Announcement • Jul 16
Atkore Inc. to Report Q3, 2026 Results on Aug 04, 2026 Atkore Inc. announced that they will report Q3, 2026 results Pre-Market on Aug 04, 2026 Announcement • Jun 04
Atkore Inc. Announces Settlement Agreement with End User Plaintiffs in Class Action Litigation Atkore Inc. had multiple putative class action lawsuits filed in 2024 and 2025 against Atkore Inc. and one or more of its subsidiaries (together, the "Company") and several other manufacturers of extruded PVC pipe and conduit products. In September 2024, those cases were centralized in the U.S. District Court for the Northern District of Illinois (the "Court") in a case captioned In re PVC Pipe Antitrust Litigation (the "Class Action Litigation"). On April 28, 2026, the Company entered into settlement agreements with two of the three putative classes in the Class Action Litigation. On June 3, 2026 the Company entered into a settlement agreement (the "Settlement Agreement") with the third putative class in the Class Action Litigation the End User Plaintiffs ("End User Plaintiffs"), individually and on behalf of the putative End User Plaintiff class members. The Settlement Agreement remains subject to preliminary and final approval by the Court. Under the Settlement Agreement, the Company has agreed to pay an aggregate of $50 million into a settlement fund to settle all claims asserted, or that could have been asserted, by the End User Plaintiffs against the Company, relating to the alleged conduct at issue in the Class Action Litigation. If the Settlement Agreement is preliminarily approved by the Court, the settlement payment will be made on or about 21 days thereafter. The settlement amount is inclusive of the recovery amount for class members, any fees for the End User Plaintiffs' counsel, and the costs of administering the settlement. If approved, the settlement class members will release all potential antitrust claims related to the allegations against the Company, including any parens patriae claims that might otherwise be brought on their behalf. The End User Plaintiffs have agreed to file their motion seeking preliminary approval of the Settlement Agreement as soon as practicable. The settlement for the End User Plaintiffs will be reflected as a non-operating expense in the quarter ending June 26, 2026. The Company anticipates utilizing available cash on-hand to fund the settlement payment. This settlement is not expected to have a material adverse effect on the Company's liquidity or leverage metrics (i.e., gross debt to Adjusted EBITDA and net debt to Adjusted EBITDA). The execution of the Settlement Agreement does not constitute an admission by the Company of any fault or liability, and the Company does not admit fault or liability. The claims asserted in the Class Action Litigation are directed at a number of participants across the industry, including several other manufacturers of PVC pipe and conduit, and are premised on alleged coordinated conduct within the industry. The Company believes resolving this matter now is in the best interests of the Company and will allow it to avoid the costs and distraction of protracted litigation with the End User Plaintiffs and maintain focus on executing its business objectives. The Company also believes the settlement reduces meaningful legal uncertainty and risk associated with complex antitrust litigation, including potential exposure under joint and several liability principles. There can be no assurance as to the ultimate outcome of the Class Action Litigation with respect to the Company, including no assurance that the Settlement Agreement will be approved by the Court or that any revised settlement terms, if applicable, will be finalized by the parties and approved by the Court. If the Settlement Agreement is not approved by the Court or it otherwise does not become final and non-appealable, the Company plans to vigorously defend itself. The Company believes there are defenses, both factual and legal, to the allegations against it. Further, there can be no assurances that the Company will seek to reach or conclude settlement(s) with respect to any other pending litigation or governmental investigations, or that additional investigations, litigation or regulatory proceedings will not be initiated in the future. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Frank Edmonds was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 02
Atkore Inc. announces Quarterly dividend, payable on May 29, 2026 Atkore Inc. announced Quarterly dividend of USD 0.3300 per share payable on May 29, 2026, ex-date on May 19, 2026 and record date on May 19, 2026. Announcement • Apr 15
