12:03 PM EST, 02/04/2025 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Atkore ( ATKR ) shares were down more than 19% in recent trading on Tuesday after fiscal Q1 net sales missed consensus estimates and the company lowered its 2025 net income outlook.

The company reported fiscal Q1 adjusted net income of $1.63 per diluted share, down from $4.12 a year earlier.

Analysts polled by FactSet expected $1.55.

Net sales for the fiscal quarter ended Dec. 27 was $661.6 million, down from $798.5 million a year earlier.

Analysts surveyed by FactSet expected $679.8 million.

The electronic components maker said it now expects fiscal 2025 adjusted net income outlook of $5.75 to $6.85 per diluted share. That compares with its previous guidance of $7.80 to $8.90. Analysts polled by FactSet expect $8.38.

Price: 64.34, Change: -15.39, Percent Change: -19.30