Atkore Q1 FY2026 earnings: sales flat, profit down on pricing pressure, full-year outlook held
Atkore's Q1 FY2026 sales were roughly flat and profit fell from a year ago on lower electrical product prices, but the company held its full-year outlook steady.
| Q1 2026 | Reported |
|---|---|
| EPS | $0.44 |
| Revenue | $655.5M |
Figures as reported by the company to the SEC for the quarter ended December 26, 2025. Analyst estimates are not part of a filing, so no comparison to expectations is shown.
Key takeaways
- Sales for the quarter ended December 26, 2025 were roughly flat versus a year earlier, edging down about 1% to $655.5 million, as gains in shipment volumes were largely offset by the company selling its electrical products at lower average prices than a year ago.
- Net income came in well below the year-ago quarter (roughly $15 million versus about $46 million a year earlier), reflecting that pricing pressure in the core Electrical business more than offset cost-cutting gains elsewhere.
- The Electrical segment, which makes up about seven-tenths of total sales, grew slightly but saw its profit margin shrink sharply because Atkore had to sell products at lower prices to stay competitive.
- The smaller Safety & Infrastructure segment had lower sales but much better profitability, as manufacturing efficiency work and cost controls delivered over $30 million in savings compared with a year ago.
- The trailing-twelve-month profit margins shown for Atkore are negative mainly because of large non-cash write-downs taken in earlier quarters of the past year — including impairment charges tied to its mechanical tube and HDPE plastic-pipe businesses — rather than because of ongoing operating losses; the most recent quarter itself was profitable.
- Atkore kept its full-year profitability targets unchanged, still expecting adjusted earnings per share of roughly $5.05 to $5.55 and adjusted EBITDA around a $350 million midpoint, while trimming its full-year sales forecast by $50 million to reflect the recent sale of its Tectron Mechanical Tube business.
- Management said it expects the second half of the fiscal year to be stronger than the first half, citing steady market demand — including from data center construction — and ongoing cost-efficiency initiatives.
Q1 2026 in context
| Metric | Dec 2025 | Dec 2024 | Change |
|---|---|---|---|
| Revenue | $656M | $662M | -0.9% |
| Net income | $15M | $46M | -67.6% |
| Free cash flow | -$67M | $33M | -303.3% |
| Diluted EPS | $0.44 | $1.31 | -66.4% |
| Gross margin | 19.2% | 25.9% | -6.6 pts |
| Operating margin | 3.1% | 10.3% | -7.2 pts |
| Net margin | 2.3% | 7.0% | -4.7 pts |
Figures for the quarter ended Dec 2025 and the quarter ended Dec 2024, as reported to the SEC.
How the stock took it
Atkore Inc closed at $70.06 on Feb 2, 2026, the last session before the report, and at $69.05 on Feb 4, 2026, the first session after it — -1.4% across the report.
Closes from the market's daily record. Each figure spans the report date — from the last session that closed before it to the first that closed after — because a company may report before the open or after the close.
Sources: company report · earnings call