Atkore Inc. to Report Q2, 2026 Results on May 05, 2026 Atkore Inc. announced that they will report Q2, 2026 results Pre-Market on May 05, 2026 Announcement • Jan 29
Atkore Inc. Declares Quarterly Cash Dividend, Payable on February 27, 2026 The Board of Directors of Atkore Inc. declared a quarterly cash dividend of $0.33 per share of common stock payable on February 27, 2026, to stockholders of record on February 17, 2026. Announcement • Jan 13
Atkore Inc. to Report Q1, 2026 Results on Feb 03, 2026 Atkore Inc. announced that they will report Q1, 2026 results Pre-Market on Feb 03, 2026 Announcement • Dec 15
Atkore Inc., Annual General Meeting, Jan 29, 2026 Atkore Inc., Annual General Meeting, Jan 29, 2026. Location: waldorf astoria chicago, 11 e walton street, illinois 60611, chicago United States Announcement • Nov 19
Atkore Inc. Declares Quarterly Dividend, Payable on December 17, 2025 The Board of Directors of Atkore Inc. declared a quarterly cash dividend of $0.33 per share of common stock payable on December 17, 2025, to stockholders of record on December 5, 2025. Announcement • Oct 23
Atkore Inc. to Report Q4, 2025 Results on Nov 20, 2025 Atkore Inc. announced that they will report Q4, 2025 results Pre-Market on Nov 20, 2025 Announcement • Jul 31
Atkore Inc. Declares Quarterly Cash Dividend, Payable on August 29, 2025 The Board of Directors of Atkore Inc. declared a quarterly cash dividend of $0.33 per share of common stock payable on August 29, 2025, to stockholders of record on August 19, 2025. Announcement • Jul 15
Atkore Inc. to Report Q3, 2025 Results on Aug 05, 2025 Atkore Inc. announced that they will report Q3, 2025 results Pre-Market on Aug 05, 2025 Announcement • May 01
Atkore Inc. Declares Increased Quarterly Cash Dividend, Payable on May 28, 2025 The Board of Directors of Atkore Inc. approved an increase in the Company’s quarterly cash dividend from $0.32 to $0.33 per share of common stock. The dividend increase will be effective for quarterly dividends payable on May 28, 2025, to stockholders of record on May 16, 2025. Announcement • Apr 22
Atkore Inc. to Report Q2, 2025 Results on May 06, 2025 Atkore Inc. announced that they will report Q2, 2025 results Pre-Market on May 06, 2025 Announcement • Feb 27
Atkore Inc. Faces Class Action Suit over Potential Improper Revenues Recorded Pursuant to Anticompetitive Conduct A class action lawsuit has been filed against Atkore Inc. The suit, captioned Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefits Fund v. Atkore Inc., et al., No. 1:25-cv-01851 (N.D. Ill.), represents investors who purchased or acquired Atkore common stock between February 1, 2024 and February 3, 2025. Hagens Berman is investigating the alleged claims and urges investors who purchased Atkore shares and suffered substantial losses to submit your losses now. In the recent past, Atkore has said that “[t]he principle markets that we serve are highly competitive[]” and that its internal control over financial reporting has been sufficient to “provide reasonable assurance regarding the preparation of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. The company has recently downplayed accusations of having engaged in anticompetitive misconduct related to its PVC water pipe and PVC conduit pricing since approximately 2021, related to pricing of PVC pipes sold in the United States and, more specifically, downplayed that “PVC pipe manufacturers improperly shared otherwise confidential information through their contribution of information through their contribution of information to; and readership of, a weekly report called ‘PVC & Pipe Weekly’ published by […] Oil Pipe Information Service, LLP (‘OPIS’).” While the company has maintained that “there are defenses, both factual and legal” the complaint in the suit alleges otherwise. The complaint alleges that Atkore made false and misleading statements, while failing to disclose crucial information. Specifically, the suit contends that Atkore: (1) engaged in an anticompetitive price-fixing scheme that artificially inflated the price of its PVC pipes; (2) reaped significant, unsustainable financial benefits from its anticompetitive conduct; (3) as the price-fixing scheme was exposed, it and its co-conspirators were no longer able to artificially inflate the price of PVC pipes, resulting in a substantial decrease in the price of PVC pipes; and (4) its business and operations were negatively impacted. Investors began to learn the truth on July 24, 2024, when the short seller firm ManBear published a report accusing Atkore and three other PVC pipe manufacturers of using the commodity pricing service OPIS to coordinate pricing actions, thereby fixing PVC pipe prices and “result[ing] in massively inflated” PVC pipe prices that “defy economic logic. Announcement • Feb 19
