Atkore Inc. · NYSE:ATKR
Atkore — Q1 2025 Earnings Presentation
18 slides from Atkore's earnings presentation, Feb 4, 2025
Slide 1: First Quarter 2025 Earnings Presentation and Business Update
First Quarter 2025 Earnings Presentation and Business Update February 4, 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: Q1 2025 Results & Business Update
Q1 2025 Results & Business Update Net Sales Net Income Adjusted EBITDA1 Diluted EPS Adjusted Diluted EPS1 $M $M $M $/share $/share -16% 798 788 138 214 3.61 4.12 662 -29% -35% -33% -37% 140 2.02 2.43 73 99 1.31 1.63 46 Q1 2024 Q4 2024 Q1 2025 Q1 2024 Q4 2024 Q1 2025 Q1 2024 Q4 2024 Q1 2025 Q1 2024 Q
Slide 4: Q1 Income Statement Summary
Q1 Income Statement Summary Y/Y Y/Y % ($’s in millions) Q1 2025 Q1 2024 Change Change Net Sales $661.6 $798.5 ($136.9) (17.1%) Operating Income $67.9 $175.5 ($107.5) (61.3%) Net Income $46.3 $138.4 ($92.0) (66.5%) Adjusted EBITDA1 $99.2 $213.5 ($114.4) (53.6%) Adjusted EBITDA Margin2 15.0% 26.7% (11
Slide 5: Consolidated Atkore Bridges
Consolidated Atkore Bridges Q1 Net Sales Bridge $798M Net Sales % Change 2025 $44 $4 $662M Volume/Mix (5%) $96 Price (12%) Other1 0% Total (17%) 2024 Volume/Mix Price Other1 2025 Adjusted EBITDA Bridge2 Adjusted Diluted EPS Bridge2 $214M $4.12 $18 $7 $99M $0.12 $1.63 $96 $8 $2.55 $0.06 2024 Volume/M
Slide 6: Key Product Area Trends & Portfolio Update
Key Product Area Trends & Portfolio Update FY 2025 YTD Net Sales Year-over-Year Volume/Mix % Change Product Area Trends & Portfolio Updates by Key Product Area1 FY 2025 YTD vs. FY 2024 YTD vs. FY 2024 YTD FY 2023 YTD Metal Framing, Growth attributable to megaproject activity Cable Management & 27% +
Slide 7: Segment Results
Segment Results Electrical Safety & Infrastructure Y/Y ($’s in millions) Y/Y ($’s in millions) Q1 2025 Q1 2024 Q1 2025 Q1 2024 Change Change Net Sales $465.4 $593.7 (21.6%) Net Sales $196.7 $205.1 (4.1%) Adjusted EBITDA $92.4 $204.4 (54.8%) Adjusted EBITDA $15.6 $19.5 (20.2%) Adjusted EBITDA Margin
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 FY25 YTD Cash Bridge Debt Maturity Profile $M $M $74 $400 $373 $351M $41 $325 $50 $310M $11 $13 FY24 YE Cash Flow Capital Stock Dividend Net Othe
Slide 9: Updated FY 2025 Outlook
Updated FY 2025 Outlook Outlook Items for Updates to FY 2025 Q2 2025 Outlook FY 2025 Outlook Consolidated Atkore Outlook Midpoint Outlook Summary Net Sales $685M – $715M $2.85B – $2.95B ($0.15B) Adjusted EBITDA1 $85M – $95M $375M – $425M ($100M) Adjusted Diluted EPS1 $1.30– $1.50 $5.75 – $6.85 ($2.0
Slide 10: Atkore: A Compelling Investment
Atkore: A Compelling Investment Outstanding Financial Profile Strong liquidity position with a balance sheet ready to support and help drive future growth Differentiated & Diversified Product Portfolio Diverse portfolio of electrical infrastructure products that support a wide range of end market ap
Slide 11: Appendix
Appendix © Atkore 11
Slide 12: Segment Information
Segment Information Three months ended December 27, 2024 December 29, 2023 Adjusted Adjusted Adjusted EBITDA Adjusted EBITDA (in thousands) Net sales EBITDA Margin Net sales EBITDA Margin Electrical $ 465,355 $ 92,387 19.9 % $ 593,661 $ 204,360 34.4 % Safety & Infrastructure 196,724 15,579 7.9 % 205
Slide 13: Adjusted Diluted EPS Reconciliation
Adjusted Diluted EPS Reconciliation (Adjusted Net Income Per Diluted Share) Consolidated Atkore Inc. Three months ended December September December (in thousands, except per share data) 27, 2024 30, 2024 29, 2023 Net income $ 46,336 $ 73,119 $ 138,381 Stock-based compensation 6,097 6,027 4,757 Intan
Slide 14: Net Income to Adjusted EBITDA Reconciliation
Net Income to Adjusted EBITDA Reconciliation Consolidated Atkore Inc. Three months ended December September December (in thousands) 27, 2024 30, 2024 29, 2023 Net income $ 46,336 $ 73,119 $ 138,381 Interest expense, net 8,209 9,526 7,793 Income tax expense 12,260 18,759 29,272 Depreciation and amort
Slide 15: Total Debt to Net Debt
Total Debt to Net Debt Consolidated Atkore Inc. December September June 28, March 29, December September (in thousands) 27, 2024 30, 2024 2024 2024 29, 2023 30, 2023 Long-term debt $ 765,375 $ 764,838 $ 764,300 $ 763,762 $ 763,225 $ 762,687 Total debt 765,375 764,838 764,300 763,762 763,225 762,687
Slide 16: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation Consolidated Atkore Inc. Three months ended December December (in thousands) 27, 2024 29, 2023 Net cash provided by operating activities $ 74,374 $ 158,106 Capital expenditures (41,295) (44,331) Free Cash Flow $ 33,079 $ 113,775 © Atkore 16
Slide 17: 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 18: atkore.com
A Atkore A Atkore atkore.com BUILDING BETTER TOGETHER 18