Financial Data and Key Metrics Changes - In Q4 FY2025, net sales were $752 million, exceeding the previous outlook, with adjusted EBITDA of $71 million, impacted by one-time inventory adjustments and non-routine items [6][11][12] - For the full year, net sales reached $2.9 billion, with adjusted EPS at $6.05 and adjusted EBITDA totaling $386 million [12] - The company reported a net loss of $54 million in Q4, which included a $19 million non-cash goodwill impairment charge and a $67 million impairment charge related to HDPE assets [11][12] Business Line Data and Key Metrics Changes - Organic volume growth was 1.4% in Q4, with significant contributions from plastic pipe conduit and finished products, particularly PVC, fiberglass, and HDPE, all showing double-digit growth [6][8] - The electrical segment generated net sales of $519 million, with organic volume growth contributing $7 million, while the Safety and Infrastructure (S&I) segment saw a 4% increase in net sales compared to the prior year [15][16] Market Data and Key Metrics Changes - The company anticipates mid-single digit volume growth in FY2026, driven by expected growth across all product areas, particularly in construction end markets such as data centers, healthcare, and renewable energy [10][17] - The demand for electricity is projected to grow at a compound annual growth rate of 2.6% through 2035, driven by the expansion of data centers and renewable energy adoption [19][20] Company Strategy and Development Direction - The board is exploring strategic alternatives, including a potential sale or merger of the entire company, to enhance focus on Atkore's core electrical infrastructure portfolio [5][4] - The company plans to cease operations at three manufacturing facilities and divest non-core assets to improve financial returns and focus on its electrical infrastructure portfolio [5][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth in construction end markets for FY2026, particularly in data centers and renewable energy, while acknowledging challenges in pricing versus cost dynamics [10][50] - The company aims to generate strong cash flows and maintain a healthy balance sheet to support strategic opportunities and return capital to shareholders [9][18] Other Important Information - The company has achieved three consecutive years of organic volume growth, with a total volume increase of approximately 1% in FY2025 [8][13] - Cash flow generation remains a strength, with $144 million returned to shareholders through share repurchases and dividends [9] Q&A Session Summary Question: Guidance for fiscal 2026 and pricing dynamics - Management confirmed expectations of mid-single digit volume growth for FY2026, with potential pricing benefits driven by sequential price increases in steel conduit and other products [26][27] Question: Strategic review and divestment magnitude - The board is exploring various outcomes, including the sale of the entire company, with ongoing discussions regarding the HDPE business and other non-core assets [36][37] Question: Cost savings initiatives - Expected annualized cost reductions of $10 million to $12 million from the closure of three plants, with ongoing efforts to identify further cost-saving opportunities [39][41] Question: Headwinds from imports and pricing - Management acknowledged continued price versus cost headwinds, estimating around $50 million in unmitigated headwinds for FY2026, with expectations for improvement in the second half of the year [49][50] Question: Impact of data centers on growth - Management noted that while data centers are a growing market, the overall impact on growth will depend on the execution of larger mega projects and existing product lines [56][60] Question: Intent to run the business for cash and dividend policy - Management confirmed no current intention to suspend dividends, emphasizing a commitment to maintaining a strong balance sheet while managing capital expenditures [80][82] Question: Seasonal dynamics affecting guidance - Management explained that the first quarter typically experiences a seasonal decline, with expectations for stronger performance in the second half of the fiscal year due to ongoing investments and project ramp-ups [89][90]

Core Viewpoint - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues, particularly when ad-blockers are enabled [1] Group 1 - The article suggests that users may face restrictions if they have ad-blockers enabled, indicating a need for adjustments in browser settings to ensure smooth access [1]

