Atkore International Group (ATKR) Tops Q2 EPS by 8c, Revenues Miss; Raises FY19 EPS & Adj. EBITDA Guidance

Atkore International Group (NYSE: ATKR) reported Q2 EPS of $0.83, $0.08 better than the analyst estimate of $0.75. Revenue for the quarter came in at $469.31 million versus the consensus estimate of $478.77 million.

• Diluted earnings per share decreased by $0.18 to $0.61; Adjusted net income per diluted share increased by $0.20 to $0.83
• Net income decreased by $13.0 million, or 30.6%, to $29.6 million; Adjusted EBITDA increased by $11.8 million, or 18.0%, to $77.1 million
• Full-year Adjusted EBITDA guidance increased to $300.0 million - $310.0 million
• Full-year Adjusted net income per diluted share guidance increased to $3.25 - $3.40

“Atkore again produced strong quarterly results with net sales and Adjusted EBITDA growth of 5% and 18% year over year, respectively,” commented Bill Waltz, President and Chief Executive Officer of Atkore. “Our primary focus on serving customers with the right products and solutions is a catalyst that has enabled us to raise our full year guidance for a second time this year and deliver upon our commitments to our shareholders.”

GUIDANCE:

Atkore International Group sees FY2019 EPS of $3.25-$3.40, versus the consensus of $3.20.

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

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