The following discussion of our business contains “forward-looking statements,” as discussed in Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” below. Our business, operations and financial position are subject to various risks as set forth in Part I, Item 1A, “Risk Factors” below. The following information should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations, the Financial Statements and Supplementary Data and related notes and the Risk Factors included elsewhere in this Annual Report on Form 10-K. Company Overview Atkore Inc. (collectively with all its subsidiaries referred to in this Annual Report on Form 10-K as “Atkore,” the “Company,” “we,” “us,” and “our”) was incorporated in the State of Delaware on November 4, 2010. Atkore is the sole stockholder of Atkore International, Inc. (“AII”).
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Plastic Pipe Conduit and Fittings | $893M | $1.48B | $1.25B | $922M | $674M | 24% |
Other Safety & Infrastructure products | $303M | $455M | $476M | $494M | $546M | 19% |
Electrical Cable and Flexible Conduit | $424M | $535M | $507M | $490M | $494M | 17% |
Metal Electrical Conduit and Fittings | $612M | $635M | $529M | $552M | $456M | 16% |
Other Electrical products | $300M | $364M | $387M | $392M | $375M | 13% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.8B | 2.9B | 3.2B | 3.5B | 3.9B | 2.9B |
| Net Income | -46M | -15M | 473M | 690M | 913M | 588M |
| EPS | $-1.32 | $-0.45 | $12.69 | $17.27 | $20.30 | $12.19 |
| Free Cash Flow | 195M | 296M | 399M | 589M | 651M | 508M |
| ROIC | -1.5% | 1.7% | 31.4% | 49.3% | 75.1% | 124.8% |
| Gross Margin | 22.2% | 23.7% | 33.7% | 38.1% | 41.9% | 38.4% |
| Debt/Equity | 0.54 | 0.55 | 0.50 | 0.53 | 0.62 | 0.89 |
| Dividends/Share | $1.31 | $1.31 | $0.92 | $0.00 | - | - |
| Operating Income | -25M | 23M | 625M | 893M | 1.2B | 799M |
| Operating Margin | -0.9% | 0.8% | 19.5% | 25.4% | 31.5% | 27.3% |
| ROE | -3.3% | -1.0% | 30.7% | 47.0% | 73.1% | 68.0% |
| Shares Outstanding | 34M | 34M | 37M | 40M | 45M | 48M |
Atkore Inc. passes 7 of 9 quality checks, indicating strong fundamentals.
On a free-cash-flow basis, the stock trades at 11.9x vs a median of 8.1x. The company's 5-year average ROIC is 56.5% with a gross margin of 35.2%. Total shareholder yield (dividends + buybacks) is 4.1%. At current prices, the estimated annualized return to fair value is +27.4%.
Atkore Inc. (ATKR) has a 5-year average return on invested capital (ROIC) of 56.5%. This indicates strong capital allocation and a potential competitive advantage.
Atkore Inc. (ATKR) has a market capitalization of $2.3B. It is classified as a mid-cap stock.
Yes, Atkore Inc. (ATKR) pays a dividend with a trailing twelve-month yield of 1.90%. The company also returns capital through share buybacks, with a buyback yield of 2.15%.
Atkore Inc. (ATKR) operates in the Miscellaneous Electrical Machinery, Equipment & Supplies industry, within the Technology sector.
Atkore Inc. (ATKR) reported annual revenue of $2.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Atkore Inc. (ATKR) has a net profit margin of -0.5%. The company is currently unprofitable.
Atkore Inc. (ATKR) generated $296 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Atkore Inc. (ATKR) has a debt-to-equity ratio of 0.55. This indicates moderate leverage.
Atkore Inc. (ATKR) reported earnings per share (EPS) of $-0.45 in its most recent fiscal year.
Atkore Inc. (ATKR) has a return on equity (ROE) of -1.0%. A negative ROE may indicate losses or negative equity.
Atkore Inc. (ATKR) has a 5-year average gross margin of 35.2%. This indicates decent pricing power.
The Ledger Terminal provides 12 years of financial data for Atkore Inc. (ATKR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Atkore Inc. (ATKR) has a book value per share of $41.47, based on its most recent annual SEC filing.