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]

November 20, 2025 Fourth Quarter 2025 Earnings Presentation and Business Update 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 contained in this presentation ...

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]

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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]

Corporate Strategy - Atkore Inc is considering strategic options, including a potential sale, following activist investor pressure [1]

Core Viewpoint - Atkore Inc. has declared a quarterly cash dividend of $0.33 per share, reflecting its commitment to returning value to shareholders [1]. Company Summary - Atkore Inc. is a leading manufacturer of electrical products catering to various sectors including commercial, industrial, data center, telecommunications, and solar applications [1]. - The dividend is scheduled to be paid on December 17, 2025, to stockholders of record as of December 5, 2025 [1].

Core Viewpoint - Investors in Atkore Inc. have the opportunity to participate in an investigation led by the Schall Law Firm regarding potential legal issues affecting the company [1] Group 1 - The investigation is focused on potential violations of securities laws by Atkore Inc. [1] - The Schall Law Firm is seeking to gather information from investors who may have been affected [1] - This investigation may lead to legal actions that could impact the company's stock performance [1]