Atkore Amends Credit Agreement to Extend Maturity and Modify Borrowing Terms

Atkore Inc. announced that on April 30, 2025, its subsidiary Atkore International, Inc. entered into a fourth amendment to its existing credit agreement. The update extends the maturity of the credit facility to either five years from the amendment date or 91 days before the senior secured term loan facility's maturity, depending on whether \$100 million in obligations remain outstanding.

The amendment also modifies certain borrowing base thresholds and incorporates additional technical changes to align the agreement with the new terms. Wells Fargo Bank continues to serve as the administrative and collateral agent for the agreement.

Atkore Inc. Announces Preliminary Q2 2025 Results and Business Update


Atkore Inc. (NYSE: ATKR), a U.S.-based leader in electrical infrastructure solutions, released its preliminary financial estimates for the second quarter of fiscal 2025 and provided updates on key developments, including a major impairment charge and a new labor agreement.

Preliminary Q2 2025 Financial Estimates
For the quarter ended March 28, 2025, Atkore expects:

Net sales between $695 million and $705 million

Net loss between $(77) million and $(41) million

Adjusted EBITDA between $115 million and $118 million

Net loss per diluted share between $(2.24) and $(1.20)

Adjusted EPS between $2.01 and $2.08

Despite improved manufacturing productivity and volume growth, the quarter’s loss stems primarily from a non-cash impairment charge related to certain HDPE pipe and conduit assets.

Asset Impairment Details
On April 15, 2025, Atkore determined a triggering event had occurred requiring an impairment review.

The impairment, totaling $121 million to $162 million, reflects:

Delayed broadband stimulus funding

Public spending constraints

Competitive technological developments

The impairment is non-cash and will not impact future liquidity.

FY 2025 Outlook Maintained
Despite Q2 challenges, Atkore reaffirmed its full-year guidance:

Net sales: $2.85 billion – $2.95 billion

Adjusted EBITDA: $375 million – $425 million

Adjusted EPS: $5.75 – $6.85

Labor Agreement Reached
The company has signed a new 5-year collective bargaining agreement with the United Steelworkers at its Harvey, Illinois facility. The agreement is retroactive to April 2024.

Q2 Earnings Release Date
Atkore will officially release its Q2 2025 results on May 6, 2025, before market open, followed by a conference call at 8:00 AM ET.