Atkore Q3 net sales down 13.4% to $919M; adjusted EPS beats prior outlook, FY guidance raised

Atkore Inc.

2023-Q3 EPS reported $13.62 revenue$2,648,872,000

Net sales $919.1M (-13.4% YoY); GAAP EPS $5.13 vs $5.74 YoY; adjusted EPS $5.72 vs $6.07.
Adjusted EBITDA $270.3M (-28.4% YoY); solar tax credit accounting cut sales $11.5M and EBITDA $17.5M.
Electrical segment sales -14.1%; Safety & Infrastructure -11.7% on lower pricing and solar credit impact.
FY2023 adjusted EBITDA outlook narrowed to $1,020-$1,040M; adjusted EPS raised to $18.90-$19.30.
CEO calls Q3 results 'solid' and ahead of expectations; strong cash flow and capital deployment.

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 its fiscal 2023 third quarter ended June 30, 2023 results: revenue $919.1 million, net income $201.3 million, EPS $5.13.

Period: its fiscal 2023 third quarter ended June 30, 2023
Revenue: $919.1 million
Net income: $201.3 million
EPS: $5.13
Result: reported results

Exact text from the filing

release is being furnished as Exhibit 99.1 and incorporated herein by reference. --- EX-99.1 (EX-99.1) --- Atkore Inc. Announces Third Quarter 2023 Results • Net sales of $919.1 million, down 13.4% versus prior year • Net income per diluted share decreased by $0.61 versus prior year to $5.13; Adjusted net income per diluted share decreased by $0.35 versus prior

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Source: SEC EDGAR

accession 0001666138-23-000086

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