# EDGAR Filing Document

**Accession Number:** 0001666138
**File Stem:** 0001666138-25-000153
**Filing Date:** 2025-8
**Character Count:** 84283
**Document Hash:** 23129f65c05b0dbfcd5d268f9076dbdd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001666138-25-000153.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0001666138-25-000153

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 35

**CONFORMED PERIOD OF REPORT**: 20250805

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250804

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Atkore Inc.
- **CENTRAL INDEX KEY:** 0001666138
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 900631463
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37793
- **FILM NUMBER:** 251181857

**BUSINESS ADDRESS:**
- **STREET 1:** 16100 SOUTH LATHROP AVENUE
- **CITY:** HARVEY
- **STATE:** IL
- **ZIP:** 60426
- **BUSINESS PHONE:** 7083391610

**MAIL ADDRESS:**
- **STREET 1:** 16100 SOUTH LATHROP AVENUE
- **CITY:** HARVEY
- **STATE:** IL
- **ZIP:** 60426

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Atkore International Group Inc.
- **DATE OF NAME CHANGE:** 20160205

?xml version='1.0' encoding='ASCII'? atkr-20250805

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 5, 2025

![New Logo.gif](atkr-20250805_g1.gif)

**Atkore Inc.** 

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-37793** | **90-0631463** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

**16100 South Lathrop Avenue, Harvey, Illinois 60426** 

**(Address of principal executive offices) (Zip Code)**

**(708) 339-1610** 

**(Registrant's telephone number, including area code)**

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading symbol** | **Name of each exchange on which registered** |
| Common Stock, $.01 par value per share | ATKR | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

&nbsp;&nbsp;&nbsp;&nbsp;

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02. Results of Operations and Financial Condition.\***

&nbsp;&nbsp;&nbsp;&nbsp;On August 5, 2025, Atkore International Group Inc. (the "Company" or "Atkore") issued a press release announcing the Company's financial results for its fiscal 2025 third quarter ended June 27, 2025. A copy of the press release is being furnished as Exhibit 99.1 and incorporated herein by reference.

**Item 7.01. Regulation FD Disclosure.\***

&nbsp;&nbsp;&nbsp;&nbsp;The slide presentation attached hereto as Exhibit 99.2, and incorporated herein by reference, will be presented to certain Atkore investors on August 5, 2025 and may be used by Atkore in various other presentations to investors.

**Item 9.01. Financial Statements and Exhibits.\***

---

| | |
|:---|:---|
| <u>Exhibit No.</u> &nbsp;&nbsp;&nbsp;&nbsp; | <u>Description of Exhibit</u> |
| 99.1 | <u>[Press Release, dated August 5, 2025.](atkr3q25exhibit991.htm)</u> |
| 99.2 | <u>[Presentation to investors, dated August 5, 2025.](q32025earningsdeck-vf.htm)</u>  |
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K |
| \* | In accordance with General Instruction B.2 of Form 8-K, the information in Items 2.02 and 7.01 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 attached hereto, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 ("Exchange Act"), as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ATKORE INC.

By: <u>/s/ Daniel S. Kelly&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Daniel S. Kelly

Vice President, General Counsel and Secretary

Date: August 5, 2025

## Exhibit 99.1

---

| | |
|:---|:---|
| ![atkorelogoa.jpg](atkorelogoa.jpg) | ***Exhibit 99.1*** |

---

**Atkore Inc. Announces Third Quarter 2025 Results**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Net sales of $735.0 million, down 10.6% versus prior year

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net income per diluted share decreased by $2.08 versus prior year to $1.25; Adjusted net income per diluted share decreased by $2.17 versus prior year to $1.63

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net income decreased by $80.5 million versus prior year to $43.0 million; Adjusted EBITDA decreased by $106.2 million versus prior year to $99.9 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Maintaining full-year Adjusted EBITDA outlook midpoint of $400 million; Increasing full-year Adjusted net income per diluted share midpoint to $6.50

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• On July 30, 2025, Atkore's Board of Directors approved a quarterly dividend payment of $0.33 per share of common stock payable on August 29, 2025 to stockholders of record on August 19, 2025

HARVEY, IL. *—* August 5, 2025 (BUSINESS WIRE) - Atkore Inc. (the "Company" or "Atkore") (NYSE: ATKR) announced earnings for its fiscal 2025 third quarter ended June 27, 2025.

"Atkore delivered another strong quarter of financial results, achieving Net Sales, Adjusted EBITDA and Adjusted EPS towards the top end of the ranges we presented during our last earnings call in May," commented Bill Waltz, Atkore's President and Chief Executive Officer. "We grew organic volume 2% year-over-year and recognized solid productivity improvements."

Waltz continued, "I am so proud of all that we've achieved as a team over the past several years and have the utmost confidence in what Atkore can achieve going forward. Our strength as a company has always come from our strategy, process, and most importantly, our people. Earlier today, I indicated my decision to retire from Atkore having recently informed the Board. I am focused on a seamless transition and plan to lead Atkore in my current roles until a successor is appointed."

**2025 Third Quarter Results**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Three months ended | Three months ended | Three months ended | Three months ended |
| **<u>(in thousands)</u>** | June 27, 2025 | June 28, 2024 | Change | % Change |
| Net sales |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Electrical | $521308 | $605962 | $(84654) | (14.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Safety & Infrastructure | 213963 | 217024 | (3061) | (1.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Eliminations | (226) | (622) | 396 | (63.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated operations | $735045 | $822364 | $(87319) | (10.6)% |
| Net (loss) income | $42962 | $123417 | $(80455) | (65.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Electrical | $81235 | $182568 | $(101333) | (55.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Safety & Infrastructure | 30731 | 30042 | 689 | 2.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Unallocated | (12045) | (6485) | (5560) | 85.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated operations | $99921 | $206125 | $(106204) | (51.5)% |

---

------

---

| | |
|:---|:---|
| ![atkorelogoa.jpg](atkorelogoa.jpg) | ***Exhibit 99.1*** |

---

Net sales decreased by $87.3 million, or 10.6%, to $735.0 million for the three months ended June 27, 2025, compared to $822.4 million for the three months ended June 28, 2024. The decrease in net sales is primarily attributed to decreased average selling prices across the Company's products of $100.5 million and the impact of divestitures in fiscal 2025 of $4.2 million, partially offset by increased sales volume of $15.4 million.

Gross profit decreased by $107.6 million, or 38.5%, to $172.1 million for the three months ended June 27, 2025, as compared to $279.7 million for the prior-year period. Gross margin decreased to 23.4% for the three months ended June 27, 2025, as compared to 34.0% for the prior-year period. Gross profit decreased primarily due to declines in average selling prices of $100.5 million and increased freight costs of $4.2 million.

Net income decreased by $80.5 million, or 65.2%, to $43.0 million for the three months ended June 27, 2025 compared to $123.4 million of net income for the prior-year period primarily due to lower gross profit of $107.6 million, partially offset by lower income tax expense of $22.4 million and lower intangible amortization of $3.1 million.

