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Atkore: Why Is the Board Exploring “Strategic Alternatives” Now—Sale, Split, or Something Bigger?

Atkore Inc.’s fourth-quarter fiscal 2025 earnings report reveals a complex business environment characterized by strategic transitions and restructuring aimed at enhancing shareholder value. The company’s management outlined key actions, including the consideration of selling or merging the entire company, divesting its HDPE business, and closing three manufacturing facilities. These moves are intended to sharpen the focus on Atkore’s core electrical infrastructure portfolio and improve the long-term financial outlook. In the fourth quarter, Atkore reported net sales of $752 million, which exceeded the previous outlook. However, the company incurred a net loss of $54 million influenced by non-cash impairment charges related to its mechanical tube business and HDPE assets. Adjusted EBITDA stood at $71 million, factoring in a $6 million inventory adjustment and $5 million in non-routine advisory and legal expenses. Without these expenses, adjusted EBITDA was pegged at $82 million, aligning with the expectations set earlier.