Slide 1: Second Quarter 2025 Earnings Presentation and Business Update
Second Quarter 2025 Earnings Presentation and Business Update May 6, 2025
Slide 2: Cautionary Statements
Cautionary Statements 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 in
Slide 3: Q2 2025 Results & Business Updates
Q2 2025 Results & Business Updates Net Sales Net Income/(Loss) Adjusted EBITDA1 Diluted EPS/(Loss) Per Share Adjusted Diluted EPS1 $M $M $M $/share $/share +6% Includes Includes 793 138 impairment impact 212 3.67 impairment impact 4.08 662 702 -208% -211% +17% +25% 46 1.31 116 2.04 99 1.63 (50) (1.4
Slide 4: Q2 Income Statement Summary
Q2 Income Statement Summary Y/Y Y/Y % ($’s in millions) Q2 2025 Q2 2024 Change Change Net Sales $701.7 $792.9 ($91.2) (11.5%) Operating Income ($51.8) $178.8 ($230.6) (129.0%) Net (Loss)/Income ($50.1) $138.0 ($188.1) (136.3%) Adjusted EBITDA1 $116.4 $211.9 ($95.5) (45.1%) Adjusted EBITDA Margin2 16
Slide 5: Consolidated Atkore Bridges
Consolidated Atkore Bridges Q2 Net Sales Bridge Net Sales % Change 2025 $793M $39 $4 $702M $132 $2 Volume/Mix 4.9% Price (16.6%) Divestiture (0.3%) Other1 0.5% 2024 Volume/Mix Price Divestiture Other1 2025 Total (11.5%) Adjusted EBITDA Bridge2 Adjusted Diluted EPS Bridge2 $15 $4.08 $212M $17 $116M $
Slide 6: Key Product Area Trends & Portfolio Update
Key Product Area Trends & Portfolio Update FY 2025 YTD Net Sales Year-over-Year Volume/Mix % Change Product Area Trends & Portfolio Updates by Key Product Area1 FY 2025 YTD vs. FY 2024 YTD vs. FY 2024 YTD FY 2023 YTD Metal Framing, Cable Management & 26% Growth attributable to construction services,
Slide 7: Segment Results
Segment Results Electrical Safety & Infrastructure Y/Y ($’s in millions) Y/Y ($’s in millions) Q2 2025 Q2 2024 Q2 2025 Q2 2024 Change Change Net Sales $492.7 $590.8 (16.6%) Net Sales $209.3 $202.4 3.4% Adjusted EBITDA $90.9 $195.8 (53.5%) Adjusted EBITDA $36.1 $25.5 41.3% Adjusted EBITDA Margin 18.5
Slide 8: Cash & Balance Sheet Summary
Cash & Balance Sheet Summary 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 FY25 YTD Cash Bridge Debt Maturity Profile $M $M $161 $7 $64 $400 $35
Slide 9: Maintaining FY 2025 Outlook
Maintaining FY 2025 Outlook Outlook Items for Updates to FY 2025 Q3 2025 Outlook FY 2025 Outlook Consolidated Atkore Outlook Midpoint Outlook Summary Net Sales $715M – $745M $2.85B – $2.95B – Adjusted EBITDA1 $85M – $105M $375M – $425M – Adjusted Diluted EPS1 $1.25 – $1.75 $5.75 – $6.85 – Interest E
Slide 10: Tariff Impacts Believed to be a Net Benefit
Tariff Impacts Believed to be a Net Benefit Net Sales & Long-lived Assets by Geography Anticipated Tariff Impact by Key Product Area FY 2024 U.S. International Metal Framing, Cable No material impacts anticipated Management & Organizing supply chain between US and Net Sales, $3.2B $2.8B $0.4B Constr
Slide 11: Atkore: A Compelling Investment
Atkore: A Compelling Outstanding Financial Profile Investment Strong liquidity position with a balance sheet ready to support and help drive future growth, including our recently refinanced asset-based lending agreement Diversified Portfolio of High-Quality Solutions Diverse portfolio of domesticall
Slide 12: Appendix
Appendix © Atkore 12
Slide 13: Segment Information
Segment Information Three months ended March 28, 2025 March 29, 2024 Adjusted Adjusted Adjusted EBITDA Adjusted EBITDA (in thousands) Net sales EBITDA Margin Net sales EBITDA Margin Electrical $ 492,677 $ 90,943 18.5 % $ 590,820 $ 195,752 33.1 % Safety & Infrastructure 209,272 36,064 17.2 % 202,419
Slide 14: Adjusted Diluted EPS Reconciliation
Adjusted Diluted EPS Reconciliation (Adjusted Net Income Per Diluted Share) Consolidated Atkore Inc. Three months ended March 28, December March 29, (in thousands, except per share data) 2025 27, 2024 2024 Net income $ (50,057) $ 46,336 $ 137,955 Stock-based compensation 7,713 6,097 5,028 Intangible
Slide 15: Net Income to Adjusted EBITDA Reconciliation
Net Income to Adjusted EBITDA Reconciliation Consolidated Atkore Inc. Three months ended March 28, December March 29, (in thousands) 2025 27, 2024 2024 Net (loss) income $ (50,057) $ 46,336 $ 137,955 Interest expense, net 8,261 8,209 8,321 Income tax (benefit) expense (16,452) 12,260 31,804 Deprecia
Slide 16: Total Debt to Net Debt
Total Debt to Net Debt Consolidated Atkore Inc. March 28, December September June 28, March 29, December (in thousands) 2025 27, 2024 30, 2024 2024 2024 29, 2023 Long-term debt $ 765,913 $ 765,375 $ 764,838 $ 764,300 $ 763,762 $ 763,225 Total debt 765,913 765,375 764,838 764,300 763,762 763,225 Less
Slide 17: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation Consolidated Atkore Inc. Six months ended March 28, March 29, (in thousands) 2025 2024 Net cash provided by operating activities $ 160,941 $ 245,323 Capital expenditures (63,635) (73,546) Free Cash Flow $ 97,306 $ 171,777 © Atkore 17
Slide 18: Long-lived Assets and Net Sales by Geography
Long-lived Assets and Net Sales by Geography Consolidated Atkore Inc. Long-lived Assets Net Sales September 30, 2024 September 30, 2024 (in thousands) United States $ 756,108 $ 2,817,844 International 76,641 384,209 $ 832,749 $ 3,202,053 United States 91 % 88 % Internnational 9% 12 % © Atkore 18
Slide 19: Glossary of Terms
Glossary of Terms Abbreviations listed in alphanumeric order Abbreviation Description Abbreviation Description 1H First Half IPO Initial Public Offering 2H Second Half LDD% Low Double Digit Percentage ABS Atkore Business System LSD% Low Single Digit Percentage Adj. Adjusted M Million AI Artificial I
Slide 20: atkore.com
A Atkore A Atkore atkore.com BUILDING BETTER TOGETHER 20