earnings
confidence high
sentiment positive
materiality 0.85
Atkore Q2 net sales $982.6M (+53.6% YoY); raises FY2022 Adj EBITDA view to $1.25-1.30B
Atkore Inc.
2022-Q2 EPS reported
$9.39
revenue$1,823,374,000
- Net income per diluted share $5.08 (GAAP), adjusted $5.39; net income up 86.9% to $233.5M.
- Electrical segment sales $759.9M (+55.9%); Adj EBITDA $331.0M (+75.3%). Safety & Infrastructure sales $224.3M (+46.9%).
- FY2022 Adjusted EBITDA guidance raised to $1.25B-$1.30B; Adjusted EPS guidance $19.65-$20.45.
- Board increased share repurchase authorization from $400M to $800M, expiring Nov 2023.
- Preliminary FY2023 Adj EBITDA view of ~$800M-$900M, reflecting expected normalization.