分组1 - Atkore Inc. reported quarterly earnings of $0.69 per share, missing the Zacks Consensus Estimate of $1.3 per share, and down from $2.43 per share a year ago, representing an earnings surprise of -46.92% [1] - The company posted revenues of $752.01 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.77%, but down from year-ago revenues of $788.3 million [2] - Atkore shares have lost about 20.3% since the beginning of the year, contrasting with the S&P 500's gain of 12.9% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.97 on revenues of $648.1 million, and for the current fiscal year, it is $5.41 on revenues of $2.84 billion [7] - The Wire and Cable Products industry, to which Atkore belongs, is currently in the top 37% of the Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Core Insights - Atkore, Inc. reported a net loss of $54.42 million or $1.62 per share for the fourth quarter, a significant decline from a net income of $73.12 million or $2.02 per share in the same quarter last year [1] - Adjusted earnings for the quarter were $0.69 per share, down from $2.43 per share in the prior year [1] - Net sales decreased to $752.01 million from $788.30 million year-over-year [1] Analyst Expectations - Analysts had anticipated earnings of $1.26 per share on net sales of $733.61 million for the quarter, excluding special items [2] Future Guidance - The company expects adjusted earnings for the first quarter to be in the range of $0.55 to $0.75 per share and for the full year 2026 to be between $5.05 and $5.55 per share [3] - The consensus estimate from analysts for the first quarter is $1.07 per share and $5.41 per share for the full year [3]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Mobile-Network Solutions (MNDR) is up 96% at $3.26 - PACS Group, Inc. (PACS) is up 44% at $24.37 - Cerence Inc. (CRNC) is up 28% at $10.16 - Magnera Corporation (MAGN) is up 26% at $10.07 - Oddity Tech Ltd. (ODD) is up 17% at $43.75 - Allot Ltd. (ALLT) is up 14% at $9.80 - Artiva Biotherapeutics, Inc. (ARTV) is up 14% at $3.88 - Kulicke and Soffa Industries, Inc. (KLIC) is up 13% at $40.22 - Fossil Group, Inc. (FOSL) is up 12% at $2.29 - NVIDIA Corporation (NVDA) is up 5% at $195.84 [3] Premarket Losers - Brera Holdings PLC (SLMT) is down 33% at $3.84 - Bath & Body Works, Inc. (BBWI) is down 14% at $18.04 - Cemtrex, Inc. (CETX) is down 11% at $3.20 - Atkore Inc. (ATKR) is down 9% at $60.00 - Gloo Holdings, Inc. (GLOO) is down 9% at $7.30 - SMX (Security Matters) Public Limited Company (SMX) is down 9% at $4.60 - Sonim Technologies, Inc. (SONM) is down 8% at $7.31 - Psyence Biomedical Ltd. (PBM) is down 7% at $2.56 - MMTec, Inc. (MTC) is down 6% at $2.00 - Ridgetech, Inc. (RDGT) is down 5% at $4.78 [4]

Financial Performance - Atkore's Q4 2025 net sales decreased by 4.6% year-over-year to $752 million, compared to $7883 million in Q4 2024[39] - The company experienced a significant decrease in Q4 2025 net income, reporting a loss of $544 million compared to a net income of $731 million in Q4 2024, a decrease of 1744%[39] - Adjusted EBITDA for Q4 2025 was $709 million, a 494% decrease from $1402 million in Q4 2024[39] - Adjusted diluted EPS for Q4 2025 was $069 per share, a 716% decrease from $243 per share in Q4 2024[39] - For FY 2025, net sales decreased by 11% to $285 billion, compared to $32021 billion in FY 2024[40] - The company reported a net loss of $152 million for FY 2025, compared to a net income of $4729 million in FY 2024, a decrease of 1032%[40] - Adjusted EBITDA for FY 2025 was $3864 million, a 499% decrease from $7717 million in FY 2024[40] - Adjusted diluted EPS for FY 2025 was $605 per share, a 582% decrease from $1448 per share in FY 2024[40] Strategic Actions and Outlook - The company is expanding its strategic alternatives review to include a potential sale or merger of the whole company[9] - Atkore anticipates mid-single digit percentage volume growth in FY 2026, driven by expected growth across all key product areas[29]

Core Insights - Atkore Inc. reported a net sales of $2.9 billion for fiscal 2025, marking a decrease of 11.0% compared to the previous year, primarily due to lower average selling prices and divestitures [4][16][18] - The company experienced a net loss of $15.2 million for fiscal 2025, a significant decline from a net income of $472.9 million in fiscal 2024, driven by lower operating income [18][19] - Adjusted EBITDA for fiscal 2025 decreased by 49.9% to $386.4 million, reflecting the impact of reduced sales and increased costs [19] Fourth Quarter Highlights - In Q4 2025, net sales were $752.0 million, down 4.6% from $788.3 million in Q4 2024, primarily due to lower average selling prices [6][7] - The company reported a net loss of $54.4 million in Q4 2025, compared to a net income of $73.1 million in the same quarter of the previous year [9][11] - Adjusted EBITDA for Q4 2025 was $70.9 million, a decrease of 49.4% from $140.1 million in Q4 2024 [10][13] Segment Performance - Electrical segment net sales decreased by 8.1% to $518.9 million in Q4 2025, attributed to lower average selling prices and divestitures [12] - Safety & Infrastructure segment net sales increased by 4.0% to $233.4 million in Q4 2025, driven by higher volumes [14][15] Financial Metrics - Gross profit for Q4 2025 was $147.8 million, down from $216.1 million in Q4 2024, with gross margins decreasing from 27.4% to 19.7% [8][36] - The company repurchased $100.0 million in outstanding shares and paid dividends totaling $44.2 million during fiscal 2025 [21][20] - Cash provided by operating activities was $402.8 million, while free cash flow decreased to $295.7 million for fiscal 2025 [20] Outlook - For fiscal 2026, Atkore expects net sales to be in the range of $3.0 billion to $3.1 billion, with an adjusted EBITDA outlook of $340 million to $360 million [6][23]

Group 1 - The article does not contain relevant content regarding company or industry insights [1]

