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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Atkore Inc of Class Action Lawsuit and Upcoming Deadlines - ATKR
ATKRAtkore (ATKR) Prnewswire·2025-03-03 17:50

Core Points - A class action lawsuit has been filed against Atkore Inc for alleged securities fraud and unlawful business practices [2][3] - Atkore reported net sales of 661.6millionforQ1fiscalyear2025,whichwasbelowanalystsexpectationsof661.6 million for Q1 fiscal year 2025, which was below analysts' expectations of 680.7 million [3] - The company significantly reduced its adjusted EPS and EBITDA guidance for the remainder of fiscal year 2025, missing analysts' estimates [3] - Atkore's CFO disclosed a decline in the plastic pipe and conduit product category, attributing 75millionoftheguidancereductiontopoorperformanceinthePVCbusiness[3]Followingtheannouncement,Atkoresstockpricedroppedby75 million of the guidance reduction to poor performance in the PVC business [3] - Following the announcement, Atkore's stock price dropped by 15.19 per share, or 19.15%, closing at $64.13 per share [3]