$ATKR

Atkore Inc.

CIK:0001666138|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 26, 2026	Jun. 27, 2025	Jun. 26, 2026	Jun. 27, 2025
Income Statement [Abstract]
Net sales	$ 794,800	$ 735,045	$ 2,181,724	$ 2,098,367
Cost of sales	618,533	562,985	1,743,408	1,570,102
Gross profit	176,267	172,060	438,316	528,265
Selling, general and administrative	108,669	98,139	316,135	288,630
Intangible asset amortization	3,608	10,108	16,201	31,972
Asset impairment charges	0	0	11,553	127,733
Operating income	63,990	63,813	94,427	79,930
Interest expense, net	6,948	8,873	20,832	25,343
Litigation settlement expense	50,000	0	186,500	0
Other expense (income), net	12,601	(150)	35,886	7,409
Income (loss) before income taxes	(5,559)	55,090	(148,791)	47,178
Income tax expense (benefit)	(6,304)	12,128	(40,496)	7,935
Net income (loss)	$ 745	$ 42,962	$ (108,295)	$ 39,243
Net income (loss) per share
Basic (in dollars per share)	$ 0.02	$ 1.26	$ (3.23)	$ 1.15
Diluted (in dollars per share)	$ 0.02	$ 1.25	$ (3.19)	$ 1.14

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jun. 26, 2026	Jun. 27, 2025
Operating activities:
Net income (loss)	$ (108,295)	$ 39,243
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	92,643	87,603
Deferred income taxes	(44,052)	(38,886)
Asset impairment charges	11,553	127,733
Loss on sale of business	10,378	6,101
Loss (gain) on assets held for sale	25,664	154
Stock-based compensation	24,539	21,056
Amortization of right-of-use assets	18,501	23,494
Provision for doubtful accounts and inventory	16,457	9,469
Other non-cash adjustments to net income	2,276	888
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures
Accounts receivable	(163,411)	(64,497)
Inventories	49,216	801
Prepaid expenses and other current assets	16,243	1,119
Accounts payable	17,032	(24,080)
Accrued legal settlement expense	50,000	0
Accrued and other liabilities	(15,058)	30,279
Lease assets and liabilities	(18,748)	(20,422)
Income taxes	(60,167)	(12,584)
Other, net	(15,106)	4,888
Net cash provided by (used in) operating activities	(90,335)	192,359
Investing activities:
Capital expenditures	(40,399)	(84,920)
Proceeds from sale of a business, net of costs	29,287	6,711
Proceeds from sale of properties and equipment	0	7,137
Proceeds from insurance claims	0	1,770
Investment in business	(15,000)	0
Net cash used in investing activities	(26,112)	(69,302)
Financing activities:
Repayments of long-term debt	(1,865)	0
Payment for debt financing costs and fees	0	(2,041)
Issuance of common stock, net of shares withheld for tax	(3,467)	(5,900)
Repurchase of common stock	0	(100,026)
Finance lease payments	(2,635)	(2,087)
Dividends paid to shareholders	(33,423)	(33,095)
Net cash used in financing activities	(41,390)	(143,149)
Effects of foreign exchange rate changes on cash and cash equivalents	(2,644)	(276)
Decrease in cash and cash equivalents	(160,481)	(20,368)
Cash and cash equivalents at beginning of period	506,699	351,385
Cash and cash equivalents at end of period	346,218	331,017
Supplementary Cash Flow Information
Capital expenditures, not yet paid	736	732
Operating lease right-of-use assets obtained in exchange for lease liabilities	$ 9,002	$ 4,986

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 26, 2026	Sep. 30, 2025
Current Assets:
Cash and cash equivalents	$ 346,218	$ 506,699
Accounts receivable, less allowance for current and expected credit losses of $1,567 and $5,128, respectively	578,735	447,035
Inventories, net	389,535	484,845
Income tax assets	143,006	79,547
Prepaid expenses and other current assets	67,979	82,678
Total current assets	1,525,473	1,600,804
Property, plant and equipment, net	520,856	594,266
Intangible assets, net	123,135	160,758
Goodwill	285,512	294,485
Right-of-use assets, net	139,826	156,679
Deferred tax assets	70,335	35,863
Equity Method Investment	54,000	0
Other long-term assets	24,401	9,067
Total Assets	2,743,538	2,851,922
Current Liabilities:
Short-term debt and current maturities of long-term debt	3,730	3,730
Accounts payable	227,107	241,246
Income tax payable	4,665	720
Accrued compensation and employee benefits	43,855	49,192
Customer liabilities	107,615	128,538
Lease obligations	26,677	26,995
Accrued settlement liabilities	50,000	0
Other current liabilities	94,411	74,098
Total current liabilities	558,060	524,519
Long-term debt	756,498	756,802
Long-term lease obligations	126,618	144,293
Deferred tax liabilities	10,868	13,451
Other long-term liabilities	15,263	14,516
Total Liabilities	1,467,307	1,453,581
Equity:
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 33,772,550 and 33,665,258 shares issued and outstanding as of June 26, 2026 and September 30, 2025, respectively	338	338
Additional paid-in capital	547,671	526,600
Retained earnings	747,467	889,391
Accumulated other comprehensive loss	(19,245)	(17,988)
Total Equity	1,276,231	1,398,341
Total Liabilities and Equity	$ 2,743,538	$ 2,851,922