Mergers & Acquisitions ·
Atkore Inc. announced its fiscal 2026 third quarter results and entered into a definitive agreement to be acquired by…
ATKRAtkore Inc.
Atkore Inc. announced its fiscal 2026 third quarter results and entered into a definitive agreement to be acquired by Prysmian S.p.A. in an all-cash transaction valued at $95.00 per share, representing an enterprise value of approximately $3.8 billion. For the quarter ended June 26, 2026, net sales increased 8.1% to $794.8 million, while adjusted EBITDA rose 4.7% to $104.7 million. GAAP net income fell 98.3% to $0.7 million due to a $50.0 million litigation settlement expense and increased transaction costs. The Board also approved a quarterly dividend of $0.33 per share, payable on August 28, 2026 to shareholders of record as of August 18, 2026. Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications.