Q1 2026 Atkore Inc Earnings Call Transcript
Key Points
- Atkore Inc (ATKR) achieved net sales of $656 million and adjusted EBITDA of $69 million, both above the company's outlook range.
- The company reported $0.83 of adjusted EPS, surpassing the top end of their outlook range.
- Organic volume increased by 2% in the first quarter, driven by strong performance in the Electrical segment.
- Atkore Inc (ATKR) generated over $30 million in productivity savings year-over-year.
- The company completed the divestiture of its Tectron mechanical tube product line, enhancing focus on the electrical infrastructure portfolio.
- Average selling prices declined by 3% during the quarter, primarily due to lower prices for PVC conduit products.
- Adjusted EPS decreased from $1.63 in the prior year to $0.83 in the current quarter.
- The company's tax rate decreased to 3% from 21% in the prior year, reflecting a one-time discrete benefit.
- Net sales in the S&I segment were lower compared to the previous year, primarily due to lower volume.
- The company is facing ongoing import competition in the PVC market, which continues to impact pricing.
Good morning. My name is Carly, and I will be your conference operator today. At this time, I would like to welcome everyone to Atkore's first quarter fiscal year 2026 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. You may begin.
Thank you, and good morning, everyone. I'm joined today by Bill Waltz, President and CEO; and 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.
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