LegalJun 4, 2026, 06:06 AM
Atkore Settles PVC Pipe Antitrust Lawsuit for $50 Million
AI Summary
Atkore Inc. has entered into a settlement agreement with the third putative class, the End User Plaintiffs, in the ongoing PVC Pipe Antitrust Litigation. The company has agreed to pay $50 million into a settlement fund to resolve all claims, which will be recorded as a non-operating expense in the quarter ending June 26, 2026. Atkore plans to use available cash for the payment, which is not expected to materially impact its liquidity or leverage. The settlement, which does not constitute an admission of fault, is subject to court approval and aims to avoid the costs and risks of protracted litigation.
Key Highlights
- Atkore Inc. settled the PVC Pipe Antitrust Litigation with End User Plaintiffs.
- Agreed to pay an aggregate of $50 million into a settlement fund.
- The settlement will be a non-operating expense in the quarter ending June 26, 2026.
- Company anticipates utilizing available cash on-hand to fund the payment.
- Settlement is not expected to materially affect liquidity or leverage metrics.
- The agreement remains subject to preliminary and final approval by the Court.
- Atkore does not admit any fault or liability in the settlement.
Price Impact
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