Adjusted EBITDA decreased by $106.2 million, or 51.5%, to $99.9 million for the three months ended June 27, 2025 compared to $206.1 million for the three months ended June 28, 2024. The decrease was primarily due to lower gross profit.

Net income per diluted share prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") was $1.25 for the three months ended June 27, 2025, as compared to $3.33 in the prior-year period. Adjusted net income per diluted share decreased by $2.17 to $1.63 for the three months ended June 27, 2025, as compared to $3.80 in the prior year period. The decrease in diluted earnings per share is primarily attributed to lower net income in the quarter.

**Segment Results**

**<u>Electrical</u>** 

Net sales decreased by $84.7 million, or 14.0%, to $521.3 million for the three months ended June 27, 2025 compared to $606.0 million for the three months ended June 28, 2024. The decrease in net sales is primarily attributed to decreased average selling prices of $92.2 million and the impact of divestitures in fiscal 2025 of $4.2 million, partially offset by increased sales volume of $9.5 million.

Adjusted EBITDA for the three months ended June 27, 2025 decreased by $101.3 million, or 55.5%, to $81.2 million from $182.6 million for the three months ended June 28, 2024. Adjusted EBITDA margin decreased to 15.6% for the three months ended June 27, 2025 compared to 30.1% for the three months ended June 28, 2024. The decrease in Adjusted EBITDA and Adjusted EBITDA margin was largely due to lower average selling prices.

**<u>Safety & Infrastructure</u>**

Net sales decreased by $3.1 million, or 1.4%, for the three months ended June 27, 2025 to $214.0 million compared to $217.0 million for the three months ended June 28, 2024. The decrease is primarily attributed to lower selling prices of $8.3 million partially offset by higher sales volume of $5.9 million.

Adjusted EBITDA increased by $0.7 million, or 2.3%, to $30.7 million for the three months ended June 27, 2025 compared to $30.0 million for the three months ended June 28, 2024. Adjusted EBITDA margin increased to 14.4% for the three months ended June 27, 2025 compared to 13.8% for the three months ended June 28, 2024. The increase in Adjusted EBITDA and Adjusted EBITDA margin was largely due related to increases associated with our construction business and our cable management and metal framing products in North America.

------

---

| | |
|:---|:---|
| ![atkorelogoa.jpg](atkorelogoa.jpg) | ***Exhibit 99.1*** |

---

**Liquidity & Capital Resources**

On July 30, 2025, Atkore's Board of Directors approved a quarterly dividend payment of $0.33 per share of common stock payable on August 29, 2025 to stockholders of record on August 19, 2025.

**Full-Year Outlook**<sup>1</sup> The Company is maintaining the midpoint of its estimate for fiscal year 2025 Adjusted EBITDA to be approximately $400 million while adjusting the range to be between $390 million and $410 million and increasing its estimate for Adjusted net income per diluted share to $6.25 - $6.75.

The Company notes that this perspective may vary due to changes in assumptions or market conditions and other factors described under "Forward-Looking Statements."

**Conference Call Information**

Atkore management will host a conference call today, August 5, 2025, at 8 a.m. Eastern time, to discuss the Company's financial results. The conference call may be accessed by dialing (888) 330-2446 (domestic) or (240) 789-2732 (international). The call will be available for replay until August 19, 2025. The replay can be accessed by dialing (800) 770-2030 for domestic callers, or for international callers, (609) 800-9909. The passcode for the live call and the replay is 5592214.

Interested investors and other parties can also listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at <u>https://investors.atkore.com</u>. The online replay will be available on the same website immediately following the call.

To learn more about the Company, please visit the Company's website at <u>https://investors.atkore.com</u>.

**About Atkore Inc.**

Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications. With 5,600 employees and $3.2B in sales in fiscal year 2024, we deliver sustainable solutions to meet the growing demands of electrification and digital transformation. To learn more, please visit <u>www.atkore.com</u>.

**Dissemination of Company Information**

Atkore intends to make future announcements regarding company developments and financial performance through its website, <u>www.atkore.com,</u> as well as through press releases, filings with the Securities and Exchange Commission (the "SEC"), conference calls, media broadcasts, and webcasts.

**Media Contact:**

Lisa Winter

Vice President - Communications

708-225-2453

AtkoreCommunications@atkore.com

**Investor Contact:** 

Matthew Kline

Vice President - Treasury & Investor Relations

708-225-2116

Investors@atkore.com

<sup>1</sup> Reconciliations of the forward-looking full-year 2025 outlook for Adjusted EBITDA and Adjusted net income per diluted share are not being provided as the Company does not currently have sufficient data to accurately estimate the variables and individual adjustments for such reconciliations. Accordingly, we are relying on the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K to exclude these reconciliations.

------

---

| | |
|:---|:---|
| ![atkorelogoa.jpg](atkorelogoa.jpg) | ***Exhibit 99.1*** |

---

**Forward-Looking Statements**

This press release contains "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements relating to financial outlook. Some of the forward-looking statements can be identified by the use of forward-looking terms such as "believes," "expects," "may," "will," "shall," "should," "would," "could," "seeks," "aims," "projects," "is optimistic," "intends," "plans," "estimates," "anticipates" or other comparable terms. Forward-looking statements include, without limitation, all matters that are not historical facts. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of the market in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results of operations, financial condition and cash flows, and the development of the market in which we operate, are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.

A number of important factors, including, without limitation, the risks and uncertainties disclosed in the Company's filings with the SEC including but not limited to the Company's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K could cause actual results and outcomes to differ materially from those reflected in the forward-looking statements. Additional factors that could cause actual results and outcomes to differ from those reflected in forward-looking statements include, without limitation: declines in, and uncertainty regarding, the general business and economic conditions in the United States and international markets in which we operate; weakness or another downturn in the United States non-residential construction industry; changes in prices of raw materials; pricing pressure, reduced profitability, or loss of market share due to intense competition; availability and cost of third-party freight carriers and energy; high levels of imports of products similar to those manufactured by us; changes in federal, state, local and international governmental regulations and trade policies, including application of tariffs; adverse weather conditions; increased costs relating to future capital and operating expenditures to maintain compliance with environmental, health and safety laws; reduced spending by, deterioration in the financial condition of, or other adverse developments, including inability or unwillingness to pay our invoices on time, with respect to one or more of our top customers; increases in our working capital needs, which are substantial and fluctuate based on economic activity and the market prices for our main raw materials, including as a result of failure to collect, or delays in the collection of, cash from the sale of manufactured products; work stoppage or other interruptions of production at our facilities as a result of disputes under existing collective bargaining agreements with labor unions or in connection with negotiations of new collective bargaining agreements, as a result of supplier financial distress, or for other reasons; widespread outbreak of diseases; changes in our financial obligations relating to pension plans that we maintain in the United States; reduced production or distribution capacity due to interruptions in the operations of our facilities or those of our key suppliers; loss of a substantial number of our third-party agents or distributors or a dramatic deviation from the amount of sales they generate; security threats, attacks, or other disruptions to our information systems, or failure to comply with complex network security, data privacy and other legal obligations or the failure to protect sensitive information; possible impairment of goodwill or other long-lived assets as a result of future triggering events, such as declines in our cash flow projections or customer demand and changes in our business and valuation assumptions; safety and labor risks associated with the manufacture and in the testing of our products; product liability, construction defect and warranty claims and litigation relating to our various products, as well as government inquiries and investigations, and consumer, employment, tort and other legal proceedings; our ability to protect our intellectual property and other material proprietary rights; risks inherent in doing business internationally; changes in foreign laws and legal systems; our inability to introduce new products effectively or implement our innovation strategies; our inability to continue importing raw materials, component parts and/or finished goods; the incurrence of liabilities and the issuance of additional debt or equity in connection with acquisitions, joint ventures or divestitures and the failure of indemnification provisions in our

