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. (NYSE: ATKR) announced a proposed refinancing of its subsidiary's existing senior secured term loan due December 2023. The company aims to establish a new term loan facility of around $400 million maturing in 2028. Proceeds will fund the repayment of the existing loan, cover related expenses, and serve general corporate purposes. Additionally, Atkore is seeking to extend the maturity of a $325 million asset-based credit facility to 2026. The refinancing is subject to lender negotiations and market conditions.
Atkore Inc. (NYSE: ATKR) reported record earnings for Q2 fiscal 2021, with net sales increasing by 40.4% to $639.5 million, driven by strong demand in their electrical conduit segment. Net income surged by 218.8% to $124.9 million, reflecting improved gross profit margins of 37.5%. The company completed the acquisition of FRE Composites, expanding its portfolio into fiberglass conduit systems. Atkore raised its full-year outlook, anticipating net sales growth of 40-50% and adjusted EBITDA between $700 to $750 million, buoyed by ongoing demand and pricing pressures.
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.