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Atkore (ATKR)

Atkore is forging a future where its employees, customers, suppliers, shareholders and communities are building better together - a future focused on serving the customer and powering and protecting the world.

Company profile

Ticker
ATKR
Exchange
Website
CEO
William Waltz
Employees
Incorporated
Location
Fiscal year end
Former names
Atkore International Group Inc.
SEC CIK
Subsidiaries
Acroba S.A.S. • AFC Cable Systems, Inc. • Allied Luxembourg S.a.r.l. • Allied Metal Products (Changshu) Co., Ltd. • Allied Products UK Limited • Allied Switzerland GmbH • Allied Tube & Conduit Corporation • American Pipe & Plastics Holdings Group, Inc. • American Pipe & Plastics, Inc. • Atkore Construction Technologies NZ Limited ...

ATKR stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$134.00
Low target
$125.00
High target
$143.00
RBC Capital
Maintains
Outperform
$125.00
3 Aug 22
Credit Suisse
Maintains
Outperform
$143.00
3 Aug 22

Calendar

1 Aug 22
25 Sep 22
30 Sep 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 186.65M 186.65M 186.65M 186.65M 186.65M 186.65M
Cash burn (monthly) 67.92M 17.54M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 206.48M 53.33M n/a n/a n/a n/a
Cash remaining -19.83M 133.32M n/a n/a n/a n/a
Runway (months of cash) -0.3 7.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Jun 22 William E Jr. Waltz Common Stock Sell Dispose S No No 118.6509 20,000 2.37M 39,017
3 Jun 22 Lowe LeAngela W. Common Stock Payment of exercise Dispose F No No 116.81 619 72.31K 20,094
6 May 22 Kelly Daniel S Common Stock Sell Dispose S No Yes 115.2203 15,000 1.73M 31,644
6 May 22 John W Pregenzer Common Stock Sell Dispose S No Yes 115 2,762 317.63K 26,084
6 May 22 Mark F. Lamps Common Stock Sell Dispose S No No 113.64 845 96.03K 21,007
84.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 315 320 -1.6%
Opened positions 42 53 -20.8%
Closed positions 47 45 +4.4%
Increased positions 107 107
Reduced positions 128 130 -1.5%
13F shares Current Prev Q Change
Total value 3.32B 4.03B -17.7%
Total shares 39.97M 40.9M -2.3%
Total puts 136.2K 232.9K -41.5%
Total calls 266.9K 117.6K +127.0%
Total put/call ratio 0.5 2.0 -74.2%
Largest owners Shares Value Change
Vanguard 4.88M $404.98M -3.2%
BLK Blackrock 3.33M $276.81M -1.2%
FMR 3.22M $267.01M -7.1%
Westfield Capital Management 1.52M $125.81M -10.8%
MCQEF Macquarie 1.51M $125.4M -1.6%
American Century Companies 1.16M $96.14M +168.3%
Allspring Global Investments 1.14M $94.59M +30.6%
LSV Asset Management 1.12M $93.13M -10.2%
Dimensional Fund Advisors 975.93K $81.01M -12.4%
River Road Asset Management 965.3K $80.13M +20.3%
Largest transactions Shares Bought/sold Change
American Century Companies 1.16M +726.59K +168.3%
Allspring Global Investments 1.14M +266.92K +30.6%
IVZ Invesco 451.68K -262.18K -36.7%
Schroder Investment Management 335.62K +260.07K +344.3%
FMR 3.22M -245.47K -7.1%
Citadel Advisors 297.46K +210.29K +241.2%
MS Morgan Stanley 392.16K +194.63K +98.5%
Westfield Capital Management 1.52M -183.19K -10.8%
SLFPY Standard Life Aberdeen 673.74K -179.14K -21.0%
River Road Asset Management 965.3K +162.96K +20.3%

