Atkore Inc (ATKR)

Atkore's stock price declined by 22.15% between October 3, 2024, and October 2, 2025. In Q2 CY2025, revenues were $735 million, a 10.6% year-on-year decrease, aligning with estimates. Adjusted EPS beat expectations, but full-year EBITDA guidance slightly missed estimates. Atkore is exploring options to focus on its core electrical business, completed a $373 million term loan refinancing, and plans to close three manufacturing facilities by mid-2026 as a cost reduction initiative. Irenic Capital has built a stake in Atkore and is advocating for a sale of the company.

Atkore's operating results are impacted by seasonality, as the electrical systems industry is subject to cyclical downturns, affecting the demand for its products and services.

Atkore Inc. manufactures electrical, safety, and infrastructure solutions, serving non-residential construction, renovation, industrial, and residential sectors. The company's core business involves manufacturing and distributing electrical raceway and safety & infrastructure products, including electrical conduit, armored cable, cable trays, metal framing, traffic products, fall protection systems, and sprinklers. Atkore provides solutions for new construction, maintenance, repair, renovation, infrastructure, industrials, power generation, healthcare, data centers, and government, marketing its products under brands like Unistrut and Allied Tube & Conduit.

Atkore's headquarters are in Harvey, Illinois, USA. Its distribution network is primarily in North America, including the United States and Canada. Atkore also has distribution and manufacturing facilities in Australia, New Zealand, the United Kingdom, Belgium, and China. In fiscal year 2020, approximately 89% of Atkore's net sales were to customers in the United States.

Atkore's brand reputation has faced scrutiny due to lawsuits alleging price fixing, claiming coordinated price increases led to higher prices and improved profit margins. Atkore's management maintains that the company's reputation, shipping capabilities, and product quality contributed to its improved margins.

Atkore Inc. is predominantly owned by institutional investors, holding between 94.66% and 97.44% of the company's shares. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., Gates Capital Management, Inc., First Trust Advisors Lp, Harding Loevner Lp, Dimensional Fund Advisors Lp, American Century Companies Inc, and Victory Capital Management Inc. Individual investors and company insiders hold smaller portions of the ownership.