosted by The Digital Banker, the one-day event is the quintessential forum for Malaysian banking innovation KUALA LUMPUR, Malaysia, June 12, 2025--(BUSINESS WIRE)--Provenir: WHAT: Malaysia has suffered a staggering RM54.02 billion in losses due to financial scams, underscoring the urgent need for stronger fraud prevention measures. The financial crime landscape in Malaysia is becoming increasingly complex, and organizations need the most advanced technology in place to thwart these threats. Highlighting the importance of this issue, Kavinesswaran Karthigasan, APAC Regional Sales Director and Principal Consultant with Provenir, will moderate a panel discussion on "The Digital Identity & Authentication – Building Trust in Malaysia's Digital Banking Ecosystem," as part of The AI, Cloud & Cybersecurity Congress 2025 event in Kuala Lumpur, Malaysia next week. Panelists include representatives from CIMB, Maybank, Boost Bank and Standard Charter. The session will highlight how Malaysian banks can enhance digital identity verification, implement AI-driven authentication systems, and the role of Open Finance frameworks. Karthigasan will also host a panel on "Scaling Bank-Fintech Partnerships in Malaysia – From Collaboration to Success," with panelists from SC Ventures, GX Bank and BCS. WHEN: The panel discussions will take place June 17 at the Mandarin Oriental Kuala Lumpur, Malaysia, as part of The AI, Cloud & Cybersecurity Congress 2025, designed to deliver practical strategies and insights that financial leaders can implement immediately. The event is organized by The Digital Banker and gathers thought leaders, regulators, and innovators to explore how cloud technologies, artificial intelligence, and cybersecurity can drive resilience, efficiency, and innovation in banking in Malaysia. About Provenir Provenir helps banks, fintechs and financial services providers unlock the secret to smarter risk decisioning. Provenir's AI Decisioning Platform brings together the power of decisioning, data, and decision intelligence to drive smarter decisions. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in the customer experience, best-in-class fraud prevention, access to financial services, business agility, and more. Provenir works with disruptive financial services organizations in more than 60 countries and processes more than 4 billion transactions annually. View source version on Contacts Media Contact: Kelly PoffenbergerLutz Public Relations and Marketing (for Provenir)kelly@ 714.553.9071 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data