Atkore - 10-Q quarterly report FY

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

________________________________________

FORM 10-Q

_________________________________________


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 27, 2026


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 001-37793

_________________________________________

Atkore Inc.

(Exact name of registrant as specified in its charter)

_________________________________________


Delaware						90-0631463
(State or other jurisdiction of incorporation or organization)						(IRS Employer Identification No.)

16100 South Lathrop Avenue, Harvey, Illinois 60426

(Address of principal executive offices) (Zip Code)

708-339-1610

(Registrant’s telephone number, including area code)

________________________________________

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading symbol	Name of each exchange on which registered
Common Stock, $0.01 par value per share	ATKR	New York Stock Exchange

_____________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Securities Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

_____________________

As of May 1, 2026, there were 33,767,266 shares of the registrant’s common stock, $0.01 par value per share, outstanding.

TABLE OF CONTENTS


			Page No.

PART I. FINANCIAL INFORMATION
Item 1. Financial Statements (Unaudited)			2
Condensed Consolidated Statements of Operations			2
Condensed Consolidated Statements of Comprehensive Income			3
Condensed Consolidated Balance Sheets			4
Condensed Consolidated Statements of Cash Flows			5
Condensed Consolidated Statement of Changes in Shareholders’ Equity			7
Notes to Condensed Consolidated Financial Statements			9
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			31
Item 3. Quantitative and Qualitative Disclosures about Market Risk			42
Item 4. Controls and Procedures			42

PART II. OTHER INFORMATION
Item 1. Legal Proceedings			44
Item 1A. Risk Factors			44
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			44
Item 3. Defaults Upon Senior Securities			44
Item 4. Mine Safety Disclosures			44
Item 5. Other Information			44
Item 6. Exhibits			45
Signatures			46

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

ATKORE INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)


		Three months ended				Six months ended
(in thousands, except per share data)	Note	March 27, 2026		March 28, 2025		March 27, 2026		March 28, 2025
Net sales		$	731,377	$	701,725	$	1,386,925	$	1,363,322
Cost of sales		595,261		516,608		1,124,876		1,007,117
Gross profit		136,116		185,117		262,049		356,205
Selling, general and administrative		107,914		99,040		207,465		190,492
Intangible asset amortization	13	6,282		10,166		12,593		21,864
Asset impairment charges	4,6	11,553		127,733		11,553		127,733
Operating income (loss)		10,367		(51,822)		30,438		16,116
Interest expense, net		6,985		8,261		13,884		16,470

Litigation settlement expense	16	136,500		—		136,500		—
Other expense, net	7	25,612		6,426		23,285		7,559
Income (loss) before income taxes		(158,730)		(66,509)		(143,231)		(7,913)
Income tax expense (benefit)	8	(34,657)		(16,452)		(34,192)		(4,193)
Net income (loss)		$	(124,073)	$	(50,057)	$	(109,039)	$	(3,720)

Net income (loss) per share
Basic	9	$	(3.68)	$	(1.47)	$	(3.25)	$	(0.11)
Diluted	9	$	(3.65)	$	(1.46)	$	(3.21)	$	(0.11)

See Notes to unaudited condensed consolidated financial statements.

ATKORE INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)


		Three months ended				Six months ended
(in thousands)	Note	March 27, 2026		March 28, 2025		March 27, 2026		March 28, 2025
Net income (loss)		$	(124,073)	$	(50,057)	$	(109,039)	$	(3,720)
Other comprehensive (loss) income, net of tax:
Change in foreign currency translation adjustment		(2,058)		6,666		687		(10,866)
Change in unrecognized loss related to pension benefit plans	10	49		41		97		83
Total other comprehensive (loss) income	10	(2,009)		6,707		784		(10,783)
Comprehensive income (loss)		$	(126,082)	$	(43,350)	$	(108,255)	$	(14,503)

See Notes to unaudited condensed consolidated financial statements.

ATKORE INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)


(in thousands, except share and per share data)	Note	March 27, 2026		September 30, 2025
Assets
Current Assets:
Cash and cash equivalents		$	442,336	$	506,699
Accounts receivable, less allowance for current and expected credit losses of $2,110 and $5,128, respectively		557,852		447,035
Inventories, net	11	401,063		484,845
Income tax assets		157,525		79,547
Prepaid expenses and other current assets		89,781		82,678
Assets held for sale	4	64,944		—
Total current assets		1,713,501		1,600,804
Property, plant and equipment, net	12	534,709		594,266
Intangible assets, net	13	127,020		160,758
Goodwill	13	287,533		294,485
Right-of-use assets, net		144,583		156,679
Deferred tax assets		27,474		35,863
Other long-term assets		13,556		9,067
Total Assets		$	2,848,376	$	2,851,922
Liabilities and Equity
Current Liabilities:
Short-term debt and current maturities of long-term debt	14	$	3,730	$	3,730
Accounts payable		253,743		241,246
Income tax payable		588		720
Accrued compensation and employee benefits		40,913		49,192
Customer liabilities		88,599		128,538
Lease obligations		26,420		26,995
Liabilities held for sale	4	21,203		—
Accrued settlement liabilities	16	136,500		—
Other current liabilities		78,223		74,098
Total current liabilities		649,919		524,519
Long-term debt	14	756,911		756,802
Long-term lease obligations		131,808		144,293
Deferred tax liabilities		13,446		13,451


Other long-term liabilities		15,395		14,516
Total Liabilities		1,567,479		1,453,581
Equity:
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 33,767,094 and 33,665,258 shares issued and outstanding as of March 27, 2026 and September 30, 2025, respectively		338		338
Additional paid-in capital		539,899		526,600
Retained earnings		757,864		889,391
Accumulated other comprehensive loss	10	(17,204)		(17,988)
Total Equity		1,280,897		1,398,341
Total Liabilities and Equity		$	2,848,376	$	2,851,922

See Notes to unaudited condensed consolidated financial statements.

ATKORE INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)


		Six months ended
(in thousands)	Note	March 27, 2026		March 28, 2025
Operating activities:
Net income (loss)		$	(109,039)	$	(3,720)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		69,458		58,571
Deferred income taxes	8	348		(33,428)
Asset impairment charges	15	11,553		127,733
(Gain) loss on sale of business	3	(2,275)		6,101
Loss on assets held for sale	4	25,664		349
Stock-based compensation		16,868		13,810
Amortization of right-of-use assets		17,467		16,412
Provision for doubtful accounts and inventory		16,230		(677)
Legal settlement expense		136,500		—
Other non-cash adjustments to net income		1,667		635
Changes in operating assets and liabilities, net of effects from acquisitions
Accounts receivable		(134,910)		14,799
Inventories		36,699		(385)
Prepaid expenses and other current assets		(6,001)		(22,544)
Accounts payable		28,258		(4,277)
Accrued and other liabilities		(41,099)		5,908
Lease assets and liabilities		(17,840)		(14,556)
Income taxes		(78,492)		(7,560)
Other, net		1,713		3,770
Net cash provided by (used in) operating activities		(27,231)		160,941
Investing activities:
Capital expenditures		(26,226)		(63,635)
Proceeds from sale of a business	3	18,388		6,711

Proceeds from insurance claims		—		1,770

Other, net		(292)		7,132
Net cash used in investing activities		(8,130)		(48,022)
Financing activities:

Repayments of long-term debt	14	(932)		—



Issuance of common stock, net of shares withheld for tax		(3,568)		(5,835)
Repurchase of common stock		—		(100,026)
Finance lease payments		(1,759)		(1,363)
Dividends paid to shareholders		(22,281)		(21,989)

Net cash used in financing activities		(28,540)		(129,213)
Effects of foreign exchange rate changes on cash and cash equivalents		(462)		(4,706)
Decrease in cash and cash equivalents		(64,363)		(21,000)
Cash and cash equivalents at beginning of period		506,699		351,385
Cash and cash equivalents at end of period		$	442,336	$	330,385

See Notes to unaudited condensed consolidated financial statements.


	Six months ended
	March 27, 2026		March 28, 2025
Supplementary Cash Flow Information
Capital expenditures, not yet paid	$	1,391	$	2,373
Operating lease right-of-use assets obtained in exchange for lease liabilities	$	7,042	$	2,766

ATKORE INC.

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY

(Unaudited)


	Common Stock			Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Total Equity
(in thousands)	Shares	Amount
Balance as of September 30, 2025	33,665	$	338	$	526,600	$	889,391	$	(17,988)	$	1,398,341
Net income	—	—		—		15,034		—		15,034
Other comprehensive loss	—	—		—		—		2,793		2,793

Stock-based compensation	—	—		4,020		—		—		4,020
Issuance of common stock, net of shares withheld for tax	85	—		(3,468)		—		—		(3,468)
Repurchase of common stock	—	—		—		—		—		—
Dividends declared	—	—		—		(11,450)		—		(11,450)
Balance as of December 26, 2025	33,750	$	338	$	527,152	$	892,975	$	(15,195)	$	1,405,270
Net loss	—	—		—		(124,073)		—		(124,073)
Other comprehensive income	—	—		—		—		(2,009)		(2,009)
Stock-based compensation	—	—		12,848		—		—		12,848
Issuance of common stock, net of shares withheld for tax	17	—		(101)		—		—		(101)
Repurchase of common stock	—	—		—		—		—		—
Dividends declared	—	—		—		(11,038)		—		(11,038)
Balance as of March 27, 2026	33,767	$	338	$	539,899	$	757,864	$	(17,204)	$	1,280,897


	Common Stock			Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Total Equity
(in thousands)	Shares	Amount
Balance as of September 30, 2024	34,858	$	350	$	509,254	$	1,049,390	$	(19,094)	$	1,539,900
Net income	—	—		—		46,336		—		46,336
Other comprehensive income	—	—		—		—		(17,490)		(17,490)

Stock-based compensation	—	—		6,097		—		—		6,097
Issuance of common stock, net of shares withheld for tax	99	1		(5,864)		—		—		(5,863)
Repurchase of common stock	(559)	(6)		—		(50,506)		—		(50,512)
Dividends declared	—	—		—		(11,120)		—		(11,120)
Balance as of December 27, 2024	34,398	$	345	$	509,487	$	1,034,100	$	(36,584)	$	1,507,348

Net loss	—	—		—		(50,057)		—		(50,057)
Other comprehensive loss	—	—		—		—		6,707		6,707
Stock-based compensation	—	—		7,713		—		—		7,713
Issuance of common stock, net of shares withheld for tax	15	—		28		—		—		28
Repurchase of common stock	(763)	(8)		—		(50,443)		—		(50,451)
Dividends declared	—	—		—		(10,868)		—		(10,868)
Balance as of March 28, 2025	33,650	$	337	$	517,228	$	922,732	$	(29,877)	$	1,410,420

See Notes to unaudited condensed consolidated financial statements.

