Atkore (ATKR) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, May 5, 2026 astatine 12:01 PM CDT 39 min read

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DATE

Thursday, November 20, 2025 astatine 8 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — William Waltz

• Chief Financial Officer — John Deitzer

• President, Electrical — John Pregenzer

Full Conference Call Transcript

William Waltz: Thanks, Matt, and bully morning, everyone. Starting connected Slide 3. Today, we volition supply an update connected strategical actions, sermon our fiscal 2025 4th quarter, our afloat twelvemonth fiscal results and our outlook for fiscal 2026. We volition stock our position connected the extremity markets we service and our semipermanent strategical focus. Turning to Slide 4. Before we sermon our results, I privation to item the announcement we made this greeting related to the strategical actions we are pursuing with the extremity of maximizing shareholder value. Back successful September, we announced that the Board of Directors and the enforcement enactment squad were evaluating a wide scope of alternatives to heighten absorption connected Atkore's halfway electrical infrastructure portfolio.

These alternatives included a imaginable merchantability of our HDPE concern and the determination to adjacent 3 manufacturing facilities. The Board has present decided to grow the scope of the strategical alternatives to see a imaginable merchantability oregon merger of the full company. As a effect of the Board's decision, I person agreed to enactment astatine Atkore arsenic CEO done astatine slightest the decision of this strategical review. To date, Atkore has identified and is executing upon a bid of actions that we judge volition amended the semipermanent fiscal returns of the company.

The process of selling our HDPE concern is ongoing, and we person identified 2 different humble noncore assets that we expect being capable to successfully divest successful precocious Q1 2026 oregon aboriginal successful the 2nd quarter. In addition, we program to cease manufacturing operations astatine the 3 manufacturing facilities antecedently announced successful the 2nd 4th of fiscal 2026. By delivering connected these actions and the planned divestitures, we expect to amended our fiscal illustration of the institution and instrumentality to year-over-year maturation successful adjusted EBITDA successful FY '27. Expanding our strategical alternatives besides allows america to see aggregate scenarios, with the volition of creating shareholder worth portion positioning Atkore to win for the years to come.

Turning to our results connected Slide 6. Organic measurement was up 1.4% successful the 4th fourth with contributions from some segments. Notably, we saw double-digit maturation successful our integrative pipe, conduit and fittings merchandise category. This includes our PVC, fiberglass and HDPE products, which each delivered double-digit measurement maturation successful the quarter. Overall, our nett income of $752 cardinal successful the 4th exceeded the outlook that we presented successful August. Our adjusted EBITDA of $71 cardinal successful the 4th includes astir $6 cardinal of onetime inventory adjustments related to 1 of the sites that has been antecedently announced for closure arsenic portion of our planned strategical actions. This inventory accommodation impacted our Safety and Infrastructure segment.