Financial Performance - Net sales decreased by $136.9 million, or 17.1%, to $661.6 million for the three months ended December 27, 2024, compared to $798.5 million for the same period last year[6]. - Net income decreased by $92.0 million, or 66.5%, to $46.3 million for the three months ended December 27, 2024, compared to $138.4 million for the prior-year period[8]. - Adjusted EBITDA decreased by $114.4 million, or 53.6%, to $99.2 million for the three months ended December 27, 2024, compared to $213.5 million for the same period last year[9]. - Adjusted net income per diluted share decreased by $2.49 to $1.63 for the three months ended December 27, 2024, compared to $4.12 in the prior year[10]. - Gross profit decreased by $119.5 million, or 41.1%, to $171.1 million for the three months ended December 27, 2024, compared to $290.5 million for the prior-year period[7]. - Free cash flow for the three months ended December 27, 2024, was $33,079, compared to $113,775 for the same period in 2023, representing a decrease of 70.0%[37]. - Adjusted net income for the three months ended December 27, 2024, was $57,102, a decline of 63.3% from $155,507 in the same period of 2023[46]. Sales and Segment Performance - The decrease in net sales is primarily attributed to decreased average selling prices of $96.2 million and decreased sales volume of $43.8 million[6]. - Electrical segment net sales decreased by $128.3 million, or 21.6%, to $465.4 million for the three months ended December 27, 2024[11]. - Safety & Infrastructure segment net sales decreased by $8.4 million, or 4.1%, to $196.7 million for the three months ended December 27, 2024[13]. Outlook and Adjustments - The full-year Adjusted EBITDA outlook is adjusted to $375 million to $425 million, and Adjusted net income per diluted share outlook is adjusted to $5.75 to $6.85[5]. Assets and Liabilities - Total assets as of December 27, 2024, were $2,961,745, a decrease from $3,021,403 as of September 30, 2024[35]. - The company’s total liabilities decreased to $1,454,397 as of December 27, 2024, from $1,481,503 as of September 30, 2024[35]. - Cash and cash equivalents at the end of the period were $310,444, down from $380,922 at the end of the same period in 2023[36]. - Total debt as of December 27, 2024, is $765,375,000, with net debt at $454,931,000 after accounting for cash and cash equivalents of $310,444,000[49]. Trailing Twelve Months (TTM) Metrics - Trailing twelve months (TTM) Adjusted EBITDA for the period ended December 27, 2024, is $657,338,000, showing a decrease from $771,713,000 in the previous quarter[52]. - Net income for the TTM ended December 27, 2024, is reported at $380,827,000, with quarterly net income of $46,336,000 for the three months ended September 30, 2024[52]. - Interest expense for the TTM is $36,000,000, with a quarterly expense of $8,209,000 for the three months ended September 30, 2024[52]. - Income tax expense for the TTM is $97,353,000, with a quarterly expense of $12,260,000 for the three months ended September 30, 2024[52]. - Depreciation and amortization for the TTM is $121,330,000, with a quarterly amount of $29,333,000 for the three months ended September 30, 2024[52]. - Stock-based compensation for the TTM is $21,640,000, with a quarterly expense of $6,097,000 for the three months ended September 30, 2024[52]. - Adjusted EBITDA for the three months ended September 30, 2024, is $99,150,000, down from $140,150,000 in the previous quarter[52]. - Cash and cash equivalents decreased from $368,050,000 in March 2024 to $310,444,000 in December 2024[49]. - The company has shown a consistent trend in net debt reduction, decreasing from $460,643,000 in June 2024 to $454,931,000 in December 2024[49]. Sustainability Efforts - The company published its 2024 Sustainability Report, highlighting progress towards its 2025 ESG goals, including developing Environmental Product Declarations for core product offerings covering approximately half of Atkore's global sales[3].

Company Overview - Atkore Inc is a leading global manufacturer of electrical and infrastructure products, including cables, electrical conduits, infrastructure products, and safety and security products [1] - Nearly 90% of the company's business is focused on the US market [1] Analyst Background - The analyst has over 10 years of trading experience and has been developing as a stock analyst for the last five years [2] - The analyst specializes in value investing, focusing on companies with sustained free cash flows, low leverage, sustainable debt, and high recovery potential [2] - The analyst prefers to analyze companies and sectors that are not widely covered by the market, such as oil & gas, metals, mining, and companies operating outside the United States [2] - The analyst is particularly interested in companies in emerging markets that show high margins and present good investment opportunities in the medium and long term [2] - The analyst values companies with a solid pro-shareholder attitude, including those with sustained buyback programs or dividend distributions [2] - The analyst holds a financial master's degree with a specialization in company valuation and an economic degree [2]