Financial report summary

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Competition
EatonCanadaEncore WireABBEatonZekelman Industries
Risks
  • Our performance may be impacted by general business and economic conditions, which could materially and adversely affect our business, financial position, results of operations or cash flows.
  • The non-residential construction industry accounts for a significant portion of our business, and a downturn in the non-residential construction industry could materially and adversely affect our business, financial position, results of operations or cash flows.
  • Widespread public health conditions, and specifically the COVID-19 pandemic, have had and could continue to have a material adverse impact on our business, financial position, results of operations and cash flows.
  • The raw materials on which we depend in our production process may be subject to price increases which we may not be able to pass through to our customers, or to price decreases which may decrease the prices of our products. As a result, such price fluctuations could materially and adversely affect our business, financial position, results of operations or cash flows.
  • We operate in a competitive landscape, and increased competition could materially and adversely affect our business, financial position, results of operations or cash flows.
  • Our operating results are sensitive to the availability and cost of freight and energy, which are important in the manufacture and transport of our products.
  • Interruptions in the proper functioning of our information technology (“IT”) systems, including from cybersecurity threats, could disrupt operations and cause unanticipated increases in costs or decreases in revenues, or both.
  • Our business, financial position, results of operations or cash flows could be materially and adversely affected by the importation of similar products into the United States, as well as U.S. trade policy and practices.
  • We are indirectly subject to regulatory changes that may affect demand for our products.
  • Our results of operations could be adversely affected by weather.
  • We have incurred and continue to incur significant costs to comply with current and future environmental and health and safety laws and regulations, and our operations expose us to the risk of material environmental and health and safety laws liability.
  • We rely on several customers for a significant portion of our net sales, and the loss of such customers, or their inability or unwillingness to pay our invoices on time could materially and adversely affect our business, financial position, results of operations or cash flows.
  • Our working capital requirements could result in us having lower cash available for, among other things, capital expenditures and acquisition financing.
  • Labor disputes, increased labor costs or work stoppages could adversely affect our operations and impair our financial performance.
  • We have financial obligations relating to pension plans that we maintain in the United States.
  • Unplanned outages at our facilities or those of our suppliers and other unforeseen disruptions could materially and adversely affect our business, financial position, results of operations or cash flows.
  • We rely on the efforts of agents and distributors to generate sales of our products.
  • We may be required to recognize goodwill, intangible assets or other long-lived asset impairment charges.
  • We are subject to certain safety and labor risks associated with the manufacturing and testing of our products.
  • The nature of our business exposes us to product liability, construction defect and warranty claims and litigation as well as other legal proceedings, which could materially and adversely affect our business, financial position, results of operations or cash flows.
  • We may not be able to adequately protect our intellectual property rights, and we may become involved in intellectual property disputes.
  • We face risks associated with our international operations which could materially and adversely affect our business, financial position, results of operations or cash flows.
  • Changes in foreign laws and legal systems could materially impact our business.
  • Our inability to introduce new products effectively or implement our innovation strategies could adversely affect our ability to compete.
  • Our business, financial position or results of operations could be materially and adversely affected by our inability to acquire or import raw materials, component parts or finished goods from existing suppliers and significant increases in government regulation or restrictions relating to such imports.
  • We may be unable to identify, acquire, close or integrate acquisition targets successfully.
  • Regulations related to “conflict minerals” may force us to incur additional expenses, create complexities in our supply chain and damage our reputation with customers.
  • Our indebtedness may adversely affect our financial health.
  • Despite our indebtedness levels, we and our subsidiaries may incur substantially more indebtedness, which may increase the risks created by our indebtedness.
  • Increases in interest rates would increase the cost of servicing our indebtedness and could reduce our profitability.
  • A lowering or withdrawal of the ratings, outlook or watch assigned to our indebtedness by rating agencies may increase our future borrowing costs and reduce our access to capital.
  • The agreements and instruments governing our indebtedness contain restrictions and limitations that could significantly impact our ability to operate our business.
  • Our ability to generate the significant amount of cash needed to pay interest and principal on our indebtedness and our ability to refinance all or a portion of our indebtedness or obtain additional financing depends on many factors beyond our control.
  • AI is a holding company with no operations of its own, and it depends on its subsidiaries for cash to fund all of its operations and expenses, including to make future dividend payments, if any.
  • The timing and amount of the Company’s share repurchases are subject to a number of uncertainties.
  • Anti-takeover provisions in our amended and restated certificate of incorporation and amended and restated by-laws could discourage, delay or prevent a change of control of our company and may affect the trading price of our common stock.
  • We do not currently intend to pay dividends on our common stock for the foreseeable future and, consequently, your ability to achieve a return on your investment depends on appreciation in the price of our common stock.
  • Our amended and restated certificate of incorporation includes provisions limiting the personal liability of our directors for breaches of fiduciary duty under the DGCL.
  • Our amended and restated certificate of incorporation designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain litigation that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or stockholders.
  • The market price of our common stock may be volatile and could decline.
  • If securities or industry analysts do not publish research or publish misleading or unfavorable research about our business, our stock price and trading volume could decline.
  • If we are unable to hire, engage and retain key personnel, our business, financial position, results of
  • Future tax legislation could materially impact our business.
  • Future offerings of debt or equity securities which would rank senior to our common stock may adversely affect the market price of our common stock.
  • We may need to raise additional capital, and we cannot be sure that additional financing will be available.
Management Discussion
  • Net sales for fiscal 2021 increased $1,162.6 million to $2,928.0 million, an increase of 65.9%, compared to $1,765.4 million for fiscal 2020. The increase in net sales is primarily attributed to increased average selling prices of $977.9 million which were mostly driven by the plastic pipe and conduit category within the Electrical segment and increased net sales of $79.1 million due to the acquisitions of Queen City Plastics and FRE Composites Group. Pricing for PVC products, as well as other parts of the business, are expected to return to more normal historical levels over time, but that time is uncertain. The increase in net sales was also driven by an increase in sales volume of $88.4 million across the majority of product categories within both the Electrical and the Safety & Infrastructure segments.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: amortizable, beginning, enactment, flat, illustrative, injection, instrument, July, molded, Poly, remeasurement, Talon, UK, water
Removed: range