Atkore reports Q2 net sales down 11.5% YoY; guidance cut to $850-900M EBITDA

Atkore Inc.

2024-Q2 EPS reported $7.28 revenue$1,591,392,000

Net sales $792.9M (-11.5% YoY); GAAP EPS $3.67 vs $4.31; adjusted EPS $4.08 vs $4.87.
Adjusted EBITDA $211.9M (-23.2% YoY); full-year outlook lowered to $850-900M.
Electrical segment net sales down 13.2%, Safety & Infrastructure down 5.9%.
Quarterly dividend $0.32/share declared; $59M stock repurchased in Q2.
CEO cites HDPE and solar-related headwinds for guidance adjustment.

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 fiscal 2024 second quarter ended March 29, 2024 results: revenue $792.9 million, net income $138.0 million, EPS $3.67. Guidance lowered.

Period: fiscal 2024 second quarter ended March 29, 2024
Revenue: $792.9 million
Net income: $138.0 million
EPS: $3.67
Guidance: lowered
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 Second Quarter 2024 Results • Net sales of $792.9 million, down 11.5% versus prior year • Net income per diluted share decreased by $0.64 versus prior year to $3.67; Adjusted net income per diluted share decreased by $0.79 versus prior

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Source: SEC EDGAR

accession 0001666138-24-000046

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