Atkore Inc. (ATKR) FY2025 10-K Annual Report
Filed: Nov 26, 2025
Information Technology
Miscellaneous Electrical Machinery, Equipment & SuppliesSEC EDGAR Atkore Inc. (ATKR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 26, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Atkore Inc. FY2025 10-K Analysis
Business Overview
- • Core business: Manufacturer of electrical products and safety & infrastructure solutions for non-residential construction, residential, industrial, and OEM markets
- • New emphasized products: Expanded patented MC Glide Tuff armored cable and introduced 20’ Kwik-Fit Steel Conduit for faster installation
- • Strategic shift: Consolidated branding under master brand Atkore since 2020, reinforced by multiple tED Marketing Excellence awards in fiscal 2025
- • Quantitative metric: Employee count ~5,400 full-time equivalents with 6% temporary; 20% of positions filled internally in fiscal 2025
- • Noteworthy fact: Announced closure of three manufacturing facilities in fiscal 2026 to optimize footprint across 38 global sites
Management Discussion & Analysis
- • Revenue $2.85B, down 11.0% YoY ($351.7M decrease) due to 11.9% lower average selling prices and divestitures
- • Operating income $23.2M vs $624.8M; operating margin declined sharply to 0.8% from 19.5%
- • Electrical segment sales fell 15.1% to $2.0B with Adjusted EBITDA down 54.6% to $330.5M; Safety & Infrastructure grew sales 0.5% to $853.4M with 21.3% EBITDA increase to $109.2M
- • Cash and equivalents $506.7M, up $155.3M; capex $107.1M on production capacity and growth initiatives; no borrowings on $325M ABL facility; dividend program initiated fiscal 2025
- • Management highlights economic uncertainty, raw material price fluctuations, and restructuring costs including $214.4M asset impairment; cautious on supply chain, inflation, and geopolitical risks impacting future operations
Risk Factors
- • Regulatory risk from changes to National Electrical Code and related state/local laws potentially increasing compliance costs or expanding alternative product competition
- • Macroeconomic risk from U.S. non-residential construction dependency; starts rose to 1,209 million sq ft in fiscal 2025 but remain cyclical and sensitive to interest rates
- • Operational risk in supply chain due to dependence on steel, copper, and resin commodity prices with no material hedging affecting gross profit volatility
- • Competitive risk from increased use of AI, data analytics, and machine learning by competitors potentially reducing market share and pressuring margins
- • Financial risk from customer concentration: top 10 customers accounted for ~40% of net sales fiscal 2025, with Sonepar USA alone >10% sales and 13% accounts receivable
Atkore Inc. FY2025 Key Financial MetricsXBRL
Revenue
$2.9B
▼ -11.0% YoY
Net Income
-$15M
▼ -103.2% YoY
Gross Margin
23.7%
▼ -994bp YoY
Operating Margin
0.8%
▼ -1870bp YoY
Net Margin
-0.5%
▼ -1530bp YoY
ROE
-1.1%
▼ -3179bp YoY
Total Assets
$2.9B
▼ -5.6% YoY
EPS (Diluted)
$-0.45
▼ -103.5% YoY
Operating Cash Flow
$403M
▼ -26.6% YoY
Source: XBRL data from Atkore Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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