The AZEK Company Inc. (NYSE:AZEK) acquired Northwest Polymers,LLC from Atkore Inc. (NYSE:ATKR). The AZEK Company Inc. (NYSE:AZEK) acquired Northwest Polymers,LLC from Atkore Inc. (NYSE:ATKR) recently. Announcement • Feb 15
Atkore Inc. Receives from the U.S. Department of Justice Antitrust Division A Grand Jury Subpoena Issued by the U.S. District Court for the Northern District of California Atkore Inc. on February 13, 2025, the company received from the U.S. Department of Justice (“DOJ”) Antitrust Division a grand jury subpoena issued by the U.S. District Court for the Northern District of California. The subpoena calls for production of documents relating to the pricing of the Company’s PVC pipe and conduit products. The Company intends to comply with its obligations under the subpoena. Announcement • Jan 31
Atkore Inc. Declares Quarterly Dividend, Payable on February 28, 2025 The Board of Directors of Atkore Inc. declared a quarterly cash dividend of $0.32 per share of common stock payable on February 28, 2025, to stockholders of record on February 18, 2025. Announcement • Jan 14
Atkore Inc. to Report Q1, 2025 Results on Feb 04, 2025 Atkore Inc. announced that they will report Q1, 2025 results Pre-Market on Feb 04, 2025 Announcement • Jan 11
Atkore Inc. Names John W. Pregenzer as Chief Operating Officer Atkore Inc. announced that John W. Pregenzer is named Chief Operating Officer in addition to his current role as President-Electrical. Mr. Pregenzer will continue reporting directly to Bill Waltz, Atkore President and Chief Executive Officer. Mr. Pregenzer joined the Company in July 2015. Since 2020, he has served as President – Electrical, a position he will continue to hold. Prior to that, Mr. Pregenzer held positions within the Company as President for the Conduit & Fittings business unit and Vice President and General Manager of the Plastic Pipe and Conduit strategic business unit. Before Atkore, Mr. Pregenzer spent the majority of his career in executive sales, marketing, and operations positions with Georg Fischer AG, a Swiss based industrial products manufacturer. During his tenure, Mr. Pregenzer held positions including President and Managing Director for Georg Fischer Piping Systems LLC and Georg Fischer Sloane Inc., in addition to others of progressing responsibility. Mr. Pregenzer earned a Master of Business Administration from the University of Southern California, Marshall School of Business and a Bachelors of Accountancy from the University of San Diego. He also received a Certificate in Strategic Management from IMD Business School in Switzerland. Announcement • Dec 04
Atkore Inc., Annual General Meeting, Jan 30, 2025 Atkore Inc., Annual General Meeting, Jan 30, 2025. Location: hilton atlanta marietta, 500 powder springs st., marietta, ga 30064, United States Announcement • Nov 21
Atkore Inc. Provides Earnings Guidance for the Full Year 2025 Atkore Inc. provided earnings guidance for the full year 2025. For the Full-year 2025, the company Net sales expected to be in the range of $2.9 billion to $3.2 billion. Announcement • Nov 19
Atkore Inc. Declares Quarterly Cash Dividend, Payable on December 16, 2024 The board of directors of Atkore Inc. 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. Announcement • Nov 14
New York’s Erie County Water Authority Files an Antitrust Lawsuit Against Atkore, Diamond Plastics, JM Eagle, National Pipe and Plastics, Otter Tail, IPEX and Westlake Corporation New York’s Erie County Water Authority has filed an antitrust lawsuit against several major U.S. PVC pipe manufacturers, alleging those manufacturers colluded to create an illegal price-fixing scheme that artificially raised the price of PVC pipes widely used in public water systems and municipal wastewater collection and treatment across the country. The law firms FeganScott and Douglas & London PC filed the lawsuit on behalf of Erie County Water Authority, claiming that seven companies – which control 90% of the PVC market – used an industry information exchange platform to communicate about and coordinate the price for PVC pipes. The 53-page complaint names Atkore, Diamond Plastics, JM Eagle, National Pipe and Plastics, Otter Tail, IPEX, and Westlake Corporation. It also names Opis, the information exchange platform the suppliers