Electrical products maker Atkore's Q3 sales miss estimates; CEO to retire

Atkore

05/08/2025 11:09

Overview

Atkore fiscal Q3 net sales fell 10.6%, missing analyst expectations

Adjusted EPS decreased to $1.63, reflecting lower net income

CEO Bill Waltz announces retirement, plans to lead until successor appointed

Outlook

Atkore maintains full-year Adjusted EBITDA midpoint at $400 mln

Company increases full-year Adjusted EPS estimate to $6.25-$6.75

Result Drivers

SELLING PRICE DECLINE - Net sales decreased due to lower average selling prices, impacting gross profit

DIVESTITURES - Fiscal 2025 divestitures contributed to reduced net sales

PRODUCTIVITY IMPROVEMENTS - Co achieved solid productivity improvements, per CEO Bill Waltz

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 sales
Miss
$735.04 mln
$737 mln (6 Analysts)
Q3 Net Income
$42.96 mln
Q3 Gross Profit
$172.06 mln
Q3 Operating income
$63.81 mln
Q3 Pretax Profit
$55.09 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $80.00, about 4.3% above its August 4 closing price of $76.55

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw1FccjSa

(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.)