Atkore Inc. is a leading manufacturer of electrical and safety & infrastructure products, serving the construction and industrial markets. The company provides high-quality solutions for electrical power systems and critical infrastructure protection. Its products are widely used in non-residential and residential construction, as well as industrial applications, ensuring reliability and safety.
- Electrical Segment - Manufactures conduit, cable, and installation accessories used in the construction of electrical power systems. Serves contractors in partnership with the electrical wholesale channel, focusing on non-residential and residential construction markets.
- Safety & Infrastructure Segment - Designs and produces metal framing, mechanical pipe, perimeter security, and cable management solutions for critical infrastructure protection. Markets these solutions to contractors, original equipment manufacturers (OEMs), and end-users.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
William E. Waltz Jr. ExecutiveBoard | President and Chief Executive Officer | Director at Quanex Building Products Corporation; Governor at NEMA; Board Member at NAED | Joined Atkore in 2013, became CEO in 2018. Previously COO and Group President of the Electrical Division. Holds an MBA from Northwestern University and degrees in Computer Science and Industrial Engineering. | View Report → |
Daniel S. Kelly Executive | Vice President, General Counsel, and Corporate Secretary | None | Joined Atkore in September 2013. Oversees legal, compliance, and corporate governance. Previously held senior legal roles at ITT Corporation and Xylem, Inc.. | |
James W. Alvey Executive | Vice President and Chief Accounting Officer | None | Joined Atkore in March 2021. Promoted to CAO in August 2024. Previously Corporate Controller. CPA and U.S. Army veteran awarded the Bronze Star Medal. | |
John M. Deitzer Executive | Vice President and Chief Financial Officer | None | Joined Atkore in 2019. Became CFO in August 2024. Previously VP of Investor Relations and Finance for the Electrical Business Unit. Holds an MBA from Carnegie Mellon University. | |
John W. Pregenzer Executive | Chief Operating Officer and President, Electrical Business Unit | None | Joined Atkore in July 2015. Became COO in January 2025 while continuing as President of the Electrical Business Unit (since October 2020). Previously led Conduit & Fittings Business Unit. | |
Mark F. Lamps Executive | President, Safety & Infrastructure Business Unit | None | Joined Atkore in October 2018. Became President of Safety & Infrastructure in March 2019. Previously VP of Business Development & Strategy. Held leadership roles at Pentair and nVent. | |
A. Mark Zeffiro Board | Director | Managing Partner at Brooks International | Joined Atkore's Board in 2015. Former President and CEO of Horizon Global Corporation. Extensive experience in finance and operations. | |
B. Joanne Edwards Board | Director | Board Member at Standex International Corporation; Board Member at Amsted Industries | Joined Atkore's Board in February 2023. Former SVP & GM at Eaton Corporation. Extensive experience in electrical manufacturing and IoT product development. | |
Betty R. Wynn Board | Director and Chair of the Audit Committee | None | Joined Atkore's Board (date unspecified). Chair of the Audit Committee. No additional details provided in the documents. | |
Jeri L. Isbell Board | Director | Director at SiteOne Landscape Supply Inc.; NACD Board Leadership Fellow | Joined Atkore's Board in 2015. Retired VP of HR & Corporate Communications at Lexmark International. Extensive expertise in HR and financial management. | |
Justin A. Kershaw Board | Director | Founder and President of FourCorners Cyber; Board Advisor at University of Minnesota; Cybersecurity Committee Member at NAMI | Joined Atkore's Board in 2017. Former CIO of Cargill, Eaton, and W.L. Gore. Expertise in cybersecurity and technology strategy. | |
Michael V. Schrock Board | Chairman of the Board | Director at Plexus Corporation; Director at SafeFleet Corporation; Board of Governors at St. Thomas School of Engineering | Joined Atkore's Board in May 2018. Former President and COO of Pentair LLC. Brings over 40 years of experience in the electrical industry and public company boards. | |
Scott H. Muse Board | Director | Board Member at Plexus Corporation | Joined Atkore's Board in 2015. No additional details provided in the documents. |
- Given the increased competition from imports—which now represent less than 10% of the PVC conduit market but have grown over 20% year-over-year—what specific strategies are you implementing to mitigate the impact on pricing and margins and defend your market share in both PVC and steel conduit businesses?