------

---

| | |
|:---|:---|
| ![atkorelogoa.jpg](atkorelogoa.jpg) | ***Exhibit 99.1*** |

---

acquisition agreements to fully protect us from unexpected liabilities; failure to manage acquisitions successfully, including identifying, evaluating, and valuing acquisition targets and integrating acquired companies, businesses or assets; the incurrence of additional expenses, increases in the complexity of our supply chain and potential damage to our reputation with customers resulting from regulations related to "conflict minerals"; disruptions or impediments to the receipt of sufficient raw materials resulting from various anti-terrorism security measures; restrictions contained in our debt agreements; failure to generate cash sufficient to pay the principal of, interest on, or other amounts due on our debt; failure to generate cash sufficient to pay dividends; challenges attracting and retaining key personnel or high-quality employees; future changes to tax legislation; failure to generate sufficient cash flow from operations or to raise sufficient funds in the capital markets to satisfy existing obligations and support the development of our business; and other risks and factors described from time to time in documents that we file with the SEC. The Company assumes no obligation to update the information contained herein, which speaks only as of the date hereof.

**Non-GAAP Financial Information**

This press release includes certain financial information, not prepared in accordance with Generally Accepted Accounting Principles in the United States ("GAAP"). Because not all companies calculate non-GAAP financial information identically (or at all), the presentations herein may not be comparable to other similarly titled measures used by other companies. Further, these measures should not be considered substitutes for the performance measures derived in accordance with GAAP. See non-GAAP reconciliations below in this press release for a reconciliation of these measures to the most directly comparable GAAP financial measures.

**Adjusted EBITDA and Adjusted EBITDA Margin**

We use Adjusted EBITDA and Adjusted EBITDA margin in evaluating the performance of our business and in the preparation of our annual operating budgets as indicators of business performance and profitability. We believe Adjusted EBITDA and Adjusted EBITDA margin allow us to readily view operating trends, perform analytical comparisons and identify strategies to improve operating performance.

We define Adjusted EBITDA as net income (loss) before income taxes, adjusted to exclude unallocated expenses, depreciation and amortization, interest expense, net, stock-based compensation, loss on extinguishment of debt, gains and losses on the divestiture of a business, impairment of assets, certain legal matters, and other items, such as inventory reserves and adjustments, loss on disposal of property, plant and equipment, insurance recovery related to damages of property, plant and equipment, release of indemnified uncertain tax positions, realized or unrealized gain (loss) on foreign currency impacts of intercompany loans and related forward currency derivatives, gain on purchase of business, loss on assets held for sale, restructuring costs and transaction costs. We define Adjusted EBITDA margin as Adjusted EBITDA as a percentage of Net sales.

We believe Adjusted EBITDA and Adjusted EBITDA margin, when presented in conjunction with comparable GAAP measures, are useful for investors because management uses Adjusted EBITDA and Adjusted EBITDA margin in evaluating the performance of our business.

**Adjusted Net Income and Adjusted Net Income per Share**

We use Adjusted net income and Adjusted net income per share in evaluating the performance of our business and profitability. Management believes that these measures provide useful information to investors by offering additional ways of viewing the Company's results that, when reconciled to the corresponding GAAP measure provide an indication of performance and profitability excluding the impact of unusual and certain non-cash items. We define Adjusted net income as net income before stock-based compensation, loss on extinguishment of debt, loss on assets held for sale, gains and losses on the divestiture of a business (including any additional tax adjustments related to those divestitures), insurance recoveries, asset impairment charges, intangible asset amortization, certain legal matters

------

---

| | |
|:---|:---|
| ![atkorelogoa.jpg](atkorelogoa.jpg) | ***Exhibit 99.1*** |

---

and other items, and the income tax expense or benefit on the foregoing adjustments that are subject to income tax. We define Adjusted net income per share as basic and diluted net income per share excluding the per share impact of stock-based compensation, intangible asset amortization, certain legal matters and other items, and the income tax expense or benefit on the foregoing adjustments that are subject to income tax.

**Free Cash Flow**

We define Free Cash Flow as net cash provided by (used in) operating activities, less capital expenditures. We believe that Free Cash Flow provides meaningful information regarding the Company's liquidity.

------

**ATKORE INC.**

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**

**(Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Three months ended | Three months ended | Nine months ended | Nine months ended |
| **<u>(in thousands, except per share data)</u>** | June 27, 2025 | June 28, 2024 | June 27, 2025 | June 28, 2024 |
| Net sales | $735045 | $822364 | $2098367 | $2413756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of sales | 562985 | 542709 | 1570102 | 1551986 |
| Gross profit | 172060 | 279655 | 528265 | 861770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling, general and administrative | 98139 | 97987 | 288630 | 297147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intangible asset amortization | 10108 | 13216 | 31972 | 41904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset impairment charges |  |  | 127733 |  |
| Operating income | 63813 | 168452 | 79930 | 522719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense, net | 8873 | 9944 | 25343 | 26058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other (income) expense, net | (150) | 560 | 7409 | 1302 |
| Income before income taxes | 55090 | 157948 | 47178 | 495359 |
| Income tax expense | 12128 | 34531 | 7935 | 95606 |
| Net income | $42962 | $123417 | $39243 | $399753 |
| Net income per share |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | $1.26 | $3.36 | $1.15 | $10.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | $1.25 | $3.33 | $1.14 | $10.61 |

