Atkore Inc. announced its fiscal 2025 third-quarter results, reporting a decrease in net sales and net income compared to the previous year. Net sales for the quarter ended June 27, 2025, decreased by $84.7 million, or 14.0%, to $521.3 million from $606.0 million in the same period in 2024. This decline was primarily due to decreased average selling prices and the impact of divestitures, partially offset by an increase in sales volume. Net income for the quarter decreased by $80.5 million, or 65.2%, to $43.0 million, compared to $123.4 million in the prior-year period. This decline was mainly attributed to a lower gross profit. Adjusted EBITDA also saw a significant drop, decreasing by $106.2 million, or 51.5%, to $99.9 million from $206.1 million in the prior-year period. Adjusted net income per diluted share fell by $2.17 to $1.63, compared to $3.80 in the same period last year. The company provided guidance for adjusted net income per diluted share for the full year, estimating it to be between $6.25 and $6.75. Additionally, Atkore's President and CEO, Bill Waltz, announced his decision to retire, having recently informed the Board.
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