Atkore Inc. · NYSE:ATKR
Atkore — Q4 2025 Earnings Presentation
26 slides from Atkore's earnings presentation, Nov 20, 2025
Slide 1: Fourth Quarter 2025 Earnings Presentation and Business Update
Fourth Quarter 2025 Earnings Presentation and Business Update November 20, 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: Today's Discussion
Today’s Discussion 1. Strategic Alternatives Update 2. FY 2025 Results & FY 2026 Outlook 3. Market Perspective & Long-term Focus © Atkore 3
Slide 4: Update on Strategic Actions
Update on Strategic Actions Expanding scope of strategic alternatives review to include potential sale or merger of the whole company Sharpening focus on electrical end markets through divestiture of non-core businesses • Divested Northwest Polymers in February 2025 • Exploring potential sale of Hig
Slide 5: FY 2025 Results & FY 2026 Outlook
FY 2025 Results & FY 2026 Outlook © Atkore 5
Slide 6: Q4 and FY 2025 Updates & Long-term Trends
Q4 and FY 2025 Updates & Long-term Trends Organic volume was up 1.4%; our plastic pipe, conduit and fittings products experienced double digit volume growth Q4 2025 Results include ~$11M of non-routine inventory adjustments and other expenses Core markets in the UK were softer than anticipated due t
Slide 7: Q4 and Full Year 2025
Q4 and Full Year 2025 Q4 Q42025 2023 Net Sales Net Income/(Loss) Adjusted EBITDA1 Diluted EPS/(Loss) Per Share Adjusted Diluted EPS1 $M $M $M $/share $/share -5% -174% -49% -180% -72% 788 752 73 140 2.02 2.43 Includes Includes impairment impact impairment impact 71 0.69 -54 -1.62 Q4 2024 Q4 2025 Q4
Slide 8: Consolidated Atkore Bridges
Consolidated Atkore Bridges Q4 2025 Net Sales Bridge Adjusted EBITDA Bridge1 $788M $11 $140M $2 $10 $752 $54 $3 $11 $82 $13 $71M $1 $85 2024 Volume Price Divestiture Other2 2025 2024 Volume Price Divestiture Other2 2025 Non-Routine Adj. EBITDA / Mix / Mix vs. Cost Inventory & Excluding Expenses Non-
Slide 9: Key Product Area Trends & Review
Key Product Area Trends & Review Achieved organic volume growth for three consecutive years; expecting mid-single digit volume growth in FY 2026 Year-over-Year Volume/Mix % Change FY 2025 Net Sales by FY 2023 vs. FY 2024 vs. FY 2025 vs. Key Product Area1 FY 2022 FY 2023 FY 2024 Metal Framing, + DD%
Slide 10: Segment Bridges
Segment Bridges Electrical Safety & Infrastructure Y/Y ($’s in millions) Y/Y ($’s in millions) Q4 2025 Q4 2024 Q4 2025 Q4 2024 Change Change Net Sales $518.9 $564.5 (8.1%) Net Sales $233.4 $224.5 4.0% Adjusted EBITDA $65.9 $145.7 (54.7%) Adjusted EBITDA $26.8 $14.9 80.0% Adjusted EBITDA Margin 12.7%
Slide 11: Initial FY 2026 Outlook
Initial FY 2026 Outlook Initial FY 2026 Outlook underpinned by anticipated mid-single digit percentage volume growth in FY 2026, driven by expected growth across all key product areas Outlook Summary Outlook Items for Q1 2026 FY 2026 FY 2026 Consolidated Atkore Outlook Outlook Comments & Perspective
Slide 12: Strong Financial Profile Supports Future Growth
Strong Financial Profile Supports Future Growth Cash Flow from Operating Activities FY 2025 Cash Flow Bridge $M $M $787 $808 $403 $20 $573 $549 $107 $507M $100 $403 $44 $16 $351M $249 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2024 Cash Flow Divestiture & Capital Stock Dividend Net Other FY
Slide 13: Market Perspective & Long-term Focus
Market Perspective & Long-term Focus © Atkore 13
Slide 14: Expansive End Market Use Supports Resilience
Expansive End Market Use Supports Resilience Atkore’s broad portfolio complimented by superior service and a national distribution network supports growth across diverse construction end markets; the diversity of end-market use enables resilience in fluctuating market conditions End Markets by Est.
