Core Viewpoint - Atkore Inc. is preparing to announce its Q1 2026 earnings, with analysts projecting an EPS of $0.64 and revenue of approximately $649.75 million [1] Financial Performance - In the previous quarter, Atkore reported an EPS of $0.69, which was below the consensus estimate of $1.30 by $0.61 [2] - The company generated revenue of $752 million, exceeding analysts' expectations, but faced a negative net margin of -0.53% [2] - Atkore achieved a return on equity of 12.98%, indicating some profitability challenges despite higher revenue [2] Financial Ratios - Atkore has a price-to-sales ratio of 0.82 and an enterprise value to sales ratio of 0.96, suggesting a cautious market valuation [3] - The company maintains a strong current ratio of 3.05 and a moderate debt-to-equity ratio of 0.65, indicating a stable financial position [3] Competitive Landscape - As Atkore prepares for its earnings release, it will be important to observe how the company addresses its challenges and competes with industry players like Eaton and Schneider Electric [4]

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Core Viewpoint - Kaskela Law LLC has initiated an investigation into Atkore Inc. to assess potential violations of securities laws or breaches of fiduciary duties by the company and its executives in relation to recent corporate actions [1]. Group 1 - The investigation is being conducted on behalf of Atkore's shareholders [1]. - Shareholders are encouraged to reach out to Kaskela Law LLC for more information regarding their legal rights and options [2]. - Kaskela Law LLC specializes in representing investors in cases of securities fraud, corporate governance, and merger & acquisition litigation [2].

Core Points - Atkore Inc. has announced the sale of its Tectron mechanical tube product line and manufacturing facility to Lock Joint Tube, aiming to enhance focus on its electrical infrastructure portfolio and deliver greater shareholder value [1][2][3] Company Overview - Atkore Inc. is a leading manufacturer of electrical products for various applications, including commercial, industrial, data center, telecommunications, and solar, with 5,400 employees and $2.9 billion in sales for fiscal year 2025 [4]