---

------

**ATKORE INC.** 

**CONDENSED CONSOLIDATED BALANCE SHEETS** 

**(Unaudited)** 

---

| | | |
|:---|:---|:---|
| **<u>(in thousands, except share and per share data)</u>** | June 27, 2025 | September 30, 2024 |
| **Assets** |  |  |
| Current Assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $331017 | $351385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, less allowance for current and expected credit losses of $5,229 and $6,322, respectively | 553934 | 489926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories, net | 513753 | 524695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 174936 | 158382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 1573640 | 1524388 |
| Property, plant and equipment, net | 627602 | 652093 |
| Intangible assets, net | 208566 | 340431 |
| Goodwill | 314191 | 314000 |
| Right-of-use assets, net | 158990 | 180656 |
| Deferred tax assets | 24932 | 554 |
| Other long-term assets | 9231 | 9281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Assets** | $2917152 | $3021403 |
| **Liabilities and Equity** |  |  |
| Current Liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 225907 | 262201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax payable | 2548 | 2000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued compensation and employee benefits | 39457 | 44723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer liabilities | 148498 | 108782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease obligations | 25490 | 22038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current liabilities | 67415 | 71122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 509315 | 510866 |
| Long-term debt | 764387 | 764838 |
| Long-term lease obligations | 146215 | 164328 |
| Deferred tax liabilities | 14884 | 26574 |
| Other long-term liabilities | 16631 | 14897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities** | 1451432 | 1481503 |
| Equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock, $0.01 par value, 1,000,000,000 shares authorized, 33,655,743 and 34,859,033 shares issued and outstanding as of June 27, 2025 and September 30, 2024, respectively | 337 | 350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 524409 | 509254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 954589 | 1049390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (13615) | (19094) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Equity** | 1465720 | 1539900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Liabilities and Equity** | $2917152 | $3021403 |

---

------

**ATKORE INC.** 

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS** 

**(Unaudited)** 

---

| | | |
|:---|:---|:---|
| | Nine months ended | Nine months ended |
| **<u>(in thousands)</u>** | June 27, 2025 | June 28, 2024 |
| Operating activities: |  |  |
| Net income | $39243 | $399753 |
| Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 87603 | 88407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset impairment charges | 127733 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss on sale of business | 6101 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | (38886) | (1065) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 21056 | 14273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of right-of-use assets | 23494 | 21200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Gain) on disposal of property, plant and equipment | (5) | (621) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other non-cash adjustments to net income | 10516 | 4563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities, net of effects from acquisitions |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | (64497) | 57721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | 801 | (80674) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 1119 | (11636) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | (24080) | (52093) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued and other liabilities | 9857 | (60136) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income taxes | (12584) | (32193) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other, net | 4888 | 2458 |
| Net cash provided by operating activities | 192359 | 349957 |
| Investing activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital expenditures | (84920) | (105098) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from sale of a business | 6711 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from sale of properties and equipment | 7137 | 457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from insurance claims | 1770 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisition of businesses, net of cash acquired |  | (6036) |
| Net cash used in investing activities | (69302) | (110677) |
| Financing activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payment for debt financing costs and fees | (2041) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of common stock, net of shares withheld for tax | (5900) | (18926) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repurchase of common stock | (100026) | (281019) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance lease payments | (2087) | (1402) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends paid to shareholders | (33095) | (23248) |
| Net cash used in financing activities | (143149) | (324595) |
| Effects of foreign exchange rate changes on cash and cash equivalents | (276) | 858 |
| Decrease in cash and cash equivalents | (20368) | (84457) |
| Cash and cash equivalents at beginning of period | 351385 | 388114 |
| Cash and cash equivalents at end of period | $331017 | $303657 |

---

------

---

| | | |
|:---|:---|:---|
| | Nine months ended | Nine months ended |
| **<u>(in thousands)</u>** | June 27, 2025 | June 28, 2024 |
| Supplementary Cash Flow Information |  |  |
| Capital expenditures, not yet paid | $732 | $4660 |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | $4986 | $45453 |
| Free Cash Flow: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by operating activities | $192359 | $349957 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital expenditures | (84920) | (105098) |
| Free Cash Flow: | $107439 | $244859 |

---

------

**ATKORE INC.** 

**ADJUSTED EBITDA**

The following table presents reconciliations of Adjusted EBITDA to net income for the periods presented:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Three months ended | Three months ended | Nine months ended | Nine months ended |
| **<u>(in thousands)</u>** | June 27, 2025 | June 28, 2024 | June 27, 2025 | June 28, 2024 |
| Net income | $42962 | $123417 | $39243 | $399753 |
| Interest expense, net | 8873 | 9944 | 25343 | 26058 |
| Income tax expense | 12128 | 34531 | 7935 | 95606 |
| Depreciation and amortization | 29033 | 29932 | 87603 | 88407 |
| Stock-based compensation | 7246 | 4488 | 21056 | 14273 |
| Loss on sale of business |  |  | 6101 |  |
| Asset impairment charges |  |  | 127733 |  |
| Other <sup>(a)</sup> | (321) | 3813 | 465 | 7465 |
| Adjusted EBITDA | $99921 | $206125 | $315479 | $631563 |
| (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs. | (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs. | (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs. | (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs. | (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs. |

---

------

**ATKORE INC.** 

**SEGMENT INFORMATION**

The following table presents reconciliations of Net sales and calculations of Adjusted EBITDA margin by segment for the periods presented:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended |
| | June 27, 2025 | June 27, 2025 | June 27, 2025 | June 28, 2024 | June 28, 2024 | June 28, 2024 |
| **<u>(in thousands)</u>** | Net sales | Adjusted EBITDA | Adjusted EBITDA margin | Net sales | Adjusted EBITDA | Adjusted EBITDA margin |
| Electrical | $521308 | $81235 | 15.6% | $605962 | $182568 | 30.1% |
| Safety & Infrastructure | 213963 | 30731 | 14.4% | 217024 | 30042 | 13.8% |
| Eliminations | (226) |  |  | (622) |  |  |
| &nbsp;&nbsp;&nbsp;Consolidated operations | $735045 |  |  | $822364 |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | Nine months ended | Nine months ended | Nine months ended | Nine months ended | Nine months ended | Nine months ended |
| | June 27, 2025 | June 27, 2025 | June 27, 2025 | June 28, 2024 | June 28, 2024 | June 28, 2024 |
| **<u>(in thousands)</u>** | Net sales | Adjusted EBITDA | Adjusted EBITDA margin | Net sales | Adjusted EBITDA | Adjusted EBITDA margin |
| Electrical | $1479340 | $264564 | 17.9% | $1790443 | $582679 | 32.5% |
| Safety & Infrastructure | 619960 | 82374 | 13.3% | 624569 | 75084 | 12.0% |
| Eliminations | (933) |  |  | (1256) |  |  |
| &nbsp;&nbsp;&nbsp;Consolidated operations | $2098367 |  |  | $2413756 |  |  |

---

------

**ATKORE INC.** 

**ADJUSTED NET INCOME PER DILUTED SHARE**

The following table presents reconciliations of Adjusted net income to net income for the periods presented:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Three months ended | Three months ended | Nine months ended | Nine months ended |
| **<u>(in thousands, except per share data)</u>** | June 27, 2025 | June 28, 2024 | June 27, 2025 | June 28, 2024 |
| **Net income** | $42962 | $123417 | $39243 | $399753 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 7246 | 4488 | 21056 | 14273 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible asset amortization | 10108 | 13216 | 31972 | 41904 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on sale of business |  |  | 6101 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset impairment charges |  |  | 127733 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other <sup>(a)</sup> | (966) | 3134 | (1304) | 5807 |
| Pre-tax adjustments to net income | 16388 | 20838 | 185558 | 61984 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax effect | (4097) | (5210) | (46390) | (15496) |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional tax expense related to divestiture of a business | 51 |  | 3996 |  |
| **Adjusted net income** | $55304 | $139046 | $182407 | $446241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted weighted average common shares outstanding | 33853 | 36616 | 34391 | 37174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income per diluted share | $1.25 | $3.33 | $1.14 | $10.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted net income per diluted share | $1.63 | $3.80 | $5.30 | $12.00 |
| (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans and insurance recoveries. | (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans and insurance recoveries. | (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans and insurance recoveries. | (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans and insurance recoveries. | (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans and insurance recoveries. |

