John Pregenzer
On January 10, 2025, Atkore Inc. (the “Company”) announced the promotion of John Pregenzer to Chief Operating Officer (“COO”), effective January 13, 2025.
Highest-materiality recent filing
Atkore to be acquired by Prysmian for $95/share (~$3.8B); Q3 adjusted EPS $1.92
Acquisition by Prysmian for $95.00/share, enterprise value ~$3.8B, all-cash.
Atkore to be acquired by Prysmian for $95.00/share in cash, ~$3.8B EV
Atkore shareholders to receive $95.00 per share in cash, a 30% premium to July 31 close of $72.96.
Atkore agrees to pay $50M to settle end-user plaintiffs in PVC pipe antitrust class action
Settlement agreement with End User Plaintiffs for $50 million, subject to court approval.
Net sales $731.4M (+4.2% YoY); Electrical +8.1%, Safety & Infrastructure -4.9%.
Atkore settles two PVC pipe antitrust class actions for $136.5M total
Agreed to pay $72.5M to Direct Purchaser Plaintiffs and $64M to Non-Converter Seller Purchaser Plaintiffs.
Atkore sells HDPE pipe & conduit business to Infra Pipes, retains 10% stake
Atkore contributes its HDPE business and $28M to combine with Infra Pipes, receiving a 10% equity stake.
Atkore Q1 net income drops 67.6% to $15.0M; adjusted EPS $0.83 vs $1.63 YoY
Net sales $655.5M (-0.9% YoY); GAAP EPS $0.44, adjusted EPS $0.83 (prior $1.63).
All 10 director nominees elected with 27.5-28.4M votes for each; broker non-votes ~2.16M.
Atkore appoints Franklin S. Edmonds Jr. to board following Irenic Capital cooperation agreement
Appointed effective November 28, 2025 to the Board of Directors.
Board expands strategic alternatives review to include sale/merger of whole company; Citi and JPMorgan hired.
Atkore reports Q4 net loss of $54.4M, Adjusted EBITDA down 49%; FY2026 Adj EBITDA guidance $340-360M
Q4 net sales $752M, down 4.6% YoY; net loss $(54.4)M vs net income $73.1M; includes $85.6M in non-cash impairments.
Atkore to close three facilities, expects $5-15M pre-tax cash charges by Q2 FY2026
Ceasing manufacturing at three undisclosed facilities; production to stop by end of fiscal Q2 2026.
Atkore enters $373M senior secured term loan to refinance existing debt
New $373M term loan facility matures Sept 2032 (or 91 days before 2031 note maturity if >$100M remains).
Atkore Q3 net sales down 10.6%; CEO Waltz to retire; Adjusted EBITDA down 51.5%
Net sales $735.0M (-10.6% YoY); GAAP diluted EPS $1.25 vs $3.33 prior year.
Atkore CEO Bill Waltz announces retirement; board initiates successor search
William Waltz to retire as President and CEO; will continue until successor is appointed.
Atkore reports Q2 net loss of $50.1M; adjusted EPS $2.04 vs $4.08 YoY, impairment $127.7M
Net sales $701.7M (-11.5% YoY); net loss per diluted share $(1.46) vs income $3.67 prior year.
Atkore amends credit facility, extends maturity by five years, adds HSBC & Truist as lenders
Fourth Amendment to Credit Agreement executed April 30, 2025; extends maturity to earlier of 5 years from amendment or 91 days before term loan maturity if ≥$100M remains.
Net sales ~$695-705M; net loss per share $(1.20-2.24) from $121-162M HDPE impairment; adjusted EPS $2.01-2.08.
Atkore receives DOJ grand jury subpoena over PVC pipe pricing practices
DOJ Antitrust Division subpoena issued Feb 13, 2025, seeks documents on PVC pipe and conduit pricing.
Atkore Q1 FY2025 net sales down 17% YoY; cuts full-year EBITDA outlook to $375-$425M
Net sales $661.6M, down 17.1% YoY; net income $46.3M ($1.31 diluted EPS) vs $138.4M last year.
All nine director nominees elected with votes for ranging from ~27.8M to ~28.2M; support >98% of votes cast excluding broker non-votes.
Atkore promotes John Pregenzer to COO effective Jan 13, 2025
John Pregenzer named Chief Operating Officer while retaining role as President-Electrical.
Atkore files November 2024 investor presentation; no material updates disclosed
Exhibit 99.1 is a general investor presentation dated November 2024.
Net sales $788.3M (-9.4% YoY), net income $73.1M (-48.1%), adjusted EBITDA $140.2M (-39.6%).
Atkore Q3 sales down 10.5% to $822M; Adj EPS $3.80 vs $5.72; cuts FY24 outlook
Net sales $822.4M (-10.5% YoY); GAAP EPS $3.33 vs $5.13; Adj EPS $3.80 vs $5.72.
Atkore CFO David Johnson resigning; John Deitzer named CFO, James Alvey CAO
David Johnson resigns as CFO/CAO to pursue outside opportunity; last day Aug 9, 2024.
Atkore posts May 2024 investor presentation; no material new information
Investor presentation dated May 2024 furnished for use in presentations to investors.
Atkore reports Q2 net sales down 11.5% YoY; guidance cut to $850-900M EBITDA
Net sales $792.9M (-11.5% YoY); GAAP EPS $3.67 vs $4.31; adjusted EPS $4.08 vs $4.87.
