Recent News
08/05/2025: Atkore reported third-quarter fiscal 2025 results with consolidated net sales of $735.0 million (down 10.6% YoY), net income of $43.0 million, and Adjusted EBITDA of $99.9 million; management noted a decision by CEO Bill Waltz to retire and announced a $0.33 quarterly dividend approved July 30, 2025. 09/09/2025: the company confirmed CFO John Deitzer and VP Matt Kline would attend the RBC Global Industrials Conference in mid-September. 09/29/2025: Atkore announced a strategic review focused on its core electrical infrastructure portfolio, including potential sales of certain non-core assets (HDPE business noted) and identified cost-reduction actions and facility consolidations.
Technical Analysis
ADX at 15.71 indicates no trend strength, implying price action depends on momentum signals rather than an established directional trend; that supports a near-term outlook driven by momentum and catalysts rather than a sustained trend extension.
DI+ recorded at 24.00 with a peak-and-reverse reading signals a bearish directional shift from earlier strength; DI- at 18.23 and decreasing signals bullish pressure from the downside indicator. These opposing directional signals create a directional conflict that places emphasis on momentum confirmation for short-term direction.
MACD sits at 0.50, is increasing, and trades above its signal line (-0.04), which constitutes a bullish momentum signal; this momentum alignment supports upside potential in the near term if sustained.
MRO equals -7.8 (negative) and is increasing; price sits below the MRO target which implies upside potential as the oscillator moves toward zero, while the improving MRO trend suggests that pressure toward that upside is building.
RSI at 50.89 and increasing shows momentum shifting upward from neutral territory without overbought readings, supporting a scenario where buy-side momentum can extend without a short-term exhaustion signal.
Price relationships: closing price $63.69 trades above the 12-day EMA ($62.38), 20-day average ($61.69) and 50-day average ($61.43), but below the 200-day average ($67.27). The 12-day EMA increasing reinforces near-term upward bias, while the 200-day gap signals that any sustained recovery needs broader conviction to reassert a longer-term uptrend.
Bollinger structure places the close slightly above the 1x upper band ($63.53), implying near-term volatility skewed to the upside but still inside the 2x band range. Ichimoku short-term lines (Tenkan $61.92, Kijun $60.59) sit beneath price, providing immediate support levels near those values; SuperTrend lower support at $60.01 provides an additional technical floor.
Volume at 452,293 sits below the 10-day average (708,727) and below the 50-day and 200-day averages, suggesting the current move lacks broad volume confirmation; 42-day beta of 2.73 points to above-average short-term volatility relative to the market, elevating amplitude of potential swings.
Fundamental Analysis
Total revenue for the period stands at $735,045,000 with YoY revenue growth of 27.81% and QoQ revenue change of -21.72%; the YoY increase indicates underlying top-line strength year-over-year, while the QoQ contraction reflects recent seasonality or pricing shifts.
Gross margin equals 23.41%, down YoY by 31.17 percentage points, and below the industry peer mean gross margin of 42.81% and median 40.86%; lower gross margin reflects $100.5 million of lower average selling prices recorded in the quarter and higher freight costs, pressuring operating profitability.
Operating margin at 8.68% and EBIT margin at 8.70% sit below the industry peer mean (operating margin mean 19.546%, EBIT margin mean 18.975%) and median levels; profitability compressed versus peers, though still positive in absolute terms.
Net income totaled $42,962,000 with EPS actual $1.63 versus estimate $1.58, producing an EPS surprise of 3.17%, which signals modest beat relative to expectations despite lower margins and impaired results in the period.
Balance-sheet and liquidity metrics display strength in current assets: current ratio 3.09 and quick ratio 2.08 provide ample near-term liquidity versus the industry peer mean current ratio of 1.423 (current ratio notably above peer mean and median). Cash and short-term investments equal $331,017,000 and operating cash flow stands at $31,418,000; free cash flow $10,133,000 with a free cash flow yield of 0.46% sits below the industry peer mean of 1.428%.