---

------

**ATKORE INC.** 

**NET DEBT**

The following table presents reconciliations of Net debt to Total debt for the periods presented:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **<u>($ in thousands)</u>** | June 27, 2025 | March 28, 2025 | December 27, 2024 | September 30, 2024 | June 28, 2024 | March 29, 2024 |
| Long-term debt | $764387 | $765913 | $765375 | $764838 | $764300 | $763762 |
| Total debt | 764387 | 765913 | 765375 | 764838 | 764300 | 763762 |
| Less cash and cash equivalents | 331017 | 330385 | 310444 | 351385 | 303657 | 368050 |
| Net debt | $433370 | $435528 | $454931 | $413453 | $460643 | $395712 |
| TTM Adjusted EBITDA <sup>(a)</sup> | $455629 | $561833 | $657338 | $771713 | $863539 | $927676 |
| (a) TTM Adjusted EBITDA is equal to the sum of Adjusted EBITDA for the trailing four quarter period. <u>[The reconciliation of Adjusted EBITDA for the quarter ended](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[March](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[2](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[8](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[can be found in Exhibit 99.1 to Form 8-K filed](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[May](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[6](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended December 27, 2024 can be found in Exhibit 99.1 to Form 8-K filed February 4, 2025 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613825000028/atkr1q25exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended September 30, 2024 can be found in Exhibit 99.1 to Form 8-K filed November 21, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000161/atkr-20241121.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended June 28, 2024 can be found in Exhibit 99.1 to Form 8-K filed August 6, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000067/atkr3q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended March 29, 2024 can be found in Exhibit 99.1 to Form 8-K filed May 7, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000046/atkr2q24exhibit991.htm)</u>  | (a) TTM Adjusted EBITDA is equal to the sum of Adjusted EBITDA for the trailing four quarter period. <u>[The reconciliation of Adjusted EBITDA for the quarter ended](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[March](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[2](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[8](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[can be found in Exhibit 99.1 to Form 8-K filed](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[May](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[6](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended December 27, 2024 can be found in Exhibit 99.1 to Form 8-K filed February 4, 2025 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613825000028/atkr1q25exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended September 30, 2024 can be found in Exhibit 99.1 to Form 8-K filed November 21, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000161/atkr-20241121.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended June 28, 2024 can be found in Exhibit 99.1 to Form 8-K filed August 6, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000067/atkr3q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended March 29, 2024 can be found in Exhibit 99.1 to Form 8-K filed May 7, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000046/atkr2q24exhibit991.htm)</u>  | (a) TTM Adjusted EBITDA is equal to the sum of Adjusted EBITDA for the trailing four quarter period. <u>[The reconciliation of Adjusted EBITDA for the quarter ended](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[March](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[2](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[8](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[can be found in Exhibit 99.1 to Form 8-K filed](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[May](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[6](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended December 27, 2024 can be found in Exhibit 99.1 to Form 8-K filed February 4, 2025 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613825000028/atkr1q25exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended September 30, 2024 can be found in Exhibit 99.1 to Form 8-K filed November 21, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000161/atkr-20241121.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended June 28, 2024 can be found in Exhibit 99.1 to Form 8-K filed August 6, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000067/atkr3q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended March 29, 2024 can be found in Exhibit 99.1 to Form 8-K filed May 7, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000046/atkr2q24exhibit991.htm)</u>  | (a) TTM Adjusted EBITDA is equal to the sum of Adjusted EBITDA for the trailing four quarter period. <u>[The reconciliation of Adjusted EBITDA for the quarter ended](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[March](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[2](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[8](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[can be found in Exhibit 99.1 to Form 8-K filed](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[May](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[6](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended December 27, 2024 can be found in Exhibit 99.1 to Form 8-K filed February 4, 2025 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613825000028/atkr1q25exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended September 30, 2024 can be found in Exhibit 99.1 to Form 8-K filed November 21, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000161/atkr-20241121.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended June 28, 2024 can be found in Exhibit 99.1 to Form 8-K filed August 6, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000067/atkr3q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended March 29, 2024 can be found in Exhibit 99.1 to Form 8-K filed May 7, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000046/atkr2q24exhibit991.htm)</u>  | (a) TTM Adjusted EBITDA is equal to the sum of Adjusted EBITDA for the trailing four quarter period. <u>[The reconciliation of Adjusted EBITDA for the quarter ended](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[March](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[2](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[8](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[can be found in Exhibit 99.1 to Form 8-K filed](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[May](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[6](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended December 27, 2024 can be found in Exhibit 99.1 to Form 8-K filed February 4, 2025 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613825000028/atkr1q25exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended September 30, 2024 can be found in Exhibit 99.1 to Form 8-K filed November 21, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000161/atkr-20241121.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended June 28, 2024 can be found in Exhibit 99.1 to Form 8-K filed August 6, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000067/atkr3q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended March 29, 2024 can be found in Exhibit 99.1 to Form 8-K filed May 7, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000046/atkr2q24exhibit991.htm)</u>  | (a) TTM Adjusted EBITDA is equal to the sum of Adjusted EBITDA for the trailing four quarter period. <u>[The reconciliation of Adjusted EBITDA for the quarter ended](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[March](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[2](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[8](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[can be found in Exhibit 99.1 to Form 8-K filed](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[May](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[6](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended December 27, 2024 can be found in Exhibit 99.1 to Form 8-K filed February 4, 2025 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613825000028/atkr1q25exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended September 30, 2024 can be found in Exhibit 99.1 to Form 8-K filed November 21, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000161/atkr-20241121.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended June 28, 2024 can be found in Exhibit 99.1 to Form 8-K filed August 6, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000067/atkr3q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended March 29, 2024 can be found in Exhibit 99.1 to Form 8-K filed May 7, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000046/atkr2q24exhibit991.htm)</u>  | (a) TTM Adjusted EBITDA is equal to the sum of Adjusted EBITDA for the trailing four quarter period. <u>[The reconciliation of Adjusted EBITDA for the quarter ended](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[March](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[2](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[8](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[can be found in Exhibit 99.1 to Form 8-K filed](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[May](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[6](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[, 202](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[5](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)[and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000014/atkr1q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended December 27, 2024 can be found in Exhibit 99.1 to Form 8-K filed February 4, 2025 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613825000028/atkr1q25exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended September 30, 2024 can be found in Exhibit 99.1 to Form 8-K filed November 21, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000161/atkr-20241121.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended June 28, 2024 can be found in Exhibit 99.1 to Form 8-K filed August 6, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000067/atkr3q24exhibit991.htm)</u> <u>[The reconciliation of Adjusted EBITDA for the quarter ended March 29, 2024 can be found in Exhibit 99.1 to Form 8-K filed May 7, 2024 and is incorporated by reference herein.](https://www.sec.gov/Archives/edgar/data/1666138/000166613824000046/atkr2q24exhibit991.htm)</u>  |