Core Viewpoint - Robbins LLP is investigating Atkore, Inc. for potential violations of securities laws and breaches of fiduciary duties by certain officers and directors [1] Company Overview - Atkore, Inc. manufactures and sells electrical, safety, and infrastructure products both in the United States and internationally [1] Legal Context - Shareholders who have lost money in their investment in Atkore, Inc. are encouraged to contact Robbins LLP for information regarding their rights [2] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless a recovery is made [3] Firm Background - Robbins LLP has been a leader in shareholder rights litigation since 2002, having recovered over $1 billion for shareholders [4]

Core Viewpoint - Robbins LLP is investigating Atkore, Inc. for potential violations of securities laws and breaches of fiduciary duties by certain officers and directors [1] Company Overview - Atkore, Inc. manufactures and sells electrical, safety, and infrastructure products both in the United States and internationally [1] Shareholder Rights - Shareholders of Atkore, Inc. who have incurred losses are encouraged to contact Robbins LLP for information regarding their rights [2] - Robbins LLP operates on a contingency fee basis, meaning shareholders do not pay fees or expenses unless a recovery is made [3] Legal Representation - Robbins LLP has a history of helping shareholders recover losses and improve corporate governance, having obtained over $1 billion for shareholders since its inception in 2002 [4]

Core Insights - The article discusses the author's transition to independent investment research after over 43 years in the industry, emphasizing a focus on actionable investment insights rather than adhering to external agendas [1] Group 1: Investment Philosophy - The company specializes in rules and factor-based equity investing strategies, prioritizing human intelligence over purely quantitative methods [1] - The approach combines factor analysis with classic fundamental analysis to uncover the true story of a company and its stock, focusing on future potential rather than past performance [1] Group 2: Professional Background - The author has extensive experience covering a wide range of stocks, including large cap, small cap, micro cap, value, growth, and income [1] - Previous roles include managing a high-yield fixed-income fund and conducting research on quantitative asset allocation strategies, contributing to the development of Robo Advising [1] - The author has also edited and written stock newsletters, notably the Forbes Low Priced Stock Report, and served as an assistant research director at Value Line [1] Group 3: Educational Contributions - A strong passion for investor education is highlighted, with numerous seminars conducted on stock selection and analysis, along with the authorship of two books: "Screening The Market" and "The Value Connection" [1]

Stock Performance and Market Context - Atkore's stock price rose 5% on November 22, rebounding from a 52-week low of $76, despite a mixed Q4 report and a dismal fiscal 2025 outlook [1] - The stock has declined 20% from early 2023 levels of around $113 to $90, primarily due to an 18% revenue drop from $3 9 billion in 2022 to $3 2 billion in 2024 and a 19% fall in the P/S ratio to 1 0x [1] - ATKR stock has underperformed the broader market with a 43% decline this year, compared to the S&P500's 25% rise, despite generating better returns than the market in the previous three years (170% in 2021, 2% in 2022, and 41% in 2023) [4] Financial Performance and Revenue Trends - Atkore's revenue decline is attributed to lower price realization, with average selling prices plunging 16 5% in 2023 and 11 5% in 2024, despite higher volumes [2] - Operating income halved from $1 2 billion in 2022 to $0 6 billion in 2024, with operating margins declining from 31 5% to 19 5% [2] - Q4 sales were $788 million, a 9% y-o-y decline but above the consensus estimate of $748 million, with Electrical sales down 13 1% and Safety & Infrastructure sales up 2% [3] Valuation and Growth Potential - ATKR stock is trading at 1 0x trailing revenues, below its three-year average P/S ratio of 1 6x, suggesting room for growth [5] - The company has a strong cash position of $3 5 billion, with debt under $1 billion, a debt-to-equity ratio of 30%, and cash representing 12% of assets [5] - Analysts' average price estimate of $101 reflects a 12% upside from current levels, supported by expected steel price rebounds from 2026 and continued share repurchases [5] Industry and Commodity Price Impact - Atkore's performance is closely linked to commodity prices, particularly steel, copper, and resin, with steel prices declining since 2021 due to weak demand from China [2] - The company faces continued pricing pressure, guiding for fiscal 2025 sales in the range of $2 9 billion to $3 2 billion [3]

© Atkore Fourth Quarter and Full Year 2024 Earnings Presentation and Business Update A Atkore November 21, 2024 Cautionary Statements This presentation is provided for general informational purposes only and it does not include every item which may be of interest, nor does it purport to present full and fair disclosure with respect to Atkore Inc. (the "Company" or "Atkore") or its operational and financial information. Atkore expressly disclaims any current intention to update any forward-looking statements ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________ FORM 10-K _________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-37793 _________________________________________ Atkore Inc. (Exact name of registrant as spec ...

