Atkore reports Q4 adjusted EPS $4.21, consensus $4.08

Reports Q4 revenue $869.9M, consensus $920.42M. “Atkore achieved solid results for fiscal 2023, as we continued to successfully execute on our strategic initiatives and deliver differentiated value to our customers,” said Bill Waltz, Atkore President and Chief Executive Officer. “As our performance and financial results continue to normalize after our significant levels of outperformance and record results in fiscal 2022, we are encouraged by the resilience of our business model, and the differentiated value that our product portfolio provides to our customers. We believe that we have transformed, diversified and elevated the profitability of this business since our initial public offering.” Waltz continued, “In addition, I am proud of our disciplined approach to capital allocation. We have made great progress investing in the future of our Company while continuing to return cash to shareholders by executing over $990 million in share repurchases since the program was authorized in November 2021. The Board’s addition of a new quarterly dividend program is an exciting next step for Atkore and our shareholders.”