Atkore International Group (ATKR) AI Stock Analysis

• Market Cap: $1.87B
• Dividend Yield: 2.02%
• Average Volume (3M): 300.14K
• Price to Earnings (P/E): 36.1
• Beta (1Y): 1.30
• Revenue Growth: -10.98%
• EPS Growth: -103.99%
• Country: US
• Employees: 5,264
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.83
• Shares Outstanding: 33,750,640
• 10 Day Avg. Volume: 338,366
• 30 Day Avg. Volume: 300,140
• PEG Ratio: 1.36
• Price to Book (P/B): 1.53
• Price to Sales (P/S): 0.75
• P/FCF Ratio: 7.22
• Enterprise Value/Market Cap: 1.26
• Enterprise Value/Revenue: 0.83
• Enterprise Value/Gross Profit: 3.92
• Enterprise Value/Ebitda: 18.47
• 1Y Price Target: $74.00
• Price Target Upside: 33.82% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): 5.24
• Revenue Forecast (FY): $2.99B

• Rating: 55 Neutral
• Price Target: $57.00 ▲(3.07% Upside)
• Action: Reiterated Date: 02/03/26
• Date: Action: Reiterated 02/03/26

The score is held back primarily by sharply weaker financial performance (declining revenue, major margin compression, and recent losses), partially cushioned by positive free cash flow and manageable leverage. Technicals are moderately supportive with price above key moving averages and positive MACD. Valuation is constrained by a negative P/E despite a modest dividend yield, while the earnings call adds moderate support via reaffirmed guidance and operational productivity amid ongoing near-term pricing and margin pressures.

Positive Factors

Cash generation

Sustained positive operating and free cash flow provides durable financial flexibility despite reported losses. Positive cash conversion funds capex, dividends and restructuring, supports deleveraging or opportunistic M&A, and cushions the business through cyclical construction demand swings.

Manageable leverage

A moderate debt-to-equity ratio and sizeable equity base indicate a stable capital structure, lowering refinancing pressure and preserving strategic optionality. This balance-sheet cushioning helps sustain investment in plants and modernization while absorbing temporary earnings weakness.

Portfolio focus & productivity

The Tectron divestiture, plant exits and >$30M of run-rate productivity show active portfolio pruning and cost-structure improvement. Sharper focus on electrical infrastructure and capacity reallocation are structural moves that can raise long-term margins and returns if sustained.

Negative Factors

Revenue & margin decline

A pronounced revenue drop and steep gross-margin compression signal weakening pricing power and adverse mix. Such structural erosion undermines sustainable profitability, reduces reinvestment capacity, and makes earnings recovery dependent on durable price/cost improvements or persistent mix shifts.

Input-cost & tariff volatility

Material commodity swings and elevated tariff risk create ongoing margin volatility for a manufacturer reliant on metals and resins. Persistent input-cost shocks force frequent price resets, complicate contracting, and can erode margins even if volumes recover, pressuring long-term earnings stability.

PVC pricing & import competition

Structural competitive pressure in PVC conduit, including lower ASPs and rising imports, constrains pricing power in a key product line. If import penetration and PVC price weakness persist, volume gains may fail to restore spreads, limiting durable margin and return improvements.

Atkore International Group Business Overview & Revenue Model

Company Description

Atkore Inc. manufactures and sells electrical, safety, and infrastructure products in the United States and internationally. The company offers electrical products, including conduits cables, and installation accessories. It also provides safety and infrastructure solutions, such as metal framing, mechanical pipe, perimeter security, and cable management. The company offers its products under the Allied Tube & Conduit, AFC Cable Systems, Kaf-Tech, Heritage Plastics, Unistrut, Power-Strut, Cope, US Tray, FRE Composites, Calbond, and Calpipe brands. It serves a group of end markets, including new construction; maintenance, repair, and remodel, as well as infrastructure; diversified industrials; alternative power generation; healthcare; data centers; and government through electrical, industrial, and mechanical contractors, as well as original equipment manufacturers. The company was formerly known as Atkore International Group Inc. and changed its name to Atkore Inc. in February 2021. Atkore Inc. was founded in 1959 and is headquartered in Harvey, Illinois.

