| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 794.80 | 8.7% | 8.1% |
| Total Income | 794.80 | 8.7% | 8.1% |
| Expenditure | 730.81 | 1.4% | 8.9% |
| PBT | -5.56 | 96.5% | 110.1% |
| Net Profit | 0.75 | 100.6% | 98.3% |
| OPM | 8.05% | 6.63pp | 0.63pp |
| NPM | 0.09% | 17.06pp | 5.75pp |
| EPS | 0.02 | 100.5% | 98.4% |
Atkore Announces Q3 2026 Results and Agreement to be Acquired
03 Aug 2026 · 3 Aug, 3:43 pm
Summary
Atkore Inc. reported third quarter fiscal 2026 net sales of $794.8 million, an increase of 8.1% year-over-year, driven by strong organic volume growth. Adjusted EBITDA rose 4.7% to $104.7 million. However, net income decreased significantly to $0.7 million due to a $50.0 million litigation settlement expense. Despite this, adjusted net income per diluted share saw an increase to $1.92. The company also announced a definitive agreement to be acquired by Prysmian S.p.A. in an all-cash transaction.
Key Highlights
- 1
Atkore Inc. announced a definitive agreement to be acquired by Prysmian S.p.A. in an all-cash transaction for $95.00 per share, representing an enterprise value of approximately $3.8 billion.
- 2
Net sales for the third quarter of fiscal 2026 were $794.8 million, an increase of 8.1% compared to the prior year.
- 3
Adjusted EBITDA for the third quarter of fiscal 2026 increased by 4.7% to $104.7 million compared to $99.9 million in the prior-year period.
- 4
Net income for the third quarter of fiscal 2026 was $0.7 million, a decrease of $42.2 million versus the prior year, primarily due to litigation settlement expenses.
- 5
Adjusted net income per diluted share increased by $0.29 to $1.92 for the three months ended June 26, 2026, compared to $1.63 in the prior year period.
- 6
The Company's Board of Directors approved a quarterly dividend payment of $0.33 per share of common stock.
Management Comments
Bill Waltz
We were pleased with our third quarter results. Our Net sales, Adjusted EBITDA and Adjusted EPS were all higher versus the prior year and they were sequentially higher from our second quarter. Our net sales reflected strong organic volume growth from both our segments. We are pleased to have entered into an agreement to be acquired by Prysmian in an all-cash transaction that delivers value to Atkore shareholders. Our solid quarterly results and today’s transaction are a testament to our team’s focus and dedication.
Informational and educational content only. Not investment advice.