ASIA-PACIFIC excl. Japan | Industrials Equity Research Alpha Signals in China's Fragile Recovery China's manufacturing is undergoing a complex transition shaped by domestic consumption shifts, global trade dynamics, and technology innovation. We summarize our insights from recent field research across the YRD region, by answering the questions on recent demand momentum domestically and globally, as well as the alpha opportunities we've seen from differentiation, globalization, import substitution and new ec ...

Core Viewpoint - Kaskela Law LLC is investigating potential breach of fiduciary duty claims against Atkore Inc. on behalf of long-term shareholders due to allegations of securities fraud and anticompetitive behavior [1][2]. Summary by Relevant Sections Allegations of Misconduct - A securities fraud complaint has been filed against Atkore, claiming that during the Class Period (February 1, 2024, to February 3, 2025), the company and its executives made materially false statements and failed to disclose an anticompetitive price-fixing scheme that inflated PVC pipe prices [2][3]. - The complaint alleges that Atkore benefited financially from this scheme, which became unsustainable once exposed, leading to a significant drop in PVC pipe prices [3]. Financial Impact - On February 4, 2025, Atkore announced its Q1 fiscal year 2025 results, reporting net sales of $661.6 million, which fell short of analysts' expectations of $680.7 million [4]. - The company also reduced its adjusted EPS and EBITDA guidance for the remainder of fiscal year 2025, attributing a significant portion of the guidance reduction (approximately $75 million or 3/4) to poor performance in its PVC business [4]. - Following this announcement, Atkore's stock price dropped by $15.59, nearly 20%, closing at $64.13 per share on unusually high trading volume [4]. Investigation Details - The investigation aims to determine if Atkore's board of directors violated securities laws or breached fiduciary duties related to the alleged misconduct [5]. - Current shareholders who have held Atkore shares since at least February 1, 2024, are encouraged to contact Kaskela Law LLC for more information regarding their legal rights and options [5].

Otter Tail (OTTR) Q1 2025 Earnings Call May 06, 2025 11:00 AM ET Company Participants Tyler Nelson - VP - Finance & TresaurerCharles MacFarlane - President and CEOTodd Wahlund - VP & CFO Conference Call Participants Sophie Karp - Managing Director & Equity Research Analyst Operator Good morning, and welcome to Otter Tail Corporation's First Quarter twenty twenty five Earnings Conference Call. Today's call is being recorded. We will hold a question and answer session after the prepared remarks. I will now tu ...

Otter Tail (OTTR) Q1 2025 Earnings Call May 06, 2025 11:00 AM ET Company Participants Tyler Nelson - VP - Finance & TresaurerCharles MacFarlane - President and CEOTodd Wahlund - VP & CFO Conference Call Participants Sophie Karp - Managing Director & Equity Research Analyst Operator Good morning, and welcome to Otter Tail Corporation's First Quarter twenty twenty five Earnings Conference Call. Today's call is being recorded. We will hold a question and answer session after the prepared remarks. I will now tu ...

Otter Tail (OTTR) Q1 2025 Earnings Call May 06, 2025 11:00 AM ET Speaker0 Good morning, and welcome to Otter Tail Corporation's First Quarter twenty twenty five Earnings Conference Call. Today's call is being recorded. We will hold a question and answer session after the prepared remarks. I will now turn the call over to the company for their opening comments. Speaker1 Good morning, and welcome to our first quarter earnings conference call. My name is Tyler Nelson. I'm Otter Tail Corporation's Vice Presiden ...

Earnings Conference Call Q1 2025 Safe Harbor 1 Strategic diversification for growth over long- term cycles 2 Internally financed investment: Growth without equity needs 3 Long-term EPS growth rate: 6-8% 4 Uninterrupted dividend for 86 years, part of 9-11% TSR target 5 Utility industry leading ROE and TSR track record 6 Targeted earnings mix: 65% Electric / 35% Manufacturing Investment Thesis Founded in 1907 Serve approximately 134,000 customers in MN, ND, SD Diverse end-markets High utilization of asset bas ...

