NYSE$ATKR

Atkore Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Atkore reported record quarterly net income driven by its leading position in PVC electrical conduit and solid volume recovery.

Atkore Inc. announced outstanding earnings for Q4 2021, with triple-digit percentage year-over-year improvements in net income, adjusted EBITDA, diluted EPS, and adjusted EPS. The company's success was attributed to its leading position in PVC electrical conduit, solid volume recovery, and strategic investments in new product innovations and acquisitions.

  • Record quarterly net income in the fourth quarter 2021.
  • Net income per diluted share increased to $4.26 from $1.11.
  • Adjusted net income per diluted share increased to $4.39 from $1.18.
  • Net income increased by $148.3 million to $202.6 million.

Headline financials

Total Revenue

$924M

Previous: $477M+93.5%
EPS (adj)

$4.39

Previous: $1.18+272.0%
Capital Expenditures

$30.2M

Previous: $8.18M+269.6%
Free Cash Flow

$508M

Previous: $215M+136.5%
Net Income

$203M

Previous: $54.2M+273.4%
Operating Income

$266M

Previous: $84.2M+215.7%
Gross Profit

$357M

Previous: $147M+143.0%
Cash & Equivalents

$576M

Previous: $284M+102.6%
Total Assets

$2.21B

Previous: $1.56B+41.8%
Stock-Based Comp

$2.89M

Previous: $3.76M-23.2%

Revenue & EPS history

Atkore · Revenue · Quarterly

$924M

Q4 2021+93.5%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Atkore · $925M total across 2 segments · Q4 2021

  • Electrical
    $697M
  • Safety & Infrastructure
    $227M

Forward guidance

The Company expects the first quarter of fiscal 2022 Adjusted EBITDA to be in the range of $230 - $250 million and Adjusted net income per diluted share to be in the range of $3.30 - $3.60. The Company expects fiscal year 2022 Adjusted EBITDA to be in the range of $650-$700 million and Adjusted net income per diluted share to be in the range of $9.20 - $10.00.

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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