Atkore Inc. manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally. The company offers electrical raceway products, including electrical conduits and fittings, armored cables and fittings, and cable trays and mounting systems and fittings. It also provides MP&S products comprising metal framing and fittings, mechanical pipes, and barbed tapes, as well as construction services related to design, fabrication and installation, modular support structures, and fall protection. The company offers its products under the Allied Tube & Conduit, AFC Cable Systems, Heritage Plastics, Unistrut, Power-Strut, Cope, and Calpipe brands, as well as other sub-brands. It serves a group of end markets, including new construction; maintenance, repair, and remodel, as well as infrastructure; diversified industrials; alternative power generation; healthcare; data centers; and government through electrical, industrial, and mechanical contractors, as well as original equipment manufacturers. The company was formerly known as Atkore International Group Inc. and changed its name to Atkore Inc. in February 2021. Atkore Inc. was founded in 1959 and is headquartered in Harvey, Illinois.
IPO Year: 2016
Exchange: NYSE
Website: atkore.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/7/2024 | $175.00 → $100.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 7/10/2024 | $175.00 | Overweight | KeyBanc Capital Markets |
| 12/13/2022 | $146.00 | Buy | B. Riley Securities |
| 10/19/2022 | $110.00 | Buy | Loop Capital |
| 2/1/2022 | $129.00 → $139.00 | Outperform | RBC Capital |
| 11/19/2021 | $102.00 → $123.00 | Neutral | Citigroup |
| 11/19/2021 | $99.00 → $129.00 | Outperform | RBC Capital |
| 11/19/2021 | $107.00 → $121.00 | Outperform | Credit Suisse |
| 8/4/2021 | $86.00 → $98.00 | Outperform | RBC Capital |
| 8/4/2021 | $87.00 → $100.00 | Outperform | Credit Suisse |
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Atkore Inc. ("Atkore"), today announced that William (Bill) R. VanArsdale is retiring from the Atkore Board of Directors for personal reasons, effective Wednesday, December 28, 2022. Mr. VanArsdale joined the Atkore Board of Directors in 2015, and most recently served as Chair of the Human Resource & Compensation Committee, and as a member of the Nominating and Governance Committee and Executive Committee. Mr. Michael Schrock, Chairman of Atkore Board of Directors, said, "Bill has played an instrumental role in Atkore's transition from a privately held to a publicly traded company. His guidance over the past seven years helped drive Atkore's continued growth and strong financial performan
Atkore Inc. (the "Company") (NYSE:ATKR), a leading provider of electrical, safety and infrastructure solutions, today announced that the Company's Board of Directors (the "Board") has appointed Ms. B. Joanne Edwards as a director, effective February 1, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221213006093/en/B. Joanne Edwards (Photo: Business Wire) The appointment is in preparation for the Company's anticipated first director mandatory retirement scheduled to occur at the January 2024 annual meeting of stockholders. The Board recently approved the temporary expansion of the Board, effective February 1, 2023, and Ms. E
Fourth-Quarter Highlights Net sales decreased by $81.6 million versus prior year period to $788.3 million Net income decreased by $67.8 million versus prior year period to $73.1 million; Adjusted EBITDA decreased by $91.8 million versus prior year period to $140.2 million Net income per diluted share decreased to $2.02 from $3.63 in prior year period; Adjusted net income per diluted share decreased to $2.43 from $4.21 in prior year period Fiscal 2024 Highlights Net sales decreased $316.7 million versus prior year period to $3,202.1 million Net income decreased by $217.0 million versus prior year to $472.9 million; Adjusted EBITDA decreased to $771.7 million from $1,042.1 m
The Board of Directors of Atkore Inc. (the "Company") (NYSE:ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today declared a quarterly cash dividend of $0.32 per share of common stock payable on December 16, 2024, to stockholders of record on December 6, 2024. About Atkore Inc. Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications. With 5,600 employees and $3.5B in sales in fiscal year 2023, we deliver sustainable solutions to meet the growing demands of electrification and digital transformation. To learn more, p