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Atkore Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors [1] Group 1: Allegations and Impact - The class action alleges that during the class period, Atkore made materially false and misleading statements and failed to disclose adverse facts about its business and operations [2] - Specific allegations include Atkore's engagement in an anticompetitive price-fixing scheme that artificially inflated the price of PVC pipes, leading to unsustainable financial benefits [2] - As the price-fixing scheme was exposed, Atkore could no longer maintain inflated prices, resulting in a significant decrease in PVC pipe prices and negative impacts on its business and operations [2] Group 2: Legal Representation and Contact - Long-term stockholders of Atkore are encouraged to contact Bragar Eagel & Squire, P.C. for more information regarding the claims and their rights [3] - The law firm specializes in representing individual and institutional investors in complex litigation across state and federal courts [4]

Core Viewpoint - A lawsuit has been filed against Atkore Inc. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about PVC Pipe pricing and an alleged price-fixing scheme [1][2][5]. Company Overview - Atkore Inc. manufactures electrical, safety, and infrastructure products, including PVC Pipe [3]. Legal Proceedings - The lawsuit is pending in the U.S. District Court for the Northern District of Illinois, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until April 23, 2025, to seek appointment to lead the case [2]. Allegations - Atkore is accused of misrepresenting the reasons for post-pandemic PVC Pipe price declines, attributing them to "pricing normalization" and "competitive dynamics" [4]. - An activist investor report alleged that Atkore engaged in an anticompetitive price-fixing scheme that artificially inflated PVC Pipe prices [5]. Financial Impact - On February 4, 2025, Atkore announced disappointing earnings, revealing a mid-single-digit decline in the plastic pipe and conduit product category, largely attributed to its PVC Pipe business, which accounted for approximately $75 million of the guidance reduction [6]. - Following this announcement, Atkore's stock price fell nearly 20%, from $79.72 per share to $64.13 per share [6]. Regulatory Scrutiny - On February 14, 2025, Atkore disclosed receiving a grand jury subpoena from the U.S. Department of Justice Antitrust Division regarding the pricing of its PVC pipe and conduit products [7].

Core Viewpoint - Atkore Inc. is facing a class action securities lawsuit due to alleged securities fraud related to an anticompetitive price-fixing scheme involving PVC Pipes, which has negatively impacted the company's financial performance and operations [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for investors affected by alleged securities fraud between August 2, 2022, and February 3, 2025 [1]. - The complaint alleges that Atkore engaged in a price-fixing scheme that artificially inflated PVC Pipe prices, leading to unsustainable financial benefits for the company [2]. - As the price-fixing scheme was exposed, the price of PVC Pipes significantly decreased, adversely affecting Atkore's business and operations [2]. Group 2: Investor Participation - Investors who suffered losses during the relevant timeframe have until April 23, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - A lawsuit has been filed against Atkore Inc. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about PVC Pipe pricing and an alleged price-fixing scheme [1][2][5]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of Illinois, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until April 23, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Atkore manufactures electrical, safety, and infrastructure products, including PVC Pipe [3]. - During the COVID-19 pandemic, shipping costs increased, impacting foreign PVC Pipe manufacturers' ability to sell profitably in the U.S. [3]. Group 3: Allegations Against Atkore - Atkore allegedly misrepresented that post-pandemic PVC Pipe price declines were due to "pricing normalization" and "competitive dynamics" [4]. - An activist investor report accused Atkore of engaging in an anticompetitive price-fixing scheme that artificially inflated PVC Pipe prices [5]. Group 4: Stock Performance and Impact - On February 4, 2025, Atkore announced disappointing earnings, revealing a decline in the plastic pipe and conduit product category, which led to a nearly 20% drop in stock price from $79.72 to $64.13 per share [6]. - Following the earnings announcement, Atkore received a grand jury subpoena from the U.S. Department of Justice Antitrust Division regarding the pricing of its PVC products [7].