Atkore (ATKR) Company Report

Atkore Inc. has expanded the scope of its strategic alternatives review to include a potential sale or merger of the entire company, with Citi and J.P. Morgan Securities LLC assisting in the process.
As part of a cooperation agreement with Irenic Capital Management LP, Atkore will appoint Franklin Edmonds to its Board of Directors, expanding the Board to ten directors, nine of whom will be independent.
A Strategic Review Committee will be formed to oversee the review of strategic alternatives, and Bruce M. Taten will serve as a special advisor to this committee.
Bill Waltz, Atkore's President and CEO, has decided to remain in his position through at least the conclusion of the strategic review.

Nov 20, 2025, 10:48 PM

8-K

Atkore Reports Q4 and FY 2025 Results, Announces Strategic Review Expansion, and Provides FY 2026 Outlook

ATKR

Earnings

Guidance Update

M&A

Atkore reported a net loss of $(54) million and Adjusted Diluted EPS of $0.69 for Q4 2025, with net sales of $752 million. For the full fiscal year 2025, the company recorded a net loss of $(15) million and Adjusted Diluted EPS of $6.05 on net sales of $2,850 million.
The company is expanding its strategic alternatives review to include a potential sale or merger of the entire company and is divesting non-core businesses, having already divested Northwest Polymers in February 2025.
For FY 2026, Atkore anticipates Net Sales between $3.0 billion and $3.1 billion, Adjusted EBITDA between $340 million and $360 million, and Adjusted Diluted EPS between $5.05 and $5.55, driven by expected mid-single digit percentage volume growth.
Atkore achieved organic volume growth of 1.4% in Q4 2025 and 0.7% for FY 2025, marking three consecutive years of organic volume growth, and returned ~$144 million to shareholders in FY 2025.

Nov 20, 2025, 1:00 PM

Presentation

Atkore Reports Q4 and Full Year 2025 Results, Expands Strategic Alternatives Review

ATKR

Earnings

M&A

Guidance Update

Atkore reported a net loss of $(54.4) million for Q4 2025 and $(15.2) million for FY 2025, a significant decline from net income of $73.1 million and $472.9 million in the respective prior periods.
The company is expanding its strategic alternatives review to include a potential sale or merger of the entire company, alongside ongoing divestitures of non-core businesses like Northwest Polymers and the High-density polyethylene (HDPE) business.
For FY 2025, Atkore returned approximately $144 million to shareholders through share repurchases and dividend payments.
Atkore achieved organic volume growth of 0.7% for FY 2025, marking three consecutive years of organic volume growth.
The initial FY 2026 outlook projects Net Sales between $3.0 billion and $3.1 billion, Adjusted EBITDA between $340 million and $360 million, and Adjusted Diluted EPS between $5.05 and $5.55.

Nov 20, 2025, 1:00 PM

Presentation

Atkore Announces Q4 and Full-Year 2025 Results and Explores Potential Company Sale

ATKR

Earnings

M&A

Guidance Update

Atkore's Board of Directors has expanded its strategic alternatives to include a potential sale or merger of the entire company, alongside ongoing divestitures of the HDPE business and two other non-core assets, and the closure of three manufacturing facilities. These actions are anticipated to improve the company's financial profile and lead to a return to year-over-year adjusted EBITDA growth in FY2027, with estimated annualized cost reductions of $10 million-$12 million from plant closures.
For Q4 2025, Atkore reported net sales of $752 million and adjusted EBITDA of $71 million (or $82 million excluding one-time items), resulting in a net loss of $54 million due to impairment charges. For the full fiscal year 2025, net sales were $2.9 billion, adjusted EBITDA was $386 million (or $397 million excluding one-time items), and adjusted EPS was $6.05.
Looking ahead to FY2026, Atkore projects net sales between $3.0 billion and $3.1 billion, adjusted EBITDA between $340 million and $360 million, and adjusted EPS in the range of $5.05 to $5.55. The company expects the first quarter of FY2026 to be the softest, with performance ramping up in the back half of the year, driven by growth in construction end markets and a strong recovery in the solar industry.

