Overview

* Atkore ( ATKR ) fiscal Q3 net sales fell 10.6%, missing analyst expectations

* Adjusted EPS decreased to $1.63, reflecting lower net income

* CEO Bill Waltz announces retirement, plans to lead until successor appointed

Outlook

* Atkore ( ATKR ) maintains full-year Adjusted EBITDA midpoint at $400 mln

* Company increases full-year Adjusted EPS estimate to $6.25-$6.75

Result Drivers

* SELLING PRICE DECLINE - Net sales decreased due to lower average selling prices, impacting gross profit

* DIVESTITURES - Fiscal 2025 divestitures contributed to reduced net sales

* PRODUCTIVITY IMPROVEMENTS - Co achieved solid productivity improvements, per CEO Bill Waltz

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 sales Miss $735.04 $737 mln

mln (6

Analysts

)

Q3 Net $42.96

Income mln

Q3 Gross $172.06

Profit mln

Q3 $63.81

Operatin mln

g income

Q3 $55.09

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the electrical components & equipment peer group is "buy"

* Wall Street's median 12-month price target for Atkore Inc ( ATKR ) is $80.00, about 4.3% above its August 4 closing price of $76.55

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)