Atkore Inc. (the "Company") (NYSE:ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that the Company will release its Fourth Quarter Fiscal Year 2024 results before the market opens on Thursday, November 21, 2024. The Company will hold a conference call to discuss the results at 8:00 a.m. (ET) that same day. Conference Call Information Dial In: 888-330-2446 (US & Canada) 240-789-2732 (International) Conf ID: 5592214 Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of t
Atkore Inc. (the "Company") (NYSE:ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that John Deitzer, Chief Financial Officer, is scheduled to attend the 2024 RBC Capital Markets Global Industrials Conference on Wednesday, September 25, 2024. To learn more about Atkore Inc. please visit the company's website at https://investors.atkore.com/. About Atkore Inc. Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications. With 5,600 employees and $3.5B in sales in fiscal year 2023, we deliver sustainable solu
Net sales of $822.4 million, down 10.5% versus prior year Net income per diluted share decreased by $1.80 versus prior year to $3.33; Adjusted net income per diluted share decreased by $1.92 versus prior year to $3.80 Net income decreased by $77.9 million versus prior year to $123.4 million; Adjusted EBITDA decreased by $64.1 million versus prior year to $206.1 million Full-year Adjusted EBITDA outlook adjusted to $772 - $782 million; Adjusted net income per diluted share outlook adjusted to $14.30 - $14.52 On July 31, 2024, Atkore's Board of Directors declared a quarterly cash dividend of $0.32 per share of common stock payable on August 30, 2024, to stockholders of record on
The Board of Directors of Atkore Inc. (the "Company") (NYSE:ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today declared a quarterly cash dividend of $0.32 per share of common stock payable on August 30, 2024, to stockholders of record on August 20, 2024. About Atkore Inc. Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications. With 5,600 employees and $3.5B in sales in fiscal year 2023, we deliver sustainable solutions to meet the growing demands of electrification and digital transformation. To learn more, plea
Atkore Inc. (the "Company") (NYSE:ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that David Johnson has submitted his resignation as Vice President, Chief Financial Officer and Chief Accounting Officer, effective close of business on August 9, 2024, to pursue a career opportunity outside of the electrical industry. The Company has appointed John Deitzer as its Vice President and Chief Financial Officer and James Alvey as its Chief Accounting Officer upon Mr. Johnson's departure. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/
Atkore Inc. (the "Company") (NYSE:ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that the Company will release its Third Quarter Fiscal Year 2024 results before the market opens on Tuesday, August 6, 2024. The Company will hold a conference call to discuss the results at 8:00 a.m. (ET) that same day. Conference Call Information Dial In: 888-330-2446 (Domestic) 240-789-2732 (International) Conf ID: 5592214 Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relat
Atkore Inc. (the "Company" or "Atkore") (NYSE:ATKR) today announced it has published Environmental Product Declarations (EPDs) for its Galvanized Steel, Stainless Steel, and PVC Conduit & Fittings portfolios. Verified by an independent third party, each EPD contains a product's life cycle assessment that measures its environmental impact, such as greenhouse gas emissions, energy use, water consumption, waste generation, and other factors. "Atkore has a long-standing commitment to sustainability in our own business practices," noted Bill Waltz, Atkore president and CEO. "Now, we're even more proud to be a leader in the electrical industry by providing these valuable EPDs to help customers
Net sales of $792.9 million, down 11.5% versus prior year Net income per diluted share decreased by $0.64 versus prior year to $3.67; Adjusted net income per diluted share decreased by $0.79 versus prior year to $4.08 Net income decreased by $36.2 million versus prior year to $138.0 million; Adjusted EBITDA decreased by $64.1 million versus prior year to $211.9 million Full-year Adjusted EBITDA outlook adjusted to $850 - $900 million; Adjusted net income per diluted share outlook adjusted to $16.00 - $17.00 On May 2, 2024, Atkore's Board of Directors declared a quarterly cash dividend of $0.32 per share of common stock payable on May 31, 2024, to stockholders of record on May 2
The Company has appointed James Alvey as its Chief Accounting Officer upon Johnson's departure.
