Atkore Inc. (NYSE:ATKR) posted stronger-than-expected third-quarter results on Tuesday, with adjusted earnings of $1.63 per share surpassing the consensus estimate of $1.56. Revenue came in slightly above forecasts at $735 million, just ahead of the expected $734.2 million.
While total revenue declined 10.6% from the same quarter last year—largely due to lower average selling prices across its portfolio—the company held firm on its full-year adjusted EBITDA outlook, maintaining the midpoint at $400 million. Additionally, Atkore lifted its adjusted EPS guidance to a range of $6.25–$6.75, with a midpoint of $6.50.
“Atkore delivered another strong quarter of financial results, achieving Net Sales, Adjusted EBITDA and Adjusted EPS towards the top end of the ranges we presented during our last earnings call in May,” said Bill Waltz, Atkore’s President and CEO. “We grew organic volume 2% year-over-year and recognized solid productivity improvements.”
Despite the positive outlook, net income for the quarter dropped sharply to $43 million, down from $123.4 million a year earlier. Adjusted EBITDA also fell by 51.5% to $99.9 million.
The company’s Electrical segment, which represents the core of Atkore’s business, saw revenue decrease 14% year-over-year to $521.3 million. The segment’s adjusted EBITDA margin narrowed significantly, falling to 15.6% from 30.1%. Meanwhile, the Safety & Infrastructure division reported a more modest 1.4% revenue dip to $214 million, with margin improving to 14.4% from 13.8% in the prior year.
In a separate update, Waltz announced his intention to retire, noting he will remain in his current roles until a successor is named.
Atkore’s board also declared a quarterly dividend of $0.33 per share, scheduled for payment on August 29, 2025, to shareholders on record as of August 19.
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