Quarterly ResultAug 4, 2026, 06:07 AM
Atkore Reports Q3 Net Income $0.7M, EPS $0.02; $50M Litigation Charge
AI Summary
Atkore Inc. reported a significant decline in net income for the third quarter of fiscal 2026, with net income falling to $0.7 million, or $0.02 diluted EPS, compared to $43.0 million, or $1.25 diluted EPS, in the prior year. This was primarily due to a $50.0 million litigation settlement expense. For the nine months, the company posted a net loss of $108.3 million, or $(3.19) diluted EPS, largely impacted by $186.5 million in litigation settlement expenses and losses from divestitures. The company also recognized restructuring charges and completed several divestments during the period.
Key Highlights
- Q3 2026 net income decreased to $0.7 million from $43.0 million year-over-year.
- Q3 2026 diluted EPS was $0.02, down from $1.25 in the prior year.
- Nine-month net loss was $108.3 million, compared to $39.2 million net income year-over-year.
- Nine-month diluted EPS was $(3.19), down from $1.14 in the prior year.
- Litigation settlement expense totaled $50.0 million in Q3 and $186.5 million for nine months.
- Net sales for Q3 increased to $794.8 million from $735.0 million year-over-year.
- Net sales for nine months increased to $2,181.7 million from $2,098.4 million year-over-year.
- Restructuring charges, net, were $2.9 million in Q3 and $8.6 million for nine months.
Price Impact
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