Q3 2025 Atkore Inc Earnings Call Transcript
Key Points
- Atkore Inc (ATKR) delivered strong third-quarter performance with net sales of $735 million, achieving adjusted EBITDA and EPS toward the top end of their guidance ranges.
- The company experienced 2% organic volume growth, supported by productivity gains, particularly in the S&I segment.
- Sequential pricing improvement was observed in steel conduit products for the second consecutive quarter.
- Atkore Inc (ATKR) is maintaining its full-year adjusted EBITDA midpoint of $400 million and has raised the midpoint of its adjusted EPS to $6.50, reflecting improved visibility and stronger earnings leverage.
- The company has a strong balance sheet with no maturity repayments required until 2028 and a net leverage ratio of approximately 1 times.
- Year-over-year declines in average selling prices were in line with expectations, with a 12% decline primarily driven by PVC conduit products.
- Pricing has not kept pace with raw material cost increases, particularly with copper, which has seen cost volatility.
- Tariffs are influencing input costs, market pricing dynamics, and broader demand patterns, introducing complexity.
- The company anticipates several headwinds into FY26, including the expected year-over-year impact from lower selling prices and broader tariff effects.
- Adjusted EBITDA margins compressed year-over-year in the Electrical segment due to pricing declines related to PVC and steel conduit products.
Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Atkore's third quarter fiscal year 2025 earnings conference call.
(Operator Instructions). As a reminder, this conference is being recorded. Thank you.
I would now like to turn the conference over to your host, Matt Kline, Vice President of Treasury and Investor Relations. Thank you. You may begin.
Thank you, and good morning, everyone. I'm joined today by Bill Waltz, President and CEO; John Deitzer, Chief Financial Officer; and John Pregenzer, Chief Operating Officer and President of Electrical. We will take questions at the conclusion of the call.
I would like to remind everyone that during this call, we may make projections or forward-looking statements regarding future events or financial performance of the company. Such statements involve risks and uncertainties such that actual results may differ materially. Please refer to our SEC filings and today
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