Atkore Q1 net sales down 0.8%, raised FY23 Adj. EBITDA outlook to $950M-$1,050M

Atkore Inc.

2023-Q1 EPS reported $4.20 revenue$833,821,000

Net sales $833.8M (-0.8% YoY); net income $173.5M (-15.3% YoY); GAAP EPS $4.20, Adj. EPS $4.61.
Electrical segment Adj. EBITDA $243.8M (-12.8% YoY); S&I segment Adj. EBITDA $33.4M (+21.8% YoY).
Raised FY23 outlook: Adj. EBITDA $950M-$1,050M, Adj. EPS $15.85-$17.75.
Repurchased $150M of stock in Q1 and over $100M in Q2 through Feb 1.
Acquisitions added $61.3M in sales; volume growth of $45.6M partially offset price declines.

item 2.02 item 7.01 item 9.01

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 fiscal 2023 first quarter ended December 30, 2022 results: revenue $833.8 million, net income $173.5 million, EPS $4.20 per diluted share. Guidance raised.

Period: fiscal 2023 first quarter ended December 30, 2022
Revenue: $833.8 million
Net income: $173.5 million
EPS: $4.20 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Atkore Inc. Announces First Quarter 2023 Results • Net sales of $833.8 million, down 0.8% versus prior year • Net income per diluted share decreased by $0.12 versus prior year to $4.20; Adjusted net income per diluted share increased by $0.03 versus prior year to $4.61 • Net income decreased by $31.4 million versus prior year to $173.5 million; Adjusted EBITDA decreased by $29.2 million versus prior year to $263.8 million • Full-year Adjusted EBITDA outlook increased to $950 - $1,050 million; Full-year Adjusted net income per diluted share outlook increased to $15.85 - $17.75

View on SEC.gov

Browse all earnings releases →

Atkore Inc. filing history →

Source: SEC EDGAR

accession 0001666138-23-000035

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.