Atkore delivered a strong third quarter for fiscal year 2025, with Net Sales, Adjusted EBITDA, and Adjusted EPS reaching the higher end of their projected ranges. Despite a decrease in net sales and net income compared to the prior year, the company achieved organic volume growth of 2% year-over-year and solid productivity improvements. The Electrical segment saw a significant decrease in sales and Adjusted EBITDA, while the Safety & Infrastructure segment experienced a slight decrease in sales but an increase in Adjusted EBITDA.
Net sales decreased by 10.6% to $735.0 million, primarily due to lower average selling prices.
Net income decreased by 65.2% to $43.0 million, mainly driven by lower gross profit.
Adjusted EBITDA decreased by 51.5% to $99.9 million, also largely due to lower gross profit.
The company maintained the midpoint of its fiscal year 2025 Adjusted EBITDA outlook at approximately $400 million and increased its Adjusted net income per diluted share estimate to $6.25 - $6.75.
Atkore is maintaining the midpoint of its fiscal year 2025 Adjusted EBITDA estimate and increasing its Adjusted net income per diluted share outlook.
Visualization of income flow from segment revenue to net income