Atkore Inc Stock Price, News & Analysis

Atkore International Group Inc. (NYSE: ATKR) reported strong Q1 fiscal 2021 results, achieving net sales of $511 million, a 14.2% increase from the previous year. The PVC electrical conduit business drove this growth, contributing significantly to a net income rise of 144.5% to $85 million. The company raised its fiscal year outlook, expecting a 16% to 20% increase in net sales and adjusted EBITDA between $440 to $460 million. Amid supply constraints, Atkore announced a new share repurchase program worth up to $100 million, reinforcing its commitment to shareholder value.

Atkore International Group Inc. (NYSE: ATKR) will release its First Quarter Fiscal Year 2021 results on February 2, 2021, before market opening. A conference call to discuss these results is scheduled for 8:00 a.m. ET that day. Investors can access the call via the company's Investor Relations website, where a replay will also be available. The company, known for its electrical, safety, and infrastructure solutions, operates with approximately 3,700 employees across 65 facilities globally.

Atkore International Group Inc. (NYSE: ATKR) has announced that Chief Financial Officer David Johnson will present at the CJS Securities 21st Annual “New Ideas for the New Year” Virtual Investor Conference on January 13, 2021, at 3:45 pm ET. Investors can access the live event through a webcast available on the company's Investor Relations site. A replay of the event will be accessible until April 13, 2021. Atkore, which employs approximately 3,700 people and operates 65 facilities globally, specializes in electrical, safety, and infrastructure solutions.

Atkore International Group Inc. (NYSE: ATKR) announced participation in the Credit Suisse 8th Annual Virtual Conference on December 3, 2020, at 8:50 am ET. CEO Bill Waltz and CFO David Johnson will engage in a Q&A session. A live webcast can be accessed on their Investor Relations site, with a replay available until December 3, 2021. Atkore, with approximately 3,700 employees and 65 facilities globally, is a leader in electrical, safety, and infrastructure solutions.

Atkore International Group reported record earnings for the fiscal year 2020 and its fourth quarter, despite pandemic challenges. Key metrics included:

• Net income rose 17.9% to $54.2 million.
• Adjusted EBITDA increased 10.6% to $98.2 million.
• Cash from operations reached $249 million.
• Debt repayment of $40 million lowered net leverage to 1.6.
• Net sales decreased 4.8% to $477.4 million due to lower volumes in key segments.
• Fiscal 2021 guidance anticipates Adjusted EBITDA of $340-$360 million.

Atkore International Group Inc. (NYSE: ATKR) has achieved designation as a Great Place to Work-Certified™ company in its first year of participation. This recognition highlights the company’s dedication to workplace culture, employee experience, and leadership behaviors that drive innovation and revenue. Key survey results indicate that 89% of employees feel treated fairly, 85% feel a significant responsibility, and 84% feel welcomed upon joining. CEO Bill Waltz emphasizes that employees are the company's most valuable asset.

Atkore International Group has acquired the assets of Queen City Plastics, a manufacturer specializing in PVC conduit, elbows, and fittings for the electrical market. This acquisition aims to enhance Atkore's product portfolio and improve service to customers in the Southeast and mid-Atlantic regions. Queen City Plastics, based in Fort Mill, South Carolina, employs around 60 people and offers a variety of PVC products that meet industry specifications. Terms of the sale remain undisclosed.