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A Atkore Atkore International Group Inc. Announces First Quarter 2021 Results • Net sales of $ 511.1 million , up 14.2 % versus prior year • Diluted earnings per share of $ 1.75 ; Adjusted net income per diluted share of $ 1.88 • Net income of $ 85.1 million ; Adjusted EBITDA of $ 137.0 million Exhibit 99.1 • • Board of Directors approved share repurchase program on January 28 , 2021 , under which the Company may repurchase up to $ 100 million of its outstanding common stock over the next two years Full - year Net sales expected to be up 16 % - 20 % compared to fiscal year 2020 Full - year Adjusted EBITDA outlook increased to $ 440 million - $ 460 million ; Full - year Adjusted net income per diluted share outlook increased to $ 5.65 - $ 5.95 HARVEY , IL . — February 2 , 2021 ( BUSINESS WIRE ) - Atkore International Group Inc. ( the " Company " or " Atkore " ) ( NYSE : ATKR ) announced earnings for its fiscal 2021 first quarter ended December 25 , 2020 and plans to change its name to Atkore Inc. " Atkore started fiscal year 2021 with another record quarter driven by strong performance across our businesses . In particular , we had better - than - expected results in our PVC electrical conduit business where we met increasing market demand amidst industry supply constraints through successful implementation of the Atkore Business System , ” commented Bill Waltz , Atkore President and Chief Executive Officer . " Across Atkore , our teams continued to prioritize delivering excellent and reliable service to our customers , driving $ 511 million in net sales , while adhering to our health and safety policies . I want to thank them for their outstanding commitment to this level of operational execution . " " We raised our outlook for the fiscal year to reflect the results we achieved in the first quarter and the outsized growth in the PVC electrical conduit business we expect to continue through the second quarter . With a strong balance sheet and a focus on driving value creation , we will continue to prudently deploy capital through a combination of investing in our business , returning capital to our shareholders and paying down debt . Our new share repurchase authorization underscores our confidence in our ability to continue to grow earnings and generate strong cash flows . " 2021 First Quarter Results Effective in the first quarter of fiscal 2021 , the Company renamed and redefined its reportable segments as “ Electrical ” and " Safety & Infrastructure . " See Segment Redefinition and Realignment discussion below . ( in thousands ) December 25 , 2020 Three months ended December 27 , 2019 Change % Change Net sales Electrical $ Safety & Infrastructure . 387,145 $ 124,765 324,547 $ 123,508 62,598 19.3 % 1,257 1.0 % Eliminations ( 828 ) ( 607 ) ( 221 ) 36.4 % Consolidated operations . $ 511,082 $ 447,448 $ 63,634 14.2 % Net income . $ 85,066 $ 34,790 $ 50,276 144.5 % Adjusted EBITDA Electrical Safety & Infrastructure Unallocated . Consolidated operations . $ 133,273 $ 14,252 ( 10,535 ) 68,119 $ 18,727 65,154 95.6 % ( 4,475 ) ( 23.9 ) % ( 9,136 ) ( 1,399 ) 15.3 % $ 136,990 $ 77,710 $ 59,280 76.3 % Net sales increased by $ 63.6 million , or 14.2 % , to $ 511.1 million for the three months ended December 25 , 2020 , compared to $ 447.4 million for the three months ended December 27 , 2019. The increase in net sales is primarily attributed to increased average selling prices of $ 81.2 million which was mostly driven by the PVC electrical conduit and fittings product category 1