Atkore Inc. (NYSE:ATKR) reported first-quarter fiscal 2026 results on Tuesday that came in ahead of market expectations on earnings, despite a modest year-on-year decline in revenue.
The electrical infrastructure products group delivered adjusted earnings of $0.83 per share for the quarter ended December 26, 2025, beating the analyst consensus of $0.64 by $0.19. That figure, however, was well below the $1.63 per share recorded in the same period last year. Revenue totaled $655.5 million, slightly above forecasts of $650.09 million but down 0.9% compared with a year earlier.
Shares in Atkore Inc. were little changed after the release, trading up just 0.06%.
“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.”
Net income for the quarter fell sharply, declining 67.6% to $15.0 million from $46.3 million a year earlier, largely reflecting lower gross profit and higher selling, general and administrative costs. Gross margin narrowed to 19.2%, down from 25.9% in the prior-year period.
At the segment level, Electrical net sales rose 0.9% to $469.6 million, while Safety & Infrastructure revenue declined 5.3% to $186.3 million. The company said higher sales volumes of $15.3 million helped offset pressure from lower average selling prices across its product range.
Atkore reaffirmed its full-year fiscal 2026 outlook, maintaining guidance for adjusted earnings per share of $5.05 to $5.55. The midpoint of $5.30 sits slightly above the analyst consensus of $5.18.
In addition, the board approved a quarterly dividend of $0.33 per share, scheduled to be paid on February 27, 2026.