Atkore Q2 sales rise 4%, beat analyst estimates

Atkore

05/05/2026 11:07

Overview

U.S. electrical products maker's fiscal Q2 sales rose 4%, beating analyst expectations

Adjusted net income per diluted share fell year-over-year

Company completed HDPE and Belgian coatings business divestitures, entered $136.5 mln litigation settlements

Outlook

Atkore maintains 2026 full-year Adjusted EBITDA outlook of $340 to $360 mln

Company maintains 2026 full-year Adjusted net income per diluted share outlook of $5.05 to $5.55

Company says outlook may vary due to changes in assumptions or market conditions

Result Drivers

SALES VOLUME AND PRICING - Higher sales volume, increased average selling prices, and foreign exchange benefits drove net sales growth, partly offset by divestitures

INPUT COSTS - Gross profit and margins declined as input cost increases outpaced gains in average selling prices

LITIGATION SETTLEMENT - Net income was negatively affected by a $136.5 mln litigation settlement expense recognized in the quarter

Company press release: ID:nBwcbl8bga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 sales
Beat
$731.38 mln
$708.87 mln (3 Analysts)
Q2 Net Income
-$124.07 mln
Q2 Gross Profit
$136.12 mln
Q2 Operating income
$10.37 mln
Q2 Pretax Profit
-$158.73 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "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 $74.00, about 0.4% below its May 4 closing price of $73.67

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)