Atkore Inc. reported a significant decline in its financial performance for the fiscal year ending September 30, 2025, with net sales dropping to $2.85 billion, an 11% decrease from $3.20 billion in the previous year. The company's gross profit also fell sharply by 37.3% to $676.1 million, compared to $1.08 billion in fiscal 2024. This downturn was primarily attributed to a decrease in average selling prices, which accounted for a loss of approximately $381.8 million in revenue. Additionally, the company faced asset impairment charges totaling $214.4 million, primarily related to its HDPE business, which further impacted its operating income, which plummeted by 96.3% to $23.2 million.
In terms of strategic developments, Atkore announced plans to close three facilities in fiscal 2026 as part of a broader restructuring effort aimed at reducing costs. The company also recognized a loss of $6.2 million from the sale of Northwest Polymers, a divestiture that reflects its ongoing strategy to streamline operations. Despite these challenges, Atkore's Safety & Infrastructure segment saw a slight increase in net sales, rising 0.5% to $853.4 million, driven by higher sales volumes, although this was offset by lower average selling prices.
Operationally, Atkore employed approximately 5,400 full-time equivalent employees as of September 30, 2025, with about 20% represented by unions. The company continues to focus on enhancing its product offerings, including the introduction of new products designed to meet evolving customer needs. Approximately 88% of Atkore's net sales were generated from customers in the United States, indicating a strong domestic market presence. The company also reported that its top ten customers accounted for about 40% of net sales, highlighting a degree of customer concentration risk.
Looking ahead, Atkore's management expressed cautious optimism regarding future performance, emphasizing the importance of economic conditions and non-residential construction activity in the U.S. The company is also exploring strategic alternatives, including potential mergers or sales of non-core assets, as part of its ongoing efforts to enhance shareholder value. The board of directors has approved a quarterly dividend program, with the first dividend of $0.33 per share scheduled for payment on December 17, 2025, reflecting a commitment to returning value to shareholders despite recent financial challenges.
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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