Atkore reported a decrease in net sales by 17.1% to $661.6 million and a decrease in net income to $46.3 million, with diluted EPS at $1.31. The results aligned with the company's projections, with net sales from metal framing, cable management, and construction services increasing mid-single digits. The company is adjusting its full-year Adjusted EBITDA outlook to $375 - $425 million and Adjusted net income per diluted share outlook to $5.75 - $6.85.
Net sales decreased by 17.1% year-over-year to $661.6 million.
Net income per diluted share decreased to $1.31, a $2.30 decrease versus prior year.
Adjusted EBITDA decreased by $114.4 million year-over-year to $99.2 million.
Full-year Adjusted EBITDA outlook adjusted to $375 - $425 million; Adjusted net income per diluted share outlook adjusted to $5.75 - $6.85.
The Company is adjusting its estimate for fiscal year 2025 Adjusted EBITDA to be approximately $375 million to $425 million, and adjusting its estimate for Adjusted net income per diluted share to $5.75 - $6.85.
Visualization of income flow from segment revenue to net income