Atkore Q4 EPS $3.63; full-year sales down 10.1%; initiates dividend; FY24 guidance $900-950M EBITDA

Atkore Inc.

2023-FY EPS reported $17.27 revenue$3,518,761,000

Q4 net income $140.9M ($3.63 diluted EPS) vs $220.8M ($5.18) YoY; adjusted EPS $4.21 vs $5.52.
FY23 net income $689.9M ($17.27 EPS) vs $913.4M ($20.30) YoY; adjusted EBITDA $1,042.1M vs $1,341.8M.
New quarterly dividend program approved; first payment expected in calendar Q1 2024.
FY24 guidance: Adj. EBITDA $900-950M, adj. EPS $16.00-17.00; maintain FY25 adj. EPS target >$18.
Electrical segment sales down 18.3%; Safety & Infrastructure down 5.8% YoY in Q4.

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 0.95

Atkore Inc. reported financial results for the fourth fiscal quarter and year ended September 30, 2023.

Period: the fourth fiscal quarter and year ended September 30, 2023
Result: reported results

Exact text from the filing

On November 17, 2023, Atkore Inc. (the "Company" or "Atkore") issued a press release announcing the Company’s financial results for the fourth fiscal quarter and year ended September 30, 2023. A copy of the press release is being furnished as Exhibit 99.1 and incorporated herein by reference.

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Source: SEC EDGAR

accession 0001666138-23-000113

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