Atkore Q1 Revenue $655.5M Exceeds Expectations
Reports Q1 revenue $655.5M, consensus $649.75M. "Atkore's first quarter results were above our expectations in several areas of the business," said Bill Waltz, Atkore President and Chief Executive Officer. "We are pleased to highlight that our results include both volume growth and productivity gains. In addition, during the quarter we divested our Tectron mechanical tube product line which is another action taken as part of our broader review of strategic alternatives. This divestiture helps Atkore focus on its core electrical infrastructure portfolio." Waltz continued, "We also recently published our 2025 Sustainability Report highlighting our progress and activities related to environmental health and safety, and employee engagement. We are pleased with what we've been able to accomplish across a variety of key areas including the achievement of our Company goals."
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- Conference Schedule: Atkore will participate in Citi's Global Industrial Tech and Mobility Conference on February 18, 2026, with CEO Bill Waltz and CFO John Deitzer engaging in investor meetings and a live Q&A session, enhancing investor relations.
- Webcast Availability: The live event will be accessible via a webcast link on Atkore's Investor Relations site, with a replay available until February 17, 2027, ensuring that investors unable to attend live can still access the information, thereby increasing transparency.
- Subsequent Meetings: Atkore is also set to attend Loop Capital Markets' 7th Annual Investor Conference on March 10, 2026, with COO John Pregenzer and VP Matt Kline participating, further expanding communication with investors.
- Financial Performance: With $2.9 billion in sales and 5,400 employees in fiscal year 2025, Atkore demonstrates its leadership in electrical product manufacturing, and future meetings will continue to share updates on company developments.
- Price Range Analysis: ATKR's 52-week low is $49.92 and high is $80.06, with the last trade at $65.90, indicating the stock is fluctuating within a cautious mid-range, reflecting market sentiment about its future performance.
- Technical Indicator Focus: The stock has fallen below its 200-day moving average, which may suggest increased selling pressure in the short term, prompting investors to monitor subsequent trends to assess potential risks.
- Market Sentiment Assessment: The current price is down 18% from its 52-week high, indicating a weakening market confidence in ATKR, which could affect its future investment appeal.
- Dividend Stock Dynamics: ATKR is mentioned alongside nine other dividend stocks, highlighting market interest in high-dividend equities, which may influence investors' asset allocation strategies.
- Strong Performance: Atkore achieved net sales of $656 million and adjusted EBITDA of $69 million in Q1 2026, both exceeding expectations, with adjusted EPS at $0.83, reflecting robust performance in the electrical segment.
- Strategic Divestiture: The company completed the divestiture of its Tectron mechanical tube product line and manufacturing facility, with plans to exit three manufacturing facilities in Q2, aligning with its 80/20 initiative to optimize resource allocation and focus on electrical markets.
- Significant Tax Rate Drop: The first quarter tax rate fell to 3%, down from 21% last year, reflecting a one-time discrete benefit from tax planning related to foreign operations, enhancing the company's financial flexibility.
- Maintained Full-Year Outlook: Atkore reaffirmed its full-year 2026 net sales guidance of $2.95 billion to $3.05 billion and adjusted EBITDA guidance of $340 million to $360 million, with expectations for mid-single-digit volume growth primarily driven by core construction and strategic growth initiatives like solar and global construction services.
- Sustainability Goals: Atkore's 2025 Sustainability Report showcases achievements against its five-year goals, emphasizing the company's commitment to sustainable business practices, which is expected to enhance its market image and customer trust.
- Environmental Product Declarations: The report highlights the issuance of additional Environmental Product Declarations (EPDs), which will improve product transparency and meet customer demand for eco-friendly products, potentially driving sales growth.
- Employer of Choice Awards: Atkore received multiple Employer of Choice awards, which not only enhances the company's attractiveness in the talent market but may also reduce employee turnover and strengthen team stability.
- Financial Performance: In fiscal year 2025, Atkore achieved $2.9 billion in sales with 5,400 employees, demonstrating strong growth potential in the electrical product manufacturing sector, supporting its sustainability strategy.
- Earnings Beat: Atkore reported a Q1 non-GAAP EPS of $0.83, exceeding expectations by $0.20, indicating strong profitability despite a 0.9% year-over-year revenue decline.
- Revenue Performance: The company achieved revenues of $655.5 million in Q1, surpassing market expectations by $5.75 million, demonstrating resilience in maintaining sales amid market challenges.
- Adjusted EBITDA Decline: Adjusted EBITDA decreased by $30 million year-over-year to $69.1 million, reflecting cost pressures and changes in market conditions that may impact future profitability.
- Stable Full-Year Outlook: Atkore maintains its fiscal year 2026 adjusted EBITDA guidance in the range of $340 to $360 million and adjusted net income per diluted share guidance of $5.05 to $5.55, showcasing management's confidence in future performance.








