Atkore Inc. Reports 11.5% Drop in Net Sales and $50.1 Million Net Loss; Adjusted EPS Falls to $2.04

Reuters
05/06
<a href="https://laohu8.com/S/ATKR">Atkore Inc.</a> Reports 11.5% Drop in Net Sales and $50.1 Million Net Loss; Adjusted EPS Falls to $2.04

Atkore Inc. announced its second quarter 2025 financial results, reporting net sales of $701.7 million, a decrease of 11.5% compared to the previous year. The Electrical segment experienced a net sales decline of $98.1 million, or 16.6%, reaching $492.7 million. The decrease was mainly due to reduced average selling prices, which dropped by $115.5 million, partially offset by an increase in sales volume of $21.5 million. The company recorded a net loss of $50.1 million, a significant decline from the net income of $138.0 million in the same period last year. This decline is attributed to a non-cash asset impairment charge of $127.7 million. Adjusted EBITDA was reported at $116.4 million, down $95.5 million from the previous year. Despite the challenges, the Safety & Infrastructure segment saw an increase in net sales by $6.9 million, or 3.4%, amounting to $209.3 million. This segment's Adjusted EBITDA rose by $10.5 million, or 41.3%, reaching $36.1 million, largely due to better-than-expected margins in the construction business. Looking ahead, Atkore is maintaining its full-year outlook, expecting Adjusted EBITDA to range between $375 million and $425 million and Adjusted net income per diluted share to be between $5.75 and $6.85. Additionally, the Board of Directors declared a quarterly cash dividend of $0.33 per share, payable on May 28, 2025, to stockholders of record as of May 16, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Atkore Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250506216720) on May 06, 2025, and is solely responsible for the information contained therein.

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