Earnings release
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A Atkore Atkore Inc. Announces Third Quarter 2021 Results Net sales of $ 853.7 million , up 121.8 % versus prior year Diluted earnings per share increased by $ 3.15 to $ 3.64 ; Adjusted net income per diluted share increased by $ 3.29 to $ 3.96 Net income increased by $ 151.2 million to $ 175.3 million ; Adjusted EBITDA increased by $ 210.5 million to $ 274.3 million Full - year Net sales expected to be up 60 % compared to fiscal year 2020 Full - year Adjusted EBITDA outlook increased to $ 855 million - $ 875 million ; Full - year Adjusted net income per diluted share outlook increased to $ 12.25 - $ 12.55 HARVEY , IL . August 3 , 2021 ( BUSINESS WIRE ) - Atkore Inc. ( the " Company " or " Atkore " ) ( NYSE : ATKR ) announced earnings for its fiscal 2021 third quarter ended June 25 , 2021 . " Atkore's outstanding performance continued this quarter , as we delivered record earnings and solid volume growth across the business , " said Bill Waltz , Atkore President and Chief Executive Officer . " We are continuing to benefit from strong demand and outstanding execution amidst industry supply constraints . Atkore's focus on delivering for our customers has enabled us to grow our business , expand margins and deliver value to our shareholders and customers . The volume growth was across many product categories , and we are optimistic about the continued end market demand across multiple verticals . During the quarter , we also successfully refinanced our debt and repurchased $ 75 million of Atkore common stock , further strengthening our balance sheet and demonstrating our diligent approach to deploying capital . " Waltz continued , " Given current market dynamics and our strong performance year - to - date , we are raising our fiscal year 2021 outlook for Adjusted EBITDA to $ 855- $ 875 million . We expect these favorable market dynamics to continue and combined with our strategic investments , we are also raising our perspective on fiscal 2022. Looking ahead , we will continue to invest in new products , marketing and business development to help improve Atkore's position for the future . " 2021 Third 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 . Three months ended ( in thousands ) Net sales Electrical . Safety & Infrastructure . Eliminations . Consolidated operations . Net income . Adjusted EBITDA Electrical . Safety & Infrastructure . Unallocated . Consolidated operations . $ $ $ $ $ June 25 , 2021 661,163 $ 193,492 ( 997 ) 853,658 175,297 Exhibit 99.1 $ $ 267,824 $ 22,365 ( 15,925 ) 274,264 $ June 26 , 2020 Change $ 389,012 80,112 272,151 113,380 ( 632 ) 384,899 $ 468,759 ( 365 ) 24,078 $ 151,219 55,549 $ 212,275 14,150 8,215 ( 5,975 ) ( 9,950 ) 63,724 $ 210,540 % Change 142.9 % 70.7 % 57.8 % 121.8 % 628.0 % 382.1 % 58.1 % 166.5 % 330.4 %