used in the alleged scheme. Opis is owned by Dow Jones. The complaint, filed in the U.S. District Court for the Northern District of Illinois, claims that over a two-to-three-year span, the companies’ scheme artificially raised the price of municipal PVC water pipes for public water systems nationwide by as much as 500%. According to Elizabeth Fegan, managing partner of FeganScott and one of the attorneys leading the suit, the defendants’ use of the Opis data allowed them to set a price floor for their products, strangling the chance for competition to correctly set the price. Fegan noted that this is not the first time Opis has been involved in antitrust litigation. According to the suit, Opis was the subject of a 2020 lawsuit brought by the California Attorney General and two energy companies for illegally driving up regular and premium gasoline prices. That case was settled in 2024 for $50 million. The lawsuit seeks to represent local public water systems and municipal wastewater collection and treatment authorities nationwide that purchased PVC pipes manufactured by the defendants. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €94.34, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electrical industry in Germany. Total returns to shareholders of 8.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €96.21 per share. Announcement • Oct 24
Atkore Inc. to Report Q4, 2024 Results on Nov 21, 2024 Atkore Inc. announced that they will report Q4, 2024 results Pre-Market on Nov 21, 2024 Upcoming Dividend • Aug 13
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 20 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 4.4% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (1.9%). Reported Earnings • Aug 07
Third quarter 2024 earnings released: EPS: US$3.36 (vs US$5.20 in 3Q 2023) Third quarter 2024 results: EPS: US$3.36 (down from US$5.20 in 3Q 2023). Revenue: US$822.4m (down 11% from 3Q 2023). Net income: US$121.9m (down 39% from 3Q 2023). Profit margin: 15% (down from 22% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Electrical industry in Germany are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €94.22, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 18x in the Electrical industry in Germany. Total returns to shareholders of 29% over the past three years. Announcement • Aug 01
Atkore Inc. Declares Quarterly Dividend, Payable on August 30, 2024 The Board of Directors of Atkore Inc. 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. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €138, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Electrical industry in Germany. Total returns to shareholders of 133% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €221 per share. Announcement • Jul 16
Atkore Inc. to Report Q3, 2024 Results on Aug 06, 2024 Atkore Inc. announced that they will report Q3, 2024 results Pre-Market on Aug 06, 2024 Upcoming Dividend • May 13
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 2.0% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.7%). New Risk • May 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (€11m sold). Reported Earnings • May 07
Second quarter 2024 earnings released: EPS: US$3.71 (vs US$4.37 in 2Q 2023) Second quarter 2024 results: EPS: US$3.71 (down from US$4.37 in 2Q 2023). Revenue: US$792.9m (down 12% from 2Q 2023). Net income: US$138.0m (down 20% from 2Q 2023). Profit margin: 17% (down from 19% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 03
Atkore Inc. Declares Quarterly Cash Dividend, Payable on May 31, 2024 The Board of Directors of Atkore Inc. 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. Buy Or Sell Opportunity • Apr 25
Now 20% undervalued Over the last 90 days, the stock has risen 18% to €165. The fair value is estimated to be €206, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 2.7% in a year. Earnings are forecast to decline by 8.6% in the next year. Announcement • Apr 16
Atkore Inc. to Report Q2, 2024 Results on May 07, 2024 Atkore Inc. announced that they will report Q2, 2024 results Pre-Market on May 07, 2024 Recent Insider Transactions • Mar 15
Chief Human Resources Officer recently sold €1.1m worth of stock On the 14th of March, LeAngela D. Lowe sold around 7k shares on-market at roughly €162 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €6.4m. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €155, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Electrical industry in Germany. Total returns to shareholders of 172% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €206 per share. Recent Insider Transactions • Feb 27
