Atkore Inc. announced its second quarter 2025 financial results, reporting net sales of $701.7 million, a decrease of 11.5% compared to the previous year. The Electrical segment experienced a net sales decline of $98.1 million, or 16.6%, reaching $492.7 million. The decrease was mainly due to reduced average selling prices, which dropped by $115.5 million, partially offset by an increase in sales volume of $21.5 million. The company recorded a net loss of $50.1 million, a significant decline from the net income of $138.0 million in the same period last year. This decline is attributed to a non-cash asset impairment charge of $127.7 million. Adjusted EBITDA was reported at $116.4 million, down $95.5 million from the previous year. Despite the challenges, the Safety & Infrastructure segment saw an increase in net sales by $6.9 million, or 3.4%, amounting to $209.3 million. This segment's Adjusted EBITDA rose by $10.5 million, or 41.3%, reaching $36.1 million, largely due to better-than-expected margins in the construction business. Looking ahead, Atkore is maintaining its full-year outlook, expecting Adjusted EBITDA to range between $375 million and $425 million and Adjusted net income per diluted share to be between $5.75 and $6.85. Additionally, the Board of Directors declared a quarterly cash dividend of $0.33 per share, payable on May 28, 2025, to stockholders of record as of May 16, 2025.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.