Quarterly ResultMay 5, 2026, 06:09 AM
Atkore Q2 Net Sales $731.4M; Net Loss $(124.1)M
AI Summary
Atkore Inc. announced its fiscal Q2 2026 results, reporting a 4.2% increase in net sales to $731.4 million, but a significant net loss of $124.1 million, up 147.9% year-over-year. Adjusted EBITDA decreased by 30.4% to $81.1 million, and Adjusted net income per diluted share fell by 39.7% to $1.23. The company also completed two divestitures and entered into legal settlement agreements totaling $136.5 million, which impacted the net loss. Atkore's Board approved a quarterly dividend of $0.33 per share, and the company maintained its full-year 2026 Adjusted EBITDA and Adjusted net income per diluted share outlook.
Key Highlights
- Net sales increased 4.2% to $731.4 million for Q2 2026 compared to prior year.
- Net loss significantly increased by 147.9% to $124.1 million for Q2 2026.
- Adjusted EBITDA decreased 30.4% to $81.1 million for Q2 2026.
- Adjusted net income per diluted share decreased 39.7% to $1.23 for Q2 2026.
- Company divested its HDPE Pipe & Conduit business and Vergokan Galva and Coatings business.
- Entered into settlement agreements for $136.5 million in ongoing litigation.
- Board approved a quarterly dividend payment of $0.33 per share.
- Maintained 2026 full-year Adjusted EBITDA outlook of $340 to $360 million and Adjusted net income per diluted share outlook of $5.05 to $5.55.