Atkore Inc. (the “Company” or “Atkore”) (NYSE: ATKR) today provided an update on planned strategic actions being taken to strengthen and improve the future financial returns for the Company. The Atkore Board of Directors and executive leadership team, with the assistance of financial and legal advisors, are evaluating a broad range of alternatives to enhance focus on Atkore’s core electrical infrastructure portfolio that includes product lines and businesses from both its Electrical and Safety & Infrastructure segments, which the Board and its advisors believe will create opportunities to increase long-term shareholder value.

Bill Waltz, Atkore President and CEO stated, “We remain focused on continuous improvement and today’s announcement underscores our commitment to increasing shareholder value.”

“Based on our ongoing strategic review, we believe that focusing our portfolio on our core electrical infrastructure business and taking steps to improve our cost structure will best position Atkore for future success,” said Atkore’s Board of Directors.

As part of this process, Atkore has undertaken a review of select assets that may not fit the Company’s core electrical infrastructure portfolio, including the potential sale of its HDPE (High-Density Polyethylene) pipe and conduit business, which primarily serves the telecommunications market, and several other non-electrical infrastructure focused assets. The Company is also taking steps to reduce costs, including a recent reduction in headcount and the identification of three manufacturing facilities that will be consolidated in calendar year 2026. Earlier this year, Atkore announced the divestiture of its Northwest Polymers business. These actions are a continuation of Atkore’s strategy to optimize its cost structure and portfolio.

There can be no assurance that the strategic process will result in the Company pursuing any specific outcome. There is no deadline or definitive timetable set for completion of the strategic process. Atkore does not intend to make any further public comment on the process unless and until it determines that further disclosure is appropriate or necessary.

Citi is serving as financial advisor to Atkore, Debevoise & Plimpton LLP is serving as legal advisor and Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor.

About Atkore Inc.

Atkore is a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications. With 5,600 employees and $3.2B in sales in fiscal year 2024, we deliver sustainable solutions to meet the growing demands of electrification and digital transformation. To learn more, please visit www.atkore.com.

Dissemination of Company Information

Atkore intends to make future announcements regarding company developments and financial performance through its website, www.atkore.com, as well as through press releases, filings with the Securities and Exchange Commission, conference calls, media broadcasts, and webcasts.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements relating to financial outlook. Some of the forward-looking statements can be identified by the use of forward-looking terms such as “believes,” “expects,” “may,” “will,” “shall,” “should,” “would,” “could,” “seeks,” “aims,” “projects,” “is optimistic,” “intends,” “plans,” “estimates,” “anticipates” or other comparable terms. Forward-looking statements include, without limitation, all matters that are not historical facts. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of the market in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results of operations, financial condition and cash flows, and the development of the market in which we operate, are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.

A number of important factors, including, without limitation, the risks and uncertainties disclosed in the Company’s filings with the SEC including but not limited to the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K could cause actual results and outcomes to differ materially from those reflected in the forward-looking statements. The Company assumes no obligation to update the information contained herein, which speaks only as of the date hereof.

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