Atkore (ATKR) reported fiscal Q2 preliminary adjusted earnings late Monday of $2.01 to $2.08 per diluted share.

Analysts polled by FactSet expect $1.40.

Net sales for the quarter ended March 28 is expected at $695 million to $705 million.

Analysts surveyed by FactSet expect $690.8 million.

The company said it expects to record a pre-tax, non-cash impairment charge of $121 million to $162 million in Q2 related to its high-density polyethylene pipe and conduit assets due to unfavorable market conditions, public spending constraints, and the emergence of competing technology for federal stimulus funding.

Atkore said it maintained its fiscal year 2025 guidance of $5.75 to $6.85 in adjusted EPS and $2.85 billion to $2.95 billion in net sales. Analysts surveyed by FactSet expect $6.09 and $2.85 billion, respectively.