Atkore (US:ATKR)2025-11-19 23:48Financial 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]