Atkore Inc. Announces First Quarter 2026 Results (Form 8-K)

Atkore Inc. Announces First Quarter 2026 Results

•Net sales of $655.5 million, down 0.9% versus prior year

•Net income per diluted share decreased by $0.87 versus prior year to $0.44; Adjusted net income per diluted share decreased by $0.80 versus prior year to $0.83

•Net income decreased by $31.3 million versus prior year to $15.0 million; Adjusted EBITDA decreased by $30.0 million versus prior year to $69.1 million

•2026 full-year Adjusted EBITDA outlook midpoint of $350 million; full-year Adjusted net income per diluted share midpoint to $5.30

•On January 28, 2026, Atkore's Board of Directors approved a quarterly dividend payment of $0.33 per share of common stock payable on February 27, 2026 to stockholders of record on February 17, 2026

HARVEY, IL. - February 3, 2026 (BUSINESS WIRE) - Atkore Inc. (the "Company" or "Atkore") (NYSE: ATKR) announced earnings for its fiscal 2026 first quarter ended December 26, 2025.

"Atkore's first quarter results were above our expectations in several areas of the business," said Bill Waltz, Atkore President and Chief Executive Officer. "We are pleased to highlight that our results include both volume growth and productivity gains. In addition, during the quarter we divested our Tectron mechanical tube product line which is another action taken as part of our broader review of strategic alternatives. This divestiture helps Atkore focus on its core electrical infrastructure portfolio."

Waltz continued, "We also recently published our 2025 Sustainability Report highlighting our progress and activities related to environmental health and safety, and employee engagement. We are pleased with what we've been able to accomplish across a variety of key areas including the achievement of our Company goals."

2026 First Quarter Results

									Three months ended
(in thousands)									December 26, 2025						December 27, 2024						Change						% Change
Net sales
Electrical									$	469,554					$	465,355					$	4,199					0.9		%
Safety & Infrastructure									186,252						196,724						(10,472)						(5.3)		%
Eliminations									(258)						(482)						224						(46.5)		%
Consolidated operations									$	655,548					$	661,597					$	(6,049)					(0.9)		%
Net (loss) income									$	15,034					$	46,336					$	(31,302)					(67.6)		%
Adjusted EBITDA
Electrical									$	55,102					$	92,387					$	(37,285)					(40.4)		%
Safety & Infrastructure									30,187						15,579						14,608						93.8		%
Unallocated									(16,143)						(8,816)						(7,327)						83.1		%
Consolidated operations									$	69,146					$	99,150					$	(30,004)					(30.3)		%

Net sales decreased by $6.0 million, or 0.9%, to $655.5 million for the three months ended December 26, 2025, compared to $661.6 million for the three months ended December 27, 2024. The decrease in net sales is primarily attributed to decreased average selling prices across the Company's products of $18.1 million and the impact of divestitures in fiscal 2025 of $5.2 million, partially offset by increased sales volume of $15.3 million.

Gross profit decreased by $45.2 million, or 26.4%, to $125.9 million for the three months ended December 26, 2025, as compared to $171.1 million for the prior-year period. Gross margin decreased to 19.2% for the three months ended December 26, 2025, as compared to 25.9% for the prior-year period. Gross profit decreased primarily due to declines in average selling prices of $18.1 million and increased input costs of $25.3 million.

Net income decreased by $31.3 million, or 67.6%, to $15.0 million for the three months ended December 26, 2025 compared to $46.3 million of net income for the prior-year period primarily due to lower gross profit of $45.2 million and increased selling, general and administrative expense of $8.1 million partially offset by lower income tax expense of $11.8 million and lower intangible amortization of $5.4 million.

Adjusted EBITDA decreased by $30.0 million, or 30.3%, to $69.1 million for the three months ended December 26, 2025 compared to $99.1 million for the three months ended December 27, 2024. The decrease was primarily due to lower gross profit.

