Atkore International Group (ATKR) Reports Q4 EPS of $0.79, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Above Consensus

Atkore International Group (NYSE: ATKR) reported Q4 EPS of $0.79, versus $0.00 reported last year. Revenue for the quarter came in at $477.57 million versus the consensus estimate of $469.05 million.

• Net income per diluted share increased 113% to $0.66; Adjusted Net income per diluted share of $0.79
• Net income increased by $11.8 million to $32.7 million; Adjusted EBITDA of $71.1 million
• Net income margin increased 150 basis points to 6.8%; Adjusted EBITDA Margin of 14.9%

"For Fiscal Year 2018, we are pleased to deliver strong financial results with double digit growth in Net sales, Adjusted EBITDA and Earnings per share on a year over year basis. Our focus on serving customers combined with the disciplined use of our business system help drive traction on key initiatives, which enables Atkore to continue to meet its commitments to our customers, ourselves and our shareholders,” commented Bill Waltz, Atkore President and Chief Executive Officer.

GUIDANCE:

Atkore International Group sees FY2019 EPS of $3.00-$3.30, versus the consensus of $3.00.

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

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