- You have revised your full-year 2025 adjusted EBITDA guidance down by approximately $100 million, largely due to unexpected challenges in your PVC conduit business; can you elaborate on why these impacts were greater than anticipated and what measures you're taking to address these headwinds?
- With new entrants from imports and domestic competitors diversifying into the electrical space, creating significant pressure on price and spreads in the PVC market, how confident are you in maintaining profitability, and are there plans to adjust your business model or cost structure in response?
- You mentioned examining your enterprise-wide cost structure and exploring alternative scenarios for certain assets to provide the best economic return; can you provide more details on which assets might be affected and the criteria you're using for these strategic decisions?
- Given the downstream constraints impacting your utility-scale solar market and challenges in the mechanical tube area, how will these factors affect your growth initiatives in solar and water-related products, and what steps are you taking to overcome these obstacles to achieve your projected volume growth?
Research analysts who have asked questions during Atkore earnings calls.
Christopher Dankert
Loop Capital Markets
4 questions for ATKR
Deane Dray
RBC Capital Markets
4 questions for ATKR
David Tarantino
Robert W. Baird & Co.
3 questions for ATKR
Andrew Kaplowitz
Citigroup
2 questions for ATKR
Andy Kaplowitz
Citigroup Inc.
2 questions for ATKR
Alexander Rygiel
B. Riley Securities
1 question for ATKR
Chris Moore
CJS Securities
1 question for ATKR
Justin Clare
Roth MKM
1 question for ATKR
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Zekelman Industries, Inc. | A principal competitor in both the Electrical and Safety & Infrastructure segments, competing in areas such as product offering, innovation, quality, service, and price. |
A competitor in the Electrical segment, focusing on electrical products and solutions. | |
A competitor in the Electrical segment, known for its manufacturing capabilities and product offerings. | |
Southwire Company, LLC | A competitor in the Electrical segment, specializing in electrical products and solutions. |
Dura-Line Corporation | A competitor in the Electrical segment, focusing on conduit and cable management systems. |
Prysmian | A competitor in the Electrical segment, offering a range of electrical products and solutions. |
A competitor in the Safety & Infrastructure segment, providing solutions for infrastructure and safety applications. | |
A competitor in the Safety & Infrastructure segment, focusing on infrastructure and industrial solutions. | |
A competitor in the Safety & Infrastructure segment, offering a variety of infrastructure and safety products. | |
A competitor in the Safety & Infrastructure segment, specializing in electrical and infrastructure solutions. | |
Haydon Corporation | A competitor in the Safety & Infrastructure segment, focusing on infrastructure and safety products. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Sonepar USA | Major electrical distributor | All | More than 10% of net sales in fiscal 2024 and 2023 ; 17% of accounts receivable as of 9/30/2024 ; 14% of accounts receivable as of 9/30/2023 |
CED National | National electrical distributor | All | 11% of accounts receivable as of 9/30/2024 and 9/30/2023 |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Elite Polymer Solutions | 2022 | Atkore Inc. acquired Elite Polymer Solutions for $91.6 million on November 7, 2022. The deal strengthens Atkore’s HDPE conduit portfolio by adding a manufacturer with expertise in HDPE products for telecommunications, utilities, and transportation, while ensuring operational continuity at its Lovelady, Texas facility. |
Cascade Poly Pipe & Conduit | 2022 | Atkore Inc. acquired Cascade Poly Pipe & Conduit as part of a $62.1 million deal ($52.7 million at closing with an additional $9.4 million payable). This acquisition bolsters Atkore's product offering with smooth wall HDPE conduit made from recycled materials and creates a manufacturing presence in the Pacific Northwest to support demand from 5G and infrastructure initiatives. |