President of Electrical recently sold €957k worth of stock On the 26th of February, John Pregenzer sold around 7k shares on-market at roughly €146 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.7m more than they bought in the last 12 months. Reported Earnings • Feb 02
First quarter 2024 earnings released: EPS: US$3.66 (vs US$4.26 in 1Q 2023) First quarter 2024 results: EPS: US$3.66 (down from US$4.26 in 1Q 2023). Revenue: US$798.5m (down 4.2% from 1Q 2023). Net income: US$138.4m (down 19% from 1Q 2023). Profit margin: 17% (down from 21% in 1Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 31
Atkore Inc. Initiates Quarterly Dividend, Payable on March 15, 2024 The Board of Directors of Atkore Inc. declared a quarterly cash dividend of $0.32 per share of common stock payable on March 15, 2024, to stockholders of record on February 27, 2024. Announcement • Jan 10
Atkore Inc. to Report Q1, 2024 Results on Feb 01, 2024 Atkore Inc. announced that they will report Q1, 2024 results at 9:30 AM, US Eastern Standard Time on Feb 01, 2024 Board Change • Dec 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director B. Edwards was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 19
Full year 2023 earnings released: EPS: US$17.51 (vs US$20.56 in FY 2022) Full year 2023 results: EPS: US$17.51 (down from US$20.56 in FY 2022). Revenue: US$3.52b (down 10% from FY 2022). Net income: US$679.3m (down 24% from FY 2022). Profit margin: 19% (down from 23% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 18
Atkore Inc. Provides Earnings Guidance for the Year 2024 Atkore Inc. provided earnings guidance for the year 2024. Full-year 2024 net sales expected to be in the range of $3.50 billion to $3.65 billion. Announcement • Oct 20
Atkore Inc. to Report Fiscal Year 2023 Results on Nov 17, 2023 Atkore Inc. announced that they will report fiscal year 2023 results Pre-Market on Nov 17, 2023 New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 20% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 09
Third quarter 2023 earnings released: EPS: US$5.20 (vs US$5.81 in 3Q 2022) Third quarter 2023 results: EPS: US$5.20 (down from US$5.81 in 3Q 2022). Revenue: US$919.1m (down 13% from 3Q 2022). Net income: US$198.2m (down 21% from 3Q 2022). Profit margin: 22% (down from 24% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 8.3% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 21
Atkore Inc. to Report Q3, 2023 Results on Aug 08, 2023 Atkore Inc. announced that they will report Q3, 2023 results Pre-Market on Aug 08, 2023 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €127, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Electrical industry in Europe. Total returns to shareholders of 405% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €169 per share. Recent Insider Transactions • May 26
Independent Director recently sold €83k worth of stock On the 24th of May, A. Zeffiro sold around 750 shares on-market at roughly €110 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €668k. Insiders have been net sellers, collectively disposing of €3.7m more than they bought in the last 12 months. Reported Earnings • May 09
Second quarter 2023 earnings released: EPS: US$4.37 (vs US$5.14 in 2Q 2022) Second quarter 2023 results: EPS: US$4.37 (down from US$5.14 in 2Q 2022). Revenue: US$895.9m (down 8.8% from 2Q 2022). Net income: US$174.2m (down 24% from 2Q 2022). Profit margin: 19% (down from 23% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 05
President of Electrical recently sold €668k worth of stock On the 1st of March, John Pregenzer sold around 5k shares on-market at roughly €141 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.7m more than they bought in the last 12 months. Recent Insider Transactions • Feb 09
Independent Director recently sold €528k worth of stock On the 3rd of February, Justin Kershaw sold around 4k shares on-market at roughly €128 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €8.4m more than they bought in the last 12 months. Reported Earnings • Feb 02
First quarter 2023 earnings released: EPS: US$4.26 (vs US$4.38 in 1Q 2022) First quarter 2023 results: EPS: US$4.26 (down from US$4.38 in 1Q 2022). Revenue: US$833.8m (flat on 1Q 2022). Net income: US$173.5m (down 14% from 1Q 2022). Profit margin: 21% (down from 24% in 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 8.9% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