Leverage: total debt $936,092,000, net debt $433,370,000, debt-to-equity 63.87% which lies slightly below the peer mean of 67.31% and median of 74.83%—leverage sits within reasonable bounds versus peers. Interest coverage at 7.21 times below the peer mean of 12.99 times but at an absolute level that covers interest expense.
Efficiency and returns show asset turnover at 0.2545 (above peer mean 0.1554), return on assets 1.49% and return on equity 2.93%, both below peer mean levels; operating leverage measure and cash conversion cycle (113.47 days) indicate working-capital intensity remains elevated.
Valuation context: forward EPS $2.93 and forward PE 22.87 contrast with reported PE 44.04 and industry peer mean PE much higher; price-to-book ratio 1.49 sits below the industry peer mean of 4.23. WMDST values the stock as under-valued based on the combination of discounted multiples and the company’s liquidity profile, even as margins and free-cash dynamics lag peer averages.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-05 |
| NEXT REPORT DATE: | 2025-11-03 |
| CASH FLOW | Begin Period Cash Flow | $ 330.4 M |
| Operating Cash Flow | $ 31.4 M | |
| Capital Expenditures | $ -21.29 M | |
| Change In Working Capital | $ -60.00 M | |
| Dividends Paid | $ -11.11 M | |
| Cash Flow Delta | $ 632.0 K | |
| End Period Cash Flow | $ 331.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 735.0 M | |
| Forward Revenue | $ 421.8 M | |
| COSTS | ||
| Cost Of Revenue | $ 563.0 M | |
| Depreciation | $ 36.1 M | |
| Depreciation and Amortization | $ 36.1 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 671.3 M | |
| PROFITABILITY | ||
| Gross Profit | $ 172.1 M | |
| EBITDA | $ 100.1 M | |
| EBIT | $ 64.0 M | |
| Operating Income | $ 63.8 M | |
| Interest Income | — | |
| Interest Expense | $ 8.9 M | |
| Net Interest Income | $ -8.87 M | |
| Income Before Tax | $ 55.1 M | |
| Tax Provision | $ 12.1 M | |
| Tax Rate | 22.0 % | |
| Net Income | $ 43.0 M | |
| Net Income From Continuing Operations | $ 43.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.58 | |
| EPS Actual | $ 1.63 | |
| EPS Difference | $ 0.05 | |
| EPS Surprise | 3.165 % | |
| Forward EPS | $ 2.93 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.9 B | |
| Intangible Assets | $ 522.8 M | |
| Net Tangible Assets | $ 943.0 M | |
| Total Current Assets | $ 1.6 B | |
| Cash and Short-Term Investments | $ 331.0 M | |
| Cash | $ 331.0 M | |
| Net Receivables | $ 553.9 M | |
| Inventory | $ 513.8 M | |
| Long-Term Investments | $ 9.2 M | |
| LIABILITIES | ||
| Accounts Payable | $ 225.9 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 509.3 M | |
| Net Debt | $ 433.4 M | |
| Total Debt | $ 936.1 M | |
| Total Liabilities | $ 1.5 B | |
| EQUITY | ||
| Total Equity | $ 1.5 B | |
| Retained Earnings | $ 954.6 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 43.55 | |
| Shares Outstanding | 33.656 M | |
| Revenue Per-Share | $ 21.84 | |
| VALUATION | Market Capitalization | $ 2.2 B |
| Enterprise Value | $ 2.8 B | |
| Enterprise Multiple | 27.869 | |
| Enterprise Multiple QoQ | -121.122 % | |
| Enterprise Multiple YoY | 19.441 % | |
