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HARVEY, Ill. - On Thursday, Atkore Inc. (NYSE:ATKR) reported mixed fourth-quarter results, with revenue exceeding analyst expectations despite a significant earnings miss.
The electrical products manufacturer’s shares gained 2.13% in pre-market trading after the results.
The company reported fourth-quarter adjusted earnings of $0.69 per share, falling well short of the $1.26 analyst consensus estimate. However, revenue came in at $752.01 million, surpassing the consensus estimate of $737.83 million, though still down 4.6% YoY from $788.3 million in the same quarter last year.
Atkore’s fourth-quarter results were heavily impacted by non-cash impairment charges, including $66.7 million related to long-lived assets in its HDPE business and $18.9 million for goodwill impairment in its Mechanical reporting unit. The company also noted one-time inventory adjustments of $5.8 million and non-routine advisory, financing and legal services costs of $5.4 million.
"Atkore achieved Net Sales of $2.9 billion in fiscal 2025 and grew organic volume for the third consecutive year," said Bill Waltz, Atkore President and Chief Executive Officer. "We returned cash to shareholders by deploying $144 million towards share repurchases and dividend payments."
The company’s outlook for fiscal 2026 came in below analyst expectations, with projected adjusted earnings per share of $5.05-$5.55, compared to the consensus estimate of $6.56. Atkore expects full-year 2026 revenue to be in the range of $3.0-$3.1 billion and adjusted EBITDA between $340-$360 million.
Atkore’s Electrical segment, which accounts for the majority of the company’s business, saw net sales decrease 8.1% to $518.9 million, primarily due to lower average selling prices. Meanwhile, the Safety & Infrastructure segment posted a 4.0% increase in net sales to $233.4 million.
The company also announced that its Board of Directors has expanded the scope of its previously announced review of strategic alternatives, and declared a quarterly cash dividend of $0.33 per share payable on December 17, 2025.
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