Third Quarter 2023 Earnings Presentation and Business Update August 8, 2023 ...

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 June 30, 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 _____________________________ ...

Financial Data and Key Metrics Changes - In Q2 2023, net sales were $896 million, adjusted EBITDA was $276 million, and adjusted EPS was $4.87, reflecting a sequential increase from Q1 [6][4] - Volume in the quarter was up 4%, aligning with expectations for mid-single digit volume growth for the full year [4][6] - Adjusted EBITDA margins were 31%, down year-over-year but still considered strong [6][8] Business Line Data and Key Metrics Changes - The S&I business experienced a 20% volume increase, driven by demand for metal framing and solar-related products, with adjusted EBITDA margins over 15% [8][9] - PVC volumes were down double digits compared to the previous year's strong performance, primarily due to reduced utility project activity on the West Coast and a slowdown in residential activity [7][8] - Excluding the impact of PVC, overall volume would have been up close to mid-teens [7] Market Data and Key Metrics Changes - The company noted that market demand remains solid, with no excess supply in the channel as buyers are purchasing only what they need [16][18] - Input costs for materials like steel and copper have shown volatility, with steel costs down 30% year-over-year but up 20% sequentially from Q1 to Q2 [18][19] - The contractor's backlog remains strong, indicating ongoing demand for construction-related products [40][42] Company Strategy and Development Direction - The company is focused on three conduits of growth: M&A, category expansion in solar and HDPE, and new product innovation, which reached 9% of net sales in Q2 [11][12] - The integration of recent acquisitions is on track, with expectations of exceeding integration models and achieving synergies [31][52] - The company is optimistic about future growth opportunities in mega projects and international markets [9][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving mid-single-digit volume growth for the full year and has raised guidance for adjusted EBITDA and adjusted EPS based on strong performance [12][61] - The company is optimistic about the impact of upcoming stimulus funding on future growth [40][42] - Management highlighted the importance of maintaining strong cash flow and a solid balance sheet as foundations for future growth [10][61] Other Important Information - The company repurchased $119 million in shares during Q2 and continued share repurchases in Q3 [4][10] - Cash flow from operating activities was 116% of net income for the first half of fiscal 2023, up 150% compared to the same period in fiscal 2022 [9][10] Q&A Session Summary Question: Can you provide more details on the pricing dynamics this quarter? - Management indicated that market demand is solid, with no excess supply, and input costs are volatile, with steel down 30% year-over-year but up 20% sequentially [14][18] Question: What is the status of backlogs and pricing retention? - Backlogs are back to normal levels, and while pricing has decreased, it is not down as much as input costs [20][21] Question: Can you elaborate on the S&I business and mega projects? - The S&I business is benefiting from increased demand in mega projects, particularly in data centers and EV battery facilities [27][30] Question: What are the volume assumptions for the rest of the year? - The company expects mid-single-digit volume growth, with no signs of destocking observed [35][36] Question: How is the solar business contributing to performance? - Solar-related products are expected to significantly contribute to growth, particularly in FY 2024 as new facilities come online [46][48] Question: What is the market dynamic for HDP? - The integration of HDP acquisitions is on track, with optimistic future growth expected despite some short-term weather-related challenges [50][52]

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 March 31, 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 ____________________________ ...