Atkore's (NYSE:ATKR) short percent of float has fallen 8.24% since its last report. The company recently reported that it has 5.65 million shares sold short, which is 20.61% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.96 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
Shares of Atkore Inc (NYSE:ATKR)were climbing in early trading on Wednesday. With more than 90% of total sales generated from Electrical Infrastructure, the stock represents "a highly compelling opportunity within Electrification," according to KeyBanc Capital Markets. The Atkore Analyst: Jeffrey Hammond initiated coverage of Atkore with an Overweight rating and price target of $175. The Atkore Thesis: The stock is currently trading at a significant discount to peers, despite the company's strong growth and returns, Hammond said in the initiation note. Check out other analyst stock ratings. Atkore has generated more than 17% CAGR (compounded annual growth rate) from fiscal 202
Keybanc analyst Jeffrey Hammond initiates coverage on Atkore (NYSE:ATKR) with a Overweight rating and announces Price Target of $175.
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. American Woodmark Corporation (NASDAQ:AMWD) On May 23, American Woodmark posted downbeat quarterly earnings. “Our teams deliv
Atkore's (NYSE:ATKR) short percent of float has risen 5.74% since its last report. The company recently reported that it has 6.17 million shares sold short, which is 22.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.54 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
Citigroup analyst Andrew Kaplowitz maintains Atkore (NYSE:ATKR) with a Neutral and lowers the price target from $200 to $188.
Full-Year Outlook1 The Company is adjusting its estimate for fiscal year 2024 Adjusted EBITDA to be approximately $850 million to $900 million, and adjusting its estimate for Adjusted net income per diluted share to $16.00 - $17.00.
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RBC Capital Mkts downgraded Atkore International from Outperform to Sector Perform and set a new price target of $100.00 from $175.00 previously
KeyBanc Capital Markets initiated coverage of Atkore International with a rating of Overweight and set a new price target of $175.00
B. Riley Securities initiated coverage of Atkore International with a rating of Buy and set a new price target of $146.00
Loop Capital initiated coverage of Atkore International with a rating of Buy and set a new price target of $110.00
RBC Capital reiterated coverage of Atkore with a rating of Outperform and set a new price target of $139.00 from $129.00 previously
Citigroup reiterated coverage of Atkore with a rating of Neutral and set a new price target of $123.00 from $102.00 previously
RBC Capital reiterated coverage of Atkore with a rating of Outperform and set a new price target of $129.00 from $99.00 previously
Credit Suisse reiterated coverage of Atkore with a rating of Outperform and set a new price target of $121.00 from $107.00 previously
RBC Capital reiterated coverage of Atkore with a rating of Outperform and set a new price target of $98.00 from $86.00 previously
Credit Suisse reiterated coverage of Atkore with a rating of Outperform and set a new price target of $100.00 from $87.00 previously
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Fourth-Quarter Highlights Net sales decreased by $81.6 million versus prior year period to $788.3 million Net income decreased by $67.8 million versus prior year period to $73.1 million; Adjusted EBITDA decreased by $91.8 million versus prior year period to $140.2 million Net income per diluted share decreased to $2.02 from $3.63 in prior year period; Adjusted net income per diluted share decreased to $2.43 from $4.21 in prior year period Fiscal 2024 Highlights Net sales decreased $316.7 million versus prior year period to $3,202.1 million Net income decreased by $217.0 million versus prior year to $472.9 million; Adjusted EBITDA decreased to $771.7 million from $1,042.1 m
The Board of Directors of Atkore Inc. (the "Company") (NYSE:ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today declared a quarterly cash dividend of $0.32 per share of common stock payable on December 16, 2024, to stockholders of record on December 6, 2024. About Atkore Inc. Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications. With 5,600 employees and $3.5B in sales in fiscal year 2023, we deliver sustainable solutions to meet the growing demands of electrification and digital transformation. To learn more, p
