AcquisitionsAug 3, 2026, 06:13 AM
Atkore to be Acquired by Prysmian for $3.8B; Q3 Net Sales $794.8M
AI Summary
Atkore Inc. announced it has entered into a definitive agreement to be acquired by Prysmian S.p.A. for $95.00 per share in an all-cash transaction, valuing the company at approximately $3.8 billion. Concurrently, Atkore reported its fiscal 2026 third-quarter results, with net sales increasing 8.1% to $794.8 million and Adjusted EBITDA growing 4.7% to $104.7 million. While adjusted diluted EPS rose to $1.92, GAAP diluted EPS significantly decreased to $0.02, primarily due to a $50.0 million litigation settlement expense. The Board also approved a quarterly dividend of $0.33 per share.
Key Highlights
- Atkore to be acquired by Prysmian S.p.A. for $95.00 per share in an all-cash transaction.
- The acquisition represents an enterprise value of approximately $3.8 billion.
- Net sales increased 8.1% to $794.8 million compared to the prior year.
- Net income per diluted share was $0.02, a decrease of $1.23 versus prior year.
- Adjusted net income per diluted share increased to $1.92, up $0.29 versus prior year.
- Adjusted EBITDA rose 4.7% to $104.7 million.
- The company incurred a $50.0 million litigation settlement expense.
- Board approved a quarterly dividend of $0.33 per share.
Price Impact
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