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), 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.
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.
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.
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?
