Atkore (ATKR) The 38th Annual Roth Conference summary

Financial performance and guidance

• First quarter results were at the top end of expectations, with volume growth around 2.5% despite fewer shipping days.

• Full-year guidance maintained, with mid-single digit volume growth expected for the year.

• Average selling prices declined 2.5%-3% in Q1, but the rate of decline has slowed compared to previous years.

• Q1 performance included some isolated productivity and operational efficiency benefits not expected to repeat.

• Second half of the year is expected to be stronger due to seasonal construction trends and specific business drivers.

Market trends and business drivers

• Anticipates a normal seasonal ramp in H2, driven by construction seasonality and project timing.

• Growth in solar torque tube business and large construction services projects expected to drive H2 performance.

• Market growth in core segments projected at low single digits, with company initiatives expected to deliver above-market growth.

• Data centers remain a key growth area, while healthcare is recovering and office/multifamily segments are mixed.

• Contractor backlogs remain stable at around eight months, supporting steady project flow.

Pricing, costs, and imports

• Steel-related products have seen four consecutive quarters of price increases, tracking raw material costs and tariffs.

• PVC and other raw materials show independent price movements, impacting cost of goods sold.

• Steel conduit imports from Mexico have declined from 25% to mid/high teens due to tariffs; PVC imports remain steady at 6%-9%.

• Tariff changes and raw material volatility, especially in copper, continue to influence pricing strategies.

• Price versus cost dynamics are complex due to multiple raw material exposures and market factors.