Atkore Inc.ATKR

Atkore Inc. Earnings Per Share Disclosure

10-KFiled Nov 26, 20252 min read
9. EARNINGS PER SHARE

The Company calculates basic and diluted earnings per common share using the two-class method. Under the two-class method, net earnings are allocated to each class of common stock and participating securities as if all of the net earnings for the period had been distributed. The Company's participating securities consist of share-based payment awards that contain a non-forfeitable right to receive dividends and therefore are considered to participate in undistributed earnings with common stockholders.
 

Basic earnings per common share excludes dilution and is calculated by dividing the net earnings allocable to common stock by the weighted-average number of common stock outstanding for the period. Diluted earnings per common share is calculated by dividing net earnings allocated to common stock by the weighted-average number of shares outstanding for the period, as adjusted for the potential dilutive effect of non-participating share-based awards.

The following table sets forth the computation of basic and diluted earnings per share:
Fiscal Year Ended
(in thousands, except per share data)September 30, 2025September 30, 2024September 30, 2023
Numerator:
Net (loss) income$(15,175)$472,872 $689,899 
Less: Undistributed earnings allocated to participating securities— 6,135 10,637 
Net income available to common shareholders$(15,175)$466,737 $679,262 
Denominator:
Basic weighted average common shares outstanding34,035 36,390 38,797 
Effect of dilutive securities: Non-participating employee stock options (1)— 399 531 
Diluted weighted average common shares outstanding34,035 36,789 39,328 
Basic earnings per share$(0.45)$12.83 $17.51 
Diluted earnings per share$(0.45)$12.69 $17.27 
(1) There were no stock options to purchase shares of common stock outstanding during the years ended September 30, 2025, September 30, 2024, and September 30, 2023, respectively, that would have been anti-dilutive. Any anti-dilutive options available would not be included in the calculation of diluted earnings per share.

Historical Timeline

Fiscal YearFiled
2025Nov 26, 2025Showing above
2024Nov 21, 2024
2023Nov 17, 2023
2022Nov 18, 2022
2021Nov 18, 2021
2020Nov 19, 2020
2019Nov 22, 2019
2018Nov 28, 2018
2017Nov 29, 2017
2016Nov 29, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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