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.
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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.
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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.
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.