Atkore Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 29, 2024
May 07, 2024 at 06:07 am EDT
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Atkore Inc. reported earnings results for the second quarter and six months ended March 29, 2024. For the second quarter, the company reported sales was USD 792.91 million compared to USD 895.93 million a year ago. Net income was USD 137.96 million compared to USD 174.19 million a year ago. Basic earnings per share from continuing operations was USD 3.71 compared to USD 4.37 a year ago. Diluted earnings per share from continuing operations was USD 3.67 compared to USD 4.31 a year ago.
For the six months, sales was USD 1,591.39 million compared to USD 1,729.76 million a year ago. Net income was USD 276.34 million compared to USD 347.69 million a year ago. Basic earnings per share from continuing operations was USD 7.37 compared to USD 8.63 a year ago. Diluted earnings per share from continuing operations was USD 7.28 compared to USD 8.52 a year ago.
Atkore Inc. is a manufacturer of electrical products for commercial, industrial, data center, telecommunications and solar applications. The Company's segments include electrical, and safety and infrastructure. The electrical segment manufactures products used in the construction of electrical power systems, including conduit, cable and installation accessories, and serves contractors in partnership with the electrical wholesale channel. The safety and infrastructure segment designs and manufactures solutions, including metal framing, mechanical pipe, perimeter security and cable management for the protection of infrastructure. These solutions are marketed to contractors, original equipment manufacturers and end users. Its products and services include Toggle Dropdown, Conduit, Traffic Products and Cable Tray Systems. It manufactures products in approximately 49 facilities and operates a total of 7.5 million square feet of manufacturing and distribution space in eight countries.
ATKORE INC. 