Financial Data and Key Metrics Changes - In Q1 2023, net sales were $834 million and adjusted EBITDA was $264 million, with adjusted EPS increasing to $4.61, reflecting a 1% year-over-year increase [6][7][9] - Adjusted EBITDA margins were 32%, down year-over-year but still considered strong [7] - The company is increasing its full-year outlook for adjusted EBITDA to $1 billion, up by $100 million from previous guidance, and adjusted EPS is now expected to be in the range of $15.85 to $17.75 [9][10] Business Line Data and Key Metrics Changes - The Safety & Infrastructure (S&I) segment experienced a 22% growth in adjusted EBITDA, while the electrical segment saw margin compression due to normalization of pricing [8][10] - Volumes were up over 5% in the quarter, with recent acquisitions contributing an additional 7% growth [7][8] Market Data and Key Metrics Changes - The company noted strong performance in data centers and large chip fabrication projects globally, contributing to volume growth [7][8] - There is a noted decline in average selling prices as the market normalizes, alongside a downward trend in key input costs [7][8] Company Strategy and Development Direction - The company is focused on capital deployment and strategic growth, including the acquisition of Elite Polymer Solutions to expand HDPE product offerings [3][4] - Sustainability is emphasized as a core component of the company's strategy, with a third sustainability report released detailing progress against external targets [10][11] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about mid-single-digit volume growth for the remainder of the year, supported by strong customer backlogs [15][16] - The company is cautiously optimistic about growth in the industry, despite some weakness in residential markets [20][21] - Management highlighted the importance of the Inflation Reduction Act and other governmental actions, suggesting a more significant impact in 2024 [36][37] Other Important Information - The company has repurchased over $250 million in shares year-to-date, reflecting a commitment to returning cash to shareholders [4][9] - The management team is actively pursuing M&A opportunities and has increased the size of the M&A team to explore further acquisitions [31] Q&A Session Summary Question: Resilience of end markets and customer backlogs - Management expressed optimism about volume growth, citing 6 to 12 months of backlog with distributor partners, indicating confidence in continued demand [15] Question: Price versus cost dynamics and guidance adjustments - Management noted that they are retaining more pricing than previously expected, allowing for an increase in guidance for adjusted EBITDA [16][17] Question: Demand trends in metal electrical conduit and PVC markets - Management indicated that while there is residential weakness, multifamily homes and electrification trends are driving demand [20][21] Question: Normalization of EBITDA and input costs - Management acknowledged ongoing pressure on pricing but highlighted strong volume growth and new product development as factors supporting the EBITDA guidance [24][26] Question: M&A pipeline and competition - Management stated that there has been no increased trend in competition for acquisitions, emphasizing Atkore's unique position in the market [30][31] Question: Demand in Safety & Infrastructure segment - Management noted solid growth across product lines in the S&I segment, driven by data centers and fabrication plants [32] Question: Impact of governmental actions on volume guidance - Management indicated that the impact of governmental actions will be more significant in 2024, with some minor contributions expected in 2023 [36][37] Question: HDPE market opportunity - Management expressed excitement about the HDPE market, highlighting strong positioning and optimism for future growth [40] Question: Cash flow and inventory levels - Management indicated that inventory levels are where they want them to be, with a slight increase expected due to upcoming solar volume [41] Question: Solar and telecom conduit demand trends - Management is optimistic about both short-term and long-term demand in solar and telecom conduit markets, driven by new tax credits and domestic manufacturing [44][45]

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 30, 2022 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 _________________________ ...

Financial Performance - Atkore delivered record financial results in FY2022[11] - Net sales for Q4 2022 reached $1029 million, an 11% increase compared to $923.7 million in Q4 2021[12] - Net income for Q4 2022 was $220.8 million, a 9% increase from $202.6 million in Q4 2021[12] - Adjusted EBITDA for Q4 2022 was $325 million, an 11% increase compared to $292.9 million in Q4 2021[12] - Adjusted diluted EPS for Q4 2022 was $5.52, a 26% increase from $4.39 in Q4 2021[12] - Net sales for FY2022 were $3913.9 million, a 34% increase compared to $2928 million in FY2021[12] - Adjusted EBITDA for FY2022 was $1341.8 million, a 49% increase compared to $897.5 million in FY2021[12] - Adjusted diluted EPS for FY2022 was $21.55, a 66% increase compared to $12.98 in FY2021[12] Strategic Initiatives - The company deployed $136 million in capital expenditures to support future growth in FY2022[11] - The company repurchased $500 million in stock in FY2022[11] - The company deployed $649 million to bolster product categories, expand geographic presence and enter new markets to enhance transformation[49]

Atkore Inc. (NYSE:ATKR) Q4 2022 Earnings Conference Call November 18, 2022 8:00 AM ET Company Participants John Deitzer - Vice President-Treasury and Investor Relations Bill Waltz - President and Chief Executive Officer David Johnson - Chief Financial Officer Conference Call Participants Deane Dray - RBC Andy Kaplowitz - Citigroup Chris Moore - CJS Chris Dankert - Loop Capital Operator Good morning. My name is Rob, and I’ll be your conference operator today. At this time, I would like to welcome everyone to ...

Company Overview - Atkore is a values-based organization driven by the Atkore Business System[9] - Atkore has leading market share in key product categories with a portfolio of must-stock products for electrical distributors[9] - Atkore has a strong liquidity position with a balance sheet ready to support and help drive future growth[11] Growth Opportunities - Atkore has multiple levers and opportunities to drive sustainable growth through both organic and inorganic investments[10] - Electrification & Digitization Megatrends are where Atkore delivers solutions[16, 17] - Atkore takes a strategic & disciplined approach to M&A, focusing on critical mass in served markets, value creation, and stewardship & Atkore values[20] Sustainability - Atkore announced 2025 Sustainability Targets in January 2022, including a reduction in Scope 1 & 2 GHG emissions intensity and diversity across the Senior Leadership Team[25] - Atkore aims to have 90% of sites meeting TBSO targets by 2025 and 90% participation in the annual employee engagement and alignment survey by 2025[25] - Atkore's sustainability efforts have been recognized by organizations like Newsweek, Great Place to Work, and the Human Rights Campaign Foundation[25]