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Shares of Atkore (NYSE:ATKR) rose 0.3% in pre-market trading after the company reported Q2 results.
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Quarterly Results
Earnings per share increased 181.82% year over year to $2.79, which beat the estimate of $1.83.
Revenue of $639,543,000 higher by 40.36% year over year, which beat the estimate of $556,800,000.
Guidance
The upcoming fiscal year's EPS expected to be between $10.00 and $10.70.
The upcoming fiscal year's revenue expected to be between $2,471,000,000 and $2,647,500,000.
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Conference Call Details
Date: Apr 29, 2021
Time: 08:00 AM
Price Action
52-week high: $78.89
Company's 52-week low was at $20.25
Price action over last quarter: Up 43.20%
Company Overview
Atkore Inc is a diversified Industrials company. The company manufactures and distributes electrical raceway products. Atkore has two business segments, Electrical and Infrastructure and Engineered Products and Services. The Electrical and Infrastructure segment offers a broad and diverse range of electrical products, including electrical conduits, armoured and metal-clad cable and cable management systems. The Engineered Products and Services segment manufactures mechanical tube, fence framework, fire sprinkler pipe, metal framing systems, hollow structural sections, and sheets and plates. Also, the company provides ancillary services to customers in the form of slitting and cutting of structural steel sheets.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.