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 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.