ATKORE INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

(dollars and shares in thousands, except per share data)

1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Organization and Ownership Structure — Atkore Inc. (the “Company”, “Atkore” or “AI”) is a leading manufacturer of Electrical products primarily for the non-residential construction and renovation markets and Safety & Infrastructure solutions for the construction and industrial markets. Atkore was incorporated in the State of Delaware on November 4, 2010 under the name Atkore International Group, Inc. and changed its name to Atkore Inc. on February 16, 2021. As of March 27, 2026, Atkore was the sole stockholder of Atkore International Inc. ("AII").

The Electrical segment manufactures high quality products used in the construction of electrical power systems including conduit, cable, and installation accessories. This segment serves contractors, in partnership with the electrical wholesale channel.

The Safety & Infrastructure segment designs and manufactures solutions including metal framing, mechanical pipe, perimeter security, and cable management for the protection and reliability of critical infrastructure. These solutions are marketed to contractors, original equipment manufacturers and end users.

Basis of Presentation — The accompanying unaudited condensed consolidated financial statements of the Company included herein have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These unaudited condensed consolidated financial statements have been prepared in accordance with the Company’s accounting policies and on the same basis as those consolidated financial statements included in the Company’s latest Annual Report on Form 10-K for the year ended September 30, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 26, 2025, and should be read in conjunction with those consolidated financial statements and the notes thereto. Certain information and disclosures normally included in the Company’s annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC.

The unaudited condensed consolidated financial statements include the assets and liabilities used in operating the Company’s business. All intercompany balances and transactions have been eliminated in consolidation. The results of companies acquired or disposed of are included in the unaudited condensed consolidated financial statements from the effective date of acquisition or up to the date of disposal.

These statements include all adjustments (consisting of normal recurring adjustments) that the Company considered necessary to present a fair statement of its results of operations, financial position and cash flows. The results reported in these unaudited condensed consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year.

Fiscal Periods — The Company has a fiscal year that ends on September 30. The Company’s fiscal quarters typically end on the last Friday in December, March and June as it follows a 4-5-4 calendar.

Use of Estimates — The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclose contingent assets and liabilities at the date of the condensed consolidated financial statements and report the associated amounts of revenues and expenses. Actual results could differ materially from these estimates.

Recent Accounting Pronouncements

A summary of recently adopted accounting guidance is as follows. Adoption dates are on the first day of the fiscal year indicated below, unless otherwise specified.

ASU

Description of ASU

Impact to Atkore

Adoption Date

2023-09 Income Taxes (Topic 740); Improvements to Income Tax Disclosures

The ASU requires companies to provide additional tax disclosures including specific categories in the rate reconciliations and reconciling items that meet a quantitative threshold. Additional disclosures are also required for income tax paid and the disaggregation of domestic and foreign income tax expense.

The Company has adopted the standard in fiscal 2026 and will include the disclosures required by the ASU within the Income Tax Footnote of the annual report.

2026

2024-03 Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40)

The ASU requires companies to disclose, in the notes to the financial statements, specified information about certain costs and expenses. The amendments in this update do not change or remove current expense disclosure requirements presented on the face of the income statement. However, the amendments require the disaggregation of certain expense captions into specified categories in the notes to financial statements and inclusion of certain current disclosures in the same tabular format as the other disaggregation requirements in the amendments.

The Company will adopt the standard in fiscal 2028 and include the disclosures required by the ASU within the annual report and quarterly reports beginning in fiscal 2029.

2028

2025-06 Intangibles - Goodwill and Other-Internal-Use Software (Subtopic 350-40); Targeted Improvements to the Accounting for Internal-Use Software

This ASU requires companies to consider project stages in determining whether a software development cost for internal-use software is capitalized or expensed. The amendment requires an entity to start capitalizing software costs when management has both authorized and committed to funding the software project and when it is probable that the project will be completed and the software will be used to perform the intended function. Additionally, disclosures are required for all capitalized internal-use software costs, regardless of how those costs are presented in the financial statements in accordance with Subtopic 360-10, Property, Plant, and Equipment - Overall.

The Company is still evaluating the future impact of this accounting standard.

2029

2. REVENUE FROM CONTRACTS WITH CUSTOMERS

The Company’s revenue arrangements primarily consist of a single performance obligation to transfer promised goods which is satisfied at a point in time when title, risks and rewards of ownership, and subsequently control have transferred to the customer. This generally occurs when the product is shipped to the customer, with an immaterial amount of transactions in which control transfers upon delivery. The Company primarily offers assurance-type standard warranties that do not represent separate performance obligations.

Under the Inflation Reduction Act of 2022 (“IRA”), the Company is eligible for tax credits related to the manufacturing and selling of components used in the solar energy industry. These tax credits are transferable under the IRA when they meet certain criteria. When credits do not meet the transferability criteria, the benefit is recognized within income tax expense in accordance with ASC 740, “Income Taxes.” Beginning in fiscal 2024, the Company has concluded that the credits generated are transferable. As such, the benefit of the solar energy tax credits is recognized as a reduction of cost of sales.

The Company has contractual arrangements with certain customers to transfer a portion of the tax credits or to otherwise provide a rebate based on an agreed-upon value of the tax credits generated. Pursuant to such contractual arrangements, if the tax credits will be transferred to the customer, the Company identifies two separate performance obligations: (1) transfer the promised goods; and (2) transfer of the defined portion of the tax credits earned. The Company allocates the total value of these transactions between the two performance obligations. As a result of this allocation, the Company recognizes a reduction to revenue, similar to a rebate. For arrangements with no transfer of tax credits there is only a single performance obligation to transfer the promised goods and a rebate, which is recognized as a reduction of revenue, is granted based on the agreed-upon value of the tax credits generated.

The solar energy tax credit receivable is recorded in Prepaid expenses and Other current assets and the liability to transfer the defined portion of the tax credits or the economic value thereof is recorded in Customer Liabilities.

For the six months ended March 27, 2026, the Company has recognized a reduction of revenue of $30,391 for the economic value of tax credits to be transferred and a benefit to cost of sales of $33,993. As of March 27, 2026, the Company had a liability of $18,167 for credits to be transferred or the value thereof. As of March 27, 2026, all activity related to the solar energy tax credits was within the Safety & Infrastructure segment.

The Company has certain arrangements that require it to estimate at the time of sale the amounts of variable consideration that should not be recorded as revenue as certain amounts are not expected to be collected from customers, as well as an estimate of the value of products to be returned. The Company principally relies on historical experience, specific customer agreements, and anticipated future trends to estimate these amounts at the time of sale and to reduce the transaction price. These arrangements include sales discounts and allowances, volume rebates, and returned goods. The Company records its obligations related to these items within the Customer liabilities line on the condensed consolidated balance sheets.

To the extent that the Company receives cash payments for performance obligations that have not yet been met, the Company records these amounts as deferred revenue within the Customer liabilities line on the condensed consolidated balance sheet.

The Company records amounts billed to customers for reimbursement of shipping and handling costs within revenue. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as fulfillment costs and are included in cost of goods sold. Sales taxes and other usage-based taxes are excluded from revenue. The Company does not evaluate whether the selling price includes a financing interest component for contracts that are less than a year. The Company also expenses costs incurred to obtain a contract, primarily sales commissions, as all obligations will be settled in less than one year.

The Company typically receives payment 30 to 60 days from the point it has satisfied the related performance obligation. See Note 18, “Segment Information” for revenue disaggregated by geography and product categories.

3. DIVESTITURES

On December 1, 2025, the Company sold Tectron Tube. The transaction was structured as an asset sale.


(in thousands)	Tectron Tube
Cash consideration	$	18,388
Note received	7,300
Net assets divested	23,273
Gain on sale of business	$	2,415

Net assets divested included working capital of $14,727, fixed assets, net of $8,545, and right-of-use assets and lease liabilities of $387 and $386, respectively. Working capital primarily included accounts receivables, net of $3,971, and inventory, net of $10,227. For consideration, the Company received cash of $18,388 and a note receivable of $7,300 payable in April 2026.

In fiscal 2023, the Company initiated plans to exit operations in Russia and that asset disposal group was recognized as assets held for sale. The Company recognized losses on those assets in fiscal 2023 as the Company did not expect to recover the value of its investment. The Company completed its exit in the first quarter of fiscal 2026 and recognized a loss on sale of business of $140.

On February 10, 2025, the Company sold Northwest Polymers LLC. The transaction was structured as a stock sale.


(in thousands)	Northwest Polymers
Cash consideration	$	6,711
Net assets divested	12,812
Loss on sale of business	$	(6,101)

Net assets divested included intangibles, net of $7,692, fixed assets, net of $2,063, working capital of $1,900, right of use assets and liabilities of $3,521 and $3,120 respectively, and allocated goodwill of $756. As part of the sale, the Company recognized additional tax expense of $3,946, which includes disallowed loss on the transaction of $1,101 and the write off of related deferred tax assets of $2,845.

4. ASSETS HELD FOR SALE

In September 2025, the Company announced a strategic review that included the potential sale of its High-Density Polyethylene ("HDPE") pipe business. During the second quarter of 2026, the Company's Board of Directors approved the sale and a potential buyer was identified. As of March 27, 2026, all criteria under ASC 360-10-45-9 were met, and the Company's HDPE business (the "disposal group"), a component of the Electrical reportable segment, was classified as held for sale. The disposal group did not meet the criteria for classification as a discontinued operation under ASC 205-20, and accordingly, the results of operations of the HDPE business are included in the Company's results from continuing operations for all periods presented.

On April 7, 2026, the Company completed the sale of the HDPE business to Infra Pipes Solutions U.S Corp. Under the terms of the sale agreement, Atkore contributed its HDPE business, together with commitments to provide an additional approximately $28,000 of cash, in exchange for a retained 10% equity interest in the combined entity and contingent consideration.

The disposal group, consisting of the associated assets and liabilities, is measured at the lower of carrying value or fair value less costs to sell. Depreciation and amortization expense is not recorded for the period in which assets are classified as held for sale.

Goodwill of $6,500 associated with the HDPE business was determined to be fully impaired as of March 27, 2026, resulting in an impairment charge that is included in Asset impairments in the Condensed Consolidated Statements of Operations for the three and six months ended March 27, 2026.

After the impairment of the goodwill, the carrying value of the remaining net assets held for sale was greater than their fair value less costs to sell, resulting in a loss of $25,664 that is included in Other expense, net in the Condensed Consolidated Statements of Operations for the three and six months ended March 27, 2026.

