Financial Performance - Estimated net sales for Q2 2025 are approximately $695 million to $705 million, reflecting mid-single digit volume growth[6] - Q2 2025 estimated net loss is approximately $(77) million to $(41) million, with an adjusted EBITDA of approximately $115 million to $118 million[6] - Adjusted net income per diluted share is estimated to be approximately $2.01 to $2.08[6] - The company maintains its full-year fiscal 2025 outlook, projecting net sales of approximately $2,850 million to $2,950 million[14] - Adjusted EBITDA for the full year is projected to be approximately $375 million to $425 million[14] - The company reported a net loss of $76,726,000 for the three months ended March 28, 2025, compared to a net loss of $41,287,000 in the same period last year[27] - Adjusted net income per diluted share was $2.01, slightly down from $2.08 in the same quarter last year[27] - The company reported an adjusted net income of $68,758,000, down from $71,399,000 year-over-year[27] - The net loss per diluted share was $(2.24), compared to $(1.20) in the same quarter last year[27] Impairment and Charges - The company expects a pre-tax non-cash impairment charge of approximately $121 million to $162 million related to HDPE assets[5] - The impairment charge was triggered by emerging competing technology and adverse market conditions affecting public spending[4] - Impairment of assets amounted to $161,635,000, up from $120,604,000 in the previous year[27] - Pre-tax adjustments to net income were $188,718,000, compared to $144,987,000 in the previous year[27] - The tax effect on pre-tax adjustments was a reduction of $47,180,000, compared to $36,247,000 last year[27] Labor and Operations - A new 5-year labor contract has been ratified for the Harvey, IL facility, retroactive to April 2024[8] - The company sources and manufactures most products in the U.S., with a focus on domestic customers[4] Corporate Events - The company will release its Q2 earnings on May 6, 2025, and hold a conference call at 8:00 a.m. ET[9] Stock and Compensation - Stock-based compensation increased to $7,713,000 from $5,013,000 year-over-year[27] - The diluted weighted average common shares outstanding decreased to 34,288,000 from 37,166,000 year-over-year[27] - The company incurred a loss on the sale of business totaling $6,101,000, with no comparable loss in the prior year[27]

Core Viewpoint - Atkore Inc. is facing a class action securities lawsuit due to alleged securities fraud related to an anticompetitive price-fixing scheme involving PVC Pipes, which has negatively impacted the company's financial performance and operations [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for investors affected by alleged securities fraud between August 2, 2022, and February 3, 2025 [1]. - The complaint alleges that Atkore engaged in a price-fixing scheme that artificially inflated PVC Pipe prices, leading to unsustainable financial benefits for the company [2]. - As the price-fixing scheme was exposed, the price of PVC Pipes significantly decreased, adversely affecting Atkore's business and operations [2]. Group 2: Investor Participation - Investors who suffered losses during the relevant timeframe have until April 23, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Atkore Inc. (NYSE: ATKR) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Atkore, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/atkore-inc. Investors have until April 23, 2025, to ask the Court to be appointed to lead the case. ...

Core Viewpoint - Securities class action lawsuits have been filed against Atkore Inc. for alleged misconduct related to price-fixing of PVC pipes during the specified Class Period from August 2, 2022, to February 3, 2025 [1][2]. Group 1: Allegations Against Atkore - Defendants allegedly engaged in an anticompetitive price-fixing scheme that artificially inflated the price of PVC pipes, including both water pipes and electrical conduit pipes [2]. - Atkore reportedly gained significant and unsustainable financial benefits from this anticompetitive conduct [2]. - As the price-fixing scheme was exposed, Atkore and its co-conspirators could no longer maintain inflated prices, leading to a substantial decrease in PVC pipe prices [2]. - The company's business and operations were negatively impacted as a result of these actions [2]. - Positive statements made by the defendants regarding Atkore's business and prospects were claimed to be materially false and misleading [2]. Group 2: Legal Process and Representation - Investors in Atkore have until April 23, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [3]. - The lead plaintiff selects counsel to represent the class, and this decision does not affect the ability of other investors to share in any recovery [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP has a global reputation for prosecuting class actions and has recovered billions of dollars for victims of corporate misconduct [4]. - The firm aims to protect investors, consumers, and employees from fraud and negligence by businesses [4].

