Welcome to our dedicated page for Atkore news (Ticker: ATKR), a resource for investors and traders seeking the latest updates and insights on Atkore stock.
Atkore Inc. reports developments for a manufacturer of electrical infrastructure products, including conduit, cable, installation accessories, metal framing and cable-management solutions. Its products serve commercial, industrial, data center, telecommunications, solar, non-residential construction and renovation markets through contractors, electrical wholesalers, OEMs and end users.
Atkore news commonly covers quarterly results, volume trends, productivity initiatives, Adjusted EBITDA, dividends, investor presentations and conference participation. Updates also reflect portfolio management, including completed divestitures of HDPE pipe and conduit, surface protection and powder coating operations in Belgium, and the Tectron mechanical tube product line, as well as disclosures related to litigation settlements.
Atkore Inc. reported a robust fiscal 2022 Q2 with net sales of $982.6 million, a 53.6% increase year-over-year. Net income surged to $233.5 million, or $5.08 per diluted share. Adjusted EBITDA rose to $346.2 million, marking a 79.0% year-over-year increase. The company raised its fiscal year 2022 outlook for adjusted EBITDA to $1.25 - $1.30 billion and adjusted net income per share to $19.65 - $20.45. A significant share repurchase program has doubled to $800 million.
Atkore Inc. (NYSE: ATKR) announced it will release its 2nd Quarter Fiscal Year 2022 results on May 3, 2022, prior to market opening. A conference call will follow at 8:00 a.m. (ET) to discuss these results. Investors can listen in via the company's Investor Relations website. A replay of the call will be available for three hours post-call, lasting until May 23, 2022. This announcement underscores Atkore's commitment to transparency and investor engagement.
Atkore Inc. (NYSE: ATKR), a key player in electrical and infrastructure solutions, announced the participation of its CEO Bill Waltz and CFO David Johnson at Citi's 2022 Global Industrial Tech and Mobility Conference. The event is set for February 24, 2022, at 10:30 am Eastern Time. Investors can access a live webcast of the session on the company's Investor Relations website. A replay will also be available until February 24, 2023. For more information, visit atkore.com.
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Atkore reported a remarkable first-quarter performance for fiscal 2022, with net sales reaching $840.8 million, reflecting a 64.5% increase from the prior year. The net income surged to $204.8 million, a rise of 140.8%. Adjusted net income per diluted share climbed by $2.70 to $4.58. The company raised its full-year Adjusted EBITDA outlook to a range of $875 million to $925 million. Strong demand from international markets, particularly in data center projects, contributed significantly to the results.
Atkore Inc. (NYSE: ATKR) will announce its 1st Quarter Fiscal Year 2022 results on January 31, 2022, before market opening. A conference call will take place at 8:00 a.m. (ET) on the same day to discuss the financial results. Investors can access the live call via the Investor Relations website. A replay will be available for a limited time after the call. This financial results announcement is crucial for stakeholders monitoring Atkore's performance in the electrical, safety, and infrastructure sectors.
Atkore Inc. has acquired the assets of Four Star Industries, a producer of HDPE conduit serving telecommunications and utility markets. This acquisition enhances Atkore's product portfolio, allowing the company to tap into growing areas such as broadband and renewable energy.
Four Star Industries, based in Allendale, South Carolina, employs around 30 people and will maintain its operations at the current site. Financial terms of the acquisition remain undisclosed. This strategic move aligns with Atkore's goal to support recent infrastructure investments.
Atkore Inc. has announced the acquisition of Sasco Tubes & Roll Forming Inc., a Canadian manufacturer specializing in metal framing products for various industries, including electrical and construction. With over 65 years of experience, Sasco enhances Atkore's product range, aiming to improve customer experience with a broader selection of solutions. The acquisition will not disrupt Sasco's operations, as it will continue at its Toronto location. Financial terms of the deal remain undisclosed.
Atkore has been recognized as a Great Place to Work-Certified™ company for the second consecutive year. This designation, awarded by the Great Place to Work organization, reflects Atkore's commitment to creating a positive workplace culture. Employees highlighted key aspects of their experience, with 88% feeling a significant level of responsibility, 87% feeling welcomed upon joining, and 86% believing they make a difference. Atkore provides solutions in the electrical, safety, and infrastructure sectors.
Atkore Inc. (NYSE: ATKR) announces participation in the Credit Suisse 9th Annual Industrials Virtual Conference on December 2, 2021, at 9:30 am Eastern Time. CEO Bill Waltz and CFO David Johnson will engage in a Q&A session during the event. Investors can access the live webcast via Atkore's Investor Relations site, with a replay available until December 2, 2022. Atkore is a prominent provider of electrical, safety, and infrastructure solutions, committed to collaborating with employees, customers, and suppliers for a better future.