secwatch.observer — SEC 8-K summary
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Issuer:     Atkore Inc. (ATKR)
CIK:        0001666138
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001666138-23-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666138/000166613823000035/0001666138-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666138/000166613823000035/atkr-20230201.htm
  HTML page:      https://secwatch.observer/filing/0001666138-23-000035

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