Atkore International: Q3 Earnings Insights

Shares of Atkore International ATKR rose 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 35.58% year over year to $0.67, which beat the estimate of $0.48.

Revenue of $384,899,000 decreased by 22.00% from the same period last year, which beat the estimate of $364,640,000.

Guidance

The upcoming fiscal year's EPS expected to be between $3.26 and $3.26.

The upcoming fiscal year's revenue expected to be between $1,725,000,000 and $1,725,000,000.

How To Listen To The Conference Call

Date: Aug 04, 2020

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.atkore.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2461320&sessionid=1&key=E3CD6783444841654E2E051B7B7D3309&regTag=&sourcepage=register

Price Action

52-week high: $43.50

52-week low: $10.85

Price action over last quarter: Up 27.71%

Company Profile

Atkore International Group Inc is a diversified Industrials company. The company manufactures and distributes electrical raceway products. Atkore International has two business segments, Electrical Raceway and Mechanical Products & Solutions. The Electrical Raceway segment manufactures products such as electrical conduits, armored cables, cable trays, and mounting systems. The Mechanical Products & Solutions segment manufacturers metal framing products and galvanized mechanical tubes. The company generates most of its revenue in the United States.

Posted In: EarningsNews