---

------

**ATKORE INC.** 

**TRAILING TWELVE MONTHS ADJUSTED EBITDA**

The following table presents a reconciliation of Adjusted EBITDA for the trailing twelve months (TTM) ended June 27, 2025:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | TTM | Three months ended | Three months ended | Three months ended | Three months ended |
| **<u>(in thousands)</u>** | June 27, 2025 | June 27, 2025 | March 28, 2025 | December 27, 2024 | September 30, 2024 |
| Net income (loss) | $112360 | $42962 | $(50057) | $46336 | $73119 |
| Interest expense, net | 34869 | 8873 | 8261 | 8209 | 9526 |
| Income tax expense (benefit) | 26694 | 12128 | (16452) | 12260 | 18759 |
| Depreciation and amortization | 120215 | 29033 | 29238 | 29333 | 32611 |
| Stock-based compensation | 27083 | 7246 | 7713 | 6097 | 6027 |
| Loss on sale of business | 6101 |  | 6101 |  |  |
| Asset impairment charges | 127733 |  | 127733 |  |  |
| Other <sup>(a)</sup> | 574 | (321) | 3872 | (3085) | 108 |
| Adjusted EBITDA | $455629 | $99921 | $116408 | $99150 | $140150 |
| (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs. | (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs. | (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs. | (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs. | (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs. | (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs. |

---

## Exhibit 99.2

![](q32025earningsdeck-vf001.jpg)

Third Quarter 2025 Earnings Presentation and Business Update August 5, 2025

------

![](q32025earningsdeck-vf002.jpg)

2© Atkore This presentation is provided for general informational purposes only and it does not include every item which may be of interest, nor does it purport to present full and fair disclosure with respect to Atkore Inc. (the "Company" or "Atkore") or its operational and financial information. Atkore expressly disclaims any current intention to update any forward-looking statements contained in this presentation as a result of new information or future events or developments or otherwise, except as required by federal securities laws. This presentation is not a prospectus and is not an offer to sell securities. This presentation contains forward-looking statements that are subject to known and unknown risks and uncertainties, many of which are beyond our control. All statements other than statements of historical fact included in this presentation are forward-looking statements. Forward-looking statements appearing throughout this presentation include, without limitation, statements regarding our intentions, beliefs, assumptions or current expectations concerning, among other things, financial position; results of operations; cash flows; prospects; growth strategies or expectations; customer retention; the outcome (by judgment or settlement) and costs of legal, administrative or regulatory proceedings, investigations or inspections, including, without limitation, collective, representative or any other litigation; and the impact of prevailing economic conditions. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "believes," "expects," "may," "will," "shall," "should," "would," "could," "seeks," "aims," "projects," "is optimistic," "intends," "plans," "estimates," "anticipates" and other comparable terms. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of the market in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if our results of operations, financial condition and cash flows, and the development of the market in which we operate, are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods. A number of important factors, including, without limitation, the risks and uncertainties disclosed in the Company's filings with the U.S. Securities and Exchange Commission, including but not limited to the Company's most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K could cause actual results and outcomes to differ materially from those reflected in the forward-looking statements. Because of these risks, we caution that you should not place undue reliance on any of our forward-looking statements. New risks and uncertainties arise from time to time, and it is impossible for us to predict those events or how they may affect us. Further, any forward-looking statement speaks only as of the date on which it is made. We undertake no obligation to revise the forward-looking statements in this presentation after the date of this presentation. Market data and industry information used throughout this presentation are based on management's knowledge of the industry and the good faith estimates of management. We also relied, to the extent available, upon management's review of independent industry surveys, forecasts and publications and other publicly available information prepared by a number of third-party sources. All of the market data and industry information used in this presentation involves a number of assumptions and limitations which we believe to be reasonable, but you are cautioned not to give undue weight to such estimates. Although we believe that these sources are reliable, we cannot guarantee the accuracy or completeness of this information, and we have not independently verified this information. While we believe the estimated market position, market opportunity and market size information included in this presentation are generally reliable, such information, which is derived in part from management's estimates and beliefs, is inherently uncertain and imprecise. Projections, assumptions and estimates of our future performance and the future performance of the industry in which we operate are subject to a high degree of uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in our estimates and beliefs and in the estimates prepared by independent parties. This presentation should be read along with the historical financial statements of Atkore, including the most recent audited financial statements. Historical results may not be indicative of future results. We use non-GAAP financial measures to help us describe our operating and financial performance. These measures may include Adjusted EBITDA, Adjusted EBITDA margin (Adjusted EBITDA over Net sales), Net debt (total debt less cash and cash equivalents), Adjusted Net Income Per Diluted Share (also referred to as "Adjusted Diluted EPS"), Leverage ratio (net debt or total debt less cash and cash equivalents, over Adjusted EBITDA on trailing twelve month ("TTM") basis), Free Cash Flow (net cash provided by operating activities less capital expenditures) and Return on Capital to help us describe our operating and financial performance. These non-GAAP financial measures are commonly used in our industry and have certain limitations and should not be construed as alternatives to net income, total debt, net cash provided by operating activities, return on assets, and other income data measures as determined in accordance with generally accepted accounting principles in the United States, or GAAP, or as better indicators of operating performance. These non-GAAP financial measures as defined by us may not be comparable to similarly-titled non-GAAP measures presented by other companies. Our presentation of such non-GAAP financial measures should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. See the appendix to this presentation for a reconciliation of the non-GAAP financial measures presented herein to the most comparable financial measures as determined in accordance with GAAP. Fiscal Periods - The Company has a fiscal year that ends on September 30th. It is the Company's practice to establish quarterly closings using a 4-5-4 calendar. The Company's fiscal quarters typically end on the last Friday in December, March and June. Cautionary Statements

------

![](q32025earningsdeck-vf003.jpg)

3© Atkore Q3 2025 Results & Business Updates 1. See non-GAAP reconciliation in appendix. 822 702 735 Q3 2024 Q2 2025 Q3 2025 +5% 123 -50 43 Q3 2024 Q2 2025 Q3 2025 186% 206 116 100 Q3 2024 Q2 2025 Q3 2025 -14% 3.80 2.04 1.63 Q3 2024 Q2 2025 Q3 2025 -20% Net Sales $M Net Income/(Loss) $M Adjusted EBITDA1 $M Adjusted Diluted EPS1 $/share 3.33 -1.46 1.25 Q3 2024 Q2 2025 Q3 2025 186% Diluted EPS/(Loss) Per Share $/share Net Sales of $735M includes 2% organic volume growth compared to the prior year; volume up 4% sequentially from the second quarter Achieved Net Sales, Adjusted EBITDA and Adjusted Diluted EPS above the midpoint of the Outlook presented in May Maintaining full year Outlook midpoint for Adjusted EBITDA; Increasing Outlook for full year Adjusted Diluted EPS Expect FY 26 to include approximately $50 million of net headwinds to gross margins impacting both selling prices and input costs Business Updates Includes impairment impact Includes impairment impact