| Enterprise Multiple IPRWA | high: 176.021 median: 72.513 mean: 71.728 ATKR: 27.869 low: -52.961 |
|
| EV/R | 3.794 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.99 | |
| Asset To Liability | 2.01 | |
| Debt To Capital | 0.39 | |
| Debt To Assets | 0.321 | |
| Debt To Assets QoQ | -2.471 % | |
| Debt To Assets YoY | 3614.005 % | |
| Debt To Assets IPRWA | high: 0.735 median: 0.346 ATKR: 0.321 mean: 0.289 low: 0.005 |
|
| Debt To Equity | 0.639 | |
| Debt To Equity QoQ | -4.262 % | |
| Debt To Equity YoY | 3794.268 % | |
| Debt To Equity IPRWA | high: 1.119 median: 0.748 mean: 0.673 ATKR: 0.639 low: -0.022 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.49 | |
| Price To Book QoQ | -4.4 % | |
| Price To Book YoY | -54.152 % | |
| Price To Book IPRWA | high: 9.043 mean: 4.234 median: 3.746 ATKR: 1.49 low: -0.411 |
|
| Price To Earnings (P/E) | 44.043 | |
| Price To Earnings QoQ | 37.541 % | |
| Price To Earnings YoY | 18.279 % | |
| Price To Earnings IPRWA | high: 201.347 mean: 95.597 median: 87.249 ATKR: 44.043 low: -26.525 |
|
| PE/G Ratio | -2.191 | |
| Price To Sales (P/S) | 2.971 | |
| Price To Sales QoQ | -5.154 % | |
| Price To Sales YoY | -51.853 % | |
| Price To Sales IPRWA | high: 40.481 mean: 16.745 median: 16.349 ATKR: 2.971 low: 0.28 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 22.869 | |
| Forward PE/G | -1.138 | |
| Forward P/S | 5.178 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -44.187 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.254 | |
| Asset Turnover Ratio QoQ | 5.554 % | |
| Asset Turnover Ratio YoY | -7.492 % | |
| Asset Turnover Ratio IPRWA | high: 0.44 ATKR: 0.254 mean: 0.155 median: 0.118 low: 0.019 |
|
| Receivables Turnover | 1.434 | |
| Receivables Turnover Ratio QoQ | -3.512 % | |
| Receivables Turnover Ratio YoY | -11.715 % | |
| Receivables Turnover Ratio IPRWA | high: 3.248 mean: 1.641 median: 1.568 ATKR: 1.434 low: 0.086 |
|
| Inventory Turnover | 1.088 | |
| Inventory Turnover Ratio QoQ | 10.294 % | |
| Inventory Turnover Ratio YoY | 14.015 % | |
| Inventory Turnover Ratio IPRWA | high: 2.85 ATKR: 1.088 median: 1.027 mean: 1.017 low: 0.026 |
|
| Days Sales Outstanding (DSO) | 63.629 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 113.466 | |
| Cash Conversion Cycle Days QoQ | -0.148 % | |
| Cash Conversion Cycle Days YoY | -0.422 % | |
| Cash Conversion Cycle Days IPRWA | high: 317.233 ATKR: 113.466 mean: 102.268 median: 100.095 low: -23.304 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.691 | |
| CapEx To Revenue | -0.029 | |
| CapEx To Depreciation | -0.589 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.2 B | |
| Net Invested Capital | $ 2.2 B | |
| Invested Capital | $ 2.2 B | |
| Net Tangible Assets | $ 943.0 M | |
| Net Working Capital | $ 1.1 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.65 | |
| Current Ratio | 3.09 | |
| Current Ratio QoQ | 2.232 % | |
| Current Ratio YoY | -5.325 % | |
| Current Ratio IPRWA | high: 12.505 ATKR: 3.09 mean: 1.423 median: 1.06 low: 0.411 |
|
| Quick Ratio | 2.081 | |
| Quick Ratio QoQ | 4.939 % | |
| Quick Ratio YoY | 2.373 % | |
