Loading...
•
Dec 27, 2019
Atkore Q1 2020 Earnings Report
Atkore's Q1 2020 earnings were announced, demonstrating strong financial results across multiple metrics.
Key Takeaways
Atkore International Group Inc. reported a decrease in net sales by 1.0% to $447.4 million, but net income increased by 29.1% to $34.8 million and Adjusted EBITDA increased by 11.0% to $77.7 million compared to the same quarter last year. The company increased its full-year Adjusted EBITDA and Adjusted net income per diluted share guidance.
Diluted earnings per share increased to $0.71, up $0.17.
Adjusted net income per diluted share increased to $0.94, up $0.20.
Net income increased by $7.8 million to $34.8 million, a 29.1% increase.
Adjusted EBITDA increased by $7.7 million to $77.7 million, an 11.0% increase.
Atkore
Atkore
Forward Guidance
The Company is increasing its expectation of fiscal year 2020 Adjusted EBITDA to be in the range of $340.0 million - $350.0 million and its expectation of fiscal year 2020 Adjusted net income per diluted share to be in the range of $3.95 - $4.05.