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3 Infrastructure Stocks to Buy Hand Over Fist in March
The Motley Fool· 2024-03-09 10:05
Group 1: Infrastructure Spending Trends - The combination of the $1 trillion U.S. infrastructure bill and global infrastructure needs will lead to ongoing spending, benefiting companies involved in this sector [1] - The electrification trend globally will increase demand for copper, which is essential for infrastructure projects like electric vehicles and renewable energy [4][5] Group 2: Company Insights - Trimble - Trimble is transforming infrastructure management through positioning and workflow technology, enhancing decision-making and reducing waste [2] - The shift towards software and services is improving Trimble's profit margins and cash flow potential, with a projected mid-teens growth in annualized recurring revenue (ARR) [3] Group 3: Company Insights - Freeport-McMoRan - Freeport-McMoRan is well-positioned to meet the increasing demand for copper due to its expansion projects and low-cost production capabilities [5] - The company is expected to benefit from rising copper prices driven by infrastructure spending and electrification trends [5] Group 4: Company Insights - Atkore - Atkore's revenue is influenced by raw material prices, with significant fluctuations observed in recent years [6] - Despite a decline in EBITDA due to falling prices, improvements in sales volumes and cost management indicate potential for future earnings growth [6][7] - Rising infrastructure spending is expected to positively impact Atkore's sales volumes, suggesting a favorable outlook for the company's earnings [7]
Investor Group Announces Slate of Highly Qualified, Independent Director Candidates and Proposed Management Team for Norfolk Southern Corporation
Businesswire· 2024-02-20 13:35
CLEVELAND--(BUSINESS WIRE)--Ohio-based Ancora Holdings Group, LLC, its affiliates and the other participants in its solicitation (collectively, the “Investor Group” or “we”), who collectively own a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today announced the nomination of eight highly qualified, independent candidates (the “Investor Slate”) for election to the Company’s Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders (t ...
Atkore Inc. Announces Participation at Upcoming Investor Conferences
Businesswire· 2024-02-13 22:00
HARVEY, Ill.--(BUSINESS WIRE)--Atkore Inc. (the “Company”) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that it will participate in the following upcoming conferences: Citi’s Global Industrial Tech and Mobility Conference, February 20, 2024, Miami – Bill Waltz, President and Chief Executive Officer, and David Johnson, Chief Financial Officer, are scheduled to participate in a fireside chat a ...
Atkore Implements Finance Team Rotation to Support Company's Growth and Development
Businesswire· 2024-02-01 22:00
HARVEY, Ill.--(BUSINESS WIRE)--Atkore Inc. (the “Company” or “Atkore”) (NYSE: ATKR) today announced that John Deitzer has moved into the role of Vice President of Finance - Electrical and Matthew (Matt) Kline has moved into the role of Vice President of Treasury and Investor Relations. Mr. Deitzer and Mr. Kline are transferring roles within Atkore, and each will continue to report directly to David Johnson, Atkore’s Chief Financial Officer and Chief Accounting Officer. “In John and Matt, we are fortunate ...
Atkore (ATKR) - 2024 Q1 - Earnings Call Transcript
2024-02-01 18:59
Atkore Inc. (NYSE:ATKR) Q1 2024 Earnings Conference Call February 1, 2024 8:00 AM ET Company Participants John Deitzer - VP, Treasury and IR Bill Waltz - President and CEO David Johnson - CFO Conference Call Participants Andy Kaplowitz - Citigroup Deane Dray - RBC Chris Moore - CJS Securities Alex Rygiel - B. Riley Chris Dankert - Loop Capital Operator Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to Atkore's First Quarter Fiscal Y ...
Atkore Inc. (ATKR) Q1 Earnings and Revenues Top Estimates
Zacks Investment Research· 2024-02-01 13:11
Atkore Inc. (ATKR) came out with quarterly earnings of $4.12 per share, beating the Zacks Consensus Estimate of $3.54 per share. This compares to earnings of $4.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.38%. A quarter ago, it was expected that this company would post earnings of $4.19 per share when it actually produced earnings of $4.21, delivering a surprise of 0.48%.Over the last four quarters, the company has s ...
Atkore (ATKR) - 2024 Q1 - Quarterly Report
2024-01-31 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________ _____________________ FORM 10-Q _________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37793 _________________________ ...
Atkore Releases 2023 Sustainability Report, Launches ESG Website, and Provides Progress for 2025 Sustainability Targets
Businesswire· 2024-01-09 11:05
HARVEY, Ill.--(BUSINESS WIRE)--Atkore Inc. (the “Company” or “Atkore”) (NYSE: ATKR) released its 2023 Sustainability Report today, detailing key highlights in the Company’s environment, social and governance (ESG) practices and performance. Additionally, the Company expanded the ESG content available on its website. Stakeholders can now browse foundational information on each of its material ESG topics, including climate, carbon, and Greenhouse Gas (GHG) emissions, health and safety, corporate governance, a ...
Atkore Inc. Announces First Quarter Fiscal Year 2024 Earnings Release Date and Conference Call
Businesswire· 2024-01-09 11:00
HARVEY, Ill.--(BUSINESS WIRE)--Atkore Inc. (the “Company”) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that the Company will release its First Quarter Fiscal Year 2024 results before the market opens on Thursday, February 1, 2024. The Company will hold a conference call to discuss the results at 8:00 a.m. (ET) that same day. Interested investors and other parties can listen to a webcast of t ...
Atkore Becomes a NECA National Premier Partner
2023-12-21 03:00
HARVEY, Ill.--(BUSINESS WIRE)--Atkore Inc. (“Atkore”) (NYSE: ATKR) today announced that it has made a three-year commitment to the National Electrical Contractors Association (NECA) Premier Partner sponsorship program, starting January 1, 2024. The top-level sponsorship program connects NECA members to the leading companies in the electrical construction industry. As a Premier Partner, Atkore will collaborate with NECA to deliver educational programs, training resources, and industry insights. Additional ...