ATKR INVESTOR ALERT: Atkore Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit

Core Viewpoint - The Atkore class action lawsuit alleges that Atkore Inc. and certain executives violated the Securities Exchange Act of 1934 through misleading statements and anticompetitive practices related to PVC pipe pricing [1][4]. Company Overview - Atkore Inc. is engaged in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions [3]. Allegations - The lawsuit claims that Atkore participated in a price-fixing scheme that artificially inflated PVC pipe prices, leading to unsustainable financial gains [4]. - As the price-fixing scheme was revealed, Atkore could no longer maintain inflated prices, resulting in a significant drop in PVC pipe prices and negatively impacting its business operations [4]. Financial Performance - On February 4, 2025, Atkore reported first-quarter fiscal year 2025 net sales of $661.6 million, a 17$680.7 million [5]. - The company revised its fiscal year 2025 guidance, projecting adjusted EPS of $5.75 to$6.85 and adjusted EBITDA of $375 million to$425 million, which is a substantial reduction from previous guidance of $7.80 to$8.90 and $475 million to$525 million, respectively [5]. - Following the announcement of these results, Atkore's stock price dropped nearly 20% [5].