Atkore Inc. (the "Company") (NYSE:ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that the Company will release its Fourth Quarter Fiscal Year 2024 results before the market opens on Thursday, November 21, 2024. The Company will hold a conference call to discuss the results at 8:00 a.m. (ET) that same day. Conference Call Information Dial In: 888-330-2446 (US & Canada) 240-789-2732 (International) Conf ID: 5592214 Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of t
Net sales of $822.4 million, down 10.5% versus prior year Net income per diluted share decreased by $1.80 versus prior year to $3.33; Adjusted net income per diluted share decreased by $1.92 versus prior year to $3.80 Net income decreased by $77.9 million versus prior year to $123.4 million; Adjusted EBITDA decreased by $64.1 million versus prior year to $206.1 million Full-year Adjusted EBITDA outlook adjusted to $772 - $782 million; Adjusted net income per diluted share outlook adjusted to $14.30 - $14.52 On July 31, 2024, Atkore's Board of Directors declared a quarterly cash dividend of $0.32 per share of common stock payable on August 30, 2024, to stockholders of record on
The Board of Directors of Atkore Inc. (the "Company") (NYSE:ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today declared a quarterly cash dividend of $0.32 per share of common stock payable on August 30, 2024, to stockholders of record on August 20, 2024. About Atkore Inc. Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications. With 5,600 employees and $3.5B in sales in fiscal year 2023, we deliver sustainable solutions to meet the growing demands of electrification and digital transformation. To learn more, plea
Atkore Inc. (the "Company") (NYSE:ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that David Johnson has submitted his resignation as Vice President, Chief Financial Officer and Chief Accounting Officer, effective close of business on August 9, 2024, to pursue a career opportunity outside of the electrical industry. The Company has appointed John Deitzer as its Vice President and Chief Financial Officer and James Alvey as its Chief Accounting Officer upon Mr. Johnson's departure. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/
Atkore Inc. (the "Company") (NYSE:ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that the Company will release its Third Quarter Fiscal Year 2024 results before the market opens on Tuesday, August 6, 2024. The Company will hold a conference call to discuss the results at 8:00 a.m. (ET) that same day. Conference Call Information Dial In: 888-330-2446 (Domestic) 240-789-2732 (International) Conf ID: 5592214 Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relat
Net sales of $792.9 million, down 11.5% versus prior year Net income per diluted share decreased by $0.64 versus prior year to $3.67; Adjusted net income per diluted share decreased by $0.79 versus prior year to $4.08 Net income decreased by $36.2 million versus prior year to $138.0 million; Adjusted EBITDA decreased by $64.1 million versus prior year to $211.9 million Full-year Adjusted EBITDA outlook adjusted to $850 - $900 million; Adjusted net income per diluted share outlook adjusted to $16.00 - $17.00 On May 2, 2024, Atkore's Board of Directors declared a quarterly cash dividend of $0.32 per share of common stock payable on May 31, 2024, to stockholders of record on May 2
The Board of Directors of Atkore Inc. (the "Company") (NYSE:ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today declared a quarterly cash dividend of $0.32 per share of common stock payable on May 31, 2024, to stockholders of record on May 21, 2024. About Atkore Inc. Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications. With 5,600 employees and $3.5B in sales in fiscal year 2023, we deliver sustainable solutions to meet the growing demands of electrification and digital transformation. To learn more, please vis
Atkore Inc. (the "Company") (NYSE:ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that the Company will release its Second Quarter Fiscal Year 2024 results before the market opens on Tuesday, May 7, 2024. The Company will hold a conference call to discuss the results at 8:00 a.m. (ET) that same day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.atkore.com/investors/events-and-presentations/default.aspx. The online replay will be available on the sam