Atkore International Group (ATKR) Misses Q2 EPS by 2c; Tightens Outlook

Atkore International Group (NYSE: ATKR) reported Q2 EPS of $0.35, $0.02 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $372.8 million versus the consensus estimate of $361.08 million.

"Our second quarter Adjusted EBITDA was in-line with our expectations. Despite continued softness in overall non-residential construction markets, we are seeing some momentum in our early-cycle products and stabilization within the general industrial market. Atkore is well-positioned to take advantage of expected market improvements with a focus on innovative new product introductions and continuous improvement initiatives," commented John Williamson, Atkore’s President and CEO.

GUIDANCE:

Atkore International Group tightens FY2017 EPS to $1.55-$1.65, versus the consensus of $1.63.

For earnings history and earnings-related data on Atkore International Group (ATKR) click here.

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