Core Viewpoint - A lawsuit has been filed against Atkore Inc. and its senior executives for potential violations of federal securities laws, focusing on misrepresentation related to PVC Pipe pricing and an alleged price-fixing scheme [1][2][5]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of Illinois, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until April 23, 2025, to request to lead the case [2]. Group 2: Company Background - Atkore manufactures electrical, safety, and infrastructure products, including PVC Pipe [3]. - The company faced challenges during the COVID-19 pandemic, with shipping costs rising and foreign manufacturers exiting the U.S. market [3]. Group 3: Allegations of Misrepresentation - Atkore allegedly misrepresented that post-pandemic PVC Pipe price declines were due to "pricing normalization" and competitive dynamics [4]. - An activist investor's report accused Atkore of engaging in an anticompetitive price-fixing scheme that inflated PVC Pipe prices [5]. Group 4: Stock Performance and Impact - On February 4, 2025, Atkore announced disappointing earnings, revealing a decline in the plastic pipe and conduit product category, which led to a nearly 20% drop in stock price from $79.72 to $64.13 per share [6]. - The company attributed approximately $75 million, or 3/4 of the guidance reduction, to its PVC Pipe business [6]. Group 5: Regulatory Scrutiny - On February 14, 2025, Atkore disclosed receiving a grand jury subpoena from the U.S. Department of Justice Antitrust Division regarding the pricing of its PVC products [7].

Core Viewpoint - Atkore Inc. is facing a class action lawsuit due to allegations of engaging in an anticompetitive price-fixing scheme that inflated the prices of PVC pipes, leading to significant financial damages for investors during the class period from August 2, 2022, to February 3, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Atkore made false and misleading statements regarding its business operations and financial health, which were based on unsustainable benefits derived from the alleged price-fixing scheme [5]. - As the price-fixing scheme was exposed, Atkore could no longer maintain inflated prices for PVC pipes, resulting in a substantial decrease in their market price and negatively impacting Atkore's business operations [5]. - Investors are reminded of the April 23, 2025, deadline to serve as lead plaintiff in the class action, which is crucial for directing the litigation on behalf of other class members [1][3]. Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their own success in recovering hundreds of millions of dollars for investors [4]. - The firm has been recognized for its leadership in securities class action settlements, achieving significant recoveries, including over $438 million in 2019 alone [4].

Core Viewpoint - Atkore Inc. is facing a class action lawsuit due to allegations of participating in an anticompetitive price-fixing scheme that inflated PVC pipe prices, leading to significant financial losses for investors [3]. Group 1: Class Action Details - The class action represents investors who purchased Atkore Inc. securities between February 1, 2024, and February 3, 2025, with a deadline of April 23, 2025, to file a lead plaintiff motion [1]. - Investors are encouraged to contact the Portnoy Law Firm for legal rights discussions and case evaluations [2]. Group 2: Allegations Against Atkore Inc. - The complaint alleges that Atkore engaged in a price-fixing scheme that artificially inflated PVC pipe prices [3]. - It is claimed that Atkore gained significant but unsustainable financial benefits from this scheme [3]. - Following the exposure of the price-fixing scheme, Atkore and its co-conspirators could no longer manipulate prices, resulting in a substantial decline in business operations [3]. - The lawsuit asserts that the defendants' positive statements regarding Atkore's business and prospects were materially false and misleading [3].

NEW YORK, April 18, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Atkore Inc. ("Atkore Inc." or the "Company") (NYSE: ATKR) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Atkore Inc. investors who were adversely affected by alleged securities fraud between August 2, 2022 and February 3, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/atkore-inc-lawsuit-submission-f ...

RADNOR, Pa., April 17, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed in the United States District Court for the Northern District of Illinois against Atkore Inc. (“Atkore”) (NYSE: ATKR) on behalf of those who purchased or otherwise acquired Atkore common stock between August 2, 2022, and February 3, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is April 23, 2025. CONTACT ...

NEW YORK, April 17, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Atkore Inc. (NYSE: ATKR).Shareholders who purchased shares of ATKR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/atkore-inc-loss-submission-form/?id=143331&from=4CLASS PERIOD: August 2, 2022 to February 3, 2 ...