Core Viewpoint - Atkore Inc. is expanding its strategic alternatives review to include assets beyond its core electrical infrastructure portfolio, considering options such as a potential sale or merger of the entire company to maximize shareholder value [1][2]. Strategic Review Process - The Board of Directors has authorized Citi and J.P. Morgan Securities LLC to assist in the expanded strategic review process [2]. - There is no definitive timetable for the completion of the strategic alternatives review, and the company does not intend to make further public comments until necessary [3]. Board of Directors Update - Atkore will appoint Franklin Edmonds to its Board of Directors as part of a cooperation agreement with Irenic Capital Management, expanding the Board to ten directors, with nine being independent [4][5]. - A Strategic Review Committee will be formed to oversee the evaluation of strategic alternatives, with Bruce Taten serving as a Special Advisor [4]. Management's Commitment - The CEO, Bill Waltz, will remain in his position through the conclusion of the strategic review, emphasizing the commitment to strengthen the business and improve the cost structure [2][4]. Irenic Capital Management's Role - Irenic Capital Management expresses confidence in Atkore's potential to unlock significant value and supports the Board's collaborative approach to value creation [6]. Advisory Team - Citi is the lead financial advisor, with J.P. Morgan Securities LLC also serving as a financial advisor, while Debevoise & Plimpton LLP provides legal advice [7].

Financial Performance - Atkore achieved net sales of $2.9 billion in fiscal 2025, with organic volume growth for the third consecutive year[5] - Fourth-quarter net sales decreased to $752.0 million, down 4.6% from $788.3 million in the prior year, primarily due to lower average selling prices[6] - The company reported a net loss of $(54.4) million for the fourth quarter, compared to net income of $73.1 million in the prior year[6] - Adjusted EBITDA for the fourth quarter was $70.9 million, a decrease of 49.4% from $140.1 million in the prior year[11] - Full-year 2026 net sales are expected to be in the range of $3.0 - $3.1 billion, with adjusted EBITDA outlook of $340 - $360 million[6] - Gross profit for fiscal 2025 decreased by $401.7 million to $676.1 million, with a gross margin of 23.7% compared to 33.7% in fiscal 2024[18] - Adjusted net income per diluted share for fiscal 2025 was $6.05, down from $14.48 in fiscal 2024[20] - Electrical segment net sales decreased by 8.1% to $518.9 million in the fourth quarter, primarily due to decreased average selling prices[13] - Safety & Infrastructure segment net sales increased by 4.0% to $233.4 million in the fourth quarter, driven by higher volumes[15] - Net sales for the three months ended September 30, 2025, were $752,011,000, a decrease of 4.6% from $788,296,000 for the same period in 2024[39] - Gross profit for the three months ended September 30, 2025, was $147,826,000, resulting in a gross margin of 19.7%, down from 27.4% in the prior year[39] - Operating income for the three months ended September 30, 2025, was a loss of $56,759,000 compared to an income of $102,065,000 for the same period in 2024[39] - Net loss for the three months ended September 30, 2025, was $54,420,000, compared to a net income of $73,119,000 for the same period in 2024[39] - Adjusted EBITDA for the fiscal year ended September 30, 2025, was $386,394 thousand, down 49.9% from $771,713 thousand in 2024[48] - The Adjusted EBITDA Margin for the fiscal year ended September 30, 2025, was 13.6%, down from 24.1% in 2024[48] Cash Flow and Capital Expenditures - The company repurchased $100.0 million in outstanding shares and paid dividends totaling $44.2 million during fiscal 2025[22] - Free Cash Flow for the three months ended September 30, 2025, was $295,654 thousand, compared to $399,172 thousand in the same period of 2024, a decrease of 26.0%[44] - Capital expenditures for the three months ended September 30, 2025, were $(107,108) thousand, compared to $(149,861) thousand in the same period of 2024, a decrease of 28.5%[44] Assets and Liabilities - Total assets as of September 30, 2025, were $2,851,922,000, a decrease from $3,021,403,000 as of September 30, 2024[41] - Cash and cash equivalents increased to $506,699,000 as of September 30, 2025, compared to $351,385,000 in the previous year[41] - Total liabilities decreased to $1,453,581,000 as of September 30, 2025, from $1,481,503,000 as of September 30, 2024[41] - Total Debt as of September 30, 2025, was $760,532 thousand, slightly down from $764,838 thousand in 2024[56] - Net Debt decreased to $253,833 thousand as of September 30, 2025, from $413,453 thousand in 2024, a reduction of 38.6%[56] - Cash and cash equivalents at the end of the period increased to $506,699 thousand from $351,385 thousand in the previous year, an increase of 44.3%[56] Impairments and Adjustments - The company reported an asset impairment charge of $86,654,000 for the three months ended September 30, 2025[39] - Adjusted net income for the fiscal year ended September 30, 2025, was $205,754 thousand, down from $532,878 thousand in 2024, a decline of 61.4%[52] - Net income for the three months ended September 30, 2025, was $(54,420) thousand, a decrease from $73,119 thousand in the same period of 2024, representing a decline of 174.3%[47] - Adjusted EBITDA and Adjusted EBITDA Margin are used to evaluate business performance, but specific figures for these metrics were not disclosed in the provided content[32][35]