Shareholder Alert: Robbins LLP Informs Investors of Atkore Inc. Class Action

Core Viewpoint - A class action lawsuit has been filed against Atkore Inc. for allegedly misleading investors regarding its anticompetitive conduct, specifically related to a price-fixing scheme that inflated PVC pipe prices [1][2]. Group 1: Allegations - Atkore is accused of engaging in a price-fixing scheme that artificially inflated the price of PVC pipes [2]. - The company reportedly gained significant and unsustainable financial benefits from this anticompetitive behavior [2]. - As the price-fixing scheme was revealed, Atkore and its co-conspirators could no longer maintain inflated prices, leading to a substantial decrease in PVC pipe prices, which negatively impacted Atkore's business operations [2]. Group 2: Financial Impact - On February 4, 2025, Atkore announced its Q1 fiscal year 2025 financial results, reporting net sales of $661.6 million, which fell short of analysts' expectations of$680.7 million [3]. - The company also significantly lowered its adjusted earnings per share (EPS) and adjusted EBITDA guidance for the remainder of fiscal year 2025, missing analysts' estimates [3]. Group 3: Stock Market Reaction - Following the announcement of disappointing financial results, Atkore's stock price dropped by $15.59 per share, nearly 20$79.72 on February 3, 2025, to $64.13 on February 4, 2025 [4].