Atkore (ATKR)
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Atkore (ATKR) - 2020 Q2 - Quarterly Report
2020-05-04 22:11
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 27, 2020 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 (ATKR) - 2020 Q1 - Earnings Call Transcript
2020-02-04 19:16
Atkore International Group, Inc. (NYSE:ATKR) Q1 2020 Earnings Conference Call February 4, 2020 8:00 AM ET Company Participants John Deitzer - VP, IR William Waltz - President, CEO & Director David Johnson - VP, CFO & CAO Conference Call Participants Deane Dray - RBC Capital Markets Andrew Kaplowitz - Citigroup John Walsh - Crédit Suisse Deepa Raghavan - Wells Fargo Securities Operator Greetings. Welcome to Atkore International first quarter earnings conference call. [Operator Instructions]. As a reminder, t ...
Atkore (ATKR) - 2020 Q1 - Quarterly Report
2020-02-03 23:40
Financial Performance - Net sales decreased by $4.6 million, or 1.0%, to $447.4 million for the three months ended December 27, 2019, compared to $452.0 million for the same period in 2018[106] - Gross profit increased by $6.6 million, or 6.0%, to $116.8 million for the three months ended December 27, 2019, compared to $110.3 million for the same period in 2018[105] - Operating income increased by $6.9 million, or 15.0%, to $52.5 million for the three months ended December 27, 2019, compared to $45.7 million for the same period in 2018[105] - Net income increased by $7.8 million, or 29.1%, to $34.8 million for the three months ended December 27, 2019, compared to $26.9 million for the same period in 2018[105] Segment Performance - Adjusted EBITDA for the Electrical Raceway segment increased by $1.7 million, or 2.5%, to $70.2 million for the three months ended December 27, 2019, with an Adjusted EBITDA margin of 20.6%[116] - Adjusted EBITDA for the Mechanical Products & Solutions segment increased by $5.8 million, or 53.0%, to $16.7 million for the three months ended December 27, 2019, with an Adjusted EBITDA margin of 15.6%[119] Cash and Financing - Cash and cash equivalents were $164.1 million as of December 27, 2019, with $46.9 million held at non-U.S. subsidiaries[120] - The company had no outstanding borrowings under the ABL Credit Facility as of December 27, 2019, with approximately $282.6 million available for borrowings[121] - Operating activities provided $52.2 million in cash during the three months ended December 27, 2019, compared to $40.3 million in the same period of 2018, reflecting an increase of $11.9 million primarily due to higher gross profit[129] - Investing activities used $9.8 million in cash during the three months ended December 27, 2019, a significant decrease from $64.9 million in the same period of 2018, mainly due to the prior year's acquisition of Vergokan for $58.7 million[130] - Financing activities used $3.0 million in cash during the three months ended December 27, 2019, compared to $25.2 million in the same period of 2018, with the decrease attributed to no share repurchases in the recent quarter versus $24.4 million in the prior year[131] Tax and Accounting - The effective income tax rate decreased to 17.4% for the three months ended December 27, 2019, compared to 23.2% for the same period in 2018[113] - The company has not experienced any material changes in contractual obligations and commitments since the last Annual Report[132] - There have been no material changes in critical accounting policies and estimates since the last Annual Report[133] Risks and Forward-Looking Statements - The company cautions that forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from expectations[137] - Key risks include declines in economic conditions, pricing pressure, and challenges in attracting and retaining personnel, which could impact future performance[138] - The company emphasizes that comparisons of results for current and prior periods should only be viewed as historical data and not indicative of future trends[140] - There have been no material changes to the quantitative and qualitative disclosures about market risks previously disclosed in the Annual Report[141] Sales and Pricing - The decrease in net sales was primarily attributed to $30.0 million of lower average selling prices due to lower commodity input costs[106]
Atkore (ATKR) - 2019 Q4 - Earnings Call Transcript
2019-11-22 14:42
Atkore International Group Inc. (NYSE:ATKR) Q4 2019 Earnings Conference Call November 22, 2019 8:00 AM ET Company Participants John Deitzer - VP, IR William E. Waltz - President & CEO David P. Johnson - CFO Conference Call Participants Andrew Kaplowitz - Citi Deepa Raghavan - Wells Fargo John Walsh - Credit Suisse Jeffrey Reive - RBC Capital Markets Operator Greetings, and welcome to the Atkore International Fourth Quarter 2019 Earnings Conference Call. At this time all participants will be in a listen-only ...
Atkore (ATKR) - 2019 Q4 - Annual Report
2019-11-22 00:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________ FORM 10-K _________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-37793 _________________________________________ Atkore International Group Inc. (Exact name o ...
Atkore (ATKR) - 2019 Q3 - Quarterly Report
2019-08-06 22:14
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 28, 2019 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 (ATKR) - 2019 Q2 - Quarterly Report
2019-05-07 00:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________ FORM 10-Q _________________________________________ _____________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2019 OR o 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 ____________________________ ...