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 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.