Atkore 2025 Q3 Earnings Misses Targets with Net Income Down 65.2%

Atkore (ATKR) reported Q3 2025 earnings on August 6, 2025, with results falling below expectations. The company posted a 65.2% decline in net income year-over-year and cut its EPS by 62.5%. Atkore maintained its full-year Adjusted EBITDA guidance but raised Adjusted EPS forecasts, reflecting cautious optimism amid a challenging environment.

Revenue
Total revenue for Atkore decreased by 10.6% to $735.04 million in the third quarter. The Electrical segment contributed the largest portion of revenue at $521.31 million, while the Safety & Infrastructure segment added $213.74 million. Consolidated operations brought the total to $735.04 million, reflecting a broad decline across business lines.

Earnings/Net Income
Atkore’s earnings per share (EPS) dropped significantly to $1.26 in Q3 2025, a 62.5% decrease from $3.36 in the same period the previous year. The company’s net income also fell sharply to $42.96 million, down 65.2% from $123.42 million. This represents a disappointing performance in terms of profitability.

Price Action
Following the earnings report, Atkore's stock price plummeted 19.44% on the day of the report and fell further by 27.75% during the most recent full trading week. Month-to-date, the stock had declined 24.95%, reflecting investor concerns over the company’s performance.

Post Earnings Price Action Review
A historical strategy of buying Atkore shares following a revenue increase quarter-over-quarter has underperformed significantly over the past three years. The approach yielded a compound annual growth rate (CAGR) of just 0.16% and a total return of 0.47%, far below the 48.58% benchmark. The strategy showed an excess return of -48.12%, indicating substantial underperformance. Although it experienced a maximum drawdown of 0.00%, implying it avoided losses in the backtest period, it was associated with high volatility of 44.58%, reflecting significant price swings.

CEO Commentary
Bill Waltz, Atkore’s President and CEO, noted that the company achieved Net Sales, Adjusted EBITDA, and Adjusted EPS near the top of its previously projected ranges. He highlighted a 2% year-over-year organic volume growth and solid productivity improvements. Waltz also announced his decision to retire and emphasized the company’s commitment to ensuring a smooth transition before appointing a successor.

Guidance
Atkore maintained its full-year Adjusted EBITDA outlook midpoint at $400 million, adjusting the range to $390 million to $410 million. The company also raised its Adjusted net income per diluted share guidance to $6.25–$6.75 and announced a quarterly dividend of $0.33 per share.

Additional News
On July 30, 2025, Atkore’s Board of Directors approved a quarterly dividend of $0.33 per share of common stock. The dividend will be payable on August 29, 2025, to stockholders of record at the close of business on August 15, 2025. While the company did not announce any M&A activity or significant C-level changes in the recent period, the dividend declaration is a key indicator of its financial stability and commitment to shareholder returns.