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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) 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.
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.
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