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) will release its Fourth Quarter Fiscal Year 2021 results on November 18, 2021, before market opening. A conference call will follow at 8:00 a.m. ET to discuss these results. Investors can access the call via the company's Investor Relations website. A telephonic replay will be available approximately three hours post-call, accessible until December 9, 2021. Atkore, a leader in electrical and safety solutions, employs around 3,700 individuals and operates 65 facilities globally.
Atkore Inc. (NYSE: ATKR) will have its President and CEO, Bill Waltz, participate in a Q&A session at the 2021 RBC Capital Markets Global Industrials Virtual Conference on September 9, 2021, at 12:40 PM ET. A live webcast link will be provided on the Investor Relations site at atkore.com, with a replay available until September 23, 2021. Atkore, with about 3,700 employees and 65 facilities globally, is focused on empowering customers through electrical, safety, and infrastructure solutions.
Atkore Inc. (NYSE: ATKR) reported robust earnings for Q3 fiscal 2021, with consolidated net sales reaching $853.7 million, a 121.8% increase from $384.9 million in the same quarter last year. Net income surged 628% to $175.3 million, and Adjusted EBITDA rose 330.4% to $274.3 million. The strong performance was driven by increased average selling prices, notably in PVC electrical products, amid industry supply constraints. The company raised its fiscal 2021 Adjusted EBITDA outlook to $855-$875 million while projecting a positive fiscal 2022 outlook as demand remains strong.
Atkore Inc. (NYSE: ATKR) will release its 3rd Quarter Fiscal Year 2021 results on August 3, 2021, before market opening. A conference call is scheduled for 8:00 a.m. (ET) the same day to discuss the results. Investors can access the live webcast via the Investor Relations section of the company’s website and will also have the option to listen to a replay for a limited time afterward. The company is known for its manufacturing and distribution of electrical, safety, and infrastructure solutions with approximately 3,700 employees and 65 facilities globally.
Atkore Inc. (NYSE: ATKR) has announced that CFO David Johnson will present at the CJS Securities 21st Annual “New Ideas” Summer Virtual Investor Conference on July 13, 2021, at 11:40 am ET. Investors can access a live webcast of the event on Atkore's Investor Relations site, and a replay will be available until November 10, 2021. Atkore is a leading provider of electrical, safety, and infrastructure solutions, serving a global customer base with approximately 3,700 employees and 65 facilities worldwide as of September 30, 2020.
Atkore Inc. (NYSE: ATKR) has completed the refinancing of the senior secured term loan facility of its subsidiary, Atkore International, Inc., securing a new $400 million loan maturing in 2028. This replaces the current loan due in December 2023. Interest rates include LIBOR plus 2.00% or an alternate base rate plus 1.00%. The refinancing, alongside a $400 million issuance of 4.25% Senior Notes due 2031, aims to lower the effective interest rate and bolster financial management. The existing $325 million revolving credit facility has also been extended to 2026.
Atkore Inc. (NYSE: ATKR) has priced its $400 million offering of 4.25% Senior Notes due 2031. The Company plans to use the proceeds to reduce its term loan obligations. The Notes will be sold at par and will be unsecured obligations guaranteed by current and future subsidiaries. The sale is slated for May 26, 2021, pending standard closing conditions. The offering will be limited to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, thus not registered under the Securities Act.
Atkore Inc. (NYSE: ATKR) plans to offer $400 million of Senior Notes due 2031. The proceeds will be used primarily to reduce outstanding amounts on its term loan facility, including interest. The offering is targeted at qualified institutional buyers, both in the U.S. and internationally, under specific regulations. Notably, the Notes are not registered under the Securities Act, limiting their sale until registration or exemption is secured. This press release serves only for informational purposes and does not constitute an offer or solicitation.
Atkore Inc. (NYSE: ATKR) announced a proposed refinancing of its subsidiary's existing senior secured term loan due December 2023. The company aims to establish a new term loan facility of around $400 million maturing in 2028. Proceeds will fund the repayment of the existing loan, cover related expenses, and serve general corporate purposes. Additionally, Atkore is seeking to extend the maturity of a $325 million asset-based credit facility to 2026. The refinancing is subject to lender negotiations and market conditions.
Atkore Inc. (NYSE: ATKR) reported record earnings for Q2 fiscal 2021, with net sales increasing by 40.4% to $639.5 million, driven by strong demand in their electrical conduit segment. Net income surged by 218.8% to $124.9 million, reflecting improved gross profit margins of 37.5%. The company completed the acquisition of FRE Composites, expanding its portfolio into fiberglass conduit systems. Atkore raised its full-year outlook, anticipating net sales growth of 40-50% and adjusted EBITDA between $700 to $750 million, buoyed by ongoing demand and pricing pressures.
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