The fair value less costs to sell of the disposal group was primarily determined using a discounted cash flows model but also considered information obtained through the bidding process. The discounted cash flows model includes significant unobservable inputs, and is therefore classified as a Level 3 fair value measurement. This fair value measurement is preliminary and subject to change as the Company finalizes its valuation analysis.

The following table presents the major classes of assets and liabilities classified as held for sale:


(in thousands)	Assets held for sale at March 27, 2026
Accounts receivable, net	15,957
Inventory, net	25,273
Other current assets	586
Property, plant and equipment, net	18,697
Intangibles, net	21,048
Deferred tax assets	8,135
Right of use assets	$	912
Preliminary assets held for sale	$	90,608
Less valuation allowance	$	(25,664)
Assets held for sale	$	64,944


(in thousands)	Liabilities held for sale at March 27, 2026
Accounts payable	$	12,668
Other accrued liabilities	3,573
Short term lease liabilities	1,546
Long term lease liabilities	3,416
Liabilities held for sale	$	21,203

5. POSTRETIREMENT BENEFITS

The Company provides pension benefits through a number of noncontributory and contributory defined benefit retirement plans covering eligible U.S. employees. As of September 30, 2017, all defined pension benefit plans were frozen, whereby participants no longer accrue credited service.

The net periodic benefit credit was as follows:


	Three months ended				Six months ended
(in thousands)	March 27, 2026		March 28, 2025		March 27, 2026		March 28, 2025
Interest cost	$	1,118	$	1,139	$	2,236	$	2,278
Expected return on plan assets	(1,254)		(1,081)		(2,508)		(2,161)
Amortization of actuarial loss	62		52		124		104
Net periodic benefit (credit) cost	$	(74)	$	110	$	(148)	$	221

6. RESTRUCTURING CHARGES

On September 29, 2025, the Company announced plans for headcount reductions and plant closures at certain of its facilities. The following tables summarize the activities related to the plan.

The liability for restructuring reserves is included within Other current liabilities in the Company's condensed consolidated balance sheets as follows:


	Electrical				Safety & Infrastructure		Other/ Corporate
(in thousands)	Severance		Other		Severance		Severance		Total
Balance as of September 30, 2025	$	845	$	—	$	227	$	257	$	1,329
Charges	445		167		928		(13)		1,527
Utilization	(772)		(162)		(245)		(244)		(1,423)



Balance as of December 26, 2025	$	518	$	5	$	910	$	—	$	1,433
Charges	514		2,809		805		—		4,128
Utilization	(603)		(2,555)		(309)		—		(3,467)



Balance as of March 27, 2026	$	429	$	259	$	1,406	$	—	$	2,094

The Company expects to utilize all restructuring accruals as of March 27, 2026 within the next twelve months. The net restructuring charges included as a component of Selling, general and administrative expenses in the Company's condensed consolidated statements of operations were as follows:


	Three months ended				Six months ended
(in thousands)	March 27, 2026		March 28, 2025		March 27, 2026		March 28, 2025
Total restructuring charges, net	$	4,128	$	595	$	5,656	$	916

In addition to the charges presented above, the Company reduced the remaining useful lives of assets still in use at the plants that are closing in fiscal 2026. This resulted in an additional depreciation expense of $9,739 and $17,903 to be recognized in the three and six months ended March 27, 2026. Depreciation of plant assets is recognized in Cost of sales.

The Company additionally recognized a non-cash impairment charge of $3,774 pertaining to operating lease right-of-use assets, as well as $1,279 associated with construction-in-progress assets, in connection with the closure of plants and the subsequent winding down of operations.

7. OTHER EXPENSE, NET

Other expense, net consisted of the following:


	Three months ended				Six months ended
(in thousands)	March 27, 2026		March 28, 2025		March 27, 2026		March 28, 2025


Loss on assets held for sale	$	25,664	$	281	$	25,664	$	349
Foreign exchange loss on intercompany loans	—		—		—		1,021

Pension-related benefits	(52)		44		(104)		88
Loss (gain) on sale of business	—		6,101		(2,275)		6,101

Other expense, net	$	25,612	$	6,426	$	23,285	$	7,559

In fiscal 2026, the Company divested Tectron Tube as well as operations in Russia, resulting in the Company recognizing a gain of $2,415 and a loss of $140, respectively. In fiscal 2025, the Company divested Northwest Polymers, resulting in the Company recognizing a loss of $6,101.

As of March 27, 2026, the HDPE business met the criteria to be classified as held for sale. Accordingly, the business was measured at fair value, resulting in the recognition of a valuation allowance of $25,664. see Note 4, “Assets Held for Sale” for additional details.

8. INCOME TAXES

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted into law. The OBBBA contains corporate tax law changes, including the restoration of 100% bonus depreciation; the creation of Section 174A, which reinstates expensing for domestic research and experimental expenditures; modifications to Section 163(j) interest limitations; updates to the rules for global intangibles low-taxed income and foreign-derived intangible income; amendments to the rules for energy credits; and the expansion of Section 162(m) aggregation requirements. The Company is currently evaluating this legislation and determining what impact it would have to the Company’s financial statements.

For the three months ended March 27, 2026 and March 28, 2025, the Company’s effective tax rate attributable to income before income taxes was 21.8% and 24.7%, respectively. For the three months ended March 27, 2026 and March 28, 2025, the Company had income tax benefits of $34,657 and $16,452, respectively. The decrease in the current period effective tax rate was driven by the impact of the impairment of the HDPE long-lived assets recorded in the second quarter of fiscal 2025.

For the six months ended March 27, 2026 and March 28, 2025, the Company’s effective tax rate attributable to income before income taxes was 23.9% and 53.0%, respectively. For the six months ended March 27, 2026 and March 28, 2025, the Company had income tax benefits of $34,192 and $4,193, respectively. The decrease in the current period effective tax rate was driven by the impact of the impairment of the HDPE long-lived assets and divestiture of Northwest Polymers LLC in the second quarter of fiscal 2025.

A valuation allowance has been recorded against certain net operating losses in certain foreign jurisdictions. A valuation allowance is recorded when it is determined to be more likely than not that these assets will not be fully realized in the foreseeable future. The realization of deferred tax assets is dependent upon whether the Company can generate future taxable income in the appropriate character and jurisdiction to utilize the assets. The amount of the deferred tax assets considered realizable is subject to adjustment in future periods.

9. EARNINGS PER SHARE

The Company calculates basic and diluted earnings per common share using the two-class method. Under the two-class method, net earnings are allocated to each class of common stock and participating securities as if all of the net earnings for the period had been distributed. The Company’s participating securities consist of share-based payment awards that contain a non-forfeitable right to receive dividends and therefore are considered to participate in undistributed earnings with common stockholders.

Basic earnings per common share excludes dilution and is calculated by dividing the net earnings allocated to common stock by the weighted-average number of common stock outstanding for the period. Diluted earnings per common share is calculated by dividing net earnings allocated to common stock by the weighted-average number of shares outstanding for the period, as adjusted for the potential dilutive effect of non-participating share-based awards.

The following tables set forth the computation of basic and diluted earnings per share:


	Three months ended				Six months ended
(in thousands, except per share data)	March 27, 2026		March 28, 2025		March 27, 2026		March 28, 2025
Numerator:
Net income (loss)	$	(124,073)	$	(50,057)	$	(109,039)	$	(3,720)
Less: Undistributed earnings allocated to participating securities	—		—		—		—
Net income (loss) available to common shareholders	$	(124,073)	$	(50,057)	$	(109,039)	$	(3,720)

Denominator:
Basic weighted average common shares outstanding	33,761		34,074		33,734		34,428
Effect of dilutive securities: Non-participating employee stock options (1)	198		216		199		232
Diluted weighted average common shares outstanding	33,959		34,290		33,933		34,660
Basic earnings (loss) per share	$	(3.68)	$	(1.47)	$	(3.25)	$	(0.11)
Diluted earnings (loss) per share	$	(3.65)	$	(1.46)	$	(3.21)	$	(0.11)


(1) Stock options to purchase shares of common stock that would have been anti-dilutive are not included in the calculation. There were no anti-dilutive options outstanding during the three and six months ended March 27, 2026 and March 28, 2025.

10. ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present the changes in accumulated other comprehensive loss by component for the three months ended March 27, 2026 and March 28, 2025.


(in thousands)	Defined Benefit Pension Items		Currency Translation Adjustments		Total
Balance as of December 26, 2025	$	(10,366)	$	(4,829)	$	(15,195)
Other comprehensive income before reclassifications	—		(2,058)		(2,058)
Amounts reclassified from accumulated other comprehensive income, net of tax	49		—		49
Net current period other comprehensive income (loss)	49		(2,058)		(2,009)

Balance as of March 27, 2026	$	(10,317)	$	(6,887)	$	(17,204)


(in thousands)	Defined Benefit Pension Items		Currency Translation Adjustments		Total
Balance as of December 27, 2024	$	(10,366)	$	(26,218)	$	(36,584)
Other comprehensive loss before reclassifications	—		6,666		6,666
Amounts reclassified from accumulated other comprehensive loss, net of tax	41		—		41
Net current period other comprehensive income	41		6,666		6,707

Balance as of March 28, 2025	$	(10,325)	$	(19,552)	$	(29,877)

The following tables present the changes in accumulated other comprehensive loss by component for the six months ended March 27, 2026 and March 28, 2025.


(in thousands)	Defined Benefit Pension Items		Currency Translation Adjustments		Total
Balance as of September 30, 2025	$	(10,414)	$	(7,574)	$	(17,988)
Other comprehensive loss before reclassifications	—		687		687
Amounts reclassified from accumulated other comprehensive loss, net of tax	97		—		97
Net current period other comprehensive income	97		687		784

Balance as of March 27, 2026	$	(10,317)	$	(6,887)	$	(17,204)


(in thousands)	Defined Benefit Pension Items		Currency Translation Adjustments		Total
Balance as of September 30, 2024	$	(10,408)	$	(8,686)	$	(19,094)
Other comprehensive income before reclassifications	—		(10,866)		(10,866)
Amounts reclassified from accumulated other comprehensive income, net of tax	83		—		83
Net current period other comprehensive income	83		(10,866)		(10,783)

Balance as of March 28, 2025	$	(10,325)	$	(19,552)	$	(29,877)

11. INVENTORIES, NET

A majority of the Company’s inventories are recorded at the lower of cost (primarily last in, first out, or “LIFO”) or market or net realizable value, as applicable. Approximately 79% and 81% of the Company’s inventories were valued at the lower of LIFO cost or market at each of March 27, 2026 and September 30, 2025. Interim LIFO determinations, including those at March 27, 2026, are based on management’s estimates of future inventory levels and costs for the remainder of the current fiscal year.


