Latest news with #BillWaltz
Business Wire
06-05-2025
- Business
- Business Wire
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 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 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 Dissemination of Company Information Atkore intends to make future announcements regarding company developments and financial performance through its website, 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
Yahoo
24-04-2025
- Business
- Yahoo
Atkore Expects Strong Solid Q2 Performance Despite Flags Impairment Charge, Reaffirms FY25 Outlook
Atkore Inc. (NYSE:ATKR) shares are trading higher on Tuesday. On Monday, the company disclosed preliminary results for the second quarter of FY25. The company expects net sales of around $695 million—$705 million (vs. a consensus of $690.8 million) and adjusted EPS of roughly $2.01-$2.08 (vs. a street view of $1.40). Atkore also expects adjusted EBITDA of around $115 million-$118 million for the quarter. : Atkore Is Poised To Benefit From 'Electrification Megatrends': Analyst The preliminary results reflect volume growth in the mid-single digits and better-than-expected manufacturing productivity. The quarterly net loss and diluted loss per share were mainly due to a non-cash, pre-tax impairment charge of $121 million—$162 million related to High-Density Polyethylene (HDPE) assets. Notably, on April 15, 2025, the company identified an impairment of certain HDPE pipe and conduit assets due to emerging competing technology, reduced public spending, delayed broadband funding, and revised cash flow projections. Labor deal: Moreover, the company inked a new 5-year labor agreement with the United Steelworkers for its Harvey, Illinois facility. The contract, retroactive to April 2024, follows the expiration of the previous agreement and reflects a successful collaboration between both parties. FY25 Outlook Reiterated: The company continues to project net sales of $2,850 million to $2,950 million (vs. consensus of $2.85 billion), adjusted EPS of $5.75 to $6.85 (vs. street view of $6.09), and adjusted EBITDA of $375 million to $425 million. Bill Waltz, Atkore's President and Chief Executive Officer added, 'We are confident that our business model and diverse portfolio will enable us to continue to effectively adapt in these dynamic times. Notably, we source and manufacture most of our products in the U.S. and most of our customers operate domestically.' Atkor plans to release second-quarter earnings results on May 6, 2025. Investors can gain exposure to the stock via The Acquirers Fund (NYSE:ZIG) and First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT). Price Action: ATKR shares are up 9.41% to $62.07 at the last check on Tuesday. Read Next:Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Atkore Expects Strong Solid Q2 Performance Despite Flags Impairment Charge, Reaffirms FY25 Outlook originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
31-03-2025
- Business
- Yahoo
Atkore Inc. Receives 2025 Top Workplaces Award
HARVEY, Ill., March 31, 2025--(BUSINESS WIRE)--Atkore Inc. (the "Company") (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that it has earned the 2025 USA Today Top Workplaces award. The award honors organizations that have created exceptional, people-first cultures that values employee listening and engagement. It is the fourth consecutive award for the Company. "At Atkore, people truly are our greatest asset, and we fully embrace the uniqueness that each one of us brings to the table," commented Bill Waltz, Atkore President and CEO. "The Top Workplaces award is a direct reflection of how our employees feel valued and their voices heard. With an openness to different opinions, ideas and experiences, Atkore is committed to unlocking the full potential of each employee to drive individual success and differentiate us as an organization." "Earning a USA TODAY Top Workplaces award is a testament to an organization's credibility and commitment to a people-first culture," said Eric Rubino, CEO of Energage. "This award, driven by real employee feedback, is more than just a recognition — it's proof that your employees believe in the organization and its leadership. Job seekers and customers look for this trusted badge of credibility and excellence." Winners of USA Today Top Workplaces award are determined by authentic employee feedback captured through a confidential survey conducted by Energage, the HR research and technology company behind the Top Workplaces program since 2006. The results are calculated based on employee responses to statements about Workplace Experience Themes, which are proven indicators of high performance. 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 Dissemination of Company Information Atkore intends to make future announcements regarding company developments and financial performance through its website, as well as through press releases, filings with the Securities and Exchange Commission, conference calls, media broadcasts, and webcasts. View source version on Contacts Media Contact:Lisa WinterVice President - Communications708-225-2453AtkoreCommunications@ Investor Contact:Matthew KlineVice President - Treasury & Investor Relations708-225-2116Investors@ Sign in to access your portfolio
