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Atkore International Group ( (ATKR) ) has provided an announcement.
Atkore Inc. reported a 3.5% organic growth in FY 2024, with strong performance in key product areas like electrical cable and conduit. The company returned over 50% of cash flow to shareholders, repurchasing $380M in shares and paying $34M in dividends. Despite challenges in the telecom market, Atkore’s innovations, such as winning the NECA Showstopper Award, and expansion into renewable energy and water-related markets, signify robust growth prospects driven by megatrends like AI and grid hardening.
Find detailed analytics on ATKR stock on TipRanks’ Stock Analysis page.