Atkore (NYSE: ATKR) closing 3 plants, plans $5-15M cash charge in 2026

Rhea-AI Filing Summary

Atkore Inc. plans to cease manufacturing operations at three facilities to reduce costs, and expects to record pre-tax cash charges between $5 million and $15 million related to the shutdowns. These charges will include employee-related expenses and other cash shutdown costs, with most of the spending anticipated by the end of the second quarter of fiscal 2026.

The company plans to move some production assets to other facilities but may also record non-cash impairment charges on remaining assets at the sites being closed. Atkore states that it cannot yet estimate any potential non-cash impairment amounts and plans to provide those figures in a later SEC filing once they can be determined.

Insights

Industrial restructuring analyst

Atkore is consolidating production, taking $5-15M cash charges now for longer-term cost savings.

Atkore Inc. is shutting manufacturing operations at three facilities as a cost-reduction move. The company expects pre-tax cash charges between $5 million and $15 million, mainly for employee-related and other shutdown costs. Management expects most of these cash outflows to occur by the end of the second quarter of fiscal 2026, concentrating the financial impact into a relatively short period.

Atkore plans to relocate certain production assets to other facilities, indicating a shift rather than a complete exit from the underlying product lines. However, remaining assets at the closing facilities may trigger non-cash impairment charges, which the company cannot yet quantify. Actual economic impact will depend on the eventual impairment amounts and how effectively production is absorbed elsewhere.

The company intends to provide estimates or ranges for any non-cash asset impairments in a future SEC filing once they are determinable. Investors can compare those later figures to the disclosed $5-15 million cash cost range and the timing through the second quarter of fiscal 2026 to assess how the restructuring affects reported earnings versus cash flow.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 3, 2025 (September 29, 2025)

Atkore Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-37793

90-0631463

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

16100 South Lathrop Avenue, Harvey, Illinois 60426

(Address of principal executive offices) (Zip Code)

(708) 339-1610

(Registrant's telephone number, including area code)

N/A
(Former name )

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading symbol			Name of each exchange on which registered
Common Stock, $.01 par value per share			ATKR			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.05. Costs Associated with Exit or Disposal Activities.

On September 29, 2025, Atkore Inc. (the "Company") announced its plan to cease manufacturing operations at three facilities in order to reduce costs. The Company intends to stop production at each of these facilities by approximately the end of the second quarter of fiscal 2026.

As a result of the foregoing plan, the Company expects to incur pre-tax cash charges of between $5 and $15 million, which consist of employee-related costs and other cash shutdown costs. The Company anticipates that the majority of these costs will be incurred by the end of the second quarter of fiscal 2026. The Company plans to relocate certain production assets to other Company facilities but may incur non-cash impairment charges on remaining assets at the facilities to be closed. At this time, the Company is unable to determine an estimate or range of estimates for any non-cash charges related to potential asset impairments. The Company will amend this Current Report on Form 8-K or disclose in another periodic filing with the Securities and Exchange Commission ("SEC"), if appropriate, such an estimate or range of estimates, once they are determinable.

Forward-Looking Statements

This Current Report on Form 8-K contains “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements relating to financial outlook. Some of the forward-looking statements can be identified by the use of forward-looking terms such as “believes,” “expects,” “may,” “will,” “shall,” “should,” “would,” “could,” “seeks,” “aims,” “projects,” “is optimistic,” “intends,” “plans,” “estimates,” “anticipates” or other comparable terms. Forward-looking statements include, without limitation, all matters that are not historical facts. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of the market in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this Current Report on Form 8-K. In addition, even if our results of operations, financial condition and cash flows, and the development of the market in which we operate, are consistent with the forward-looking statements contained in this Current Report on Form 8-K, those results or developments may not be indicative of results or developments in subsequent periods.

A number of important factors, including, without limitation, the risks and uncertainties disclosed in the Company’s filings with the SEC including but not limited to the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K could cause actual results and outcomes to differ materially from those reflected in the forward-looking statements. The Company assumes no obligation to update the information contained herein, which speaks only as of the date hereof.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ATKORE INC.

By: /s/ Daniel S. Kelly        

Daniel S. Kelly
Vice President, General Counsel and Secretary

Date: October 3, 2025

FAQ

What cost range does Atkore (ATKR) expect from its plant closures?

Atkore expects to incur pre-tax cash charges between $5 million and $15 million, primarily for employee-related expenses and other shutdown costs associated with ceasing manufacturing at three facilities.

How many facilities is Atkore (ATKR) closing and why?

Atkore plans to cease manufacturing operations at three facilities as part of a plan to reduce costs by consolidating production.

When will Atkore (ATKR) stop production at the affected facilities?

The company intends to stop production at each of the three facilities by approximately the end of the second quarter of fiscal 2026.

Will Atkore (ATKR) incur non-cash charges from these closures?

Atkore may incur non-cash impairment charges on remaining assets at the facilities being closed, but it is currently unable to estimate the amount and will disclose a range once determinable.

How does Atkore (ATKR) plan to handle production after the plant closures?

The company plans to relocate certain production assets to other Atkore facilities, indicating that some manufacturing will be shifted rather than eliminated.

When will most of Atkore’s (ATKR) restructuring cash costs be recognized?

Atkore anticipates that the majority of the $5-15 million in pre-tax cash charges will be incurred by the end of the second quarter of fiscal 2026.