Loading...
•
Jun 24, 2022
Atkore Q3 2022 Earnings Report
Atkore experienced year-over-year earnings growth and margin expansion in both Electrical and Safety & Infrastructure segments.
Key Takeaways
Atkore Inc. reported a net sales increase of 24.4% to $1,061.6 million and a net income increase of 45.1% to $254.3 million for the third quarter of fiscal year 2022. The company updates its full-year outlook for Adjusted EBITDA to be in the range of $1,322 million to $1,342 million, and Adjusted net income per diluted share to be in the range of $20.89 - $21.24.
Net sales increased by 24.4% versus prior year.
Net income per diluted share increased to $5.74 versus prior year.
Net income increased by $79.0 million versus prior year to $254.3 million.
Full-year Net sales expected to be up approximately 32 percent compared to fiscal year 2021.
Atkore
Atkore
Atkore Revenue by Segment
Revenue by Segment
Electrical Revenue
CapyFin.comSafety & Infrastructure Revenue
CapyFin.com Forward Guidance
The Company expects Net Sales to be up approximately 32 percent versus fiscal year 2021. The Company expects Adjusted EBITDA to be in the range of $1,322 million to $1,342 million, and Adjusted net income per diluted share to be in the range of $20.89 - $21.24.
Revenue & Expenses
Visualization of income flow from segment revenue to net income