Net income per diluted share prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") was $0.44 for the three months ended December 26, 2025, as compared to $1.31 in the prior-year period. Adjusted net income per diluted share decreased by $0.80 to $0.83 for the three months ended December 26, 2025, as compared to $1.63 in the prior year period. The decrease in diluted earnings per share is primarily attributed to lower net income in the quarter.

Segment Results

Electrical

Net sales increased by $4.2 million, or 0.9%, to $469.6 million for the three months ended December 26, 2025 compared to $465.4 million for the three months ended December 27, 2024. The increase in net sales is primarily attributed to increased sales volume of $23.4 million, partially offset by decreased average selling prices of $18.1 million.

Adjusted EBITDA for the three months ended December 26, 2025 decreased by $37.3 million, or 40.4%, to $55.1 million from $92.4 million for the three months ended December 27, 2024. Adjusted EBITDA margin decreased to 11.7% for the three months ended December 26, 2025 compared to 19.9% for the three months ended December 27, 2024. The decrease in Adjusted EBITDA and Adjusted EBITDA margin was largely due to lower average selling prices and higher input costs.

Safety & Infrastructure

Net sales decreased by $10.5 million, or 5.3%, for the three months ended December 26, 2025 to $186.3 million compared to $196.7 million for the three months ended December 27, 2024. The decrease is primarily attributed to lower sales volume of $8.1 million.

Adjusted EBITDA increased by $14.6 million, or 93.8%, to $30.2 million for the three months ended December 26, 2025 compared to $15.6 million for the three months ended December 27, 2024. Adjusted EBITDA margin increased to 16.2% for the three months ended December 26, 2025 compared to 7.9% for the three months ended December 27, 2024. The increase in Adjusted EBITDA and Adjusted EBITDA margin was largely due to increases associated with improved operational performance and cost control in our mechanical and construction business.

Liquidity & Capital Resources

On January 28, 2026, Atkore's Board of Directors approved a quarterly dividend payment of $0.33 per share of common stock payable on February 27, 2026 to stockholders of record on February 17, 2026.

Full-Year Outlook1

The Company is maintaining its estimated range for fiscal year 2026 Adjusted EBITDA at $340 to $360 million and Adjusted net income per diluted share at $5.05 to $5.55.

The Company notes that this perspective may vary due to changes in assumptions or market conditions and other factors described under "Forward-Looking Statements."

Conference Call Information

Atkore management will host a conference call today, February 3, 2026, at 8 a.m. Eastern time, to discuss the Company's financial results. The conference call may be accessed by dialing (888) 330-2446 (domestic) or (240) 789-2732 (international). The call will be available for replay until February 17, 2026. The replay can be accessed by dialing (800) 770-2030 for domestic callers, or for international callers, (609) 800-9909. The passcode for the live call and the replay is 5592214.

Interested investors and other parties can also listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.atkore.com. The online replay will be available on the same website immediately following the call.

To learn more about the Company, please visit the Company's website at https://investors.atkore.com.

About Atkore Inc.

Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications. With 5,400 employees and $2.9B in sales in fiscal year 2025, we deliver sustainable solutions to meet the growing demands of electrification and digital transformation. To learn more, please visit www.atkore.com.

Dissemination of Company Information

Atkore intends to make future announcements regarding company developments and financial performance through its website, www.atkore.com, as well as through press releases, filings with the Securities and Exchange Commission (the "SEC"), conference calls, media broadcasts, and webcasts.

Media Contact:

Lisa Winter

Vice President - Communications

708-225-2453

[email protected]

Investor Contact:

Matthew Kline

Vice President - Treasury & Investor Relations

708-225-2116

[email protected]

1 Reconciliations of the forward-looking full-year 2026 outlook for Adjusted EBITDA and Adjusted net income per diluted share are not being provided as the Company does not currently have sufficient data to accurately estimate the variables and individual adjustments for such reconciliations. Accordingly, we are relying on the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K to exclude these reconciliations.