Atkore expects strong Q2 performance with net sales and adjusted EPS guidance; reaffirms FY25 outlook.

From Yahoo Finance: 2025-04-22 14:45:00

Atkore Inc. (NYSE:ATKR) shares are up on Tuesday after the company disclosed preliminary results for the second quarter of FY25. The company expects net sales of $695 million—$705 million and adjusted EPS of $2.01-$2.08. Atkore also anticipates adjusted EBITDA of $115 million-$118 million for the quarter, reflecting volume growth and better manufacturing productivity.

The quarterly net loss and diluted loss per share were impacted by a non-cash impairment charge of $121 million—$162 million related to High-Density Polyethylene assets. This impairment was due to emerging technology, reduced spending, delayed funding, and revised cash flow projections. Atkore signed a new 5-year labor agreement with United Steelworkers for its Harvey, Illinois facility.

Atkore reaffirmed its FY25 outlook, projecting net sales of $2,850 million to $2,950 million, adjusted EPS of $5.75 to $6.85, and adjusted EBITDA of $375 million to $425 million. President and CEO Bill Waltz expressed confidence in the company’s ability to adapt, highlighting their U.S. sourcing and manufacturing. Atkore plans to release earnings results on May 6, 2025.

Investors can access Atkore stock through The Acquirers Fund (NYSE:ZIG) and First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT). ATKR shares are currently trading at $62.07, up 9.41% on Tuesday. Atkore expects strong Q2 performance despite impairment charges and reaffirms its FY25 outlook, emphasizing adaptability and domestic operations.



Read more at Yahoo Finance: Atkore Expects Strong Solid Q2 Performance Despite Flags Impairment Charge, Reaffirms FY25 Outlook