Financial Performance - Net sales for fiscal 2025 decreased by $351.7 million, or 11.0%, to $2,850.4 million compared to $3,202.1 million in fiscal 2024, primarily due to decreased average selling prices[236] - Gross profit for fiscal 2025 was $676.1 million, a decrease of $401.7 million, or 37.3%, from $1,077.8 million in fiscal 2024[236] - Operating income plummeted by $601.6 million, or 96.3%, to $23.2 million in fiscal 2025 compared to $624.8 million in fiscal 2024[236] - Net income for fiscal 2025 was a loss of $15.2 million, a decrease of $488.0 million, or 103.2%, from a net income of $472.9 million in fiscal 2024[236] - Adjusted EBITDA decreased by $397.8 million, or 54.6%, to $330.5 million for fiscal 2025, compared to $728.3 million for fiscal 2024[247] Cost and Expenses - Cost of sales increased by $50.1 million, or 2.4%, to $2,174.3 million for fiscal 2025, driven by increased freight costs and higher sales volume[238] - Selling, general and administrative expenses decreased by $0.9 million, or 0.2%, to $396.6 million in fiscal 2025, attributed to lower costs across various categories[239] - Intangible asset amortization expense decreased by $13.6 million, or 24.5%, to $41.9 million in fiscal 2025 due to certain intangibles becoming fully amortized[240] - Other expense, net increased by $5.7 million to $7.7 million for fiscal 2025, compared to $2.0 million for fiscal 2024[243] Impairment Charges - The company recognized a $66.7 million impairment charge related to the potential sale of the HDPE business in fiscal 2025[224] - Asset impairment charges increased to $214.4 million for fiscal 2025, compared to no charges in fiscal 2024[241] - In fiscal 2025, the Company recorded a goodwill impairment of $18.9 million for the Mechanical reporting unit[301] - The Company identified non-cash impairment charges of $194,450 related to the long-lived assets of the HDPE business in fiscal 2025[306] Tax and Income - Income tax expense decreased by $117.8 million to a benefit of $3.4 million for fiscal 2025, compared to an expense of $114.4 million for fiscal 2024[244] - The effective tax rate decreased to 18.4%[244] Cash Flow and Capital Expenditures - Cash and cash equivalents increased by $155.3 million to $506.7 million as of September 30, 2025, compared to the previous year[268] - The company reported cash flows from operating activities of $402.8 million in fiscal 2025, a decrease of 26.6% compared to $549.0 million in fiscal 2024[280] - Cash used in investing activities decreased to $85.6 million in fiscal 2025 from $154.3 million in fiscal 2024, primarily due to reduced capital expenditures[282] - Financing activities resulted in cash outflows of $160.5 million in fiscal 2025, down from $435.3 million in fiscal 2024, mainly due to decreased share repurchases[283] - In fiscal 2025, capital expenditures totaled $107.1 million, focusing on equipment and growth initiatives to support Global Megaprojects[271] Market Dependence and Sales - Approximately 88% of net sales in fiscal 2025 were to customers located in the United States, indicating a strong dependence on the U.S. economy[217] - Approximately 12% of net sales in fiscal 2025 came from international customers, primarily in foreign currencies[225] - Safety & Infrastructure segment net sales increased by $4.3 million, or 0.5%, to $853.4 million for fiscal 2025, compared to $849.1 million for fiscal 2024[249] Future Outlook and Commitments - The company expects to incur additional restructuring costs in fiscal 2026 following a $1.3 million accrual for restructuring activities announced on September 29, 2025[224] - The company has purchase commitments of $110.9 million and $4.1 million for raw materials in 2026 and 2027, respectively[272] - The projected pension contribution for fiscal 2026 is estimated at $0.4 million[273] - Total estimated cash outflows for servicing existing debt instruments amount to $972.4 million, with significant payments due in the next five years[274] Industry Trends - Emerging industry trends indicate a shift towards renewable power generation and increased demand for digital infrastructure products[226][227] Accounting Policies - The Company utilizes the last-in, first-out (LIFO) method for inventory valuation, reflecting current costs and revenues[307] - The Company assesses the recoverability of goodwill and indefinite-lived intangible assets annually, with the measurement date set for the first day of the fourth fiscal quarter[298] - The Company accounts for business combinations using the acquisition method, recording all acquired assets and assumed liabilities at fair value at the date of acquisition[297]

Company Overview - Atkore Inc. is a leading manufacturer of electrical products and solutions, offering a wide range of products including electrical raceway solutions, mechanical products, and safety and infrastructure solutions [1] - The company serves various industries such as construction, industrial, and infrastructure, competing with major players like Eaton Corporation and Schneider Electric [1] Stock Performance - On November 21, 2025, Roth Capital set a price target of $65 for Atkore, indicating a potential increase of about 12.19% from the current stock price of $57.94 [2] - The stock has recently declined by 12.91%, with a change of -$8.59, and has fluctuated between $55.46 and $67.05 [2] Earnings Call Insights - Atkore's Q4 2025 earnings call included key executives such as CEO William Waltz and CFO John Deitzer, with attendance from analysts of major financial institutions like ROTH Capital Partners and Citigroup [3] Market Capitalization and Trading Volume - The company's market capitalization is approximately $1.95 billion, with a trading volume of 2,358,222 shares on the NYSE [4] - Over the past year, Atkore's stock has reached a high of $97.32 and a low of $49.92, indicating significant fluctuations [4]

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Core Insights - SoftBank plans to invest up to $3 billion to revamp an electric vehicle facility in Lordstown, Ohio [1] - The remodeled facility will produce equipment for OpenAI's upcoming data centers [1] Investment Details - The investment amount is significant, reaching up to $3 billion [1] - The focus of the investment is on overhauling an existing electric vehicle facility [1] Strategic Implications - The remodeling of the facility indicates a shift towards supporting AI infrastructure, particularly for OpenAI [1] - This move aligns with broader trends in the industry towards integrating electric vehicle technology with data center operations [1]