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Dec 29, 2023
Atkore Q1 2024 Earnings Report
Atkore's Q1 2024 performance reflected a decrease in net sales and net income compared to the prior year, driven by pricing normalization, partially offset by increased sales volume.
Key Takeaways
Atkore reported a decrease in net sales by 4.2% to $798.5 million and a decrease in net income to $138.4 million for the first quarter of fiscal year 2024. The company is raising its full-year outlook for Adjusted EPS.
Net sales decreased by 4.2% versus prior year to $798.5 million.
Net income per diluted share decreased to $3.61 compared to the prior year.
Adjusted net income per diluted share decreased to $4.12 versus prior year.
The company declared a quarterly cash dividend of $0.32 per share.
Atkore
Atkore
Atkore Revenue by Segment
Revenue by Segment
Electrical Revenue
CapyFin.comSafety & Infrastructure Revenue
CapyFin.com Forward Guidance
The Company is maintaining its estimate for fiscal year 2024 Adjusted EBITDA to be approximately $900 million to $950 million, and increasing its estimate for Adjusted net income per diluted share to be in the range of $16.50 - $17.50.
Revenue & Expenses
Visualization of income flow from segment revenue to net income