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) announced it will release its 3rd Quarter Fiscal Year 2022 results on August 2, 2022, before the market opens. A conference call is scheduled for 8:00 a.m. (ET) the same day to discuss these results. Investors can access the live webcast through the Company's website, and a replay will be available post-call. The conference ID for participants is 5592214. This information is essential for shareholders and investors anticipating the financial performance of Atkore during this quarter.
Atkore has acquired United Poly Systems, a manufacturer of High Density Polyethylene (HDPE) pressure pipe, enhancing its product portfolio and manufacturing capacity. The acquisition aligns with Atkore's strategy to invest over $1 billion within the next few years, aiming to capitalize on growth opportunities in HDPE markets, driven by U.S. infrastructure legislation. This marks Atkore's fourth acquisition in FY 2022, with over $250 million allocated to M&A in the last six months, indicating strong commitment to expansion in key markets.
Atkore announced the acquisition of Talon Products, LLC, enhancing its product portfolio with patented non-metallic cable cleats designed for power distribution applications. The Talon Cable Cleats secure and support electrical cables, minimizing movement during emergencies. This acquisition allows Atkore to offer innovative, cost-effective solutions that improve worker safety and reduce equipment damage. The financial terms of the acquisition remain undisclosed, and Talon will continue its operations in Hammond, Louisiana.
Atkore Inc. reported a robust fiscal 2022 Q2 with net sales of $982.6 million, a 53.6% increase year-over-year. Net income surged to $233.5 million, or $5.08 per diluted share. Adjusted EBITDA rose to $346.2 million, marking a 79.0% year-over-year increase. The company raised its fiscal year 2022 outlook for adjusted EBITDA to $1.25 - $1.30 billion and adjusted net income per share to $19.65 - $20.45. A significant share repurchase program has doubled to $800 million.
Atkore Inc. (NYSE: ATKR) announced it will release its 2nd Quarter Fiscal Year 2022 results on May 3, 2022, prior to market opening. A conference call will follow at 8:00 a.m. (ET) to discuss these results. Investors can listen in via the company's Investor Relations website. A replay of the call will be available for three hours post-call, lasting until May 23, 2022. This announcement underscores Atkore's commitment to transparency and investor engagement.
Atkore Inc. (NYSE: ATKR), a key player in electrical and infrastructure solutions, announced the participation of its CEO Bill Waltz and CFO David Johnson at Citi's 2022 Global Industrial Tech and Mobility Conference. The event is set for February 24, 2022, at 10:30 am Eastern Time. Investors can access a live webcast of the session on the company's Investor Relations website. A replay will also be available until February 24, 2023. For more information, visit atkore.com.
Atkore reported a remarkable first-quarter performance for fiscal 2022, with net sales reaching $840.8 million, reflecting a 64.5% increase from the prior year. The net income surged to $204.8 million, a rise of 140.8%. Adjusted net income per diluted share climbed by $2.70 to $4.58. The company raised its full-year Adjusted EBITDA outlook to a range of $875 million to $925 million. Strong demand from international markets, particularly in data center projects, contributed significantly to the results.
Atkore Inc. (NYSE: ATKR) will announce its 1st Quarter Fiscal Year 2022 results on January 31, 2022, before market opening. A conference call will take place at 8:00 a.m. (ET) on the same day to discuss the financial results. Investors can access the live call via the Investor Relations website. A replay will be available for a limited time after the call. This financial results announcement is crucial for stakeholders monitoring Atkore's performance in the electrical, safety, and infrastructure sectors.
FAQ
What is the current stock price of Atkore (ATKR)?
What is the market cap of Atkore (ATKR)?
