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Dec 24, 2021
Atkore Q1 2022 Earnings Report
Atkore's Q1 2022 performance reflected record results, driven by team commitment and execution of the Atkore Business System, leading to margin expansion across segments.
Key Takeaways
Atkore Inc. reported a significant increase in net sales, net income, and adjusted EBITDA for its fiscal 2022 first quarter. Net sales reached $840.8 million, a 64.5% increase compared to the prior year. Net income rose to $204.8 million, and adjusted EBITDA increased to $293.0 million.
Net sales increased by 64.5% to $840.8 million compared to the prior year.
Net income per diluted share increased to $4.32, up from $1.75 in the prior year.
Adjusted EBITDA increased by 113.9% to $293.0 million compared to the prior year.
Full-year outlook for Adjusted EBITDA increased to $875 million - $925 million.
Revenue by Segment
Forward Guidance
Atkore is increasing its outlook for Adjusted EBITDA and Adjusted net income per diluted share for fiscal year 2022. The Company continues to expect Net Sales to be up approximately mid-single digit percentages versus fiscal year 2021.
Positive Outlook
- Net Sales to be up approximately mid-single digit percentages versus fiscal year 2021.
- Adjusted EBITDA to be in the range of $875 million to $925 million.
- Adjusted net income per diluted share to be in the range of $12.80 - $13.60.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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