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. (NYSE: ATKR) is a manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, and it regularly issues news and updates that are relevant to investors and market participants. The company’s disclosures highlight its focus on electrical infrastructure and related safety and infrastructure solutions, as well as ongoing portfolio and strategic reviews.
News about Atkore often includes quarterly and annual earnings results, where the company reports net sales, segment performance for its Electrical and Safety & Infrastructure segments, adjusted EBITDA, and other financial metrics. These releases may also discuss factors affecting results, such as changes in average selling prices, sales volumes, input costs, and the impact of divestitures or strategic actions.
Atkore also publishes announcements about strategic actions, including updates on its review of strategic alternatives, potential portfolio changes, and cost-reduction measures such as consolidating manufacturing facilities. Additional news items cover dividends and capital allocation decisions, such as quarterly cash dividend declarations and share repurchase activity, as well as financing developments like the refinancing of senior secured term loan facilities.
Other company news can include governance and Board-related updates, such as cooperation agreements with investors, the formation of Board committees like the Strategic Review Committee, and the appointment of new directors. Atkore also announces upcoming earnings release dates, conference calls, and investor conference participation, providing details for investors who wish to follow management’s commentary. This news page aggregates such items so readers can review Atkore’s financial updates, strategic developments, and corporate governance disclosures in one place.
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.
Atkore announced record earnings for the fourth quarter and fiscal year 2021, with net income soaring 273.4% to $202.6 million and adjusted EBITDA rising 198.3% to $292.9 million. The net income per diluted share reached $4.26, up from $1.11, while adjusted net income per share climbed to $4.39. Full-year net income was $587.9 million, a 285.5% increase. The company is set to accelerate growth through a new $400 million share repurchase program and anticipated capital expenditures of $80-$90 million for fiscal 2022. Despite higher input costs, strong sales across segments drove substantial revenue growth.
Atkore Inc. (NYSE: ATKR) announced that CEO Bill Waltz will present at the Baird 2021 Global Industrial Virtual Conference on November 11, 2021, at 9:05 am Eastern Time. A live webcast will be available on Atkore's Investor Relations site, with a replay accessible until November 11, 2022. With about 3,700 employees and 65 facilities worldwide, Atkore is a key provider of electrical, safety, and infrastructure solutions.
Atkore Inc. (NYSE: ATKR) will release its Fourth Quarter Fiscal Year 2021 results on November 18, 2021, before market opening. A conference call will follow at 8:00 a.m. ET to discuss these results. Investors can access the call via the company's Investor Relations website. A telephonic replay will be available approximately three hours post-call, accessible until December 9, 2021. Atkore, a leader in electrical and safety solutions, employs around 3,700 individuals and operates 65 facilities globally.
Atkore Inc. (NYSE: ATKR) will have its President and CEO, Bill Waltz, participate in a Q&A session at the 2021 RBC Capital Markets Global Industrials Virtual Conference on September 9, 2021, at 12:40 PM ET. A live webcast link will be provided on the Investor Relations site at atkore.com, with a replay available until September 23, 2021. Atkore, with about 3,700 employees and 65 facilities globally, is focused on empowering customers through electrical, safety, and infrastructure solutions.
Atkore Inc. (NYSE: ATKR) reported robust earnings for Q3 fiscal 2021, with consolidated net sales reaching $853.7 million, a 121.8% increase from $384.9 million in the same quarter last year. Net income surged 628% to $175.3 million, and Adjusted EBITDA rose 330.4% to $274.3 million. The strong performance was driven by increased average selling prices, notably in PVC electrical products, amid industry supply constraints. The company raised its fiscal 2021 Adjusted EBITDA outlook to $855-$875 million while projecting a positive fiscal 2022 outlook as demand remains strong.
Atkore Inc. (NYSE: ATKR) will release its 3rd Quarter Fiscal Year 2021 results on August 3, 2021, before market opening. A conference call is scheduled for 8:00 a.m. (ET) the same day to discuss the results. Investors can access the live webcast via the Investor Relations section of the company’s website and will also have the option to listen to a replay for a limited time afterward. The company is known for its manufacturing and distribution of electrical, safety, and infrastructure solutions with approximately 3,700 employees and 65 facilities globally.
Atkore Inc. (NYSE: ATKR) has announced that CFO David Johnson will present at the CJS Securities 21st Annual “New Ideas” Summer Virtual Investor Conference on July 13, 2021, at 11:40 am ET. Investors can access a live webcast of the event on Atkore's Investor Relations site, and a replay will be available until November 10, 2021. Atkore is a leading provider of electrical, safety, and infrastructure solutions, serving a global customer base with approximately 3,700 employees and 65 facilities worldwide as of September 30, 2020.
Atkore Inc. (NYSE: ATKR) has completed the refinancing of the senior secured term loan facility of its subsidiary, Atkore International, Inc., securing a new $400 million loan maturing in 2028. This replaces the current loan due in December 2023. Interest rates include LIBOR plus 2.00% or an alternate base rate plus 1.00%. The refinancing, alongside a $400 million issuance of 4.25% Senior Notes due 2031, aims to lower the effective interest rate and bolster financial management. The existing $325 million revolving credit facility has also been extended to 2026.
Atkore Inc. (NYSE: ATKR) has priced its $400 million offering of 4.25% Senior Notes due 2031. The Company plans to use the proceeds to reduce its term loan obligations. The Notes will be sold at par and will be unsecured obligations guaranteed by current and future subsidiaries. The sale is slated for May 26, 2021, pending standard closing conditions. The offering will be limited to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, thus not registered under the Securities Act.