NYSE$ATKR
Atkore Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Atkore's Q2 2024 financial performance reflected solid results, with net sales meeting projections and adjusted EBITDA and adjusted diluted EPS exceeding expectations.
Atkore reported a decrease in net sales by 11.5% to $792.9 million compared to the prior year. Net income decreased by 20.8% to $138.0 million, and adjusted EBITDA decreased by 23.2% to $211.9 million. The company is adjusting its full-year outlook for Adjusted EBITDA to $850 - $900 million and Adjusted net income per diluted share to $16.00 - $17.00.
- Net sales decreased by 11.5% year-over-year to $792.9 million.
- Net income decreased by $36.2 million year-over-year to $138.0 million.
- Adjusted EBITDA decreased by $64.1 million year-over-year to $211.9 million.
- Adjusted full-year outlook for EBITDA and diluted EPS was adjusted due to factors impacting HDPE and solar-related initiatives.
Headline financials
Revenue & EPS history
Atkore · Revenue · Quarterly
$793M
Revenue by segment
Atkore · $870M total across 2 segments · Q4 2023
- Electrical$650M-18.3%74.7%
- Safety & Infrastructure$220M-5.8%25.3%
Forward guidance
The Company is adjusting its estimate for fiscal year 2024 Adjusted EBITDA to be approximately $850 million to $900 million, and adjusting its estimate for Adjusted net income per diluted share to $16.00 - $17.00.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+2.2%
Avg return
Earnings day
+3.0%
Avg return
5 days after
+6.1%
Avg return
30 days after
65%
30 / 46 earnings
Positive
+18.0%
Q2 2022
Best reaction
-19.6%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +5.9% | +1.4% | +15.8% | |
| Q1 2026 | -0.8% | -2.5% | -9.2% | |
| Q4 2025 | -12.5% | -2.1% | -3.6% | |
| Q2 2025 | -2.2% | +1.6% | -0.6% | |
| Q1 2025 | -19.6% | -17.9% | -18.8% | |
| Q4 2024 | +6.6% | +12.8% | -0.9% | |
| Q3 2024 | -18.6% | -19.9% | -28.4% | |
| Q2 2024 | -10.6% | -11.4% | -19.7% | |
| Q1 2024 | -2.6% | -6.2% | +13.1% | |
| Q4 2023 | -3.7% | -3.2% | +16.1% | |
| Q3 2023 | +0.9% | +0.1% | +2.3% | |
| Q2 2023 | -3.7% | -2.8% | +8.7% | |
| Q1 2023 | +8.3% | +11.0% | +17.5% | |
| Q4 2022 | +16.4% | +18.3% | +16.2% | |
| Q3 2022 | -9.0% | -10.6% | -12.7% | |
| Q2 2022 | +18.0% | +19.7% | +16.7% | |
| Q1 2022 | +10.0% | +4.4% | +8.8% | |
| Q4 2021 | +8.4% | +6.9% | +1.3% | |
| Q3 2021 | +13.0% | +16.0% | +24.5% | |
| Q2 2021 | +1.8% | +9.5% | +0.4% | |
| Q1 2021 | +17.1% | +27.0% | +47.8% | |
| Q4 2020 | +9.5% | +24.5% | +36.2% | |
| Q3 2020 | +3.7% | +10.1% | -3.7% | |
| Q2 2020 | -4.6% | +4.2% | +26.6% | |
| Q1 2020 | +5.3% | +3.1% | -6.9% | |
| Q4 2019 | +11.8% | +12.5% | +9.1% | |
| Q3 2019 | +14.7% | +11.5% | +11.4% | |
| Q2 2019 | +1.8% | +2.1% | -2.9% | |
| Q1 2019 | +1.1% | -2.8% | -8.0% | |
| Q4 2018 | +15.3% | +14.4% | +9.9% | |
| Q3 2018 | +17.5% | +11.1% | +20.4% | |
| Q2 2018 | +4.5% | +15.5% | +23.5% | |
| Q1 2018 | -1.0% | -1.2% | -6.4% | |
| Q4 2017 | +6.3% | +5.7% | +7.2% | |
| Q3 2017 | -14.1% | -14.3% | -15.0% | |
| Q2 2017 | -13.0% | -16.4% | -16.1% | |
| Q1 2016 | -0.3% | -0.5% | -4.8% | |
| Q1 2017 | -0.3% | -0.5% | -4.8% | |
| Q4 2016 | +0.2% | -3.5% | +11.8% | |
| Q2 2015 | +0.2% | -3.5% | +11.8% | |
| Q2 2016 | +0.2% | -3.5% | +11.8% | |
| Q1 2015 | +0.2% | -3.5% | +11.8% | |
| Q4 2014 | +0.2% | -3.5% | +11.8% | |
| Q3 2015 | +5.6% | +8.7% | +17.3% | |
| Q4 2015 | +5.6% | +8.7% | +17.3% | |
| Q3 2016 | +5.6% | +8.7% | +17.3% | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2012 | — | — | — |
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