Nov 20, 2025, 1:00 PM

Transcript

Atkore Expands Strategic Review to Include Potential Company Sale or Merger

ATKR

M&A

Guidance Update

Earnings

Atkore's Board of Directors has expanded the scope of strategic alternatives to include a potential sale or merger of the entire company, in addition to the ongoing sale of its HDPE business and the planned closure of three manufacturing facilities by Q2 2026. These actions are expected to improve the financial profile and return to year-over-year growth in adjusted EBITDA by FY2027.
For Q4 2025, Atkore reported net sales of $752 million and adjusted EBITDA of $71 million (or $82 million excluding one-time adjustments). Full-year 2025 net sales were $2.9 billion and adjusted EBITDA was $386 million (or $397 million excluding one-time adjustments).
The company provided FY2026 guidance, expecting net sales between $3.0 billion and $3.1 billion and adjusted EBITDA between $340 million and $360 million. Adjusted EPS is projected to be in the range of $5.05 to $5.55.
Atkore anticipates mid-single digit volume growth in FY2026, driven by expected growth in construction end markets such as data centers, healthcare, power utilities, and education. The company also returned $144 million to shareholders in FY2025 through share repurchases and dividend payments.

Nov 20, 2025, 1:00 PM

Transcript

Atkore Inc. Announces Q4 and Full-Year 2025 Results, Provides 2026 Outlook, and Expands Strategic Review

ATKR

Earnings

Guidance Update

M&A

Atkore Inc. reported a net loss of $(54.4) million for the fourth quarter of fiscal year 2025, compared to net income of $73.1 million in the prior year, primarily impacted by $86.654 million in asset impairment charges.
For fiscal year 2025, net sales decreased by 11.0% to $2,850.4 million, and Adjusted EBITDA decreased by 49.9% to $386.4 million compared to fiscal year 2024.
The company provided a fiscal year 2026 outlook, expecting net sales in the range of $3.0 - $3.1 billion and Adjusted EBITDA between $340 - $360 million.
Atkore's Board of Directors has expanded the scope of its strategic alternatives review to include a potential sale or merger of the entire company.
During fiscal year 2025, Atkore repurchased $100.0 million in outstanding shares and paid $44.2 million in dividends.

Nov 19, 2025, 11:48 PM

8-K

Atkore Explores Strategic Alternatives Amid Activist Pressure

ATKR

M&A

Takeover Bid

Atkore Inc. is exploring strategic alternatives, including a potential sale, driven by pressure from activist investor Irenic Capital Management.
The company, a manufacturer of electrical and safety infrastructure solutions with a market capitalization of approximately $2.25 billion, maintains a strong balance sheet with a current ratio of 3.09 and a quick ratio of 2.08.
Despite strong operating and gross margins, Atkore faces challenges such as a significant decline in one-year earnings growth and relatively low net margin.
The potential sale has attracted interest from both strategic and private equity parties, with updates possibly provided during the upcoming earnings report.

Nov 19, 2025, 6:54 PM

Bloomberg

Atkore Inc. Announces Plan to Cease Manufacturing Operations

ATKR

Layoffs

New Projects/Investments

Atkore Inc. announced on September 29, 2025, a plan to cease manufacturing operations at three facilities to reduce costs.
The company expects to incur pre-tax cash charges of between $5 million and $15 million, primarily for employee-related and other shutdown costs.
Production at these facilities is anticipated to stop by the end of the second quarter of fiscal 2026, with the majority of the cash costs expected by then.
While certain production assets will be relocated, Atkore Inc. is currently unable to determine an estimate for non-cash impairment charges on remaining assets.

Oct 3, 2025, 8:07 PM

8-K

Atkore Provides Update on Strategic Actions

ATKR

M&A

Layoffs

Atkore is undertaking strategic actions to focus on its core electrical infrastructure portfolio and improve future financial returns.
This includes evaluating the potential sale of its HDPE pipe and conduit business and other non-electrical infrastructure assets, following the earlier divestiture of its Northwest Polymers business.
The company is also implementing cost reduction measures, such as a recent headcount reduction and the planned consolidation of three manufacturing facilities in 2026.
Atkore reported $3.2 billion in sales for fiscal year 2024.

Sep 29, 2025, 8:32 PM

Press Release

Atkore Refinances Senior Secured Term Loan

ATKR

Debt Issuance

Atkore Inc. has completed the refinancing of the senior secured term loan facility for its subsidiary, Atkore International, Inc. (AII).
The existing term loan, which was scheduled to mature in May 2028, has been replaced with a new $373 million senior secured term loan facility for AII.
The new term loan facility matures on the earlier of September 29, 2032, or 91 days prior to the maturity of the Company's existing senior notes due June 1, 2031, if more than $100 million of those notes remain outstanding.
Borrowings under the new facility bear interest at either Term SOFR (with a 0% floor) plus 2.00%, or an alternate base rate (with a 1.5% floor) plus 1.00%.