How did Atkore's revenue and expenses trend in Q1 2025?

Atkore's revenue and expenses in Q1 2025 showed a decline in revenue and significant decrease in gross profit, while R&D and SGA expenses were not available. 1. **Revenue Trend**: Atkore's net sales decreased by 17.1% to $661.6 million in Q1 2025 compared to the same period last year. This decline was due to lower average selling prices and sales volume, which impacted the company's financial performance. 2. **Gross Margin Trend**: The gross profit fell by 41.1%, resulting in a significant decrease in gross margin. The gross margin declined to 7.0% from 17% in Q1 2024, primarily driven by the revenue decrease. This indicates a challenging market environment and operational pressures. 3. **R&D and SGA Expenses Trend**: There was no available data on the trend of R&D and SGA expenses in Q1 2025. However, the company's focus on strategic initiatives and investments in growth areas, such as water and global construction services, suggests that these expenses might be maintained or increased to support future growth. In summary, Atkore experienced a decline in revenue and gross margin in Q1 2025, while the trend of R&D and SGA expenses is unclear but likely supported the company's strategic initiatives.