Atkore Inc. reported a decline in financial performance for the three months ending December 26, 2025, with net sales of $655.5 million, a decrease of 0.9% from $661.6 million in the same period the previous year. The company's gross profit also fell significantly, down 26.4% to $125.9 million, compared to $171.1 million in the prior year. This decline in profitability was attributed to a combination of decreased average selling prices and increased costs of sales, which rose by 8.0% to $529.6 million, primarily due to higher input costs and increased depreciation related to site closures.
Operating income saw a substantial drop of 70.5%, falling to $20.1 million from $67.9 million year-over-year. The company's net income decreased by 67.6% to $15.0 million, or $0.44 per diluted share, compared to $46.3 million, or $1.31 per diluted share, in the prior year. The effective tax rate also decreased significantly to 3.0% from 20.9%, driven by a one-time discrete tax benefit related to tax planning strategies.
Strategically, Atkore has been active in restructuring its operations, including the divestiture of Tectron Tube, which generated $18.4 million in cash and a gain of $2.3 million. The company has also initiated plans for headcount reductions and plant closures, which are expected to result in increased selling, general, and administrative costs. These restructuring efforts are part of a broader strategic review aimed at optimizing the company's portfolio and operations.
Operationally, Atkore's Electrical segment reported a slight increase in net sales of 0.9% to $469.6 million, while the Safety & Infrastructure segment experienced a decline of 5.3% to $186.3 million. The company noted a significant improvement in Adjusted EBITDA for the Safety & Infrastructure segment, which rose by 93.8% to $30.2 million, reflecting better operational performance and cost control. However, the overall Adjusted EBITDA for the company decreased to $85.3 million from $108.0 million in the prior year.
Looking ahead, Atkore remains cautious about market conditions, citing uncertainties related to global supply chains, inflation, and geopolitical tensions. The company believes it has sufficient liquidity to support ongoing operations and future growth, with cash and cash equivalents totaling $443.8 million as of December 26, 2025. Atkore plans to continue focusing on operational efficiency and strategic investments to navigate the challenging market landscape.
About Atkore Inc.
Atkore Inc. manufactures electrical products and safety infrastructure solutions primarily for non-residential construction, renovation, residential, industrial, and OEM markets. Its Electrical segment produces conduit, cable, and installation accessories, while Safety & Infrastructure offers metal framing, mechanical pipe, perimeter security, and cable management. Serving contractors and distributors mainly in the U.S., Atkore leverages strong brands, broad product portfolios, and national scale to deliver quality, innovation, and reliable supply.
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