Workflow
Atkore (ATKR)
icon
Search documents
ATKR Stockholders: Robbins LLP is Investigating the Officers and Directors of Atkore, Inc. to Determine if They Breached Fiduciary Duties Owed to Shareholders
Prnewswire· 2024-12-19 02:29
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]
Robbins LLP Informs Atkore, Inc. Stockholders that it is Investigating the Officers and Directors of ATKR to Determine if They Breached Fiduciary Duties Owed to Shareholders
GlobeNewswire News Room· 2024-12-12 03:44
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]
Atkore Is In The Down Portion Of A Black-Swan-Boom/Could-Be-Worse-Bust Cycle
Seeking Alpha· 2024-12-03 07:32
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]
What's Happening With Atkore Stock?
Forbes· 2024-11-25 15:41
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 (ATKR) - 2024 Q4 - Earnings Call Presentation
2024-11-21 12:13
© 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 ...
Atkore (ATKR) - 2024 Q4 - Annual Report
2024-11-20 23:37
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 ...
Atkore (ATKR) - 2024 Q4 - Annual Results
2024-11-20 23:02
Exhibit 99.1 Atkore Inc. Announces Fourth Quarter 2024 Results Additional Highlights • On November 18, 2024, The Board of Directors declared a quarterly cash dividend of $0.32 per share of common stock payable on December 16, 2024, to stockholders of record on December 6, 2024 • Full-year 2025 Net sales expected to be in the range of $2.9 - $3.2 billion • Full-year 2025 Adjusted EBITDA outlook of $475 - $525 million; Full-year Adjusted net income per diluted share outlook of $7.80 - $8.90 HARVEY, IL. — Nove ...
Johnson Fistel has Commenced an Investigation on Behalf of Atkore (ATKR) Shareholders
Prnewswire· 2024-11-11 19:09
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 ...
Atkore: Interesting Play On Construction Rebound
Seeking Alpha· 2024-09-27 09:59
Atkore (NYSE: ATKR ) is a $3.12 billion market cap US-based electrical equipment manufacturer. Over the last five years, it has beaten the S&P 500 ( SPY ) and the industrial sector overall ( XLI ) by some margin. WhileAnalyst’s Disclosure: I/we have a beneficial long position in the shares of ATKR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no busin ...
Atkore: Stabilization Seems To Arrive
Seeking Alpha· 2024-09-16 15:36
kali9 In June, I believed that shares of Atkore (NYSE:ATKR) were getting electrified, after shares had come down a great deal. While it was evident that peak earnings were coming down, I believed that ¨normal¨ earnings power started to provide support to the valuation, which together with a balanced capital allocation model started to reveal emerging appeal. This resulted in me initiating a first position at the time, way too early, with the benefit of a couple of months of hindsight. Since June, shares hav ...