Atkore Inc. Appoints B. Joanne Edwards to the Nominating & Governance Committee and the Human Resources & Compensation Committee On January 27, 2023, the Board of Atkore Inc., upon the recommendation of the Nominating and Governance Committee of the Board, named B. Joanne Edwards to the Nominating & Governance Committee and the Human Resources & Compensation Committee, effective February 1, 2023. Announcement • Jan 12
Atkore Inc. to Report Q1, 2023 Results on Feb 01, 2023 Atkore Inc. announced that they will report Q1, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 01, 2023 Announcement • Dec 14
Atkore Inc. Names Joanne (Barbara) Edwards as New Director, Effective February 1, 2023 Atkore Inc. announced that the Company’s Board of Directors (the “Board”) has appointed Ms. B. Joanne Edwards as a director, effective February 1, 2023. 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. Edwards will fill this vacancy on that date. With the appointment of Ms. Edwards, Atkore’s Board will consist of ten members, nine of whom are Prior to her retirement in 2017, Ms. Edwards worked for ten years for Eaton Corporation Plc, (“Eaton”), where she served as Senior Vice President & General Manager, Residential & Wiring Device Business. During her tenure, Ms. Edwards achieved 10% residential products CAGR over five years through the electrical distribution and retail channels; successful acquisition and integration of the copper wiring device business; silver operating award for exceeding safety, quality, delivery, cost, and inventory goals; and the development of Internet of Things (IoT) partnership and new products. She also won Eaton’s highest award, the Eaton Business System. Prior to Eaton, she served in various capacities with increasingly responsible roles with global diversified manufacturing companies, including Schneider Electric and Square D Company. Over the last two decades, she has also served on various for-profit and non-profit boards, notably foundations and councils that aim to help the underserved and underprivileged segments of the population. Currently, she serves on the boards of Standex International Corporation and Amsted Industries. Ms. Edwards holds a BBA in Business Management from Kent State University. Reported Earnings • Nov 19
Full year 2022 earnings released: EPS: US$20.56 (vs US$12.38 in FY 2021) Full year 2022 results: EPS: US$20.56 (up from US$12.38 in FY 2021). Revenue: US$3.91b (up 34% from FY 2021). Net income: US$899.0m (up 56% from FY 2021). Profit margin: 23% (up from 20% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 9.4% p.a. on average during the next 2 years, while revenues in the Electrical industry in Germany are expected to grow by 9.1%. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Announcement • Nov 19
Atkore Inc. Provides Earnings Guidance for the Full-Year 2023 Atkore Inc. provided earnings guidance for the Full-year 2023. For the year, the company expects Net sales to be flat to down approximately 10% compared to fiscal year 2022. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. President, CEO & Director Bill Waltz was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
Atkore Inc. (NYSE:ATKR) acquired Assets of Elite Polymer Solutions for approximately $92 million. Atkore Inc. (NYSE:ATKR) acquired Assets of Elite Polymer Solutions for approximately $92 million on November 8, 2022. Elite Polymer Solutions is headquartered in Lovelady, Texas, with approximately 55 employees. It will continue operating at its current location.
Atkore Inc. (NYSE:ATKR) completed the acquisition of Assets of Elite Polymer Solutions on November 8, 2022. Announcement • Oct 28
Atkore Inc. to Report Q4, 2022 Results on Nov 18, 2022 Atkore Inc. announced that they will report Q4, 2022 results Pre-Market on Nov 18, 2022 Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improved over the past week After last week's 16% share price gain to €88.74, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 21x in the Electrical industry in Germany. Total returns to shareholders of 220% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €167 per share. Announcement • Sep 01
Atkore Inc. (NYSE:ATKR) acquired Cascade Poly Pipe & Conduit and Northwest Polymers. Atkore Inc. (NYSE:ATKR) acquired Cascade Poly Pipe & Conduit and Northwest Polymers on August 30, 2022. With the addition of Cascade and Northwest Polymers Atkore Inc. has deployed more than $310 million dollars to complete six acquisitions in Fiscal Year 2022. With approximately 30 employees, Cascade will continue operations at its Woodburn, Oregon location, and with approximately 80 employees, Northwest Polymers will continue operations at its Molalla, Oregon, location.
