earnings
confidence high
sentiment positive
materiality 0.80
Atkore Q3 net sales up 24% to $1.06B; raises FY22 EBITDA guidance to $1.32-1.34B
Atkore Inc.
2022-Q3 EPS reported
$15.10
revenue$2,884,963,000
- Net sales $1.06B (+24.4% YoY); net income $254M, diluted EPS $5.74; adjusted EPS $6.07.
- Adjusted EBITDA $377.5M (+37.7% YoY) with Electrical margin 42.8%, Safety & Infra margin 18.9%.
- Full-year FY22 Adjusted EBITDA outlook raised to $1,322-1,342M; FY23 preliminary view $800-900M.
- Repurchased $500M shares in FY22; acquired United Poly Systems to grow HDPE conduit portfolio.
- Management sees near-term PVC pricing elevated but expects normalization over time (timing uncertain).