------

![](q32025earningsdeck-vf004.jpg)

4© Atkore Q3 Income Statement Summary 1. See non-GAAP reconciliation in appendix. 2. Adjusted EBITDA Margin is Adjusted EBITDA as a percentage of Net Sales. ($'s in millions) Q3 2025 Q3 2024 Y/Y Change Y/Y % Change Net Sales $735.0 $822.4 ($87.3) (10.6%) Operating Income $63.8 $168.5 ($104.6) (62.1%) Net (Loss)/Income $43.0 $123.4 ($80.5) (65.2%) Adjusted EBITDA1 $99.9 $206.1 ($106.2) (51.5%) Adjusted EBITDA Margin2 13.6% 25.1% (1150 bps) - Tax Rate 22.0% 21.9% +10 bps - Net (Loss)/Income Per Share (Diluted) $1.25 $3.33 ($2.08) (62.4%) Adjusted Diluted EPS1 $1.63 $3.80 ($2.17) (57.1%)

------

![](q32025earningsdeck-vf005.jpg)

5© Atkore Consolidated Atkore Bridges 1. "Other" may include items such as F/X, M&A, productivity, solar tax credits, investments, interest and tax rate. 2. See non-GAAP reconciliation in appendix. Adjusted EBITDA Bridge2 Net Sales BridgeQ3 2025 $15 $101 $4 $3 2024 Volume/Mix Price Divestiture Other1 2025 $822M $735M $11 $101 $28 $1 $11 2024 Volume/Mix Price Cost Changes Divestiture Other1 2025 $206M $100M Net Sales % Change Adjusted Diluted EPS Bridge2 Volume/Mix 1.9% Price (12.2%) Divestiture (0.5%) Other1 0.2% Total (10.6%) $3.80 $1.63 $2.33 $0.01 $0.12 $0.03 2024 Quarterly Results Divestiture Share Count Other1 2025

------

![](q32025earningsdeck-vf006.jpg)

6© Atkore FY 2025 YTD Net Sales by Key Product Area1 Key Product Area Trends & Portfolio Update 1. Sales of "Other Electrical products" and "Other Safety & Infrastructure products" have been allocated and included in the presentation of the product area groupings listed for presentation purposes. Source: Management estimates. FY 2025 YTD vs. FY 2024 YTD + LSD% Flat + LSD% + LSD% - MSD% + 0.5% Mechanical Tube & Other Growth attributable to ongoing focus on construction services, including support for data centers, and growth in cable management YTD performance reflects early stages of volume recovery in Q3 following enacted tariffs Strong growth in PVC and fiberglass conduit Growth in sales to municipal water customers offset by expected declines in certain water-related end markets reflecting a planned shift in market focus Patented and differentiated products achieving growth in various end markets Various factors continue to impact installation of utility scale solar projects FY 2024 YTD vs. FY 2023 YTD + DD% Product Area Trends & Portfolio Updates Year-over-Year Volume/Mix % Change 25% 25% 20% 17% 13% $2,098M Metal Framing, Cable Management & Construction Services Plastic Pipe, Conduit & Fittings Metal Electrical Conduit & Fittings Electrical Cable & Flexible Conduit + MSD% + LSD% + LSD% + LSD% + 3.6%

------

![](q32025earningsdeck-vf007.jpg)

7© Atkore Segment Results Q3 Net Sales Bridge Q3 Net Sales Bridge Electrical Safety & Infrastructure ($'s in millions) Q3 2025 Q3 2024 Y/Y Change Net Sales $521.3 $606.0 (14.0%) Adjusted EBITDA $81.2 $182.6 (55.5%) Adjusted EBITDA Margin 15.6% 30.1% (1450 bps) ($'s in millions) Q3 2025 Q3 2024 Y/Y Change Net Sales $214.0 $217.0 (1.4%) Adjusted EBITDA $30.7 $30.0 2.3% Adjusted EBITDA Margin 14.4% 13.8% +60 bps 1. "Other" may include items such as F/X, M&A, productivity, solar tax credits, investments, interest and tax rate. $10 $92 $4 $1 2024 Volume/Mix Price Divestiture Other1 2025 $606M $521M $6 $8 $1 2024 Volume/Mix Price Other1 2025 $217M $214M

------

![](q32025earningsdeck-vf008.jpg)

8© Atkore FY25 YTD Cash Bridge $M Cash & Balance Sheet Summary Debt Maturity Profile $M Atkore's strong balance sheet enables continued execution of our capital deployment model with cash generated by the business, further supported by our recently refinanced asset-based lending agreement $192 $14 $85 $100 $33 $8 FY24 YE Cash Balance Cash Flow From Operating Activities Divestiture & Asset Sales Capital Expenditures Stock Repurchases Dividend Payment Net Other Uses of Cash FY25 YTD Cash Balance $351M $331M $373 $325 $400 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 Undrawn Asset Based Loan Senior Secured Term Loan Senior Notes

------

![](q32025earningsdeck-vf009.jpg)

9© Atkore Updated FY 2025 Outlook O ut lo ok S um m ar y 1. Reconciliations of the forward-looking quarterly and full-year 2025 outlook for Adjusted EBITDA and Adjusted Diluted EPS is not being provided as the Company does not currently have sufficient data to accurately estimate the variables and individual adjustments for such reconciliation. Accordingly, we are relying on the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K to exclude these reconciliations. 2. Represents weighted-average shares outstanding in millions used in calculation of Adjusted Diluted EPS outlook. Outlook Items for Consolidated Atkore Q4 2025 Outlook FY 2025 Outlook Updates to FY 2025 Outlook Midpoint Net Sales $720M – $750M $2.8B – $2.9B ($0.05B) Adjusted EBITDA1 $75M – $95M $390M – $410M – Adjusted Diluted EPS1 $1.05 – $1.35 $6.25 – $6.75 + $0.20 Interest Expense $38M – $42M – Tax Rate ~20% – 23% ~19% – 21% (400 bps) Capital Expenditures $100M – $125M – Stock Repurchases ≥$150M – Diluted Shares Outstanding2 33M – 35M – Net Sales Adjusted EBITDA1 Additional Comments Volume Growth Flat to slightly positive 30% – 35% Incremental Margin Volume expectation reflects mixed construction sentiment for certain end markets Price vs. Cost Price Down $395M – $435M Price vs. Cost Down $395M – $435M Estimated pricing impact primarily driven by PVC Conduit and Steel Conduit; cost impacts from rising aluminum costs A ss um pt io ns

------

![](q32025earningsdeck-vf010.jpg)

