Atkore Shares Slump After Lower 3Q Revenue, CEO Exit

Dow Jones

Aug 06

By Natalie Weger

Atkore shares slumped after the company reported lower third-quarter revenue and said its chief executive plans to retire.

Shares were down 26% at $56.72 on Tuesday. The stock is down 32% this year.

The maker of electrical products posted net sales of $735 million, down 11% from last year's comparable quarter. Analysts polled by FactSet expected $736.4 million.

Atkore said Chief Executive William Waltz plans to retire. He joined the company in 2013 and has been CEO since 2018. The company's board is working to identify a new CEO.

Atkore reported a narrowed profit of $43 million, or $1.25 a share, in the quarter ended June 27, compared with $123.4 million, or $3.33 a share, last year.

Adjusted per-share earnings were $1.63, above analyst expectations of $1.58.

Write to Natalie Weger at natalie.weger@wsj.com

(END) Dow Jones Newswires

August 05, 2025 13:25 ET (17:25 GMT)

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