Atkore International Group (ATKR)
NYSE:ATKR
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Atkore International Group
(NYSE:ATKR)
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Rating:58Neutral
Price Target:
$77.00
â–²(11.40% Upside)
Action:ReiteratedDate:05/05/26
The score is primarily constrained by weakened financial performance (sharp margin compression and a TTM net loss despite positive cash flow). Technicals are supportive with price above key moving averages and positive MACD, while valuation is a drag due to a high P/E. The earnings call adds modest support from reiterated guidance and expected sequential improvement, offset by the large PVC settlement and ongoing margin pressures.
Positive Factors
Cash generation
Consistent positive operating and free cash flow, even amid a GAAP loss, indicates strong cash conversion from operations. This durable cash generation funds capex, dividends, legal settlements and strategic moves, providing flexibility to execute restructuring and invest in core growth.
Negative Factors
Profitability deterioration
Sharp margin compression and a material revenue decline reflect weakened pricing power, adverse mix and volume swings. Sustained lower gross margins and a shift to GAAP losses undermine reinvestment capacity, lower returns on equity, and could constrain long‑term ability to rebuild prior profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive operating and free cash flow, even amid a GAAP loss, indicates strong cash conversion from operations. This durable cash generation funds capex, dividends, legal settlements and strategic moves, providing flexibility to execute restructuring and invest in core growth.
Read all positive factors
Atkore International Group (ATKR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.49B
Dividend Yield2.02%
Average Volume (3M)411.10K
Price to Earnings (P/E)36.1
Beta (1Y)1.26
Revenue Growth-7.20%
EPS Growth-113.24%
CountryUS
Employees5,264
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-1.38
Shares Outstanding33,750,640
10 Day Avg. Volume593,073
30 Day Avg. Volume411,095
Financial Highlights & Ratios
PEG Ratio1.36
Price to Book (P/B)1.53
Price to Sales (P/S)0.75
P/FCF Ratio7.22
Enterprise Value/Market Cap1.22
Enterprise Value/Revenue1.06
Enterprise Value/Gross Profit5.04
Enterprise Value/Ebitda23.77
Forecast
1Y Price Target
$84.00Price Target Upside21.53% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)5.28
Revenue Forecast (FY)$3.00B
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 a...
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,...
Atkore International Group Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q2-2026)
| Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Neutral
The call reflected a mixed but balanced picture: operational momentum (sequential improvement in sales, adjusted EBITDA and productivity gains; organic volume growth; maintained guidance) and strategic progress (divestitures, plant consolidations) were offset by sizable one-time charges and margin pressure in certain areas. The $136.5M PVC settlement, asset impairments and a large year‑over‑year drop in adjusted EPS were material negatives, but management expects continued mid-single-digit volume growth, preserved guidance ranges, and ongoing cost savings that support near-term outlook.Positive Updates
Quarterly Revenue and Profitability
Net sales of $731.0 million and adjusted EBITDA of $81.0 million in Q2 FY2026, with adjusted EPS of $1.23. All three metrics improved sequentially from Q1.
Negative Updates
Material Legal Charge — PVC Antitrust Settlement
Recorded a pretax liability of $136.5 million to settle 2 of the 3 punitive classes in the PVC pipe antitrust litigation; this settlement was reflected in Q2 results and payment is expected in Q3.
Read all updates
Q2-2026 Updates
Positive
Negative
Quarterly Revenue and Profitability
Net sales of $731.0 million and adjusted EBITDA of $81.0 million in Q2 FY2026, with adjusted EPS of $1.23. All three metrics improved sequentially from Q1.
Read all positive updates
Company Guidance
Management reiterated fiscal 2026 guidance, calling for full‑year net sales of $2.90–$2.95 billion, adjusted EBITDA of $340–$360 million and adjusted EPS of $5.05–$5.55 while expecting mid‑single‑digit organic volume growth for the year; Q2 actuals were net sales $731 million, adjusted EBITDA $81 million and adjusted EPS $1.23. They said Q3 should grow sequentially versus Q2 in net sales, adjusted EBITDA and adjusted EPS, with slight sequential growth from Q3 to Q4 in all three metrics, and they expect a Q3/Q4 tax rate of about 22%–24% to approximate adjusted EPS. Management also noted the $136.5 million PVC‑antitrust settlement is reflected in Q2 results and anticipated to be paid in Q3, the company generated roughly $19 million of operating cash flow in Q2 excluding ~$46 million of customer collections after quarter‑end, and the balance sheet has no debt maturities until 2030.Atkore International Group Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
62
Positive
| 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
Positive
69.12
Price Trends
63.12
Positive
64.78
Positive
64.66
Positive
Market Momentum
1.97
Negative
67.73
Neutral
78.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATKR, the sentiment is Positive. The current price of 69.12 is above the 20-day moving average (MA) of 63.17, above the 50-day MA of 63.12, and above the 200-day MA of 64.66, indicating a bullish trend. The MACD of 1.97 indicates Negative momentum. The RSI at 67.73 is Neutral, neither overbought nor oversold. The STOCH value of 78.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ATKR.
Atkore International Group Risk Analysis
Atkore International Group disclosed 50 risk factors in its most recent earnings report. Atkore International Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Atkore International Group Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $9.83B | 35.75 | 30.64% | 0.32% | 4.50% | 7.18% | |
78 Outperform | $7.78B | 15.10 | 16.61% | 0.67% | 5.20% | -0.12% | |
76 Outperform | $1.51B | 31.55 | 7.31% | 0.35% | 15.92% | -12.16% | |
73 Outperform | $14.72B | 45.53 | 11.51% | 0.18% | 22.19% | 157.87% | |
72 Outperform | $26.31B | 33.98 | 19.60% | 0.84% | 34.18% | -15.12% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $2.49B | 36.07 | -3.28% | 2.02% | -7.20% | -113.24% |
* Industrials Sector Average
ATKR
Atkore International Group
73.67
9.79
15.32%
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Atkore International Group Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresLegal ProceedingsM&A Transactions
Atkore Reports Q2 Loss Amid Strategic Portfolio Streamlining
Negative
May 5, 2026
Atkore Inc. reported its fiscal second-quarter 2026 results on May 5, 2026, with net sales rising 4.2% year over year to $731.4 million, driven by higher volumes, pricing and foreign exchange benefits, though gross margin compressed sharply as inp...
Financial DisclosuresLegal Proceedings
Atkore Reaches Major PVC Antitrust Litigation Settlements
Negative
Apr 29, 2026
On April 28, 2026, Atkore entered into settlement agreements to resolve claims brought by two of the three putative plaintiff classes in the consolidated PVC Pipe Antitrust Litigation in the U.S. District Court for the Northern District of Illinoi...
Business Operations and StrategyM&A Transactions
Atkore Sells HDPE Business to Infra Pipes, Refocuses
Positive
Apr 8, 2026
On April 8, 2026, Atkore Inc. announced it had sold its High-Density Polyethylene pipe and conduit business to Infra Pipes, a North American leader in polyethylene pipeline solutions, as part of an ongoing strategic portfolio review. Atkore will c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.