06:38 AM EST, 11/21/2024 (MT Newswires) -- Atkore ( ATKR ) reported fiscal Q4 adjusted net income Thursday of $2.43 per diluted share, down from $4.21 a year earlier.

Analysts polled by FactSet expected $2.47.

Net sales for the quarter ended Sept. 30 were $788.3 million, down from $869.9 million a year earlier.

Analysts surveyed by FactSet expected $749.5 million.

Atkore ( ATKR ) said it expects fiscal 2025 adjusted net income of $7.80 to $8.90 per diluted share. Analysts polled by FactSet expected $11.67.

Net sales for the current fiscal year are projected to be $2.9 billion to $3.2 billion, the company said. Analysts surveyed by FactSet expected $3.04 billion.

The company's shares were down more than 10% in recent Thursday premarket activity.

Price: 75.50, Change: -8.65, Percent Change: -10.28