Atkore Inc. Files 2024 Annual Report

Ticker: ATKR · Form: 10-K · Filed: Nov 21, 2024 · CIK: 1666138

Atkore INC. 10-K Filing Summary
FieldDetail
CompanyAtkore INC. (ATKR)
Form Type10-K
Filed DateNov 21, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$0.01
Sentimentneutral

Sentiment: neutral

Topics: annual-report, sec-filing, 10-k

Related Tickers: ATKR

TL;DR

ATKR filed its 2024 10-K. All good.

AI Summary

Atkore Inc. filed its annual report for the fiscal year ended September 30, 2024. The company, incorporated in Delaware and headquartered at 16100 South Lathrop Avenue, Harvey, Illinois, is registered with the SEC under file number 001-37793. Its common stock trades on the New York Stock Exchange under the ticker symbol ATKR.

Why It Matters

This filing provides a comprehensive overview of Atkore Inc.'s financial performance and business operations for the past fiscal year, offering insights for investors and stakeholders.

Risk Assessment

Risk Level: low — This is a standard annual report filing with no immediate red flags or significant new disclosures of risk.

Key Players & Entities

FAQ

What is the primary purpose of this Form 10-K filing for Atkore Inc.?

The Form 10-K is an annual report required by the SEC, providing a comprehensive overview of Atkore Inc.'s financial performance and business operations for the fiscal year ended September 30, 2024.

Where is Atkore Inc. incorporated and what is its principal executive office address?

Atkore Inc. is incorporated in Delaware and its principal executive offices are located at 16100 South Lathrop Avenue, Harvey, Illinois 60426.

What is the trading symbol for Atkore Inc.'s common stock and on which exchange is it listed?

The trading symbol for Atkore Inc.'s common stock is ATKR, and it is registered on the New York Stock Exchange.

What is Atkore Inc.'s commission file number with the SEC?

Atkore Inc.'s commission file number is 001-37793.

Does Atkore Inc. have any securities registered under Section 12(g) of the Act?

No, Atkore Inc. does not have any securities registered pursuant to Section 12(g) of the Act.

Filing Stats: 4,400 words · 18 min read · ~15 pages · Grade level 15 · Accepted 2024-11-20 18:37:45

Key Financial Figures

Filing Documents

Risk Factors 12

Item 1A. Risk Factors 12

Unresolved Staff Comments 32

Item 1B. Unresolved Staff Comments 32

Cybersecurity 32

Item 1C. Cybersecurity 32

Properties 33

Item 2. Properties 33

Legal Proceedings 33

Item 3. Legal Proceedings 33

Mine Safety Disclosures 33

Item 4. Mine Safety Disclosures 33 PART II

Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 34

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 34

[Reserved] 36

Item 6. [Reserved] 36

Management's Discussion and Analysis of Financial Condition and Results of Operations 37

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 37

Quantitative and Qualitative Disclosures about Market Risk 53

Item 7A. Quantitative and Qualitative Disclosures about Market Risk 53

Report of Independent Registered Public Accounting Firm (PCAOB ID No. 34 )

Item 8. Report of Independent Registered Public Accounting Firm (PCAOB ID No. 34 ) 55

Financial Statements and Supplementary Data 55

Item 8. Financial Statements and Supplementary Data 55

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 96

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 96

Controls and Procedures 96

Item 9A. Controls and Procedures 96

Other Information 99

Item 9B. Other Information 99

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 99

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 99 PART III

Directors, Executive Officers and Corporate Governance 100

Item 10. Directors, Executive Officers and Corporate Governance 100

Executive Compensation 100

Item 11. Executive Compensation 100

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 100

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 100

Certain Relationships and Related Transactions, and Director Independence 100

Item 13. Certain Relationships and Related Transactions, and Director Independence 100

Principal Accounting Fees and Services 100

Item 14. Principal Accounting Fees and Services 100 PART IV

Exhibits and Financial Statement Schedules 101

Item 15. Exhibits and Financial Statement Schedules 101

Form 10-K Summary 101

Item 16. Form 10-K Summary 101 Exhibit Index 102 Signatures 105 1 Summary Risk Factors The following is a summary of the principal risks described below in this Annual Report on Form 10-K. The following summary should not be considered an exhaustive summary of the material risks facing us, and it should be read in conjunction with the "Risk Factors" section and the other information contained in this Annual Report on Form 10-K. Our performance may be impacted by general business and economic conditions, which could materially and adversely affect our business, financial position, results of operations or cash flows. The non-residential construction industry accounts for a significant portion of our business, and a downturn in the non-residential construction industry could materially and adversely affect our business, financial position, results of operations or cash flows. The raw materials on which we depend in our production process may be subject to price increases which we may not be able to pass through to our customers, or to price decreases which may decrease the prices of our products. As a result, such price fluctuations could materially and adversely affect our business, financial position, results of operations or cash flows. We operate in a competitive landscape, and increased competition could materially and adversely affect our business, financial position, results of operations or cash flows. Our operating results are sensitive to the availability and cost of freight and energy, which are important in the manufacture and transport of our products. Interruptions in the proper functioning of our information technology ("IT") systems, including from cybersecurity threats, could disrupt operations and cause unanticipated increases in costs or decreases in revenues, or both. Our business, financial position, results of operations or cash flows could be materially and adversely affected by the importation of similar products into the Unit

Business

Item 1. Business The following discussion of our business contains "forward-looking statements," as discussed in Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations" below. Our business, operations and financial position are subject to various risks as set forth in Part I, Item 1A, "Risk Factors" below. The following information should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations, the Financial Statements and Supplementary Data and related notes and the Risk Factors included elsewhere in this Annual Report on Form 10-K. Company Overview Atkore Inc. (collectively with all its subsidiaries referred to in this Annual Report on Form 10-K as "Atkore," the "Company," "we," "us," and "our") was incorporated in the State of Delaware on November 4, 2010. As of September 30, 2024, Atkore was the sole stockholder of Atkore International, Inc. ("AII"). We are a leading manufacturer of Electrical products primarily for the non-residential construction and renovation markets, as well as residential markets, and Safety & Infrastructure products for the construction and industrial markets. The Electrical segment manufactures high quality products used in the construction of electrical power systems including conduit, cable, and installation accessories. This segment serves contractors in partnership with the electrical wholesale channel. The Safety & Infrastructure segment designs and manufactures solutions including metal framing, mechanical pipe, perimeter security, and cable management for the protection and reliability of critical infrastructure. These solutions are marketed to contractors, original equipment manufacturers ("OEMs"), and end-users. We believe we hold #1 or #2 positions in the United States by net sales in a significant number of our products. The quality of our products, strength of our brands, our scale and national presence provide w

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