| Quick Ratio IPRWA | high: 10.835 ATKR: 2.081 mean: 0.936 median: 0.72 low: 0.363 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 9.354 | |
| Cost Of Debt | 0.737 % | |
| Interest Coverage Ratio | 7.209 | |
| Interest Coverage Ratio QoQ | -202.237 % | |
| Interest Coverage Ratio YoY | -57.304 % | |
| Interest Coverage Ratio IPRWA | high: 29.743 mean: 12.991 median: 9.341 ATKR: 7.209 low: -10.534 |
|
| Operating Cash Flow Ratio | -0.03 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 41.564 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.868 | |
| Dividend Payout Ratio | 0.259 | |
| Dividend Rate | $ 0.33 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.012 % | |
| Revenue Growth | 4.748 % | |
| Revenue Growth QoQ | -21.715 % | |
| Revenue Growth YoY | 27.806 % | |
| Revenue Growth IPRWA | high: 85.552 % mean: 6.013 % ATKR: 4.748 % median: 2.73 % low: -70.165 % |
|
| Earnings Growth | -20.098 % | |
| Earnings Growth QoQ | -179.903 % | |
| Earnings Growth YoY | 192.846 % | |
| Earnings Growth IPRWA | high: 123.077 % median: 15.102 % mean: 11.595 % ATKR: -20.098 % low: -44.651 % |
|
| MARGINS | ||
| Gross Margin | 23.408 % | |
| Gross Margin QoQ | -11.266 % | |
| Gross Margin YoY | -31.165 % | |
| Gross Margin IPRWA | high: 94.66 % mean: 42.809 % median: 40.858 % ATKR: 23.408 % low: -8.379 % |
|
| EBIT Margin | 8.702 % | |
| EBIT Margin QoQ | -204.831 % | |
| EBIT Margin YoY | -57.377 % | |
| EBIT Margin IPRWA | high: 57.92 % mean: 18.975 % median: 18.208 % ATKR: 8.702 % low: -24.26 % |
|
| Return On Sales (ROS) | 8.675 % | |
| Return On Sales QoQ | -204.505 % | |
| Return On Sales YoY | -57.509 % | |
| Return On Sales IPRWA | high: 57.92 % median: 19.943 % mean: 19.546 % ATKR: 8.675 % low: -22.305 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 10.1 M | |
| Free Cash Flow Yield | 0.464 % | |
| Free Cash Flow Yield QoQ | -84.12 % | |
| Free Cash Flow Yield YoY | -67.778 % | |
| Free Cash Flow Yield IPRWA | high: 12.901 % mean: 1.428 % median: 1.305 % ATKR: 0.464 % low: -14.521 % |
|
| Free Cash Growth | -84.223 % | |
| Free Cash Growth QoQ | -189.445 % | |
| Free Cash Growth YoY | -423.947 % | |
| Free Cash Growth IPRWA | high: 534.416 % mean: 236.383 % median: 185.965 % ATKR: -84.223 % low: -312.195 % |
|
| Free Cash To Net Income | 0.236 | |
| Cash Flow Margin | -2.052 % | |
| Cash Flow To Earnings | -0.351 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.487 % | |
| Return On Assets QoQ | -186.453 % | |
| Return On Assets YoY | -63.986 % | |
| Return On Assets IPRWA | high: 7.793 % median: 2.133 % mean: 1.999 % ATKR: 1.487 % low: -9.75 % |
|
| Return On Capital Employed (ROCE) | 2.656 % | |
| Return On Equity (ROE) | 0.029 | |
| Return On Equity QoQ | -182.587 % | |
| Return On Equity YoY | -62.918 % | |
| Return On Equity IPRWA | high: 0.26 mean: 0.047 median: 0.035 ATKR: 0.029 low: -0.14 |
|
| DuPont ROE | 2.988 % | |
| Return On Invested Capital (ROIC) | 2.237 % | |
| Return On Invested Capital QoQ | -211.072 % | |
| Return On Invested Capital YoY | -104.744 % | |
| Return On Invested Capital IPRWA | high: 10.37 % mean: 3.092 % median: 3.017 % ATKR: 2.237 % low: -6.012 % |
|