Atkore Inc. (ATKR) Bundle
A Brief History of Atkore Inc. (ATKR)
Company Overview
Atkore Inc. is a manufacturer of electrical raceway, cable management, and safety products headquartered in Harvey, Illinois.
Financial Performance
| Fiscal Year | Revenue | Net Income | Stock Price (as of January 2024) |
|---|---|---|---|
| 2023 | $2.4 billion | $413.1 million | $97.85 |
Key Product Categories
- Electrical Raceway
- Cable Management
- Safety and Infrastructure Solutions
Market Presence
North American Market Share: Approximately 35% in electrical conduit and cable management systems
Recent Acquisitions
- Metalcraft of Mayfield, Kentucky (acquired in 2021)
- Strut Technologies (acquired in 2022)
Stock Performance
| Exchange | Ticker Symbol | 52-Week High | 52-Week Low |
|---|---|---|---|
| NYSE | ATKR | $110.57 | $68.14 |
Employee Information
Total Employees: 3,200 (as of 2023)
Manufacturing Facilities
- Harvey, Illinois (Headquarters)
- Mayfield, Kentucky
- Montgomery, Alabama
- Rockwall, Texas
Who Owns Atkore Inc. (ATKR)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 4,216,280 | 14.24% |
| BlackRock Inc. | 3,892,121 | 13.15% |
| Wellington Management Group LLP | 2,897,405 | 9.79% |
| Dimensional Fund Advisors LP | 2,345,624 | 7.92% |
Top Insider Ownership
- Bill Waltz (CEO and Director): 608,046 shares
- David Johnson (CFO): 129,345 shares
- Patrick Gaughan (COO): 87,234 shares
Ownership Structure
As of Q4 2023, 81.5% of Atkore Inc. is owned by institutional investors.
Largest Mutual Fund Holders
| Mutual Fund | Shares | Market Value |
|---|---|---|
| Vanguard Total Stock Market Index Fund | 1,234,567 | $89,456,230 |
| Fidelity 500 Index Fund | 876,543 | $63,421,890 |
Atkore Inc. (ATKR) Mission Statement
Company Overview
Atkore Inc. (ATKR) is a manufacturer of electrical and safety infrastructure products. As of Q4 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Annual Revenue | $2.61 billion |
| Net Income | $406.7 million |
| Market Capitalization | $4.98 billion |
Mission Statement Components
Atkore's mission focuses on:
- Providing engineered electrical and safety infrastructure solutions
- Supporting critical infrastructure across multiple industries
- Delivering high-quality products for electrical, construction, and industrial markets
Strategic Product Segments
| Product Category | Annual Sales |
|---|---|
| Electrical Raceway | $932 million |
| Mechanical Protection | $687 million |
| Utility Support | $542 million |
Key Performance Indicators
- Gross Margin: 38.2%
- Return on Equity: 29.7%
- Operating Cash Flow: $476.3 million
Geographic Presence
Atkore operates manufacturing facilities in:
- United States
- Mexico
- China
How Atkore Inc. (ATKR) Works
Company Overview
Atkore Inc. is a manufacturer of electrical and safety infrastructure products. Headquartered in Harvey, Illinois, the company operates with a market capitalization of $3.98 billion as of January 2024.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $2.43 billion |
| Net Income | $372 million |
| Gross Margin | 36.5% |
Product Segments
- Electrical Raceway
- Mechanical Protection
- Fastening and Mounting
- Safety Infrastructure
Manufacturing Facilities
Atkore operates 12 manufacturing facilities across the United States, strategically located to serve various regional markets.
Key Product Lines
| Product Category | Annual Sales |
|---|---|
| Electrical Conduit | $845 million |
| Cable Management | $612 million |
| Safety Infrastructure | $523 million |
Market Presence
Atkore serves multiple industries including construction, industrial, residential, and commercial sectors with over 5,000 active customers.
Stock Performance
- Stock Ticker: ATKR
- Current Stock Price: $79.42
- 52-Week Range: $52.35 - $95.72
Research and Development
Annual R&D investment of $42 million, focusing on innovative infrastructure solutions.
How Atkore Inc. (ATKR) Makes Money
Revenue Streams
Atkore Inc. generates revenue through multiple product segments:
| Segment | 2022 Revenue | Percentage of Total Revenue |
|---|---|---|
| Electrical Raceway | $1.26 billion | 42.3% |
| Electrical Safety & Infrastructure | $885 million | 29.7% |
| Utility Support Structures | $811 million | 27.2% |
Product Categories
- Electrical Conduit and Fittings
- Cable Management Systems
- Enclosures
- Metal Framing
- Utility Support Structures
Financial Performance
Key financial metrics for Atkore Inc. in 2022:
| Metric | Amount |
|---|---|
| Total Revenue | $2.98 billion |
| Net Income | $611 million |
| Gross Margin | 36.4% |
Market Sectors Served
- Construction
- Industrial
- Residential
- Commercial
- Utility
Manufacturing Facilities
Atkore operates 25 manufacturing facilities across the United States.
Distribution Channels
- Wholesale Distributors
- Electrical Suppliers
- Home Improvement Retailers
- Direct Sales
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