Atkore Shares Slump After Lower 3Q Revenue, CEO Exit

Dow Jones

08/06

By Natalie Weger

Atkore shares slumped after the company reported lower third-quarter revenue and said its chief executive plans to retire.

Shares were down 26% at $56.72 on Tuesday. The stock is down 32% this year.

The maker of electrical products posted net sales of $735 million, down 11% from last year's comparable quarter. Analysts polled by FactSet expected $736.4 million.

Atkore said Chief Executive William Waltz plans to retire. He joined the company in 2013 and has been CEO since 2018. The company's board is working to identify a new CEO.

Atkore reported a narrowed profit of $43 million, or $1.25 a share, in the quarter ended June 27, compared with $123.4 million, or $3.33 a share, last year.

Adjusted per-share earnings were $1.63, above analyst expectations of $1.58.

Write to Natalie Weger at natalie.weger@wsj.com

(END) Dow Jones Newswires

August 05, 2025 13:25 ET (17:25 GMT)

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The stock is down 32% this year. \n</p>\n<p>\n  The maker of electrical products posted net sales of $735 million, down 11% from last year's comparable quarter. Analysts polled by FactSet expected $736.4 million. \n</p>\n<p>\n  Atkore said Chief Executive William Waltz plans to retire. He joined the company in 2013 and has been CEO since 2018. 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The company's board is working to identify a new CEO.Atkore reported a narrowed profit of $43 million, or $1.25 a share, in the quarter ended June 27, compared with $123.4 million, or $3.33 a share, last year.Adjusted per-share earnings were $1.63, above analyst expectations of $1.58.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ATKR":"Atkore Inc."},"translate_title":"Atkore第三季度收入下降、首席执行官退出后股价暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ATKR":0.9},"content_text":"By Natalie Weger \n\n\n \n\n\n  Atkore shares slumped after the company reported lower third-quarter revenue and said its chief executive plans to retire. \n\n\n  Shares were down 26% at $56.72 on Tuesday. The stock is down 32% this year. \n\n\n  The maker of electrical products posted net sales of $735 million, down 11% from last year's comparable quarter. Analysts polled by FactSet expected $736.4 million. \n\n\n  Atkore said Chief Executive William Waltz plans to retire. He joined the company in 2013 and has been CEO since 2018. The company's board is working to identify a new CEO. \n\n\n  Atkore reported a narrowed profit of $43 million, or $1.25 a share, in the quarter ended June 27, compared with $123.4 million, or $3.33 a share, last year. \n\n\n  Adjusted per-share earnings were $1.63, above analyst expectations of $1.58. \n\n\n \n\n\n  Write to Natalie Weger at natalie.weger@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 05, 2025 13:25 ET (17:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}