Atkore (US:ATKR)2025-05-05 22:19Financial Performance - Estimated net sales for Q2 2025 are approximately $695 million to $705 million, reflecting mid-single digit volume growth[6] - Q2 2025 estimated net loss is approximately $(77) million to $(41) million, with an adjusted EBITDA of approximately $115 million to $118 million[6] - Adjusted net income per diluted share is estimated to be approximately $2.01 to $2.08[6] - The company maintains its full-year fiscal 2025 outlook, projecting net sales of approximately $2,850 million to $2,950 million[14] - Adjusted EBITDA for the full year is projected to be approximately $375 million to $425 million[14] - The company reported a net loss of $76,726,000 for the three months ended March 28, 2025, compared to a net loss of $41,287,000 in the same period last year[27] - Adjusted net income per diluted share was $2.01, slightly down from $2.08 in the same quarter last year[27] - The company reported an adjusted net income of $68,758,000, down from $71,399,000 year-over-year[27] - The net loss per diluted share was $(2.24), compared to $(1.20) in the same quarter last year[27] Impairment and Charges - The company expects a pre-tax non-cash impairment charge of approximately $121 million to $162 million related to HDPE assets[5] - The impairment charge was triggered by emerging competing technology and adverse market conditions affecting public spending[4] - Impairment of assets amounted to $161,635,000, up from $120,604,000 in the previous year[27] - Pre-tax adjustments to net income were $188,718,000, compared to $144,987,000 in the previous year[27] - The tax effect on pre-tax adjustments was a reduction of $47,180,000, compared to $36,247,000 last year[27] Labor and Operations - A new 5-year labor contract has been ratified for the Harvey, IL facility, retroactive to April 2024[8] - The company sources and manufactures most products in the U.S., with a focus on domestic customers[4] Corporate Events - The company will release its Q2 earnings on May 6, 2025, and hold a conference call at 8:00 a.m. ET[9] Stock and Compensation - Stock-based compensation increased to $7,713,000 from $5,013,000 year-over-year[27] - The diluted weighted average common shares outstanding decreased to 34,288,000 from 37,166,000 year-over-year[27] - The company incurred a loss on the sale of business totaling $6,101,000, with no comparable loss in the prior year[27]