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Atkore International Group
(NYSE:ATKR)
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Rating:57Neutral
Price Target:
$98.00
▲(4.67% Upside)
Action:Reiterated
Date:10/07/26
The score is held back primarily by weakened financial performance (negative TTM earnings, compressed margins, and sharply lower free cash flow). Offsetting this are a strong corporate event tailwind from the approved all-cash Prysmian acquisition and a generally positive technical trend, while valuation is mixed due to the negative P/E and only modest dividend yield.
Positive Factors
Broad Electrical Infrastructure Portfolio
Atkore serves multiple infrastructure applications with a broad product portfolio that can support cross-selling through distributor catalogs. Exposure to commercial, industrial, data center, utility, and construction demand gives the business several durable end-market drivers rather than reliance on one application.
Negative Factors
Negative Earnings and Compressed Margins
Atkore’s current earnings profile is materially weaker than its prior peak, with negative net income and EBITDA close to breakeven. Persistently thin profitability reduces resilience against cost pressure, limits internally funded investment, and signals that prior earnings power has not yet been restored.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad Electrical Infrastructure Portfolio
Atkore serves multiple infrastructure applications with a broad product portfolio that can support cross-selling through distributor catalogs. Exposure to commercial, industrial, data center, utility, and construction demand gives the business several durable end-market drivers rather than reliance on one application.
Read all positive factors
Atkore International Group (ATKR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.21B
Dividend Yield1.39%
Average Volume (3M)758.48K
Price to Earnings (P/E)―
Beta (1Y)1.34
Revenue Growth1.63%
EPS Growth-253.37%
CountryUS
Employees5,400
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-4.84
Shares Outstanding33,773,064
10 Day Avg. Volume707,946
30 Day Avg. Volume758,480
Financial Highlights & Ratios
PEG Ratio1.35
Price to Book (P/B)1.53
Price to Sales (P/S)0.75
P/FCF Ratio7.22
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue1.09
Enterprise Value/Gross Profit5.57
Enterprise Value/Ebitda-123.96
Forecast
1Y Price Target
$93.50Price Target Upside-0.14% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)6.34
Revenue Forecast (FY)$3.11B
Atkore International Group Business Overview & Revenue Model
Company Description
Atkore Inc. operates as a global producer and vendor of electrical, safety, and infrastructure products, serving both the United States and international markets. The company's comprehensive electrical offerings include items like conduits, variou...
How the Company Makes Money
Atkore makes money by selling manufactured electrical and infrastructure products to contractors, OEMs, and end users primarily via distribution channels (notably electrical distributors) and, in some cases, directly to large customers. Its revenu...
Atkore International Group Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 13, 2026
Earnings Call Sentiment Neutral
The call reflected a mixed but balanced picture: operational momentum (sequential improvement in sales, adjusted EBITDA and productivity gains; organic volume growth; maintained guidance) and strategic progress (divestitures, plant consolidations) were offset by sizable one-time charges and margin pressure in certain areas. The $136.5M PVC settlement, asset impairments and a large year‑over‑year drop in adjusted EPS were material negatives, but management expects continued mid-single-digit volume growth, preserved guidance ranges, and ongoing cost savings that support near-term outlook.Positive Updates
Quarterly Revenue and Profitability
Net sales of $731.0 million and adjusted EBITDA of $81.0 million in Q2 FY2026, with adjusted EPS of $1.23. All three metrics improved sequentially from Q1.
Negative Updates
Material Legal Charge — PVC Antitrust Settlement
Recorded a pretax liability of $136.5 million to settle 2 of the 3 punitive classes in the PVC pipe antitrust litigation; this settlement was reflected in Q2 results and payment is expected in Q3.
Read all updates
Q2-2026 Updates
Positive
Negative
Quarterly Revenue and Profitability
Net sales of $731.0 million and adjusted EBITDA of $81.0 million in Q2 FY2026, with adjusted EPS of $1.23. All three metrics improved sequentially from Q1.
