Atkore Inc is a leading manufacturer and distributor of electrical, mechanical, and building products
The company specializes in providing innovative solutions for electrical and plumbing infrastructure, including conduit and fittings, cable management systems, and HVAC products. With a focus on quality and safety, Atkore serves a variety of industries, including construction, commercial, and industrial markets. Through its extensive network of facilities and a commitment to sustainability, Atkore aims to deliver high-performance products that meet the evolving needs of its customers.
Shares of electrical safety company Atkore (NYSEATKR) fell 19.3% in the afternoon session after the company reported weak fourth quarter results. Its full-year EBITDA guidance missed significantly, and its revenue fell short of Wall Street's estimates as both prices and volumes weakened. On the other hand, it was encouraging to see Atkore beat analysts' EPS expectations this quarter. Overall, this was a weaker quarter.
Electrical safety company Atkore (NYSEATKR) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 17.1% year on year to $661.6 million. Its non-GAAP profit of $1.63 per share was 4.9% above analysts’ consensus estimates.
U.S. stocks advanced midday Tuesday, demonstrating resilience despite escalating geopolitical tensions and trade uncertainties between the world’s two largest economies.
Atkore has gotten torched over the last six months - since June 2024, its stock price has dropped 36.1% to $83.21 per share. This might have investors contemplating their next move.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electrical systems stocks fared in Q3, starting with Atkore (NYSEATKR).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Acuity Brands (NYSEAYI) and the rest of the electrical systems stocks fared in Q3.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electrical systems stocks fared in Q3, starting with Methode Electronics (NYSEMEI).
