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 ...

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 ...

Company Overview - Atkore produces electrical, safety, and infrastructure solutions, with the majority of sales coming from electrical and related products [3] - The company generated nearly $2 billion in sales before the pandemic, with operating margins increasing from low single digits to low double digits [3] Recent Performance - In 2022, Atkore's revenues doubled to $3.9 billion, and operating margins reached approximately 30% [4] - However, in November 2023, the company reported a 10% decline in full-year sales to $3.52 billion, with operating earnings down nearly 30% to $893 million, translating to margins of 25% [4][5] - The company has seen a significant drop in share value, from a high of $195 in March 2023 to trading in the mid-$80s [4][6] Financial Guidance - Atkore originally guided for flat sales between $3.50 and $3.65 billion for 2024, with EBITDA expected between $900-$950 million [5] - Following a decline in sales, the full-year EBITDA guidance was cut to a midpoint of $777 million, with earnings projected around $14.41 per share [7] Market Conditions - The company has faced challenges due to a softer macro environment and declining prices, particularly in the HDPE market [8] - An unexpected CFO transition occurred during this period of difficulty, and the company has been involved in an antitrust lawsuit related to pricing practices [7][8] Future Outlook - Despite current challenges, Atkore believes in a minimum earnings power of around $10 per share in 2025, with EBITDA projected at $650 million [8] - The safety and infrastructure segment is growing, now making up a quarter of sales, which may provide more stability going forward [8]

RapidEye/E+ via Getty Images Introduction Atkore (NYSE:ATKR) provides industrial piping and electrical cabled conduit for a number of sectors but is largely exposed to US commercial construction generally. Atkore is split into two business units, "Electrical" and "Safety & Infrastructure". Electrical sells electrical cabling such as PVC tubes, metal/armoured cables, HDPE, fittings, nipples and other connectors. In Q3, this segment done $606m in sales vs $217m in Safety & Infrastructure. Thus, top-line e ...

tolgartIntroduction Back in April, when we last covered the electric products manufacturer Atkore Inc. (NYSE:ATKR), its stock was receiving plenty of positive attention, as it was outperforming the equity bellwether, as well as other industrial alternatives quite handsomely. Back then, we had expressed doubts over whether the resilience would linger and advised investors to exercise some caution. Since then, the stock hasn't managed to kick on, and the Q3 results (ATKR follows a September fiscal year) w ...