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) 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.
Atkore Inc. (NYSE: ATKR) will release its 2nd Quarter Fiscal Year 2021 results on April 29, 2021, before market opening. A conference call is scheduled for 8:00 a.m. (ET) the same day to discuss the financial results. Investors can access a live webcast through the Investor Relations section of the Atkore website, with a replay available after the call until May 13, 2021. The company, with around 3,700 employees and over 65 facilities worldwide, is a prominent provider of electrical, safety, and infrastructure solutions.
Atkore Inc. has acquired FRE Composites Group, enhancing its product portfolio in fiberglass conduit solutions for the electrical and infrastructure sectors. The acquisition allows Atkore to better serve customers by expanding its options. FRE Composites' innovative BreathSaver product is noted for its fire safety certification, catering to diverse applications. Atkore aims to strengthen its market leadership through superior products and timely delivery. The financial terms of the acquisition remain undisclosed.
Atkore Inc. (NYSE: ATKR) has announced that CFO David Johnson will present at the J.P. Morgan Global High Yield & Leveraged Finance Virtual Conference on March 2, 2021, at 10:00 am ET. The audio presentation will be accessible on Atkore's Investor Relations website until March 12, 2021. Atkore, with around 3,700 employees and 65 global manufacturing and distribution facilities, specializes in electrical, safety, and infrastructure solutions, committed to serving customers and enhancing community welfare.
Atkore International Group (NYSE: ATKR) announced that CEO Bill Waltz and CFO David Johnson will participate in a Q&A session at Citi’s 2021 Global Industrials Virtual Conference on February 17, 2021, at 4:20 PM ET. A webcast link for the live event is available on the Investor Relations site at atkore.com, with a replay accessible until February 17, 2022. Atkore, employing approximately 3,700 people and operating 65 facilities globally, focuses on providing electrical, safety, and infrastructure solutions.
Atkore International Group Inc. (NYSE: ATKR) reported strong Q1 fiscal 2021 results, achieving net sales of $511 million, a 14.2% increase from the previous year. The PVC electrical conduit business drove this growth, contributing significantly to a net income rise of 144.5% to $85 million. The company raised its fiscal year outlook, expecting a 16% to 20% increase in net sales and adjusted EBITDA between $440 to $460 million. Amid supply constraints, Atkore announced a new share repurchase program worth up to $100 million, reinforcing its commitment to shareholder value.
Atkore International Group Inc. (NYSE: ATKR) will release its First Quarter Fiscal Year 2021 results on February 2, 2021, before market opening. A conference call to discuss these results is scheduled for 8:00 a.m. ET that day. Investors can access the call via the company's Investor Relations website, where a replay will also be available. The company, known for its electrical, safety, and infrastructure solutions, operates with approximately 3,700 employees across 65 facilities globally.
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