Read all positive updates
Company Guidance
Management reiterated fiscal 2026 guidance, calling for full‑year net sales of $2.90–$2.95 billion, adjusted EBITDA of $340–$360 million and adjusted EPS of $5.05–$5.55 while expecting mid‑single‑digit organic volume growth for the year; Q2 actuals were net sales $731 million, adjusted EBITDA $81 million and adjusted EPS $1.23. They said Q3 should grow sequentially versus Q2 in net sales, adjusted EBITDA and adjusted EPS, with slight sequential growth from Q3 to Q4 in all three metrics, and they expect a Q3/Q4 tax rate of about 22%–24% to approximate adjusted EPS. Management also noted the $136.5 million PVC‑antitrust settlement is reflected in Q2 results and anticipated to be paid in Q3, the company generated roughly $19 million of operating cash flow in Q2 excluding ~$46 million of customer collections after quarter‑end, and the balance sheet has no debt maturities until 2030.Atkore International Group Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
43
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.93B | 2.85B | 3.20B | 3.52B | 3.91B | 2.93B |
| Gross Profit | 576.19M | 634.17M | 1.02B | 1.28B | 1.60B | 1.09B |
| EBITDA | -25.91M | 174.52M | 774.03M | 1.02B | 1.33B | 905.97M |
| Net Income | -162.71M | -15.18M | 472.87M | 689.90M | 913.43M | 587.86M |
Balance Sheet | ||||||
| Total Assets | 2.74B | 2.85B | 3.02B | 2.94B | 2.60B | 2.21B |
| Cash, Cash Equivalents and Short-Term Investments | 346.22M | 506.70M | 351.38M | 388.11M | 388.75M | 576.29M |
| Total Debt | 913.52M | 931.82M | 951.20M | 890.76M | 832.30M | 800.41M |
| Total Liabilities | 1.47B | 1.45B | 1.48B | 1.47B | 1.35B | 1.35B |
| Stockholders Equity | 1.28B | 1.40B | 1.54B | 1.47B | 1.25B | 864.74M |
Cash Flow | ||||||
| Free Cash Flow | 57.48M | 295.65M | 399.17M | 588.75M | 651.06M | 508.43M |
| Operating Cash Flow | 120.07M | 402.76M | 549.03M | 807.63M | 786.84M | 572.90M |
| Investing Cash Flow | -42.36M | -85.55M | -154.34M | -302.15M | -442.80M | -97.96M |
| Financing Cash Flow | -58.69M | -160.45M | -435.28M | -506.78M | -524.21M | -184.46M |
Atkore International Group Technical Analysis
Positive
93.63
Price Trends
94.15
Positive
85.87
Positive
76.52
Positive
Market Momentum
0.52
Positive
73.06
Negative
92.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATKR, the sentiment is Positive. The current price of 93.63 is below the 20-day moving average (MA) of 94.73, below the 50-day MA of 94.15, and above the 200-day MA of 76.52, indicating a bullish trend. The MACD of 0.52 indicates Positive momentum. The RSI at 73.06 is Negative, neither overbought nor oversold. The STOCH value of 92.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ATKR.
Atkore International Group Risk Analysis
Atkore International Group disclosed 50 risk factors in its most recent earnings report. Atkore International Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Atkore International Group Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $24.34B | 27.18 | 23.65% | 1.23% | 10.61% | 9.52% | |
76 Outperform | $148.36B | 39.95 | 19.56% | 1.10% | 15.53% | -1.21% | |
74 Outperform | $6.21B | 32.44 | 27.51% | 0.21% | 7.04% | 8.18% | |
73 Outperform | $22.62B | 39.60 | 15.76% | 0.57% | 46.19% | 3.13% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $9.67B | 111.71 | 18.39% | ― | ― | ― | |
57 Neutral | $3.21B | -19.62 | -12.14% | 1.39% | 1.63% | -253.37% |
* Industrials Sector Average
ATKR
Atkore International Group
94.96
28.24
42.34%
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Atkore International Group Corporate Events
Business Operations and StrategyM&A TransactionsShareholder Meetings
Atkore Shareholders Approve Merger With Prysmian Group
Positive
Oct 7, 2026
On October 7, 2026, Atkore Inc. held a special meeting of stockholders to vote on its previously announced merger with Prysmian S.p.A., under which a Prysmian subsidiary will merge into Atkore and Atkore will become a wholly owned subsidiary of th...
M&A TransactionsRegulatory Filings and Compliance
Atkore’s HSR Waiting Period Expires in Prysmian Merger
Neutral
Sep 15, 2026
On August 2, 2026, Atkore Inc. entered into a merger agreement under which Trinity Merger Sub, a wholly owned subsidiary of Italy-based Prysmian S.p.A., will merge into Atkore, leaving Atkore as a wholly owned subsidiary of Prysmian. The transacti...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Atkore to be acquired by Prysmian in cash deal
Positive
Aug 3, 2026
On August 2, 2026, Atkore Inc. agreed to be acquired by Italy’s Prysmian S.p.A. in an all-cash merger that values the U.S. electrical infrastructure manufacturer at about $3.8 billion. Atkore shareholders are set to receive $95 per share in ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.