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Dec 30, 2022
Atkore Q1 2023 Earnings Report
Atkore reported a decrease in net sales and net income, but an increase in adjusted net income per diluted share for Q1 2023.
Key Takeaways
Atkore's Q1 2023 results showed a slight decrease in net sales and a decrease in net income, while adjusted net income per diluted share increased. The company is raising its full-year outlook for Adjusted EBITDA and Adjusted EPS.
Net sales decreased by 0.8% year-over-year to $833.8 million.
Net income decreased by $31.4 million year-over-year to $173.5 million.
Adjusted net income per diluted share increased by $0.03 year-over-year to $4.61.
Full-year Adjusted EBITDA outlook increased to $950 - $1,050 million; Full-year Adjusted net income per diluted share outlook increased to $15.85 - $17.75.
Atkore
Atkore
Atkore Revenue by Segment
Revenue by Segment
Electrical Revenue
CapyFin.comSafety & Infrastructure Revenue
CapyFin.com Forward Guidance
The Company is increasing its estimate for fiscal year 2023 Adjusted EBITDA and Adjusted net income per diluted share. The Company estimates Adjusted EBITDA to be approximately $950 million to $1,050 million. Additionally, the Company estimates fiscal year 2023 Adjusted net income per diluted share to be in the range of $15.85 - $17.75.
Revenue & Expenses
Visualization of income flow from segment revenue to net income