Atkore Inc.

Listed Company

ATKRCIK 0001666138NYSELarge AcceleratedMiscellaneous Electrical Machinery, Equipment & SuppliesDelawareFY ends Sep 30

Period

FY 2025

Revenue

$2.85B

Net Income

$-15.18M

Total Assets

$2.85B

Equity

$1.40B

Shares Out

33.75M

Op. Cash Flow

$402.76M

Business

Atkore Inc. is a manufacturer of electrical, safety and infrastructure products serving construction, industrial and OEM customers. It offers conduit, cable, installation accessories, cable management systems, metal framing, mechanical tube, perimeter security and related installation solutions. The company operates through two primary segments: Electrical (conduit, fittings, cable and installation accessories) and Safety & Infrastructure (metal framing, mechanical pipe, construction services and perimeter security). Its products are sold primarily through electrical, industrial and specialty distributors, OEM channels and regional service centers across North America with additional international distribution.

Summary from filing dated 2025-11-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	2,850	3,202	3,519	3,914	2,928
Cost of sales	2,174	2,124	2,179	2,274	1,802
Gross profit	676	1,078	1,340	1,640	1,126
Selling, general and administrative	397	398	388	370	293
Intangible asset amortization	42	56	58	36	34
Asset impairment charges	214	0	0	—	—
Operating income	23	625	893	1,234	799
Interest expense, net	33	36	35	31	33
Loss on extinguishment of debt	795,000	0	0	0	4
Other expense, net	8	2	8	−490,000	−18
(Loss) Income before income taxes	−19	587	850	1,204	780
Income tax (benefit) expense	−3	114	160	290	192
Net (loss) income	−15	473	690	913	588
Basic (in dollars per share)	−0.45	12.83	17.51	20.56	12.38
Diluted (in dollars per share)	−0.45	12.69	17.27	20.3	12.19

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	507	351	388	389	576
Accounts receivable, less allowance for current and expected credit losses of $5,128 and $6,322, respectively	447	490	560	529	525
Inventories, net	485	525	494	455	286
Prepaid expenses and other current assets	162	158	97	81	34
Total current assets	1,601	1,524	1,538	1,453	1,421
Property, plant and equipment, net	594	652	559	390	276
Intangible assets, net	161	340	394	383	241
Goodwill	294	314	311	289	199
Right-of-use assets, net	157	181	121	71	—
Deferred income taxes	36	554,000	546,000	9	30
Other long-term assets	9	9	11	3	2
Total Assets	2,852	3,021	2,935	2,599	2,210
Short-term debt and current maturities of long-term debt	4	0	—	—	—
Accounts payable	241	262	293	244	243
Income tax payable	720,000	2	6	6	73
Accrued compensation and employee benefits	49	45	46	61	57
Customer liabilities	129	109	122	99	80
Lease obligations	27	22	16	14	12
Other current liabilities	74	71	82	78	59
Total current liabilities	525	511	565	502	525
Long-term debt	757	765	763	761	758
Long-term lease obligations	144	164	106	58	30
Deferred income taxes	13	27	22	16	17
Other long-term liabilities	15	15	12	13	15
Total Liabilities	1,454	1,482	1,467	1,349	1,345
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 33,665,258 and 34,859,033 shares issued and outstanding, respectively	338,000	350,000	374,000	415,000	461,000
Additional paid-in capital	527	509	507	500	507
Retained earnings	889	1,049	995	802	389
Accumulated other comprehensive loss	−18	−19	−34	−50	−29
Total Equity	1,398	1,540	1,468	1,250	865
Total Liabilities and Equity	2,852	3,021	2,935	2,599	2,210

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	125	121	116	84	79
Amortization of debt issuance costs and original issue discount	2	2	2	2	2
Deferred income taxes	−48	3	13	3	−43
Provision for losses on accounts receivable and inventory	2	5	5	10	645,000
Stock-based compensation expense	24	20	21	17	17
Amortization of right-of-use assets	35	30	20	14	15
Loss on sale of a business	6	0	0	—	—
Other adjustments to net income	−473,000	−1	7	5	−208,000
Accounts receivable	40	73	−30	18	−220
Inventories	37	−32	−42	−161	−82
Prepaid expenses and other current assets	4	−19	−11	−22	−6
Accounts payable	−8	−38	32	−29	98
Income taxes	−7	−46	−3	−93	80
Accrued and other liabilities	30	−23	10	27	63
Lease assets and liabilities	−32	−26	−20	—	—
Other, net	−6	5	−2	−3	−23
Net cash provided by operating activities	403	549	808	787	573
Capital expenditures	−107	−150	−219	−136	−64
Proceeds from sale of properties, plant and equipment	13	2	123,000	779,000	81,000
Proceeds from insurance claims	2	0	0	0	10
Proceeds from sale of a business	7	0	0	—	—
Acquisitions of businesses, net of cash acquired	0	−6	−83	−308	−43
Net cash used for investing activities	−86	−154	−302	−443	−98
Issuance of common stock, net of taxes withheld	−6	−18	−14	−24	3
Repurchase of common stock	−100	−381	−491	−500	−135
Payments for debt financing costs and fees	−7	0	0	—	−11
Finance lease payments	−3	−2	−1	0	0
Dividends paid to shareholders	−44	−34	0	0	—
Net cash used for financing activities	−160	−435	−507	−524	−184
Effects of foreign exchange rate changes on cash and cash equivalents	−1	4	661,000	−7	1
Increase (decrease) in cash and cash equivalents	155	−37	−637,000	−188	292
Interest paid	37	47	44	31	24
Income taxes paid, net of refunds	−6	66	151	380	155
Capital expenditures, not yet paid	2	13	8	9	1
Acquisitions of businesses, not yet paid	0	0	14	13	0
Operating cash flows from cash paid on operating lease liabilities	21	19	15	13	13
Operating lease right-of-use assets obtained in exchange for lease liabilities	11	73	64	39	14

Filings

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