Atkore International: Q1 Earnings Insights

Shares of Atkore International ATKR moved higher by 3.99% to $41.43 after the company reported Q1 results.

Quarterly Results

• Adjusted earnings per share were up 27.03% over the past year to $0.94, which beat the estimate of $0.82.
• Revenue of $447,448,000 lower by 1.01% from the same period last year, which missed the estimate of $461,620,000.

Outlook

• Q2 EPS expected between $3.95 and $3.86 compared to the analyst estimate of $3.86.

How To Listen To The Conference Call

• Webcast URL: https://78449.choruscall.com/dataconf/productusers/atkr/mediaframe/34376/indexr.html

Technicals

• 52-week high: $43.50
• 52-week low: $20.52
• Price action over last quarter: Up 3.47%

Company Overview

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.