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Sep 30, 2022
Atkore Q4 2022 Earnings Report
Atkore delivered record results driven by strategic initiatives and acquisitions.
Key Takeaways
Atkore Inc. reported a strong fourth quarter with net sales increasing by 11.4% to $1,029.0 million and net income rising to $220.8 million. The company's performance was driven by higher average selling prices and sales volume, as well as contributions from recent acquisitions. Looking ahead, Atkore anticipates normalization of pricing in fiscal year 2023 but remains confident in its ability to generate strong cash flow and capitalize on future opportunities.
Net income per diluted share increased to $5.18 from $4.26 in the prior year period.
Adjusted net income per diluted share increased to $5.52 from $4.39 in the prior year period.
Net income increased by $18.2 million versus the prior year period to $220.8 million.
Adjusted EBITDA increased by $32.2 million versus the prior year period to $325.1 million.
Revenue by Segment
Forward Guidance
Atkore expects first quarter of fiscal 2023 Adjusted EBITDA to be in the range of $240 - $260 million and Adjusted net income per diluted share to be in the range of $3.85 - $4.20. The company expects fiscal year 2023 Adjusted EBITDA to be in the range of $850-$950 million and Adjusted net income per diluted share to be in the range of $13.10 - $14.90. The company is providing a long-term fiscal 2025 Adjusted net income per diluted share target of greater than $18.00.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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