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. (symbol: ATKR) is a leading industrial company specializing in electrical raceway solutions and mechanical products. With a mission to be the customer's first choice, Atkore delivers unmatched quality, delivery, and value across its comprehensive product portfolio. The company serves a global market with its 3,100 employees and operates 39 manufacturing and distribution facilities worldwide.
Atkore's core business lies in two main segments: Electrical and Safety and Infrastructure. The electrical segment, which contributes most to net sales, includes key product categories such as PVC conduit, steel conduit, and PVC-coated conduit. These products are essential for electrical distributors and play a crucial role in deploying, isolating, and protecting a structure’s electrical circuitry from source to outlet. The safety and infrastructure segment focuses on products like in-line galvanized mechanical tubes, metal framing, related fittings, and security bollards. Additionally, Atkore provides ancillary services to customers, including slitting and cutting structural steel sheets.
The company’s commitment to quality is reflected in its robust product line that includes steel, PVC, and aluminum conduit, armored cable, flexible conduits, metal framing, wire baskets, cable trays, and other complementary products including fittings and mechanical pipe. This wide range of products ensures that Atkore meets diverse customer needs effectively.
Recent achievements underscore Atkore's growth and innovation in the industry. The company has continuously adapted to market demands and expanded its product offerings, ensuring sustainable excellence in strategy, people, and processes. Partnerships and strategic initiatives have further solidified Atkore's position as a reliable provider of electrical and mechanical solutions.
Investors and stakeholders can stay updated with the latest developments and performance metrics of Atkore Inc. through regular news updates, showcasing the company's ongoing projects and financial health. Atkore's dedication to excellence and customer satisfaction makes it a significant player in the industrial sector.
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.
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.
FAQ
What is the current stock price of Atkore (ATKR)?
What is the market cap of Atkore (ATKR)?
What does Atkore Inc. specialize in?
How many employees does Atkore have?
What are the main segments of Atkore's business?
Which products are included in Atkore's electrical segment?
What does the Safety and Infrastructure segment focus on?
What are some of the complementary products offered by Atkore?
Where is most of Atkore's net sales generated?
Does Atkore provide any ancillary services?
What is Atkore's mission?
How does Atkore ensure quality and customer satisfaction?