(in thousands)	March 27, 2026		September 30, 2025
Purchased materials and manufactured parts, net	$	96,752	$	134,869
Work in process, net	61,771		74,159
Finished goods, net	242,540		275,817
Inventories, net	$	401,063	$	484,845

Total inventories would be $31,807 higher and $8,995 higher than reported as of March 27, 2026 and September 30, 2025, respectively, if the first-in, first-out method was used for all inventories.

During the three months ended March 27, 2026, inventory quantities in specific pools were lower at the end of the period than the quantities at the beginning of the period. This reduction resulted in a liquidation of LIFO inventory quantities carried at net higher costs prevailing in the respective prior years as compared with the cost of respective current year purchases. The effect of this inventory reduction resulted in increased cost of goods sold and decreasing operating income of approximately $2,630.

As of March 27, 2026, and September 30, 2025, the excess and obsolete inventory reserve was $29,590 and $23,192, respectively.

12. PROPERTY, PLANT AND EQUIPMENT

As of March 27, 2026 and September 30, 2025, property, plant and equipment and accumulated depreciation were as follows:


(in thousands)	March 27, 2026		September 30, 2025
Land	$	30,130	$	29,766
Buildings and related improvements	204,607		217,894
Machinery and equipment	708,552		701,220
Leasehold improvements	19,210		22,116
Software	61,172		64,371
Construction in progress	89,011		107,758
Property, plant and equipment, at cost	1,112,682		1,143,125
Accumulated depreciation	(577,973)		(548,859)
Property, plant and equipment, net	$	534,709	$	594,266

Depreciation expense for the three months ended March 27, 2026 and March 28, 2025 totaled $27,058 and $19,072, respectively. Depreciation expense for the six months ended March 27, 2026 and March 28, 2025 totaled $56,866 and $36,706, respectively.

13. GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill are as follows:


(in thousands)	Electrical		Safety & Infrastructure		Total
Balance as of September 30, 2025	$	260,843	$	33,642	$	294,485


Assets Held for Sale	(6,500)		—		(6,500)

Exchange rate effects	(467)		15		(452)
Balance as of March 27, 2026	$	253,876	$	33,657	$	287,533

Goodwill balances as of March 27, 2026 included $12,145 and $61,885 of accumulated impairment losses within the Electrical and Safety & Infrastructure segments, respectively.

The Company designated its HDPE business as held for sale as of the quarter ended March 27, 2026. Consequently, an amount of $6,500 attributable to goodwill was allocated to the HDPE business unit. This allocation of goodwill has been recognized within assets classified as held for sale. Following the allocation of goodwill, the Company conducted an evaluation of the HDPE business for potential impairment and as a result, recognized an impairment of $6,500. See Note 4, “Assets Held for Sale” for additional details.

The Company assesses the recoverability of goodwill and indefinite-lived trade names on an annual basis in accordance with ASC 350, “Intangibles - Goodwill and Other.” The measurement date is the first day of the fourth fiscal quarter, or more frequently, if events or circumstances indicate that it is more likely than not that the fair value of a reporting unit or the respective indefinite-lived trade name is less than the carrying value.

The following table provides the gross carrying value, accumulated amortization and net carrying value for each major class of intangible asset:


		March 27, 2026						September 30, 2025
(in thousands)	Weighted Average Useful Life (Years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Amortizable intangible assets:
Customer relationships	11	$	375,329	$	(343,321)	$	32,008	$	401,771	$	(338,201)	$	63,570
Other	8	23,541		(21,311)		2,230		25,205		(20,797)		4,408
Total		398,870		(364,632)		34,238		426,976		(358,998)		67,978
Indefinite-lived intangible assets:
Trade names		92,782		—		92,782		92,780		—		92,780
Total		$	491,652	$	(364,632)	$	127,020	$	519,756	$	(358,998)	$	160,758

Other intangible assets consist of definite-lived trade names, technology, non-compete agreements and backlogs. Included in the table above are the effects of changes in exchange rates, which were not material for the six months ended March 27, 2026. Additionally, the Company reclassified $21,048 of intangible assets net of amortization related to the HDPE business to assets held for sale as described in Note 4, “Assets Held for Sale”. Amortization expense for the three months ended March 27, 2026 and March 28, 2025 was $6,282 and $10,166, respectively.

Expected amortization expense for intangible assets for the remainder of fiscal 2026 and over the next five years and thereafter is as follows:


(in thousands)
Remaining 2026	$	7,194
2027	13,676
2028	3,890
2029	2,740
2030	2,738
2031	1,921
Thereafter	2,079

Actual amounts of amortization may differ from estimated amounts due to additional intangible asset acquisitions, impairment of intangible assets and other events.

14. DEBT

Debt as of March 27, 2026 and September 30, 2025 was as follows:


(in thousands)	March 27, 2026		September 30, 2025

ABL Credit Facility	$	—	$	—
Senior Secured Term Loan Facility due September 29, 2032	369,864		370,628
Senior Notes due June 2031	400,000		400,000
Deferred financing costs	(9,223)		(10,096)
Total debt	$	760,641	$	760,532
Less: Current portion	3,730		3,730
Long-term debt	$	756,911	$	756,802

The asset-based credit facility (the “ABL Credit Facility”) has aggregate commitments of $325,000. AII is the borrower under the ABL Credit Facility which is guaranteed by the Company and all other subsidiaries of the Company (other than AII) that are guarantors of the Senior Notes (as defined below). AII’s availability under the ABL Credit Facility was $325,000 as of each of March 27, 2026 and September 30, 2025.

The ABL Credit Facility uses a forward-looking interest rate based on the Secured Overnight Financing Rate (“SOFR”) consisting of an applicable margin ranging from 1.25% to 1.75% and a credit spread adjustment of 0.10%.

On April 30, 2025, AII, a wholly owned subsidiary of the Company, entered into a Fourth Amendment to its existing Credit Agreement, dated as of August 28, 2020, which, among other things, (i) extended the maturity of the facility to the earlier of April 30, 2030 or 91 days prior to the maturity date of the existing senior term loan facility if at least $100,000 of obligations remain outstanding under the existing senior secured term loan facility on such date and (ii) amended certain terms and thresholds with respect to the Company’s borrowing base capacity.

On March 15, 2023, the Company entered into an amendment to the New Senior Secured Term Loan Facility to implement a forward-looking interest rate based on the Secured Overnight Financing Rate (“SOFR”) in lieu of LIBOR, consisting of an applicable margin of 2.00% and a credit spread adjustment of (i) 0.11448% for a one-month interest period, (ii) 0.26161% for a three-month interest period and (iii) 0.42826% for a six-month interest period.

On September 29, 2025, the Company entered into a new $373,000 senior secured term loan facility (the “New Senior Secured Term Loan Facility”) pursuant to an amendment to its existing Term Loan Credit Agreement (the “Amendment”). The New Senior Secured Term Loan Facility will mature on the earlier of (i) September 29, 2032 and (ii) the date that is 91 days prior to the maturity of the Company’s existing senior notes due June 1, 2031 if more than $100,000 of such senior notes remains outstanding as of such date. Borrowings under the New Senior Secured Term Loan Facility will bear interest at the rate of either (x) Term SOFR (with a floor of 0%) plus 2.00%, or (y) an alternate base rate (with a floor of 1.5%) plus 1.00%. The New Senior Secured Term Loan Facility has an annual amortization rate of 1.00%.

Senior Notes - On May 26, 2021, the Company completed the issuance and sale of the $400,000 aggregate principal amount of 4.25% Senior Notes due 2031 (the “Senior Notes”) in a private offering. The Senior Notes were sold only to qualified institutional buyers in compliance with Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside of the United States in compliance with Regulation S of the Securities Act.

15. FAIR VALUE MEASUREMENTS

Certain assets and liabilities are required to be recorded at fair value on a recurring basis.

The Company periodically uses forward currency contracts to hedge the effects of foreign exchange relating to intercompany balances denominated in a foreign currency. These derivative instruments are not formally designated as a hedge by the Company. Short-term forward currency contracts are recorded in either other current assets or other current liabilities and long-term forward currency contracts are recorded in either other long-term assets or other long-term liabilities in the condensed consolidated balance sheets. The fair value gains and losses are included in Other expense, net, within the condensed consolidated statements of operations. See Note 7, “Other Expense, net” for further detail.

Cash flows associated with derivative financial instruments are recognized in the operating section of the condensed consolidated statements of cash flows. The fair value of forward currency contracts is calculated by reference to current forward exchange rates for contracts with similar maturity profiles.

The Company had no active forward currency contracts or other derivative instruments as of March 27, 2026, or September 30, 2025.

The following table presents the Company’s assets and liabilities measured at fair value:


	March 27, 2026				September 30, 2025
(in thousands)	Level 1		Level 2		Level 1		Level 2
Assets
Cash equivalents	$	352,216	$	—	$	422,292	$	—

The Company’s remaining financial instruments consist primarily of cash, accounts receivable and accounts payable whose carrying value approximate their fair value due to their short-term nature.

The estimated fair value of financial instruments not carried at fair value in the condensed consolidated balance sheets were as follows:


	March 27, 2026				September 30, 2025
(in thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value

Senior Secured Term Loan Facility due September 29, 2032	$	372,068	$	372,068	$	373,000	$	371,135
Senior Notes due June 2031	400,000		372,328		400,000		373,164
Total Debt	$	772,068	$	744,396	$	773,000	$	744,299

In determining the approximate fair value of its long-term debt, the Company used the trading values among financial institutions, and these values fall within Level 2 of the fair value hierarchy. The carrying value of the ABL Credit Facility approximates fair value due to it being a market-linked variable rate debt.

16. COMMITMENTS AND CONTINGENCIES

The Company has obligations related to commitments to purchase certain goods. As of March 27, 2026, such obligations were $193,733 for the rest of fiscal year 2026 and $16,000 for fiscal year 2027 and beyond. These amounts represent open purchase orders for materials used in production.

Insurable Liabilities — The Company maintains policies with various insurance companies for its workers’ compensation, product, property, general, auto, and executive liability risks. The insurance policies that the Company maintains have various retention levels and excess coverage limits. The establishment and update of liabilities for unpaid claims, including claims incurred but not reported, is based on management's estimate as a result of the assessment by the Company's claim administrator of each claim and an independent actuarial valuation of the nature and severity of total claims. The Company utilizes a third-party claims administrator to pay claims, track and evaluate actual claims experience, and ensure consistency in the data used in the actuarial valuation.

