Atkore undertakes review of select assets, including possible sale of HDPE unit

Atkore (ATKR) provided an update on planned strategic actions being taken to strengthen and improve the future financial returns for the company. The Atkore Board of Directors and executive leadership team, with the assistance of financial and legal advisors, are evaluating a broad range of alternatives to enhance focus on Atkore’s core electrical infrastructure portfolio that includes product lines and businesses from both its Electrical and Safety & Infrastructure segments, which the Board and its advisors believe will create opportunities to increase long-term shareholder value. Bill Waltz, Atkore President and CEO stated, “We remain focused on continuous improvement and today’s announcement underscores our commitment to increasing shareholder value.” “Based on our ongoing strategic review, we believe that focusing our portfolio on our core electrical infrastructure business and taking steps to improve our cost structure will best position Atkore for future success,” said Atkore’s Board of Directors. As part of this process, Atkore has undertaken a review of select assets that may not fit the Company’s core electrical infrastructure portfolio, including the potential sale of its HDPE pipe and conduit business, which primarily serves the telecommunications market, and several other non-electrical infrastructure focused assets. The company is also taking steps to reduce costs, including a recent reduction in headcount and the identification of three manufacturing facilities that will be consolidated in calendar year 2026. Earlier this year, Atkore announced the divestiture of its Northwest Polymers business. These actions are a continuation of Atkore’s strategy to optimize its cost structure and portfolio. There can be no assurance that the strategic process will result in the company pursuing any specific outcome. There is no deadline or definitive timetable set for completion of the strategic process. Atkore does not intend to make any further public comment on the process unless and until it determines that further disclosure is appropriate or necessary.