Atkore Inc. (NYSE:ATKR) completed the acquisition of Cascade Poly Pipe & Conduit and Northwest Polymers on August 30, 2022. Reported Earnings • Aug 03
Third quarter 2022 earnings released: EPS: US$5.81 (vs US$3.69 in 3Q 2021) Third quarter 2022 results: EPS: US$5.81 (up from US$3.69 in 3Q 2021). Revenue: US$1.06b (up 24% from 3Q 2021). Net income: US$254.3m (up 48% from 3Q 2021). Profit margin: 24% (up from 20% in 3Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 5.5% compared to a 16% growth forecast for the industry in Germany. Announcement • Aug 03
Atkore Inc. Provides Sales Guidance for the Full Year of 2022 Atkore Inc. provided sales guidance for the full year of 2022. The company expects net sales to be up approximately 32% versus fiscal year 2021. Announcement • Jul 13
Atkore Inc. to Report Q3, 2022 Results on Aug 02, 2022 Atkore Inc. announced that they will report Q3, 2022 results Pre-Market on Aug 02, 2022 Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 15% share price gain to €89.14, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 23x in the Electrical industry in Germany. Total returns to shareholders of 56% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €155 per share. Announcement • Jun 23
Atkore Inc. (NYSE:ATKR) acquired United Poly Systems, LLC from Industrial Opportunity Partners III, L.P. managed by Industrial Opportunity Partners, LLC. Atkore Inc. (NYSE:ATKR) acquired United Poly Systems, LLC from Industrial Opportunity Partners III, L.P. managed by Industrial Opportunity Partners, LLC on June 21, 2022. Winston & Strawn LLP provided legal representation to IOP in connection with the sale transaction.
Atkore Inc. (NYSE:ATKR) completed the acquisition of United Poly Systems, LLC from Industrial Opportunity Partners III, L.P. managed by Industrial Opportunity Partners, LLC on June 21, 2022. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €93.28, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 25x in the Electrical industry in Germany. Total returns to shareholders of 329% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €165 per share. Recent Insider Transactions • Jun 08
President recently sold €2.2m worth of stock On the 6th of June, William Waltz sold around 20k shares on-market at roughly €111 per share. This was the largest sale by an insider in the last 3 months. William has been a seller over the last 12 months, reducing personal holdings by €9.8m. Announcement • May 20
Atkore Inc. (NYSE:ATKR) acquired Assets Of Talon Products, LLC. Atkore Inc. (NYSE:ATKR) acquired Assets Of Talon Products, LLC on May 19, 2022.
Atkore Inc. (NYSE:ATKR) completed the acquisition of Assets Of Talon Products, LLC on May 19, 2022. Recent Insider Transactions • May 07
Insider recently sold €91k worth of stock On the 6th of May, Mark Lamps sold around 845 shares on-market at roughly €107 per share. In the last 3 months, there was an even bigger sale from another insider worth €3.4m. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Announcement • May 05
Atkore Inc. Provides Financial Guidance for the Fiscal Year 2022 Atkore Inc. provided financial guidance for the fiscal year 2022. For the year, the company continues to expect net sales to be up approximately 25% to 30% versus fiscal year 2021. Reported Earnings • May 04
Second quarter 2022 earnings released: EPS: US$5.14 (vs US$2.62 in 2Q 2021) Second quarter 2022 results: EPS: US$5.14 (up from US$2.62 in 2Q 2021). Revenue: US$982.6m (up 54% from 2Q 2021). Net income: US$229.9m (up 88% from 2Q 2021). Profit margin: 23% (up from 19% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 8.8% compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. President, CEO & Director Bill Waltz was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 13
Atkore Inc. to Report Q2, 2022 Results on May 03, 2022 Atkore Inc. announced that they will report Q2, 2022 results Pre-Market on May 03, 2022 Buying Opportunity • Mar 24
Now 20% undervalued Over the last 90 days, the stock is up 4.3%. The fair value is estimated to be US$121, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% per annum over the last 3 years. Earnings per share has grown by 65% per annum over the last 3 years. Recent Insider Transactions • Mar 05
Insider recently sold €332k worth of stock On the 28th of February, Daniel Kelly sold around 4k shares on-market at roughly €91.74 per share. In the last 3 months, there was an even bigger sale from another insider worth €3.4m. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months.