Atkore Q1 net sales slightly beat analyst expectations

Atkore

03/02/2026 11:13

Overview

Electrical products maker's fiscal Q1 net sales slightly beat analyst expectations

Adjusted EBITDA for fiscal Q1 decreased, primarily due to lower gross profit

Company divested Tectron mechanical tube product line to focus on core portfolio

Outlook

Company maintains fiscal year 2026 Adjusted EBITDA forecast at $340 to $360 mln

Atkore sees fiscal year 2026 Adjusted net income per share at $5.05 to $5.55

Company notes market conditions may impact fiscal year 2026 financial outlook

Result Drivers

VOLUME GROWTH - Atkore reported increased sales volume of $15.3 mln, partially offsetting the decline in net sales

DIVESTITURE IMPACT - Co divested Tectron mechanical tube product line to focus on core electrical infrastructure

OPERATIONAL IMPROVEMENTS - Safety & Infrastructure segment saw improved operational performance and cost control, boosting adjusted EBITDA

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 sales
Slight Beat*
$655.55 mln
$650.09 mln (6 Analysts)
Q1 Net Income
$15.03 mln
Q1 Gross Profit
$125.93 mln
Q1 Operating income
$20.07 mln
Q1 Pretax Profit
$15.50 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy."

Wall Street's median 12-month price target for Atkore Inc is $64.00, about 8.6% below its February 2 closing price of $70.06

Press Release: ID:nBw27f3kfa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)