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Atkore Inc. (symbol: ATKR) is a leading industrial company specializing in electrical raceway solutions and mechanical products. With a mission to be the customer's first choice, Atkore delivers unmatched quality, delivery, and value across its comprehensive product portfolio. The company serves a global market with its 3,100 employees and operates 39 manufacturing and distribution facilities worldwide.
Atkore's core business lies in two main segments: Electrical and Safety and Infrastructure. The electrical segment, which contributes most to net sales, includes key product categories such as PVC conduit, steel conduit, and PVC-coated conduit. These products are essential for electrical distributors and play a crucial role in deploying, isolating, and protecting a structure’s electrical circuitry from source to outlet. The safety and infrastructure segment focuses on products like in-line galvanized mechanical tubes, metal framing, related fittings, and security bollards. Additionally, Atkore provides ancillary services to customers, including slitting and cutting structural steel sheets.
The company’s commitment to quality is reflected in its robust product line that includes steel, PVC, and aluminum conduit, armored cable, flexible conduits, metal framing, wire baskets, cable trays, and other complementary products including fittings and mechanical pipe. This wide range of products ensures that Atkore meets diverse customer needs effectively.
Recent achievements underscore Atkore's growth and innovation in the industry. The company has continuously adapted to market demands and expanded its product offerings, ensuring sustainable excellence in strategy, people, and processes. Partnerships and strategic initiatives have further solidified Atkore's position as a reliable provider of electrical and mechanical solutions.
Investors and stakeholders can stay updated with the latest developments and performance metrics of Atkore Inc. through regular news updates, showcasing the company's ongoing projects and financial health. Atkore's dedication to excellence and customer satisfaction makes it a significant player in the industrial sector.
Atkore Inc. (NYSE: ATKR) reported its fiscal 2024 third quarter results, showing a 10.5% decrease in net sales to $822.4 million. Net income decreased by 38.7% to $123.4 million, while Adjusted EBITDA fell by 23.7% to $206.1 million. The company faced challenges due to demand increase and soft pricing in the Electrical business. Despite this, Atkore maintained Adjusted EBITDA margins over 25% on flat volume compared to the prior year. The Safety & Infrastructure segment showed improvement, increasing Adjusted EBITDA by 40%. Atkore has adjusted its full-year outlook, with Adjusted EBITDA now expected to be $772-$782 million and Adjusted net income per diluted share at $14.30-$14.52. The company also declared a quarterly cash dividend of $0.32 per share.
Atkore Inc. (NYSE: ATKR), a leading manufacturer of electrical products, has announced a quarterly cash dividend of $0.32 per share of common stock. The dividend will be payable on August 30, 2024, to stockholders of record as of August 20, 2024. Atkore specializes in producing electrical products for various applications, including commercial, industrial, data center, telecommunications, and solar sectors. This dividend declaration demonstrates the company's commitment to returning value to its shareholders and reflects confidence in its financial position.
Atkore Inc. (NYSE: ATKR) announced a leadership transition in its financial team. David Johnson, the current Vice President, CFO, and CAO, will resign on August 9, 2024, to pursue a career outside the electrical industry. John Deitzer will assume the role of VP and CFO, while James Alvey will become the new CAO.
Deitzer, with 19 years of experience in finance, joined Atkore in 2019 and most recently served as VP of Finance for the Electrical business unit. Alvey, who has been with Atkore for four years, will continue overseeing corporate accounting and compliance in addition to his new CAO responsibilities.
CEO Bill Waltz praised Johnson's contributions, highlighting Atkore's balanced capital deployment model under his leadership. The company expects a smooth transition due to its disciplined financial management and succession planning.
Atkore Inc. (NYSE: ATKR), a leading manufacturer of electrical products for various applications, has announced the release date for its Third Quarter Fiscal Year 2024 earnings. The results will be disclosed before the market opens on Tuesday, August 6, 2024, followed by a conference call at 8:00 a.m. (ET) the same day. Investors can join the call using the provided dial-in numbers and conference ID. A webcast of the live conference call will be available on the company's Investor Relations website, with an online replay accessible after the call. Additionally, a telephonic replay will be available until August 20, 2024.
Atkore announced the publication of Environmental Product Declarations (EPDs) for its Galvanized Steel, Stainless Steel, and PVC Conduit & Fittings portfolios. Verified by an independent third party, these EPDs assess environmental impacts like greenhouse gas emissions, energy use, water consumption, and waste generation. CEO Bill Waltz highlighted Atkore's commitment to sustainability and its leadership in the electrical industry. EPDs help customers make informed decisions, support Scope 3 carbon calculations, and contribute to green building certifications. Recognized by Newsweek and USA Today for sustainability, Atkore will continue publishing EPDs to add value to customers.
Atkore Inc. announced second quarter 2024 results, with net sales of $792.9 million, down 11.5% from the prior year. Net income per diluted share decreased by $0.64 to $3.67, while adjusted net income per diluted share decreased by $0.79 to $4.08. Full-year Adjusted EBITDA outlook is $850 - $900 million. The company declared a quarterly cash dividend of $0.32 per share.
Atkore Inc., a leading manufacturer of electrical products, declared a quarterly cash dividend of $0.32 per share of common stock. The dividend is payable on May 31, 2024, to stockholders of record on May 21, 2024.
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