Atkore Inc Stock Price, News & Analysis

Atkore Inc. has acquired the assets of Four Star Industries, a producer of HDPE conduit serving telecommunications and utility markets. This acquisition enhances Atkore's product portfolio, allowing the company to tap into growing areas such as broadband and renewable energy.

Four Star Industries, based in Allendale, South Carolina, employs around 30 people and will maintain its operations at the current site. Financial terms of the acquisition remain undisclosed. This strategic move aligns with Atkore's goal to support recent infrastructure investments.

Atkore Inc. has announced the acquisition of Sasco Tubes & Roll Forming Inc., a Canadian manufacturer specializing in metal framing products for various industries, including electrical and construction. With over 65 years of experience, Sasco enhances Atkore's product range, aiming to improve customer experience with a broader selection of solutions. The acquisition will not disrupt Sasco's operations, as it will continue at its Toronto location. Financial terms of the deal remain undisclosed.

Atkore has been recognized as a Great Place to Work-Certified™ company for the second consecutive year. This designation, awarded by the Great Place to Work organization, reflects Atkore's commitment to creating a positive workplace culture. Employees highlighted key aspects of their experience, with 88% feeling a significant level of responsibility, 87% feeling welcomed upon joining, and 86% believing they make a difference. Atkore provides solutions in the electrical, safety, and infrastructure sectors.

Atkore Inc. (NYSE: ATKR) announces participation in the Credit Suisse 9th Annual Industrials Virtual Conference on December 2, 2021, at 9:30 am Eastern Time. CEO Bill Waltz and CFO David Johnson will engage in a Q&A session during the event. Investors can access the live webcast via Atkore's Investor Relations site, with a replay available until December 2, 2022. Atkore is a prominent provider of electrical, safety, and infrastructure solutions, committed to collaborating with employees, customers, and suppliers for a better future.

Atkore announced record earnings for the fourth quarter and fiscal year 2021, with net income soaring 273.4% to $202.6 million and adjusted EBITDA rising 198.3% to $292.9 million. The net income per diluted share reached $4.26, up from $1.11, while adjusted net income per share climbed to $4.39. Full-year net income was $587.9 million, a 285.5% increase. The company is set to accelerate growth through a new $400 million share repurchase program and anticipated capital expenditures of $80-$90 million for fiscal 2022. Despite higher input costs, strong sales across segments drove substantial revenue growth.

Atkore Inc. (NYSE: ATKR) announced that CEO Bill Waltz will present at the Baird 2021 Global Industrial Virtual Conference on November 11, 2021, at 9:05 am Eastern Time. A live webcast will be available on Atkore's Investor Relations site, with a replay accessible until November 11, 2022. With about 3,700 employees and 65 facilities worldwide, Atkore is a key provider of electrical, safety, and infrastructure solutions.

Atkore Inc. (NYSE: ATKR) will release its Fourth Quarter Fiscal Year 2021 results on November 18, 2021, before market opening. A conference call will follow at 8:00 a.m. ET to discuss these results. Investors can access the call via the company's Investor Relations website. A telephonic replay will be available approximately three hours post-call, accessible until December 9, 2021. Atkore, a leader in electrical and safety solutions, employs around 3,700 individuals and operates 65 facilities globally.

Atkore Inc. (NYSE: ATKR) will have its President and CEO, Bill Waltz, participate in a Q&A session at the 2021 RBC Capital Markets Global Industrials Virtual Conference on September 9, 2021, at 12:40 PM ET. A live webcast link will be provided on the Investor Relations site at atkore.com, with a replay available until September 23, 2021. Atkore, with about 3,700 employees and 65 facilities globally, is focused on empowering customers through electrical, safety, and infrastructure solutions.

Atkore Inc. (NYSE: ATKR) reported robust earnings for Q3 fiscal 2021, with consolidated net sales reaching $853.7 million, a 121.8% increase from $384.9 million in the same quarter last year. Net income surged 628% to $175.3 million, and Adjusted EBITDA rose 330.4% to $274.3 million. The strong performance was driven by increased average selling prices, notably in PVC electrical products, amid industry supply constraints. The company raised its fiscal 2021 Adjusted EBITDA outlook to $855-$875 million while projecting a positive fiscal 2022 outlook as demand remains strong.