Atkore (ATKR) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, February 3, 2026 astatine 8:20 AM CST 32 min read

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Tuesday, Feb. 3, 2026 astatine 8 a.m. ET

• President and Chief Executive Officer — William Waltz

• Chief Financial Officer — John Deitzer

• President, Electrical — John Pregenzer

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William Waltz: Thanks, Matt. And bully morning, everyone. Starting connected Slide three, we are pleased with our archetypal 4th performance. We achieved nett income of $656 cardinal and adjusted EBITDA of $69 million. Both were supra our outlook range. Our 83¢ of adjusted EPS was besides supra the apical extremity of our outlook range. Organic measurement accrued 2% successful the archetypal 4th driven by beardown show successful our Electrical segment. Our teams person been focused connected improving manufacturing ratio and controlling costs, which has helped make implicit $30 cardinal of merchandise savings twelvemonth implicit year. We besides proceed to beforehand our strategical alternate process to measure opportunities to fortify our concern and maximize worth for our shareholders.

During the quarter, we completed the divestiture of our Tektron mechanical conduit merchandise enactment and manufacturing facility. The merchantability further enhances our absorption connected electrical infrastructure portfolio and is aligned with our broader 80/20 inaugural aimed astatine directing our manufacturing capableness to electrical extremity markets. In the 2nd fiscal quarter, we expect to implicit the antecedently announced exit of 3 manufacturing facilities. We volition proceed to supply updates connected the ongoing strategical alternate process arsenic due arsenic we determination forward. I americium besides pleased to item the merchandise of our fiscal twelvemonth 2025 sustainability report, which we precocious published. This study details our ongoing initiatives and accomplishments of our 2025 goals.

Looking up to the remainder of 2026, we are connected way to present our FY26 outlook that we presented successful November. We expect our nett income to beryllium successful a scope of $2.95 cardinal and $3.05 billion. Our nett income outlook adjusts for astir $40 cardinal of yearly income related to our Tektron Advantage 2 merchandise resulting from the divestiture. Adjusting the information betwixt $340 cardinal and $360 cardinal remains unchanged. Adjusted EPS is expected to beryllium successful the scope of $5.05 and $5.55. We stay focused connected our halfway electrical infrastructure portfolio, which is supported by broader megatrends and wherever we spot the astir accidental to grow.

Our squad is focused connected continuous betterment initiatives successful our plans and providing unmatched work and prime for our customers. By doing so, we are assured successful our quality to thrust income measurement and profitability. I'd similar to instrumentality a infinitesimal to convey each of our employees for everything they bash to enactment our cardinal stakeholders. With that, I'll present crook the telephone implicit to John Deitzer, to speech done the results from the 4th and supply much details connected our outlook.