Legal Contingencies — From time to time, the Company is subject to a number of disputes, administrative proceedings and other claims arising out of the ordinary conduct of the Company’s business. These matters generally relate to disputes arising out of the use or installation of the Company’s products, product liability litigation, contract disputes, patent infringement accusations, employment matters, personal injury claims and similar matters, but other claims can and have been raised.

Except as reflected below, any recorded liabilities, including any changes to such liabilities for the six months ended March 27, 2026 and March 28, 2025, respectively, were not material to the condensed consolidated financial statements.

Claims, suits, investigations and proceedings are inherently uncertain, and it is not possible to predict the ultimate outcome of these matters. It is the Company’s experience that damage amounts claimed in litigation against it are unreliable and unrelated to possible outcomes, and as such are not meaningful indicators of the Company’s potential liability. Except to the extent reflected below, the Company believes the likelihood of material loss is remote and/or is unable to reasonably estimate any loss due to a number of factors, including considerations of the procedural status of the matter in question, and/or the ongoing discovery and development of information important to the matters.

Whether any losses, damages or remedies finally determined in any claim, suit, investigation or proceeding could reasonably have a material effect on the company’s business, financial condition, results of operations or cash flows will depend on a number of variables, including: the timing and amount of such losses or damages; the structure and type of any such remedies; the significance of the impact of any such losses, damages or remedies; and the unique facts and circumstances of the particular matter that may give rise to additional factors. While the Company will continue to defend itself vigorously, it is possible that the Company’s business, financial condition, results of operations or cash flows could be affected in any particular period by the resolution of one or more of these matters.

The following is a summary of the more significant legal matters involving the Company.

Historically, a number of lawsuits have been filed against the Company and the Company has also received other claim demand letters alleging that the Company's anti-microbial coated steel sprinkler pipe, which the Company has not manufactured or sold for several years, is incompatible with chlorinated polyvinyl chloride and caused stress cracking in such pipe manufactured by third parties when installed together in the same sprinkler system, which the Company refers to collectively as the “Special Products Claims.” Tyco International Ltd., now Johnson Controls, Inc. (“JCI”), has a contractual obligation to indemnify the Company in respect of all remaining and future claims of incompatibility between the Company's antimicrobial coated steel sprinkler pipe and CPVC pipe used in the same sprinkler system. When Special Products Claims arise, JCI has defended and indemnified the Company as required.

As of the date of this filing, no Special Product Claims are currently pending against the Company as JCI has resolved all claims at their sole cost and expense.

In the fourth quarter of fiscal 2024, the Company was named a defendant in several putative class action lawsuits, consolidated under the caption In re: PVC Pipe Antitrust Litigation (N.D. Ill. 24-cv-07639), seeking injunctive and monetary relief on behalf of both direct and indirect purchasers of PVC water pipe and PVC conduit. The suits generally allege anticompetitive conduct related to the price of PVC pipes sold in the United States between approximately 2021 and the present. Specifically, the

complaints allege that the defendant PVC pipe manufacturers improperly shared otherwise confidential information through their contribution of information to, and readership of, a weekly report called “PVC & Pipe Weekly” published by defendant Oil Price Information Service, LLC (“OPIS”), as well as through direct communications with each other. The complaints claim that this conspiracy violated Section 1 of the Sherman Antitrust Act of 1890, as amended, and certain state laws. All cases are pending in federal court for the Northern District of Illinois. Amended complaints were filed in August 2025 that included additional allegations against the defendants, including the Company. Defendants have filed motions to dismiss the amended complaints, and briefing on these motions is complete. The Court has not ruled on the pending motions to dismiss. Procedurally, the case remains in an early stage. Limited discovery has occurred and a stay on most discovery continues in place through July 1, 2026. The Company has engaged in mediation sessions with two putative classes: the Direct Purchaser Plaintiffs (“DPPs”) and Non-Converter Seller Purchaser Plaintiffs (“NCSPs”). On April 28, 2026, the Company entered into proposed settlement agreements with these two putative classes of plaintiffs in In re: PVC Pipe Antitrust Litigation. Specifically, the Company agreed to pay (i) the putative class of DPPs $72.5 million and (ii) the putative class of NCSPs $64 million and, for each settling putative class, to provide certain negotiated cooperation. The settlement agreements contain various other rights and obligations. The Company has not admitted liability in connection with either proposed settlement. The Settlement Agreements remain subject to preliminary and final approval by the Court. The putative DPP and NCSP classes filed unopposed motions for preliminary approval of the settlement agreements on April 29, 2026, which remain pending before the Court. The claims of the End User Plaintiffs, the third putative class in the Class Action Litigation, remain pending and no settlement discussions with this putative class have taken place. The Company intends to vigorously defend itself against the claims asserted by the putative DPP and NCSP classes if the proposed settlements are not approved by the Court or are terminated according to their terms, and against the claims asserted by the remaining putative End User class. There are differences between the classes including, but not limited to, the applicable legal framework applied to the individual classes. The settlement amounts for the DPP and NCSP Plaintiffs are reflected as a non-operating expense and a current liability in the quarter ended March 27, 2026. Although the Company views incurrence of a loss in this matter as probable in relation to the End User class of plaintiffs, the Company cannot reasonably estimate a range of such loss at this time. Among the many considerations leading the Company to this conclusion, are the early procedural posture of the matter, the limited level of engagement between the parties, the lack of approved and finalized settlements, differing claims, circumstances and legal frameworks among the putative classes and uncertainties related to ongoing government investigations.

An adverse outcome in this antitrust litigation could have a material adverse impact on the Company’s business, financial position, results of operations or cash flows.

In September 2025, the Company was also named a defendant in a lawsuit in British Columbia, Canada with allegations similar to those in the US antitrust lawsuits. At this time, the Company is not able to predict any outcome or estimate the amount of loss, if any, which could be associated with any adverse decision in this matter.

On February 13, 2025, the Company received from the U.S. Department of Justice Antitrust Division (“DOJ”) a grand jury subpoena issued by the U.S. District Court for the Northern District of California. The subpoena calls for production of documents relating to the pricing of the Company’s PVC pipe and conduit products. The Company is complying, and intends to continue to comply, with its obligations under the subpoena. In October 2025, the DOJ intervened in In re: PVC Pipe Antitrust Litigation and sought an order from the court staying most discovery in these matters for six months. DOJ’s motion to stay discovery was granted without objection. The DOJ subsequently moved to extend the stay through July 1, 2026, which extension was granted by the Court. The DOJ investigation continues.

In the second quarter of fiscal 2025, the Company and certain of its current and former officers were named as defendants in two putative securities class action lawsuits under the captions Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefits Fund v. Atkore Inc. et al (N.D. Ill 1:25-cv-01851) and Coles v. Atkore Inc. et al (N.D. Ill 1:25-cv-02686). The complaints assert claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Rule 10(b)(5) promulgated thereunder, based on disclosures about the Company’s business, operations,

and prospects, which were allegedly false or misleading based on the allegations in the antitrust matters described above. The complaints seek damages in an unspecified amount on behalf of all shareholders who purchased shares during the class period. Those cases were consolidated, an amended complaint was filed in August 2025, and a further amended complaint was filed in December 2025. The defendants moved to dismiss the complaint, and briefing on that motion is expected to be completed in June 2026. The Company believes there are defenses, both factual and legal, to the allegations in these proceedings, and the Company plans to vigorously defend the cases.

Also, in the second quarter of fiscal 2025, a putative shareholder derivative lawsuit was filed naming the Company as the nominal defendant under the caption Blatzer v. Waltz et al (N.D. Ill 1:25-cv-02833). The Company’s directors and certain of its current and former officers are named as defendants. A second such lawsuit was filed under the caption LR Trust v. Waltz et al (N.D. III 1:25-cv-08009). These complaints assert claims for breach of fiduciary duties, aiding and abetting breach of fiduciary duties, unjust enrichment, waste, and violations of federal securities laws, and in LR Trust, an insider trading claim, based primarily on the same alleged conduct underlying the securities class action lawsuits described above, and seek damages in an unspecified amount and other relief. Those lawsuits were consolidated and have been stayed.

At this time, the Company is not able to predict any outcome or estimate the amount of loss, if any, which could be associated with any adverse decision on the securities or derivative litigation above. An adverse outcome in the securities or derivative litigation above could have a material adverse impact on the Company’s business, financial position, results of operations or cash flows.

17. GUARANTEES

The Company had no outstanding letters of credit as of March 27, 2026. The Company also had surety bonds primarily related to performance guarantees on supply agreements and construction contracts, and payment of duties and taxes totaling $25,328 as of March 27, 2026.

In disposing of assets or businesses, the Company often provides representations, warranties and indemnities to cover various risks including unknown damage to the assets, environmental risks involved in the sale of real estate, liability to investigate and remediate environmental contamination at waste disposal sites and manufacturing facilities, and unidentified tax liabilities and legal fees related to periods prior to disposition. The Company does not have the ability to estimate the potential liability from such indemnities because they relate to unknown conditions. However, the Company has no reason to believe that these uncertainties would have a material adverse effect on the Company’s business, financial condition, results of operations or cash flows.

In the normal course of business, the Company is liable for product performance and contract completion. In the opinion of management, such obligations will not have a material adverse effect on the Company’s business, financial condition, results of operations or cash flows.

18. SEGMENT INFORMATION

Atkore operates its business through two operating segments which are also its reportable segments: Electrical and Safety & Infrastructure. The Company’s operating segments are organized based on primary market channel and, in most instances, the end use of products. The Company reviews the results of its operating segments separately for the purpose of making decisions about resource allocation and performance assessment. The Company evaluates performance on the basis of net sales and Adjusted EBITDA.

The Electrical segment manufactures high quality products used in the construction of electrical power systems including conduit, cable and installation accessories. This segment serves contractors in partnership with the electrical wholesale channel.

The Safety & Infrastructure segment designs and manufactures solutions including metal framing, mechanical pipe, perimeter security and cable management for the protection and reliability of critical

infrastructure. These solutions are marketed to contractors, original equipment manufacturers and end users.

The Company’s Chief Operating Decision Maker (“CODM”) is the President and Chief Executive Officer. The CODM uses Adjusted EBITDA to allocate resources predominantly in the annual planning process. Adjusted EBITDA is used to monitor and evaluate periodic results against budget, forecast and prior period results.

