Atkore Inc. (NYSE:ATKR) reported fiscal second-quarter 2026 results on Tuesday that came in ahead of analyst forecasts for both earnings and revenue, sending its shares up 5.6% in premarket trading.
The company posted adjusted earnings per share of $1.23, exceeding the consensus estimate of $1.06 by $0.17.
Revenue reached $731.4 million, representing a 4.2% year-on-year increase from $701.7 million and surpassing analyst expectations of $714.53 million. However, adjusted net income per diluted share declined to $1.23 from $2.04 in the same period last year, reflecting a year-on-year drop of $0.81.
Full-Year Guidance Maintained
Atkore reaffirmed its full-year fiscal 2026 outlook, maintaining adjusted EPS guidance in the range of $5.05 to $5.55. The midpoint of $5.30 is slightly above the analyst consensus of $5.28. The company also reiterated its adjusted EBITDA forecast of $340 million to $360 million for the year.
“We delivered approximately 5% YoY organic volume growth and solid productivity gains,” said Bill Waltz. “These operating results reflect improvements from our own internal initiatives as well as benefits from solid end-market demand.”
Profitability Under Pressure
Despite stronger revenue, profitability weakened notably during the quarter.
Atkore reported a net loss of $124.1 million, or -$3.65 per diluted share, compared with a net loss of $50.1 million a year earlier. Adjusted EBITDA fell 30.4% to $81.1 million from $116.4 million, primarily due to input costs of $82.1 million significantly outpacing price increases of $10.2 million.
Portfolio Changes and Legal Settlements
Following the end of the quarter, the company completed the sale of its HDPE Pipe & Conduit business, as well as its surface protection operations in Belgium. It also reached settlement agreements totaling $136.5 million related to ongoing litigation matters.
Dividend Announcement
Atkore’s board approved a quarterly dividend of $0.33 per share, payable on May 29, 2026, to shareholders of record as of May 19, 2026.