Northwest Polymers | 2022 | Northwest Polymers was acquired concurrently with Cascade Poly Pipe & Conduit in a $62.1 million combined deal. The acquisition enhances Atkore’s sustainability and recycling capabilities with a leading recycler of plastics, supporting its supply chain and ESG objectives in Molalla, Oregon. |
United Poly Systems | 2022 | United Poly Systems was acquired for $226.5 million to expand Atkore’s HDPE pressure pipe and conduit manufacturing capacity. With facilities in Springfield, Missouri and Albuquerque, New Mexico, this move is strategically aimed at benefiting from U.S. infrastructure investments and includes $69.6 million in goodwill (with $11.7 million tax-deductible). |
Talon Products, LLC | 2022 | Allied Tube and Conduit Corporation (a subsidiary of Atkore) acquired Talon Products, LLC for $4.193 million. This deal enhances Atkore’s portfolio with injection-molded cable cleats for the power distribution market, and the purchase price allocation was finalized in Q4 FY2022. |
Four Star Industries LLC | 2021 | Atkore Inc. acquired the assets of Four Star Industries to expand its HDPE conduit product portfolio. Serving the telecommunications, utility, infrastructure, and datacom markets with operations in Allendale, South Carolina, the transaction (with undisclosed terms) supports Atkore’s growth in broadband and renewable energy sectors. |
Recent press releases and 8-K filings for ATKR.
- 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.
- 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.
- 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%.
- Atkore International, Inc., a wholly owned subsidiary of Atkore Inc., entered into a new $373 million senior secured term loan facility on September 29, 2025.
- The facility matures on the earlier of September 29, 2032, or 91 days prior to the maturity of existing senior notes due June 1, 2031, if more than $100 million of such notes remain outstanding.
- Borrowings under the facility will bear interest at either Term SOFR (with a floor of 0%) plus 2.00%, or an alternate base rate (with a floor of 1.5%) plus 1.00%, and have an annual amortization rate of 1%.
- The facility is secured by all assets of Atkore International, Inc. and its guarantors, with first priority over real property, plant and equipment, intellectual property, and capital stock, and second priority over cash, accounts receivable, and inventory.
- The agreement contains customary affirmative and negative covenants, but no financial maintenance covenants are included.
- Financial Results: Reported net sales of $702 million with a net loss of $50M (diluted EPS -1.46) alongside adjusted EBITDA of $116 million and adjusted EPS of $2.04
- Capital Actions & Strategic Moves: Executed approximately $50M in share repurchases, declared a quarterly dividend of $0.33 per share (payable May 28, 2025) with additional $11M in dividend payments, and divested the Northwest Polymers recycling business
- Guidance: FY 2025 guidance remains intact with expected adjusted EBITDA between $375 million and $425 million and anticipated Q3 net sales between $715 million and $745 million
- Operational Performance: Achieved 5% organic volume growth driven by strong contributions from construction services, steel conduit, metal framing, and cable management products
- Atkore Inc. disclosed that its subsidiary, Atkore Borrower, entered into a Fourth Amendment to its Credit Agreement on April 30, 2025, which extends the maturity period and revises borrowing base terms.
- The filing, submitted on May 5, 2025, details the legal execution of the amendment and the related adjustments to existing loan document terms, involving multiple financial institutions.
- The company provided preliminary Q2 2025 estimates with net sales between $695 million and $705 million and a net loss ranging from $(77) million to $(41) million, primarily due to an impairment charge on HDPE assets of approximately $121 million to $162 million.
- Atkore maintained its full-year fiscal 2025 guidance, expecting net sales of $2.85 billion to $2.95 billion, adjusted EBITDA of $375 million to $425 million, and adjusted net income per diluted share between $5.75 and $6.85 while also announcing a new 5-year collective bargaining agreement at its Harvey, IL facility.