Atkore International Group (ATKR) AI Stock Analysis

• Market Cap: $2.23B
• Dividend Yield: 2.02%
• Average Volume (3M): 323.78K
• Price to Earnings (P/E): ―
• 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: 216,088
• 30 Day Avg. Volume: 323,780
• 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: 1.19
• Enterprise Value/Revenue: 0.94
• Enterprise Value/Gross Profit: 4.44
• Enterprise Value/Ebitda: 20.91
• 1Y Price Target: $74.00
• Price Target Upside: 14.36% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): 5.24
• Revenue Forecast (FY): $2.99B

• Rating: 55 Neutral
• Price Target: $72.00 ▲(11.27% 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

Strong cash generation

Despite recent net losses, Atkore continues to convert sales into substantial cash: TTM operating cash flow and FCF remain positive. Durable free cash flow provides funding for capital allocation, divestitures, dividends and buybacks, and cushions the business while margins recover.

Manageable leverage and capital structure

Leverage appears moderate with equity sizable relative to assets and no near-term maturities flagged, giving Atkore flexibility to execute strategic actions. A stable capital structure supports reinvestment in core electrical businesses and buffers against cyclical downturns while performance is improved.

Strategic refocus and productivity gains

Management is sharpening the portfolio toward electrical infrastructure and reallocating capacity, actions that paired with multi‑million dollar productivity saves can sustainably improve margins. Strategic divestitures and facility consolidation reduce complexity and free capital for higher-return core markets.

Negative Factors

Revenue and margin deterioration

A pronounced drop in revenue and sharp gross margin compression signal structural pressure on pricing, mix and cost absorption. If sustained, lower top‑line and reduced gross margins will erode operating leverage, weaken return metrics and limit capacity to invest or rebuild margins over the medium term.

Pricing pressure and import competition

Persistent ASP declines in PVC conduit and rising import penetration create durable downward pressure on spreads. Structural import competition plus commodity/tariff volatility can limit pricing power, forcing continued cost actions or market-share tradeoffs that constrain sustainable margin recovery.

Weakened earnings quality and cash trends

While FCF is positive, the steep year-on-year decline and falling operating cash flow indicate weakening earnings quality. Reduced cash generation trends shrink the safety margin for dividends, buybacks and capex, and if persistent could impair leverage flexibility and strategic investment capacity.

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 International Group generates revenue through the sale of its core products across several sectors, including electrical, mechanical, and plumbing. Key revenue streams include the manufacturing and distribution of electrical conduit systems, fittings, and accessories, which cater to commercial, industrial, and residential construction markets. Additionally, Atkore's mechanical and plumbing products contribute significantly to its earnings. The company benefits from strategic partnerships with distributors and wholesalers, ensuring a broad reach in the marketplace. Factors such as the increasing demand for construction materials, infrastructure development, and a focus on sustainable building practices further enhance Atkore's revenue potential.

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: 64.71
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 64.71 is below the 20-day moving average (MA) of 66.73, below the 50-day MA of 67.03, and below the 200-day MA of 65.56, indicating a bearish trend. The MACD of -0.73 indicates Positive momentum. The RSI at 41.56 is Neutral, neither overbought nor oversold. The STOCH value of 29.03 is Neutral, 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	$6.36B	34.01	32.16%	0.32%	9.08%	19.86%
ENS	77 Outperform	$6.12B	20.57	16.74%	0.67%	6.17%	20.86%
NVT	77 Outperform	$19.14B	45.47	12.30%	0.84%	5.31%	5.76%
AEIS	74 Outperform	$12.67B	87.28	11.64%	0.18%	17.18%	235.76%
PLPC	69 Neutral	$1.24B	33.61	8.33%	0.35%	15.93%	12.72%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ATKR	55 Neutral	$2.23B	―	-3.23%	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.

Atkore Announces Strategic Review with Irenic Capital

On November 20, 2025, Atkore Inc. announced a cooperation agreement with Irenic Capital Management to expand its Board of Directors and form a Strategic Review Committee. This agreement includes appointing Franklin S. Edmonds, Jr. to the Board and considering strategic alternatives, including a potential sale or merger of the company, to maximize shareholder value. The cooperation agreement also involves Irenic withdrawing its director nomination notice for the 2026 Annual Meeting and agreeing to certain standstill and voting commitments. The strategic review aims to strengthen Atkore’s business by focusing on its core electrical infrastructure and improving cost structures, with no set deadline for completion. The appointment of Franklin Edmonds and Bruce Taten as a special advisor is expected to provide valuable insights during this process.

The most recent analyst rating on (ATKR) stock is a Hold with a $61.00 price target. To see the full list of analyst forecasts on Atkore International Group stock, see the ATKR Stock Forecast page.

Atkore Reports Q4 2025 Financial Results with Net Loss

Atkore Inc. reported its financial results for the fourth quarter and fiscal year 2025, revealing a decline in net sales and a net loss compared to the previous year. The company faced a net loss of $54.4 million for the fourth quarter, largely due to non-cash impairments and increased costs, while net sales decreased to $752.0 million. For the fiscal year, net sales were $2,850.4 million with a net loss of $15.2 million, reflecting challenges such as pricing normalization and higher raw material costs. Despite these setbacks, Atkore returned $144 million to shareholders through share repurchases and dividends and took steps to enhance financial flexibility by refinancing debt. The company remains optimistic about future market demand in key electrical sectors and has expanded its strategic review to maximize shareholder value.

The most recent analyst rating on (ATKR) stock is a Hold with a $61.00 price target. To see the full list of analyst forecasts on Atkore International Group stock, see the ATKR Stock Forecast page.