Financial Performance - Net sales for Q4 2024 decreased by $81.6 million, or 9.4%, to $788.3 million compared to $869.9 million in the prior year[4]. - Net income for Q4 2024 decreased by $67.8 million, or 48.1%, to $73.1 million, with adjusted net income per diluted share decreasing to $2.43 from $4.21[4][12]. - Full-year 2024 net sales decreased by $316.7 million, or 9.0%, to $3,202.1 million, primarily due to decreased average selling prices of $406.1 million[19]. - Adjusted EBITDA for Q4 2024 decreased by $91.8 million, or 39.6%, to $140.2 million, with adjusted EBITDA margin decreasing from 26.7% to 17.8%[11]. - Atkore reported net sales of $788.3 million for the three months ended September 30, 2024, a decrease of 9.4% compared to $869.9 million for the same period in 2023[49]. - Gross profit for the same period was $216.1 million, resulting in a gross margin of 27.4%, down from 34.7% in the prior year[49]. - Operating income decreased to $102.1 million for the three months ended September 30, 2024, compared to $189.4 million in the same period last year[49]. - Net income for the three months ended September 30, 2024, was $73.1 million, a decline of 48% from $140.9 million in the prior year[49]. - Adjusted EBITDA for the three months ended September 30, 2024, was $140,150 thousand, a decrease of 39.6% from $231,978 thousand in the same period last year[60]. - For the fiscal year ended September 30, 2024, net sales were $3,202,053 thousand, a decrease of 9.0% from $3,518,761 thousand in 2023[63]. - Adjusted net income for the three months ended September 30, 2024, was $86,637 thousand, compared to $161,047 thousand in 2023, reflecting a decline of approximately 46.1%[66]. - Adjusted EBITDA for the fiscal year ended September 30, 2024, was $771,713 thousand, down from $1,042,127 thousand in 2023[69]. Cash Flow and Shareholder Returns - Cash flow from operating activities for fiscal 2024 was $549.0 million, down from $807.6 million in fiscal 2023, with free cash flow decreasing to $399.2 million[25]. - The company returned approximately 75% of cash generated from operating activities to shareholders through dividends and share repurchases[3]. - The Board of Directors declared a quarterly cash dividend of $0.32 per share, payable on December 16, 2024[2]. - The company paid $34,461 thousand in dividends to shareholders during the period, marking a new strategy in shareholder returns[55]. Segment Performance - Electrical segment net sales decreased by $85.3 million, or 13.1%, to $564.5 million in Q4 2024, primarily due to decreased average selling prices[15]. - Safety & Infrastructure segment net sales increased by $4.3 million, or 1.9%, to $224.5 million in Q4 2024, driven by higher volumes[17]. - The company experienced a decline in the Adjusted EBITDA Margin for the Electrical segment to 30.9% in 2024 from 37.6% in 2023[63]. - The Safety & Infrastructure segment reported an Adjusted EBITDA Margin of 10.6% for the fiscal year 2024, down from 12.2% in 2023[63]. Expenses and Liabilities - Atkore's selling, general and administrative expenses increased to $100.4 million for the three months ended September 30, 2024, compared to $97.0 million in the same period last year[49]. - Total current liabilities decreased to $510,866 thousand from $564,604 thousand, a reduction of 9.5%[52]. - Cash and cash equivalents at the end of the period were $351,385 thousand, down from $388,114 thousand, reflecting a decrease of 9.5%[55]. - Capital expenditures for the three months ended September 30, 2024, were $149,861 thousand, compared to $218,888 thousand in the previous year, indicating a reduction of 31.6%[57]. - Long-term debt remained relatively stable at $764,838 thousand, compared to $762,687 thousand in the previous year[52]. Future Outlook - The company expects full-year 2025 net sales to be in the range of $2.9 - $3.2 billion and adjusted EBITDA to be between $475 - $525 million[2][27]. - The company anticipates potential risks including economic conditions and competition that could impact future performance[34]. - Adjusted EBITDA margin was not explicitly stated but is a key performance indicator used by the company to evaluate business performance[39].

SAN DIEGO, Nov. 11, 2024 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Atkore Inc. (NYSE: ATKR), any of its executive officers, or others violated securities laws by misrepresenting or failing to timely disclose material information adverse to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.What if I purchased Atkore securities? If you purchased securities and suffered losses on your investme ...