Atkore Q1 EPS declines YoY but raises full-year adjusted EPS guidance; initiates quarterly dividend
Net sales $798.5M (-4.2% YoY); GAAP EPS $3.61, Adjusted EPS $4.12.
All nine director nominees elected with >99% of votes cast for each (excluding broker non-votes).
Atkore Q4 EPS $3.63; full-year sales down 10.1%; initiates dividend; FY24 guidance $900-950M EBITDA
Q4 net income $140.9M ($3.63 diluted EPS) vs $220.8M ($5.18) YoY; adjusted EPS $4.21 vs $5.52.
Atkore makes September 2023 investor presentation available; no specific financial updates
Investor presentation dated September 2023 attached as Exhibit 99.1 to Form 8-K.
Atkore Q3 net sales down 13.4% to $919M; adjusted EPS beats prior outlook, FY guidance raised
Net sales $919.1M (-13.4% YoY); GAAP EPS $5.13 vs $5.74 YoY; adjusted EPS $5.72 vs $6.07.
Atkore files May 2023 investor presentation; no specific updates disclosed
Investor presentation dated May 2023 furnished; scheduled for use in investor meetings.
Atkore Q2 net sales down 8.8% to $895.9M; raises FY23 adjusted EBITDA guidance to $1,015-1,065M
GAAP EPS $4.31 vs $5.08 YoY; adjusted EPS $4.87 vs $5.39; net income down 25.4% to $174.2M.
Atkore furnishes February 2023 investor presentation; no material new information disclosed
Atkore made available an investor presentation dated February 2023.
Atkore Q1 net sales down 0.8%, raised FY23 Adj. EBITDA outlook to $950M-$1,050M
Net sales $833.8M (-0.8% YoY); net income $173.5M (-15.3% YoY); GAAP EPS $4.20, Adj. EPS $4.61.
Atkore appoints B. Joanne Edwards to two board committees effective Feb 1, 2023
Edwards named to Nominating & Governance Committee and Human Resources & Compensation Committee.
Atkore shareholders re-elect directors; ~6% against one director, ~5% against say-on-pay
All 8 director nominees elected; Scott H. Muse received 32.5M for (94.0%) and 2.1M against (6.0%).
Atkore Director William VanArsdale Retires; B. Joanne Edwards to Fill Vacancy Feb 1, 2023
William VanArsdale retired from Atkore's Board effective Dec 28, 2022 for personal reasons; no disagreement with company.
Atkore appoints B. Joanne Edwards to Board effective Feb 1, 2023
Board temporarily expanded from 9 to 10 directors; Edwards appointed to fill new seat effective Feb 1, 2023.
Atkore Q4 EPS $5.52 adj., FY22 record; guides FY23 adj. EBITDA $850-950M, down ~30%
Q4 adj. EPS $5.52 vs $4.39 YoY; adj. EBITDA $325M (+11%); revenue $1.03B (+11.4%).
Atkore acquires Elite Polymer Solutions for $91.6M to expand HDPE conduit
Purchase price of $91.6M for assets of Elite Polymer Solutions, an HDPE conduit manufacturer.
Atkore furnishes investor presentation at Baird conference; no new financial data disclosed
Presentation cover lists Bill Waltz (CEO) and David Johnson (CFO) as presenters.
Atkore buys Cascade (HDPE conduit) and Northwest Polymers (plastics recycler)
Acquisition bolsters Pacific Northwest HDPE conduit presence for 5G and broadband infrastructure markets.
Atkore Q3 net sales up 24% to $1.06B; raises FY22 EBITDA guidance to $1.32-1.34B
Net sales $1.06B (+24.4% YoY); net income $254M, diluted EPS $5.74; adjusted EPS $6.07.
Atkore acquires United Poly Systems, an HDPE pipe manufacturer for telecom, water markets
Fourth acquisition in FY2022; over $250M deployed in M&A in past six months.
Atkore files 8-K with investor presentation; no material new information provided
Furnished investor presentation dated May 2022 under Item 7.01; no financial results or guidance disclosed.
Atkore Q2 net sales $982.6M (+53.6% YoY); raises FY2022 Adj EBITDA view to $1.25-1.30B
Net income per diluted share $5.08 (GAAP), adjusted $5.39; net income up 86.9% to $233.5M.
Atkore posts February 2022 investor presentation; no material news
Exhibit 99.1 includes only a title page stating 'Atkore Inc. Investor Presentation & Company Overview February 2022'.
On January 10, 2025, Atkore Inc. (the “Company”) announced the promotion of John Pregenzer to Chief Operating Officer (“COO”), effective January 13, 2025.
On July 22, 2024, David Johnson, the Chief Financial Officer (“CFO”) and Chief Accounting Officer (“CAO”) of Atkore Inc. (the “Company”), notified the Company that he is resigning from the Company to pursue another opportunity outside the electrical industry.
James Alvey will assume the role of CAO
John Deitzer will assume the role of CFO
the Board has determined to appoint Ms. Edwards to fill the vacancy created by Mr. VanArsdale’s retirement, effective February 1, 2023
Effective December 28, 2022, William R. VanArsdale retired from the Board of Directors (the “Board”) of Atkore Inc. (the “Company”).
On December 12, 2022, the Board of Directors (the “Board”) of Atkore Inc. (the “Company”) temporarily increased the number of directors of the Company from nine directors to ten directors and elected B. Joanne Edwards to fill the vacancy resulting from the newly-created directorship, in each case effective February 1, 2023.
Max materiality 1.00 · Median 0.65 · Most common event earnings