Atkore Inc. Reports Earnings Results for the First Quarter Ended December 29, 2023
February 01, 2024 at 06:23 am EST
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Atkore Inc. reported earnings results for the first quarter ended December 29, 2023. For the first quarter, the company reported sales was USD 798.48 million compared to USD 833.82 million a year ago. Net income was USD 138.38 million compared to USD 173.49 million 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.