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. has acquired the assets of Elite Polymer Solutions for $91.6 million. This acquisition is set to enhance Atkore's High Density Polyethylene (HDPE) conduit offerings, particularly in the telecommunications, utility, and transportation sectors. The move aims to expand Atkore's national footprint and meet the rising demand for underground protection in these industries. Elite Polymer Solutions is based in Lovelady, Texas, employing about 55 staff, and will continue operations at its current location.
Atkore Inc. (NYSE: ATKR) will announce its 4th Quarter FY 2022 results and FY 2023 expectations on November 18, 2022, before market opening. The company invites investors to a conference call at 8:00 a.m. (ET) the same day to discuss results, growth strategies, and long-term outlook. A replay will be available post-call until December 2, 2022. For more information, visit the Investor Relations page.
Atkore Inc. (NYSE: ATKR) announced that President and CEO Bill Waltz, alongside CFO David Johnson, will present at the Baird 2022 Global Industrial Conference on Wednesday, November 9, 2022, at 10:40 am Eastern Time. The event will be accessible via a live webcast on Atkore's Investor Relations site. A replay will be available until February 7, 2023. Atkore is dedicated to delivering electrical, safety, and infrastructure solutions globally, with a commitment to fostering relationships with employees, customers, and communities.
Atkore Inc. announced the acquisitions of Cascade Poly Pipe & Conduit and Northwest Polymers, both based in Oregon. Cascade specializes in HDPE conduit made from recycled materials, primarily for telecommunications and utilities. Northwest Polymers, a key supplier, is a leader in recycling various plastics. These acquisitions enhance Atkore's product portfolio, supporting growth in 5G infrastructure and sustainability efforts. The company has invested over $310 million in six acquisitions within the fiscal year, ensuring continued focus on value creation for shareholders.
Atkore reported Q3 fiscal 2022 net sales of $1,061.6 million, a 24.4% increase year-over-year. Net income surged 45.1% to $254.3 million, while adjusted net income per diluted share rose to $6.07. Adjusted EBITDA climbed 37.7% to $377.5 million. The company anticipates a full-year net sales increase of approximately 32% compared to fiscal 2021, with updated adjusted EBITDA expectations of $1,322 million to $1,342 million. Atkore's strategic acquisition of United Poly Systems aims to enhance its capacity in high-growth markets.
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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.
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