Slide 15: Atkore's Strategic Focus – Today and Tomorrow
Atkore’s Strategic Focus – Today and Tomorrow Prioritize portfolio of domestically manufactured electrical infrastructure Atkore provides comprehensive products solutions to deploy, isolate, and protect critical electrical infrastructure for the long-term Drive operational excellence with the Atkore
Slide 16: Appendix
Work in process • X Appendix © Atkore 16
Slide 17: Q4 Income Statement Summary
Q4 Income Statement Summary Y/Y Y/Y % ($’s in millions) Q4 2025 Q4 2024 Change Change Net Sales $752.0 $788.3 ($36.3) (4.6%) Operating Income ($56.8) $102.1 ($158.8) (155.6%) Net (Loss)/Income ($54.4) $73.1 ($127.5) (174.4%) Adjusted EBITDA1 $70.9 $140.2 ($69.2) (49.4%) Adjusted EBITDA Margin2 9.4%
Slide 18: FY 2025 Income Statement Summary
FY 2025 Income Statement Summary Y/Y Y/Y % ($’s in millions) FY 2025 FY 2024 Change Change Net Sales $2,850.4 $3,202.1 ($351.7) (11.0%) Operating Income $23.2 $624.8 ($601.6) (96.3%) Net (Loss)/Income ($15.2) $472.9 ($488.0) (103.2%) Adjusted EBITDA1 $386.4 $771.7 ($385.3) (49.9%) Adjusted EBITDA Ma
Slide 19: Segment Information
Segment Information Three Months Ended September 30, 2025 September 30, 2024 Adjusted Adjusted Adjusted EBITDA Adjusted EBITDA (in thousands) Net sales EBITDA Margin Net sales EBITDA Margin Electrical $ 518,880 $ 65,947 12.7 % $ 564,535 $ 145,662 25.8 % Safety & Infrastructure 233,409 26,817 11.5 %
Slide 20: Segment Information
Segment Information Fiscal Year Ended September 30, 2025 September 30, 2024 Adjusted Adjusted Adjusted EBITDA Adjusted EBITDA (in thousands) Net sales EBITDA Margin Net sales EBITDA Margin Electrical $ 1,998,219 $ 330,512 16.5 % $ 2,354,978 $ 728,341 30.9 % Safety & Infrastructure 853,369 109,191 12
Slide 21: Adjusted Diluted EPS Reconciliation
Adjusted Diluted EPS Reconciliation Consolidated Atkore Inc. Three Months Ended Fiscal Year Ended September 30, September 30, September 30, September 30, (in thousands, except per share data) 2025 2024 2025 2024 Net income $ (54,420) $ 73,119 $ (15,175) $ 472,872 Stock-based compensation 2,505 6,027
Slide 22: Net Income to Adjusted EBITDA Reconciliation
Net Income to Adjusted EBITDA Reconciliation Consolidated Atkore Inc. Three Months Ended Fiscal Year Ended September 30, September 30, September 30, September 30, (in thousands) 2025 2024 2025 2024 Net (loss) income $ (54,420) $ 73,119 $ (15,175) $ 472,872 Income tax expense (11,350) 18,759 (3,415)
Slide 23: Net Income to Adjusted EBITDA Reconciliation
Net Income to Adjusted EBITDA Reconciliation Consolidated Atkore Inc. Fiscal Year Ended September 30, September 30, September 30, September 30, September 30, September 30, (in thousands) 2025 2024 2023 2022 2021 2020 Net (loss) income $ (15,175) $ 472,872 $ 689,899 $ 913,434 $ 587,857 $ 152,302 Inco
Slide 24: Total Debt to Net Debt and Leverage Ratio
Total Debt to Net Debt and Leverage Ratio Consolidated Atkore Inc. September 30, September 30, September 30, September 30, September 30, September ($ in thousands) 2025 2024 2023 2022 2021 30, 2020 Short-term debt and current maturities of long-term debt $ 3,730 $ — $ — $ — $ — $ — Long-term debt 75
Slide 25: Glossary of Terms
Glossary of Terms Abbreviations listed in alphanumeric order Abbreviation Description Abbreviation Description 1H First Half IRA Inflation Reduction Act 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 26: atkore.com
A Atkore A Atkore atkore.com BUILDING BETTER TOGETHER 26