Both segments use Adjusted EBITDA as the primary measure of profit and loss. Segment Adjusted EBITDA is income (loss) before income taxes, adjusted to exclude unallocated expenses, depreciation and amortization, interest expense, net, stock-based compensation, loss on extinguishment of debt, gains and losses on the divestiture of a business, asset impairment charges, certain legal matters, and other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, insurance recovery related to damages of property, plant and equipment, release of indemnified uncertain tax positions, realized or unrealized gain (loss) on foreign currency impacts of intercompany loans and related forward currency derivatives, gain on purchase of business, loss on assets held for sale, restructuring costs and transaction costs.

Intersegment transactions primarily consist of product sales at designated transfer prices on an arm’s-length basis. Gross profit earned and reported within the segment is eliminated in the Company’s consolidated results. Certain manufacturing and distribution expenses are allocated between the segments on a pro rata basis due to the shared nature of activities. Recorded amounts represent a proportional amount of the quantity of product produced for each segment. Certain assets, such as machinery and equipment and facilities, are not allocated to each segment despite serving both segments. These shared assets are reported within the Safety & Infrastructure segment. The Company allocates certain corporate operating expenses that directly benefit our operating segments, such as insurance and information technology, on a basis that reasonably approximates an estimate of the use of these services.


	Three months ended
	March 27, 2026						March 28, 2025
(in thousands)	External Net Sales		Intersegment Sales		Adjusted EBITDA		External Net Sales		Intersegment Sales		Adjusted EBITDA
Electrical	$	532,452	$	5	$	74,351	$	492,670	$	7	$	90,943
Safety & Infrastructure	198,925		175		17,303		209,055		218		36,064
Eliminations	—		(180)				—		(225)
Consolidated operations	$	731,377	$	—			$	701,725	$	—


	Six months ended
	March 27, 2026						March 28, 2025
(in thousands)	External Net Sales		Intersegment Sales		Adjusted EBITDA		External Net Sales		Intersegment Sales		Adjusted EBITDA
Electrical	$	1,001,998	$	13	$	129,453	$	958,025	$	7	$	183,330
Safety & Infrastructure	384,927		425		47,490		405,297		700		51,643
Eliminations	—		(438)				—		(707)
Consolidated operations	$	1,386,925	$	—			$	1,363,322	$	—

The table below presents the reconciliation of net sales from continuing operations to Adjusted EBITDA by segment.


	Three months ended
	March 27, 2026				March 28, 2025
(in thousands)	Electrical		Safety and Infrastructure		Electrical		Safety and Infrastructure
Net Sales	$	532,457	$	199,100	$	492,677	$	209,272
Cost of sales	(415,137)		(179,971)		(358,204)		(161,779)
Selling, general and administrative expenses	(56,602)		(22,812)		(57,953)		(18,111)
Other Segment Items (a)	13,633		20,986		14,423		6,682
Adjusted EBITDA	$	74,351	$	17,303	$	90,943	$	36,064
(a) Other Segment items include intangibles amortization expense, depreciation expense, interest expense, income tax expense, and other adjustments to the measure of profitability as defined above.


	Six months ended
	March 27, 2026				March 28, 2025
(in thousands)	Electrical		Safety and Infrastructure		Electrical		Safety and Infrastructure
Net Sales	$	1,002,011	$	385,352	$	958,031	$	405,997
Cost of sales	(788,721)		(333,046)		(682,345)		(330,187)
Selling, general and administrative expenses	(110,094)		(43,133)		(111,185)		(37,714)
Other Segment Items (a)	26,257		38,317		18,829		13,547
Adjusted EBITDA	$	129,453	$	47,490	$	183,330	$	51,643
(a) Other Segment items include intangibles amortization expense, depreciation expense, interest expense, income tax expense, and other adjustments to the measure of profitability as defined above.

Presented below is a reconciliation of Operating segment Adjusted EBITDA to Income before income taxes:


	Three months ended				Six months ended
(in thousands)	March 27, 2026		March 28, 2025		March 27, 2026		March 28, 2025
Operating segment Adjusted EBITDA
Electrical	$	74,351	$	90,943	$	129,453	$	183,330
Safety & Infrastructure	17,303		36,064		47,490		51,643
Total	$	91,654	$	127,007	$	176,943	$	234,973
Unallocated expenses (a)	(10,601)		(10,598)		(26,744)		(19,414)
Depreciation and amortization	(33,340)		(29,238)		(69,458)		(58,571)
Interest expense, net	(6,985)		(8,261)		(13,884)		(16,470)
Restructuring charges	(4,128)		(595)		(5,656)		(916)
Transaction costs	(4,020)		(174)		(10,291)		(209)
Loss on assets held for sale	(25,664)		(281)		(25,664)		(349)
Loss on sale of business	—		(6,101)		2,275		(6,101)
Asset impairment charges	(11,553)		(127,733)		(11,553)		(127,733)
Stock-based compensation	(12,848)		(7,713)		(16,868)		(13,810)
Litigation settlement expense	(136,500)		—		(136,500)		—
Other (b)	(4,745)		(2,822)		(5,831)		687
Income before income taxes	$	(158,730)	$	(66,509)	$	(143,231)	$	(7,913)

(a) Represents unallocated selling, general and administrative activities and associated expenses including, in part, executive, legal, finance, human resources, information technology, business development and communications, as well as certain costs and earnings of employee-related benefits plans, such as stock-based compensation and a portion of self-insured medical costs.
(b) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans and insurance recoveries.

The table below presents capital expenditures by segment for the six months ended March 27, 2026 and March 28, 2025, respectively. Additionally presented are total assets by segment as of March 27, 2026 and September 30, 2025.


	Capital Expenditures				Total Assets
(in thousands)	March 27, 2026		March 28, 2025		March 27, 2026		September 30, 2025
Electrical	$	14,366	$	30,877	$	1,497,298	$	1,456,834
Safety & Infrastructure	8,987		19,465		660,810		721,156
Unallocated (a)	2,873		13,293		690,268		673,932
Consolidated operations	$	26,226	$	63,635	$	2,848,376	$	2,851,922
(a) Unallocated capital expenditures represent those activities within the corporate departments. Unallocated total assets includes corporate assets primarily consisting of cash, corporate prepaid assets, fixed assets and income tax-based assets

The Company’s net sales by geography were as follows for the three and six months ended March 27, 2026 and March 28, 2025:


	Three months ended				Six months ended
(in thousands)	March 27, 2026		March 28, 2025		March 27, 2026		March 28, 2025
United States	$	619,057	$	608,792	$	1,184,819	$	1,182,152
Other Americas	20,012		23,150		37,957		42,894
Europe	52,820		57,099		99,363		115,028
Asia-Pacific	39,488		12,684		64,786		23,248
Total	$	731,377	$	701,725	$	1,386,925	$	1,363,322

The Company’s long-lived assets by geography were as follows:


	Long-Lived Assets
(in thousands)	March 27, 2026		September 30, 2025
United States	$	614,373	$	681,948
Other Americas	9,311		8,253
Europe	48,689		53,300
Asia-Pacific	6,919		7,445
Total	$	679,292	$	750,946

The table below shows the amount of net sales from external customers for each of the Company’s product categories which accounted for 10% or more of consolidated net sales in either period for the six months ended March 27, 2026 and March 28, 2025:


	Three months ended				Six months ended
(in thousands)	March 27, 2026		March 28, 2025		March 27, 2026		March 28, 2025
Metal Electrical Conduit and Fittings	$	128,981	$	111,866	$	247,337	$	214,071
Electrical Cable & Flexible Conduit	125,078		124,991		235,969		234,457
Plastic Pipe and Conduit	149,484		160,464		287,597		323,026

Other Electrical products (a)	128,909		95,349		231,095		186,471
Electrical	532,452		492,670		1,001,998		958,025

Mechanical Pipe	74,077		70,530		139,439		136,789

Other Safety & Infrastructure products (b)	124,848		138,527		245,488		268,508
Safety & Infrastructure	198,925		209,055		384,927		405,297
Net sales	$	731,377	$	701,725	$	1,386,925	$	1,363,322
(a) Other Electrical products includes International Cable Management, Fiberglass Conduit and Corrosion Resistant Conduit.
(b) Other S&I products includes Metal Framing and Fittings, Construction Services, Perimeter Security and Cable Management.

19. SUBSEQUENT EVENTS

On April 7, 2026, the Company completed the sale of its HDPE business, which had been classified as held for sale as of March 27, 2026. See Note 4, “Assets Held for Sale” for additional details.

On April 28, 2026, the Company entered into settlement agreements (the "Settlement Agreements") with two of the three putative classes in a case captioned In re PVC Pipe Antitrust Litigation (“Class Action Litigation”). These two classes were the Direct Purchaser Plaintiffs ("DPP Plaintiffs") and the Non-Converter Seller Purchaser Plaintiffs ("NCSP" Plaintiffs) (together, the "DPP and NCSP Plaintiffs"), individually and on behalf of the putative DPP and NCSP Plaintiff class members. The Settlement Agreements totaled $136.5 million and was recognized in the Company’s financial statements for the quarter ended March 27, 2026.

On April 30, 2026, Atkore’s Board of Directors approved a quarterly dividend payment of $0.33 per share of common stock payable on May 29, 2026 to stockholders of record on May 19, 2026.

On April 30, 2026, the Company completed the sale of its Vergo Coating SRL and Vergo Galva NV businesses in Belgium. These businesses did not meet the criteria to be classified as assets held for sale as of March 27, 2026.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following information should be read in conjunction with the unaudited condensed consolidated financial statements and related notes included in this report. The following discussion may contain forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in these forward-looking statements. Factors that could cause or contribute to these differences include those factors discussed below and included or referenced elsewhere in this report, particularly in the sections entitled “Forward-Looking Statements” and “Risk Factors.”

Incremental Market Uncertainties

Recent events, including the imposition of tariffs and other changes in international trade policy, central bank interest rate adjustments, inflation, and conflicts in Ukraine and the Middle East are creating additional uncertainty in the global economy, generally, and in the markets we operate in. The aforementioned conflicts and other factors have had and will continue to have adverse effects on global supply chains, which may impact some aspects of our business. Furthermore, we are mindful of the effects that adverse weather can have on our domestic supply chain.

Restructuring and Strategic Review

In fiscal 2025, the Company announced a series of plant closures and a broader strategic review of the Company’s portfolio, which could result in the divestiture of certain businesses. Restructuring costs and activities related to the strategic review could result in increased selling, general and administrative costs in the form of restructuring and transaction costs, as well increased costs of sales as the result of increased depreciation related to a decrease in useful lives of assets at impacted sites. Furthermore, these activities could result in the Company recognizing impairment charges on property, plant and equipment, intangible assets or goodwill.