10© Atkore Direct Tariff Impacts Believed to be a Net Benefit Metal Framing, Cable Management & Construction Services No material impacts anticipated Organizing supply chain between US and Canadian manufacturing operations Increase in onshoring is believed to be positive for metal framing and construction services due to demand for large industrial and manufacturing projects Plastic Pipe, Conduit & Fittings Expect Chinese, Central and South American import competition to be subject to tariffs Prior perspective appears to remain consistent Metal Electrical Conduit & Fittings Anticipate import competition to be subject to multiple tariffs Tariffs could provide an opportunity for volume recapture Electrical Cable & Flexible Conduit Expect some sourcing impact for material from Canada Aluminum tariff increased to 50%; expect to have greater sourcing impact than previously identified Believe that domestically sourced copper rod is unaffected by recently announced tariffs Mechanical Tube & Other Expect tariffs to provide continued support for domestic production of solar torque tube products in the event of changes to the IRA Believe that the relevant IRA related provisions remain consistent Anticipated Tariff Impact by Key Product Area Initial Perspective Presented 5/6/2025 Updates and Additional ConsiderationsKey Product Area Certain tariffs provide Atkore with a direct opportunity to reclaim volume while other tariffs provide direct and indirect challenges to the broader market

------

![](q32025earningsdeck-vf011.jpg)

11© Atkore Atkore's Strategic Focus – Today and Tomorrow Atkore provides comprehensive solutions to deploy, isolate, and protect critical electrical infrastructure for the long-term Drive operational excellence with the Atkore Business System Meet secular demand for expected growth in core electrical end markets Maintain strong financial profile focusing on shareholder returns Prioritize portfolio of domestically manufactured electrical infrastructure products

------

![](q32025earningsdeck-vf012.jpg)

12© Atkore Appendix

------

![](q32025earningsdeck-vf013.jpg)

13© Atkore Segment Information Three months ended June 27, 2025 June 28, 2024 (in thousands) Net sales Adjusted EBITDA Adjusted EBITDA Margin Net sales Adjusted EBITDA Adjusted EBITDA Margin Electrical $521,308 $81,235 15.6 % $605,962 $182,568 30.1 % Safety & Infrastructure 213,963 30,731 14.4 % 217,024 30,042 13.8 % Eliminations (226) (622) Consolidated operations $735,045 $822,364

------

![](q32025earningsdeck-vf014.jpg)

14© Atkore Consolidated Atkore Inc. Adjusted Diluted EPS Reconciliation (Adjusted Net Income Per Diluted Share) Three months ended (in thousands, except per share data) June 27, 2025 March 28, 2025 June 28, 2024 Net income $42,962 $(50,057) $123,417 Stock-based compensation 7,246 7,713 4,488 Intangible asset amortization 10,108 10,166 13,216 Loss on sale of business — 6,101 — Impairment of assets — 127,733 — Other (a) (966) 3,103 3,134 Pre-tax adjustments to net income 16,388 154,816 20,838 Tax effect (4,097) (38,704) (5,210) Additional tax expense related to divestiture of a business 51 3,946 — Adjusted net income $55,304 $70,001 $139,046 Weighted-average diluted common shares outstanding 33,853 34,290 36,616 Net income per diluted share $1.25 $(1.46) $3.33 Adjusted net income per diluted share $1.63 $2.04 $3.80 (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans and insurance recoveries.

------

![](q32025earningsdeck-vf015.jpg)

15© Atkore Net Income to Adjusted EBITDA Reconciliation Consolidated Atkore Inc. Three months ended (in thousands) June 27, 2025 March 28, 2025 June 28, 2024 Net (loss) income $42,962 $(50,057) $123,417 Interest expense, net 8,873 8,261 9,944 Income tax (benefit) expense 12,128 (16,452) 34,531 Depreciation and amortization 29,033 29,238 29,932 Stock-based compensation 7,246 7,713 4,488 Loss on sale of a business — 6,101 — Impairment of assets — 127,733 — Other (a) (321) 3,872 3,813 Adjusted EBITDA $99,921 $116,408 $206,125 (a) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, (gain) loss on assets held for sale, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans, insurance recoveries, transaction costs and restructuring costs.

------

![](q32025earningsdeck-vf016.jpg)

16© Atkore Total Debt to Net Debt and Leverage Ratio Consolidated Atkore Inc. ($ in thousands) June 27, 2025 March 28, 2025 December 27, 2024 September 30, 2024 June 28, 2024 March 29, 2024 Short-term debt and current maturities of long-term debt $— $— $— $— $— $— Long-term debt 764,387 765,913 765,375 764,838 764,300 763,762 Total debt 764,387 765,913 765,375 764,838 764,300 763,762 Less cash and cash equivalents 331,017 330,385 310,444 351,385 303,657 368,050 Net debt $433,370 $435,528 $454,931 $413,453 $460,643 $395,712 TTM Adjusted EBITDA (a) $455,629 $561,833 $657,338 $771,713 $863,539 $927,676 Total debt/TTM Adjusted EBITDA 1.7 x 1.4 x 1.2 x 1.0 x 0.9 x 0.8 x Net debt/TTM Adjusted EBITDA 1.0 x 0.8 x 0.7 x 0.5 x 0.5 x 0.4 x (a) Leverage ratio and TTM Adjusted EBITDA reconciliations for all periods above can be found either in the appendix, or in Exhibit 99.1 to Form 8-K filed on May 6, 2025, February 4, 2025, November 21, 2024, August 6, 2024, May 7, 2024.

------

![](q32025earningsdeck-vf017.jpg)

17© Atkore Free Cash Flow Reconciliation Consolidated Atkore Inc. Nine months ended (in thousands) June 27, 2025 June 28, 2024 Net cash provided by operating activities $192,359 $349,957 Capital expenditures (84,920) (105,098) Free Cash Flow $107,439 $244,859

------

![](q32025earningsdeck-vf018.jpg)

18© Atkore Abbreviations listed in alphanumeric order Glossary of Terms Abbreviation Description 1H First Half 2H Second Half ABS Atkore Business System Adj. Adjusted AI Artificial Intelligence B Billion Capex Capital Expenditures CY Calendar Year DD% Double Digit Percentage EBITDA Earnings Before Interest, Taxes, Depreciation, & Amortization EPD Environmental Product Declaration EPS Earnings Per Share ESG Environmental, Social, and Governance Est. Estimated Excl. Excluding FX or F/X Foreign Exchange FY Fiscal Year HDPE High Density Polyethylene HSD% High Single Digit Percentage IPO Initial Public Offering Abbreviation Description IRA Inflation Reduction Act LDD% Low Double Digit Percentage LSD% Low Single Digit Percentage M Million M&A Mergers & Acquisitions MSD% Mid Single Digit Percentage PVC Polyvinyl Chloride Q1 First Fiscal Quarter Q2 Second Fiscal Quarter Q3 Third Fiscal Quarter Q4 Fourth Fiscal Quarter RSC Regional Service Center S&I Safety & Infrastructure TTM Trailing Twelve Months U.S. United States of America USD United States Dollar #X Number of Times YE Year End YTD Year to Date

------

![](q32025earningsdeck-vf019.jpg)

19© Atkore atkore.com

------