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) will release its 2nd Quarter Fiscal Year 2021 results on April 29, 2021, before market opening. A conference call is scheduled for 8:00 a.m. (ET) the same day to discuss the financial results. Investors can access a live webcast through the Investor Relations section of the Atkore website, with a replay available after the call until May 13, 2021. The company, with around 3,700 employees and over 65 facilities worldwide, is a prominent provider of electrical, safety, and infrastructure solutions.
Atkore Inc. has acquired FRE Composites Group, enhancing its product portfolio in fiberglass conduit solutions for the electrical and infrastructure sectors. The acquisition allows Atkore to better serve customers by expanding its options. FRE Composites' innovative BreathSaver product is noted for its fire safety certification, catering to diverse applications. Atkore aims to strengthen its market leadership through superior products and timely delivery. The financial terms of the acquisition remain undisclosed.
Atkore Inc. (NYSE: ATKR) has announced that CFO David Johnson will present at the J.P. Morgan Global High Yield & Leveraged Finance Virtual Conference on March 2, 2021, at 10:00 am ET. The audio presentation will be accessible on Atkore's Investor Relations website until March 12, 2021. Atkore, with around 3,700 employees and 65 global manufacturing and distribution facilities, specializes in electrical, safety, and infrastructure solutions, committed to serving customers and enhancing community welfare.
Atkore International Group (NYSE: ATKR) announced that CEO Bill Waltz and CFO David Johnson will participate in a Q&A session at Citi’s 2021 Global Industrials Virtual Conference on February 17, 2021, at 4:20 PM ET. A webcast link for the live event is available on the Investor Relations site at atkore.com, with a replay accessible until February 17, 2022. Atkore, employing approximately 3,700 people and operating 65 facilities globally, focuses on providing electrical, safety, and infrastructure solutions.
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.
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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.