RESULTS OF OPERATIONS

The consolidated results of operations for the three months ended March 27, 2026 and March 28, 2025 were as follows:


	Three months ended
(in thousands)	March 27, 2026		March 28, 2025		Change		% Change
Net sales	$	731,377	$	701,725	$	29,652	4.2	%
Cost of sales	595,261		516,608		78,653		15.2	%
Gross profit	136,116		185,117		(49,001)		(26.5)	%
Selling, general and administrative	107,914		99,040		8,874		9.0	%
Intangible asset amortization	6,282		10,166		(3,884)		(38.2)	%
Asset impairment charges	11,553		127,733		(116,180)		(91.0)	%
Operating income (loss)	10,367		(51,822)		62,189		(120.0)	%
Interest expense, net	6,985		8,261		(1,276)		(15.4)	%
Litigation settlement expense	136,500		—		136,500		100.0	%
Other expense, net	25,612		6,426		19,186		298.6	%
Income (loss) before income taxes	(158,730)		(66,509)		(92,221)		138.7	%
Income tax expense (benefit)	(34,657)		(16,452)		(18,205)		110.7	%
Net income (loss)	$	(124,073)	$	(50,057)	$	(74,016)	147.9	%

Net sales


	% Change
Volume	4.6	%
Average selling prices	1.5	%

Foreign exchange	1.2	%
Divestitures	(1.8)	%

Other	(1.3)	%
Net sales	4.2	%

Net sales increased by $29.7 million, or 4.2%, to $731.4 million for the three months ended March 27, 2026, compared to $701.7 million for the three months ended March 28, 2025. The increase in net sales is primarily attributed to increased sales volume of $32.3 million, increased average selling prices of $10.2 million and foreign exchange benefits of $8.2 million partially offset by the impact of divestitures of $12.6 million.

Cost of sales


	% Change
Volume	3.8	%
Average input costs	15.9	%
Solar energy tax credits	(1.9)	%


Divestitures	(2.0)	%
Other	(0.6)	%
Cost of sales	15.2	%

Cost of sales increased by $78.7 million, or 15.2%, to $595.3 million for the three months ended March 27, 2026 compared to $516.6 million for the three months ended March 28, 2025. The increase was primarily due to increased inputs costs of $82.1 million and increased sales volume of $19.4 million and partially offset by higher solar energy tax credits of $9.9 million the impact of recent divestitures $10.4 million.

Selling, general and administrative

Selling, general and administrative expenses increased by $8.9 million, or 9.0%, to $107.9 million for the three months ended March 27, 2026 compared to $99.0 million for the three months ended March 28, 2025. The increase was primarily due to increased compensation costs, net of productivity initiatives, of $5.1 million, increased restructuring costs of $3.5 million, and increased transaction costs of $3.8 million, partially offset by lower costs of $3.5 million across various other spend categories.

Intangible asset amortization

Intangible asset amortization expense decreased to $6.3 million for the three months ended March 27, 2026 compared to $10.2 million for the three months ended March 28, 2025. The decrease in amortization expense resulted from certain intangibles becoming fully amortized or the amortizable base decreasing as a result of impairment charges recorded in fiscal 2025.

Asset impairment charges

Asset impairment charges decreased to $11.6 million for the three months ended March 27, 2026 compared to $127.7 million for the three months ended March 28, 2025. The decrease in asset impairment charges resulted primarily from the impairment charges recorded against the HDPE business in fiscal 2025 of $127.7 million compared to the fiscal 2026 impairments of goodwill related to the HDPE business of $6.5 million, as described in Note 4, “Assets Held for Sale”, and impairment charges of $3,774 pertaining to operating lease right-of-use assets, as well as $1,279 associated with

construction-in-progress assets, in connection with the closure of plants, as described in Note 6, “Restructuring Charges”.

Interest expense, net

Interest expense, net decreased by $1.3 million, or 15.4% to $7.0 million for the three months ended March 27, 2026 compared to $8.3 million for the three months ended March 28, 2025. The decrease is primarily due to decreased interest rates on the Company’s Senior Secured Term Loan Facility.

Litigation settlement expense

Litigation settlement expense increased to $136.5 million for the three months ended March 27, 2026 compared to no related expense for the three months ended March 28, 2025. The increase in expense is related to the settlement of two classes in the ongoing PVC antitrust litigation described in Note 16, “Commitments and Contingencies”.

Other expense, net

The Company recognized $25.6 million of other expense for the three months ended March 27, 2026 compared to $6.4 million of other expense for the three months ended March 28, 2025. This change is primarily due to a loss of $25.7 million on HDPE assets and liabilities designated as held for sale in the second quarter of fiscal 2026 compared the loss on sale of business of $6.1 million related to the sale of Northwest Polymers in fiscal 2025.

Income tax expense (benefit)

The Company’s income tax rate decreased to 21.8% for the three months ended March 27, 2026 compared to 24.7% for the three months ended March 28, 2025. The decrease in the current period effective tax rate was driven by the impact of the impairment of the HDPE long-lived assets recorded in Q2 FY25.

SEGMENT RESULTS

The Safety & Infrastructure segment designs and manufactures solutions including metal framing, mechanical pipe, perimeter security and cable management for the protection and reliability of critical infrastructure. These solutions are marketed to contractors, original equipment manufacturers and end users.

Electrical


	Three months ended
(in thousands)	March 27, 2026			March 28, 2025			Change		% Change
Net sales	$	532,457		$	492,677		$	39,780	8.1	%
Adjusted EBITDA	$	74,351		$	90,943		$	(16,592)	(18.2)	%
Adjusted EBITDA margin	14.0		%	18.5		%

Net sales


	% Change
Volume	5.8	%
Average selling prices	1.3	%
Foreign exchange	1.6	%

Other	(0.6)	%
Net sales	8.1	%

Net sales increased by $39.8 million, or 8.1%, to $532.5 million for the three months ended March 27, 2026 compared to $492.7 million for the three months ended March 28, 2025. The increase in net sales is primarily attributed to increased sales volume of $28.4 million, foreign exchange benefits of $8.0 million and increased average selling prices of $6.5 million.

Adjusted EBITDA

Adjusted EBITDA for the three months ended March 27, 2026 decreased by $16.6 million, or 18.2%, to $74.4 million from $90.9 million for the three months ended March 28, 2025. Adjusted EBITDA margin decreased to 14.0% for the three months ended March 27, 2026 compared to 18.5% for the three months ended March 28, 2025. The decrease in Adjusted EBITDA and Adjusted EBITDA margin was largely due to increases in input costs outpacing increases in average selling prices.

Safety & Infrastructure


	Three months ended
(in thousands)	March 27, 2026			March 28, 2025			Change		% Change
Net sales	$	199,100		$	209,272		$	(10,172)	(4.9)	%
Adjusted EBITDA	$	17,303		$	36,064		$	(18,761)	(52.0)	%
Adjusted EBITDA margin	8.7		%	17.2		%

Net sales


	% Change
Volume	1.9	%
Average selling prices	1.8	%
Solar energy tax credits	(4.1)	%
Divestitures	(4.5)	%

Net sales	(4.9)	%

Net sales decreased by $10.2 million, or 4.9%, for the three months ended March 27, 2026 to $199.1 million compared to $209.3 million for the three months ended March 28, 2025. The decrease is primarily attributed to the impact of recent divestitures of $9.5 million and higher solar credit rebates of

$8.5 million, partially offset by increased sales volume of $3.9 million and an increase in average selling price of $3.7 million.

Adjusted EBITDA

Adjusted EBITDA decreased by $18.8 million, or 52.0%, to $17.3 million for the three months ended March 27, 2026 compared to $36.1 million for the three months ended March 28, 2025. Adjusted EBITDA margin decreased to 8.7% for the three months ended March 27, 2026 compared to 17.2% for the three months ended March 28, 2025. The decrease in Adjusted EBITDA and Adjusted EBITDA margin was largely due to higher input costs.

The consolidated results of operations for the six months ended March 27, 2026 and March 28, 2025 were as follows:


	Six months ended
(in thousands)	March 27, 2026		March 28, 2025		Change		% Change
Net sales	$	1,386,925	$	1,363,322	$	23,603	1.7	%
Cost of sales	1,124,876		1,007,117		117,759		11.7	%
Gross profit	262,049		356,205		(94,156)		(26.4)	%
Selling, general and administrative	207,465		190,492		16,973		8.9	%
Intangible asset amortization	12,593		21,864		(9,271)		(42.4)	%
Asset impairment charges	11,553		127,733		(116,180)		(91.0)	%
Operating income (loss)	30,438		16,116		14,322		88.9	%
Interest expense, net	13,884		16,470		(2,586)		(15.7)	%
Litigation settlement expense	136,500		—		136,500		100.0	%
Other expense, net	23,285		7,559		15,726		208.0	%
Income (loss) before income taxes	(143,231)		(7,913)		(135,318)		1,710.1	%
Income tax expense (benefit)	(34,192)		(4,193)		(29,999)		715.5	%
Net income	$	(109,039)	$	(3,720)	$	(105,319)	2,831.2	%

Net sales


	% Change
Volume	3.4	%
Average selling prices	(0.6)	%
Solar energy tax credits	(0.6)	%

Divestitures	(1.3)	%
Other	0.8	%
Net sales	1.7	%

Net sales increased by $23.6 million, or 1.7%, to $1,386.9 million for the six months ended March 27, 2026, compared to $1,363.3 million for the six months ended March 28, 2025. The increase in net sales is primarily attributed to increased sales volume of $47.6 million, partially offset by the impact of divestitures of $17.7 million, the impact of solar credits rebates of $8.7 million and lower average selling prices of $7.9 million.

Cost of sales


	% Change
Volume	3.5	%
Average input costs	10.7	%
Solar energy tax credits generated	(0.9)	%


Divestitures	(1.6)	%

Cost of sales	11.7	%

Cost of sales increased by $117.8 million, or 11.7%, to $1,124.9 million for the six months ended March 27, 2026 compared to $1,007.1 million for the six months ended March 28, 2025. The increase in cost of sales was primarily due to higher input costs of $107.9 million and higher sales volume of $35.2 million, partially offset by higher solar energy tax credits of $9.3 million and the impact of recent divestitures of $16.1 million.

Selling, general and administrative

Selling, general and administrative expenses increased by $17.0 million, or 8.9%, to $207.5 million for the six months ended March 27, 2026, compared to $190.5 million for the six months ended March 28, 2025. The increase was primarily due to increased transaction costs of $10.0 million, increased restructuring costs of $4.7 million, increased spending on IT initiatives of $3.0 million, increased commissions of $1.4 million, increased costs of $0.6 million spread across a variety of other spend categories, partially offset by lower compensation expenses, net of productivity initiatives, of $2.7 million.