How the Company Makes Money

Atkore makes money by manufacturing and selling electrical and infrastructure products, with revenue primarily generated from product sales (rather than subscriptions or services). Its key revenue streams typically include: (1) Electrical conduit, fittings, and related raceway products (e.g., steel/PVC conduit systems and accessories) sold for routing and protecting electrical wiring in construction and industrial projects; (2) Cable management solutions (e.g., trays, supports, strut systems, and installation accessories) used to organize and support electrical and data cabling; (3) Mechanical pipe, tube, and fittings used in plumbing, fire protection, HVAC, and industrial mechanical applications; and (4) Safety and infrastructure-related components and accessories that complement its core electrical/mechanical offerings. The company generally sells through multiple channels, including electrical and industrial distribution, as well as direct sales to contractors, OEMs, and large projects, with demand influenced by non-residential construction activity, infrastructure investment, industrial production, and utility project cycles. Profitability is driven by volume, product mix, manufacturing utilization and cost control, and the spread between input costs (e.g., steel/resin) and selling prices. Specific details on any significant partnerships contributing to earnings: null.

Atkore International Group Financial Statement Overview

Summary

Income statement weakness is the key drag: TTM revenue fell ~21% and profitability deteriorated from strong prior-year margins to a slight net loss, with gross margin dropping materially. Offsetting this, leverage looks manageable and cash flow remains positive (TTM FCF ~$197M), though both have weakened versus prior years.

Income Statement

Results have deteriorated sharply versus prior years. Revenue is down in TTM (Trailing-Twelve-Months) (-21.2%) and the business swung from strong profitability in FY2022–FY2024 (net margins ~14.8%–23.3%) to a net loss in TTM (net margin ~-0.5%) and FY2025 (annual net margin ~-0.5%). Profitability compression is also evident with gross margin falling to ~22% in TTM from ~32% in FY2024 and ~38%–42% in FY2022–FY2023, signaling weaker pricing and/or volume mix. The main positive is that the company is still producing positive operating earnings in TTM, but margins are dramatically lower than the prior cycle peak.

Balance Sheet

Leverage appears manageable with debt-to-equity around ~0.60–0.66 across FY2022–TTM, and equity remains sizeable (~$1.4B) relative to total assets (~$2.8B). However, profitability-driven balance sheet strength has weakened: return on equity turned negative in TTM and FY2025 after being very strong in FY2022–FY2024, reflecting the earnings downturn. Overall, the capital structure looks stable, but the key risk is that continued earnings pressure could reduce financial flexibility over time.

Cash Flow

Cash generation remains a relative strength: TTM operating cash flow (~$275M) and free cash flow (~$197M) are positive despite net losses, indicating decent cash conversion. That said, cash flow is trending down materially—TTM free cash flow growth is sharply negative (about -33.7%) and operating cash flow has fallen from prior years (FY2023–FY2024 were meaningfully higher). In addition, operating cash flow covers less than the full level of net income in recent periods (coverage below 1x in TTM and FY2025), pointing to weaker underlying earnings quality versus the stronger FY2022–FY2024 period.

Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	2.84B	2.85B	3.20B	3.52B	3.91B	2.93B
Gross Profit	600.63M	634.17M	1.02B	1.28B	1.60B	1.09B
EBITDA	127.40M	174.52M	774.03M	1.02B	1.33B	905.97M
Net Income	-46.52M	-15.18M	472.87M	689.90M	913.43M	587.86M
Balance Sheet
Total Assets	2.79B	2.85B	3.02B	2.94B	2.60B	2.21B
Cash, Cash Equivalents and Short-Term Investments	443.77M	506.70M	351.38M	388.11M	388.75M	576.29M
Total Debt	926.01M	931.82M	951.20M	890.76M	832.30M	800.41M
Total Liabilities	1.38B	1.45B	1.48B	1.47B	1.35B	1.35B
Stockholders Equity	1.41B	1.40B	1.54B	1.47B	1.25B	864.74M
Cash Flow
Free Cash Flow	197.36M	295.65M	399.17M	588.75M	651.06M	508.43M
Operating Cash Flow	274.93M	402.76M	549.03M	807.63M	786.84M	572.90M
Investing Cash Flow	-37.78M	-85.55M	-154.34M	-302.15M	-442.80M	-97.96M
Financing Cash Flow	-110.15M	-160.45M	-435.28M	-506.78M	-524.21M	-184.46M

Atkore International Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 55.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATKR, the sentiment is Negative. The current price of 55.3 is below the 20-day moving average (MA) of 62.48, below the 50-day MA of 66.16, and below the 200-day MA of 65.18, indicating a bearish trend. The MACD of -2.73 indicates Positive momentum. The RSI at 23.50 is Positive, neither overbought nor oversold. The STOCH value of 9.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ATKR.

Atkore International Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
POWL	81 Outperform	$6.10B	23.32	30.64%	0.32%	9.08%	19.86%
ENS	77 Outperform	$6.05B	15.10	16.61%	0.67%	6.17%	20.86%
NVT	77 Outperform	$19.45B	34.65	19.60%	0.84%	5.31%	5.76%
AEIS	74 Outperform	$12.07B	53.05	11.51%	0.18%	17.18%	235.76%
PLPC	71 Outperform	$1.25B	28.81	7.68%	0.35%	15.93%	12.72%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ATKR	55 Neutral	$1.87B	36.07	-3.28%	2.02%	-10.98%	-103.99%

Atkore International Group Corporate Events

Atkore Posts Q1 2026 Results, Maintains Full-Year Outlook

On February 3, 2026, Atkore reported fiscal first quarter 2026 results for the period ended December 26, 2025, showing net sales of $655.5 million, down 0.9% year-on-year, as lower average selling prices and prior divestitures outweighed volume gains. Net income dropped 67.6% to $15.0 million and adjusted EBITDA fell 30.3% to $69.1 million, driven by a sharp decline in gross profit amid weaker pricing and higher input costs, with GAAP diluted EPS sliding to $0.44 and adjusted EPS to $0.83; the Electrical segment posted modest sales growth but significantly lower margins, while Safety & Infrastructure saw reduced sales but nearly doubled adjusted EBITDA. The company maintained a full-year 2026 adjusted EBITDA outlook midpoint of $350 million and adjusted EPS midpoint of $5.30, signaled continued portfolio refocusing through the divestiture of its Tectron mechanical tube product line, and reinforced shareholder returns with a $0.33 quarterly dividend approved on January 28, 2026, payable February 27, 2026, underscoring a strategy of concentrating on its core electrical infrastructure business despite current margin pressure.

The most recent analyst rating on (ATKR) stock is a Hold with a $71.00 price target. To see the full list of analyst forecasts on Atkore International Group stock, see the ATKR Stock Forecast page.

Atkore Shareholders Back Board, Pay and Auditor at Meeting

On January 29, 2026, Atkore Inc. held its annual meeting of stockholders, at which shareholders voted on director elections, executive pay and auditor ratification. All ten director nominees were elected to serve terms expiring at the 2027 annual meeting, shareholders approved the advisory vote on executive compensation, and they ratified Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending September 30, 2026, signaling broad investor support for the current leadership, governance practices and financial oversight framework.

The most recent analyst rating on (ATKR) stock is a Hold with a $71.00 price target. To see the full list of analyst forecasts on Atkore International Group stock, see the ATKR Stock Forecast page.