Atkore Inc. announced its first quarter fiscal year 2026 results, reporting net sales of $655.5 million, a 0.9% decrease from the prior year. Net income fell significantly by 67.6% to $15.0 million, and Adjusted EBITDA decreased by 30.3% to $69.1 million. Despite the overall decline, the company highlighted volume growth and productivity gains, and a strategic divestiture to focus on its core electrical infrastructure portfolio.
Net sales for Q1 2026 were $655.5 million, a 0.9% decrease compared to the prior year.
Net income decreased by $31.3 million, or 67.6%, to $15.0 million for the quarter.
Adjusted EBITDA declined by $30.0 million, or 30.3%, to $69.1 million.
Diluted EPS was $0.44, a decrease of $0.87 from the prior year, while Adjusted diluted EPS was $0.83, down $0.80.
Atkore is maintaining its full-year fiscal 2026 Adjusted EBITDA outlook midpoint at $350 million and Adjusted net income per diluted share midpoint at $5.30.
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