Atkore (NYSE:ATKR) Issues Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Key Points

• Atkore reported adjusted Q2 EPS of $1.23, beating estimates by $0.23 on revenue of $731M (up 4.2% YoY), and reiterated FY26 targets of net sales $2.9B–$2.95B, adjusted EBITDA $340M–$360M, and adjusted EPS $5.05–$5.55.
• The company took a $136.5M pre-tax charge to settle two of three putative classes in the PVC antitrust litigation, which pressured Q2 results and is expected to be paid in Q3.
• Management completed several divestitures and plant closures to sharpen focus and improve costs, but commodity input pressures (steel, copper, PVC resin, aluminum) are compressing spreads and creating margin headwinds even as the company expects sequential growth from data centers, solar and productivity initiatives.

Atkore (NYSE:ATKR - Get Free Report) released its earnings results on Tuesday. The company reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.23, FiscalAI reports. Atkore had a negative net margin of 1.63% and a positive return on equity of 11.27%. The company had revenue of $731.38 million during the quarter, compared to analysts' expectations of $714.18 million. During the same period last year, the business earned $2.04 EPS. Atkore's revenue for the quarter was up 4.2% on a year-over-year basis. Atkore updated its FY 2026 guidance to 5.050-5.550 EPS.

Here are the key takeaways from Atkore's conference call:

• Q2 results improved sequentially with net sales of $731M, adjusted EBITDA of $81M and adjusted EPS of $1.23, while organic volumes rose about 5% year-over-year.
• The company recorded a $136.5M pre-tax liability to settle two of three putative classes in the PVC antitrust litigation, reflected in Q2 results with payment expected in Q3.
• Management completed several strategic actions (HDPE sale with a 10% retained stake, Belgium divestiture, Tectron sale, three U.S. plant closures, NW Polymers sale) and is conducting a board-level strategic review; these moves reduced net sales expectations but are positioned to improve long-term focus and cost structure.
• Commodity pressure (steel, copper, PVC resin, aluminum) is compressing spreads—notably in the cable business (~17% of sales)—with only partial recovery through price increases, creating margin headwinds in some products.
• Company reiterated FY26 targets—mid-single-digit organic volume growth, net sales $2.9B–$2.95B, adjusted EBITDA $340M–$360M, and adjusted EPS $5.05–$5.55—and expects sequential growth into Q3 and Q4 driven by data centers, solar, and productivity initiatives.

Atkore Price Performance

Shares of ATKR traded up $2.36 during trading hours on Tuesday, hitting $76.03. 58,567 shares of the stock were exchanged, compared to its average volume of 390,202. Atkore has a 12-month low of $53.49 and a 12-month high of $80.06. The company has a market cap of $2.57 billion, a price-to-earnings ratio of -54.95 and a beta of 1.67. The stock's 50-day moving average price is $64.39 and its two-hundred day moving average price is $65.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.40 and a current ratio of 3.42.

Atkore Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, May 19th. Atkore's dividend payout ratio (DPR) is -94.96%.

Wall Street Analysts Forecast Growth

ATKR has been the topic of a number of research reports. Royal Bank Of Canada set a $71.00 price objective on shares of Atkore in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Atkore in a report on Friday. Citigroup lifted their price objective on Atkore from $64.00 to $74.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. Wall Street Zen cut Atkore from a "buy" rating to a "hold" rating in a report on Monday, April 20th. Finally, Roth Mkm lifted their price target on Atkore from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $75.50.

Insider Activity

In other Atkore news, insider Mark F. Lamps sold 1,000 shares of the business's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $65.78, for a total transaction of $65,780.00. Following the transaction, the insider owned 35,982 shares of the company's stock, valued at approximately $2,366,895.96. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ATKR. Kestra Investment Management LLC increased its position in Atkore by 710.9% during the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company's stock worth $31,000 after purchasing an additional 391 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Atkore by 1,263.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 518 shares of the company's stock worth $32,000 after buying an additional 480 shares during the period. Strs Ohio acquired a new stake in Atkore during the 1st quarter worth approximately $36,000. Jones Financial Companies Lllp boosted its position in Atkore by 61.8% during the 1st quarter. Jones Financial Companies Lllp now owns 644 shares of the company's stock worth $39,000 after purchasing an additional 246 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in Atkore during the 4th quarter worth approximately $77,000.

Atkore Company Profile

Atkore International Group Inc NYSE: ATKR is a diversified global manufacturer of electrical raceway and mechanical products, serving a broad range of end markets including commercial construction, industrial facilities and energy infrastructure. The company's electrical product portfolio encompasses conduit, tubing, fittings, connectors and cable management systems designed for use in residential, commercial and industrial wiring applications. On the mechanical side, Atkore offers pipe support solutions, seismic bracing, HVAC hangers and other mechanical products that address critical building and process piping needs.

Founded as a family-owned business before its reorganization into a standalone public company in 2016, Atkore has grown through both organic investment and targeted acquisitions.

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