8-K
filed November 18, 2022, 6:59 PM ET
ticker ATKR
CIK 0001666138
earnings
confidence high
sentiment negative
materiality 0.80
Atkore Q4 EPS $5.52 adj., FY22 record; guides FY23 adj. EBITDA $850-950M, down ~30%
Atkore Inc.
2022-FY EPS reported
$20.30
revenue$3,913,949,000
- Q4 adj. EPS $5.52 vs $4.39 YoY; adj. EBITDA $325M (+11%); revenue $1.03B (+11.4%).
- FY22 record: adj. EPS $21.55, adj. EBITDA $1.34B, revenue $3.91B (+33.7% YoY).
- FY23 outlook: adj. EBITDA $850-950M (down ~30% at midpoint); adj. EPS $13.10-14.90.
- Board boosts share repurchase authorization to $1.3B, extended through Nov 2025.
- Long-term goal: FY2025 adj. EPS >$18; pricing normalization expected in FY23.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Atkore Inc. reported the fourth fiscal quarter ended September 30, 2022 results: revenue $1,029.0 million, net income $220.8 million, EPS $5.18. Guidance initiated.
- Period
- the fourth fiscal quarter ended September 30, 2022
- Revenue
- $1,029.0 million
- Net income
- $220.8 million
- EPS
- $5.18
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
29,015 7,356 25.4 % Unallocated (20,067) (20,029) (38) 0.2 % Consolidated operations $ 325,085 $ 292,931 $ 32,154 11.0 % Net sales for the fourth quarter of 2022 increased to $1,029.0 million, an increase of 11.4% compared to $923.7 million for the prior-year period, primarily due to higher average selling prices of $45.4 million and higher sales volume of $8.4
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Atkore Inc. reported the fiscal year ended September 30, 2022 results: net income $913.4 million, EPS $20.30. Guidance initiated.
- Period
- the fiscal year ended September 30, 2022
- Net income
- $913.4 million
- EPS
- $20.30
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Fiscal 2022 Highlights • Record full year net sales and net income • Net income per diluted share increased to $20.30 from $12.19 in prior year; Adjusted net income per diluted share increased to $21.55 from $12.98 in prior year • Net income increased by $325.6 million versus prior year to $913.4 million; Adjusted EBITDA increased to $1,341.8 million from $897.5 million in prior year
View on SEC.gov
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