Atkore sees Q2 revenue $695M-$705M, consensus $690.8M

The company states: “On April 15, 2025, the Company concluded that an impairment exists for certain long-lived assets related to its HDPE pipe and conduit products, primarily definite-lived intangible assets and fixed assets. This impairment was triggered by the emergence in Q2 of a competing technology for federal stimulus funding, an acceleration of constraints on public spending and adverse market-related conditions during the second quarter, which include delays in the deployment of government stimulus funding for nationwide broadband infrastructure investments, in combination with the Company’s forward-looking cash flow projections. The Company expects to record a pre-tax non-cash impairment charge of approximately $121 million to $162 million in its second quarter results. This charge is not expected to result in future cash expenditures.”