Intangible asset amortization

Intangible asset amortization expense decreased to $12.6 million for the six months ended March 27, 2026, compared to $21.9 million for the six months ended March 28, 2025. The decrease in amortization expense resulted from certain intangibles becoming fully amortized or the amortizable base decreasing as a result of impairment charges recorded in fiscal 2025.

Asset impairment charges

Asset impairment charges decreased to $11.6 million for the six months ended March 27, 2026 compared to $127.7 million for the six months ended March 28, 2025. The decrease in asset impairment charges resulted primarily from the impairment charges recorded against the HDPE business in fiscal 2025 of $127.7 million compared to the fiscal 2026 impairments of goodwill related to the HDPE business of $6.5 million, as described in Note 4, “Assets Held for Sale”, and impairment charges of $3,774 pertaining to operating lease right-of-use assets, as well as $1,279 associated with construction-in-progress assets, in connection with the closure of plants, as described in Note 6, “Restructuring Charges”.

Interest expense, net

Interest expense, net, decreased by $2.6 million, or 15.7%, to $13.9 million for the six months ended March 27, 2026, compared to $16.5 million for the six months ended March 28, 2025. The decrease is primarily due to decreased interest rates on the Company’s Senior Secured Term Loan Facility.

Litigation settlement expense

Litigation settlement expense increased to $136.5 million for the six months ended March 27, 2026 compared to no related expense for the six months ended March 28, 2025. The increase in expense is related to the settlement of two classes in the ongoing PVC antitrust litigation described in Note 16, “Commitments and Contingencies”.

Other expense, net

Other expense, net, increased to $23.3 million of expense for the six months ended March 27, 2026, compared to $7.6 million of expense for the six months ended March 28, 2025. This is primarily due to a loss on assets held for sale of $25.7 million related to the HDPE business and a gain on the sale of Tectron Tube of $2.3 million in fiscal 2026 compared to a loss on the sale of Northwest Polymers of $6.1 million in fiscal 2025.

Income tax expense (benefit)

The Company’s income tax rate decreased to 23.9% for the six months ended March 27, 2026, compared to 53.0% for the six months ended March 28, 2025. The decrease in the current period effective tax rate was driven by the impact of the impairment of the HDPE long-lived assets and divestiture of Northwest Polymers LLC in the second quarter of fiscal 2025.

SEGMENT RESULTS

Electrical


	Six months ended
(in thousands)	March 27, 2026			March 28, 2025			Change		% Change
Net sales	$	1,002,011		$	958,032		$	43,979	4.6	%
Adjusted EBITDA	$	129,453		$	183,330		$	(53,877)	(29.4)	%
Adjusted EBITDA margin	12.9		%	19.1		%

Net sales


	% Change
Volume	5.4	%
Average selling prices	(1.2)	%
Foreign exchange	1.1	%
Divestitures	(0.7)	%

Net sales	4.6	%

Net sales increased by $44.0 million, or 4.6%, to $1,002.0 million for the six months ended March 27, 2026, compared to $958.0 million for the six months ended March 28, 2025. The increase in net sales is primarily attributed to increased sales volume of $51.8 million and the impact of foreign exchange of $10.1 million, partially offset by decreased average selling prices of $11.6 million and the impact of divestitures of $6.3 million.

Adjusted EBITDA

Adjusted EBITDA for the six months ended March 27, 2026 decreased by $53.9 million, or 29.4%, to $129.5 million from $183.3 million for the six months ended March 28, 2025. Adjusted EBITDA margin decreased to 12.9% for the six months ended March 27, 2026, compared to 19.1% for the six months ended March 28, 2025. The decrease in Adjusted EBITDA and Adjusted EBITDA margin was largely due to the increase in input costs as well as the decrease in average selling prices.

Safety & Infrastructure


	Six months ended
(in thousands)	March 27, 2026			March 28, 2025			Change		% Change
Net sales	$	385,352		$	405,997		$	(20,645)	(5.1)	%
Adjusted EBITDA	$	47,490		$	51,643		$	(4,153)	(8.0)	%
Adjusted EBITDA margin	12.3		%	12.7		%

Net sales


	Change (%)
Volume	(1.0)	%
Average selling prices	0.9	%
Solar energy tax credits to be transferred	(2.1)	%
Divestitures	(2.8)	%
Other	(0.1)	%
Net sales	(5.1)	%

Net sales decreased by $20.6 million, or 5.1%, to $385.4 million for the six months ended March 27, 2026, compared to $406.0 million for the six months ended March 28, 2025. The decrease is primarily due to the impact of divestitures of $11.4 million, the higher economic value of solar energy tax credits to be transferred to certain customers of $8.7 million and the decrease in volume of $4.2 million, partially offset by increased average selling prices of $3.7 million.

Adjusted EBITDA

Adjusted EBITDA decreased $4.2 million, or 8.0%, to $47.5 million for the six months ended March 27, 2026, compared to $51.6 million for the six months ended March 28, 2025. Adjusted EBITDA margin decreased to 12.3% for the six months ended March 27, 2026, compared to 12.7% for the six months ended March 28, 2025. The decrease in Adjusted EBITDA and Adjusted EBITDA margin was largely due to increases in input costs outpacing increases in average selling prices.

LIQUIDITY AND CAPITAL RESOURCES

We believe we have sufficient liquidity to support our ongoing operations and to invest in future growth and create value for stockholders. Our cash and cash equivalents were $442.3 million as of March 27, 2026, of which $117.3 million was held at non-U.S. subsidiaries. Those cash balances at foreign subsidiaries may be subject to withholding or local country taxes if the Company’s intention to permanently reinvest such income were to change and cash was repatriated to the United States.

In general, we require cash to fund working capital investments, acquisitions, capital expenditures, debt repayment, interest payments, taxes, share repurchases and dividend payments. We have access to the ABL Credit Facility to fund operational needs. As of March 27, 2026, there were no outstanding borrowings under the ABL Credit Facility and no letters of credit issued under the ABL Credit Facility. The borrowing base was estimated to be $325.0 million and approximately $325.0 million was available under the ABL Credit Facility as of March 27, 2026. Outstanding letters of credit count as utilization of the commitments under the ABL Credit Facility and reduce the amount available for borrowings.

The agreements governing the Senior Secured Term Loan Facility and the ABL Credit Facility (collectively, the "Credit Facilities") contain covenants that limit or restrict AII’s ability to incur additional indebtedness, repurchase debt, incur liens, sell assets, make certain payments (including dividends), and enter into transactions with affiliates. AII has been in compliance with the covenants under the agreements for all periods presented.

We may from time to time repurchase our debt or take other steps to reduce our debt. These actions may include open market repurchases, negotiated repurchases or opportunistic refinancing of debt. The amount of debt, if any, that may be repurchased or refinanced will depend on market conditions, trading levels of our debt, our cash position, compliance with debt covenants and other considerations.

Our use of cash may fluctuate during the year and from year to year due to differences in demand and changes in economic conditions primarily related to the prices of the commodities we purchase.

Capital expenditures have historically been necessary to expand and update the production capacity and improve the productivity of our manufacturing operations.

Our ongoing liquidity needs are expected to be funded by cash on hand, net cash provided by operating activities and, as required, borrowings under the ABL Credit Facility. We expect that cash provided from operations and available capacity under the ABL Credit Facility will provide sufficient funds to operate our business, make expected capital expenditures and meet our liquidity requirements for at least the next twelve months, including payments of interest and principal on our debt.

There have been no material changes in our contractual obligations and commitments since the filing of our Annual Report on Form 10-K.

Limitations on distributions and dividends by subsidiaries

AI and AII are each holding companies, and as such have no independent operations or material assets other than ownership of equity interests in their respective subsidiaries. Each company depends on its respective subsidiaries to distribute funds to it so that it may pay obligations and expenses, including satisfying obligations with respect to indebtedness. The ability of our subsidiaries to make distributions and dividends to us depends on their operating results, cash requirements and financial and general business conditions, as well as restrictions under the laws of our subsidiaries' jurisdictions.

The agreements governing the Credit Facilities significantly restrict the ability of our subsidiaries, including AII, to pay dividends, make loans or otherwise transfer assets from AII and, in turn, to us. Further, AII's subsidiaries are permitted under the terms of the Credit Facilities to incur additional indebtedness that may restrict or prohibit the making of distributions, the payment of dividends or the making of loans by such subsidiaries to AII and, in turn, to us. The Senior Secured Term Loan Facility requires AII to meet a certain consolidated coverage ratio on an incurrence basis in connection with additional indebtedness. The ABL Credit Facility contains limits on additional indebtedness based on various conditions for incurring the additional debt. AII has been in compliance with the covenants under the agreements for all periods presented.

The table below summarizes cash flow information derived from our statements of cash flows for the periods indicated:


	Six months ended
(in thousands)	March 27, 2026		March 28, 2025
Cash flows provided by (used in):
Operating activities	$	(27,231)	$	160,941
Investing activities	(8,130)		(48,022)
Financing activities	(28,540)		(129,213)

Operating activities

During the six months ended March 27, 2026, the Company used $27.2 million cash flow in operating activities compared to generating $160.9 million during the six months ended March 28, 2025. The $188.1 million decrease in cash provided was primarily due to changes in working capital and taxes payable. Net loss increased $105.3 million but was offset by an increase in transaction and impairment related non-cash charges of $37.3 million and an increase in other noncash adjustments, such as depreciation and deferred taxes, of $66.7 million. Changes in working capital represented $115.9 million

of cash outflows primarily from the change in accounts receivable due to the timing of when our fiscal second quarter ended. The remaining cash outflows were related to changes in income taxes payable $70.9 million.

Investing activities

During the six months ended March 27, 2026, the Company used $8.1 million in investing activities compared to $48.0 million during the six months ended March 28, 2025. The $39.9 million decrease in cash used in investing activities was primarily due to a decrease of $37.4 million in capital expenditures and an increase in proceeds from the sale of a business of $11.7 million, partially offset by less proceeds from the sale of equipment of $7.4 million.

Financing Activities

During the six months ended March 27, 2026, the Company used $28.5 million in financing activities compared to $129.2 million used during the six months ended March 28, 2025. The decrease in cash used in financing activities is primarily due to $100.0 million less cash used to repurchase common stock during the six months ended March 27, 2026.

CHANGES IN CRITICAL ACCOUNTING POLICIES AND ESTIMATES

There have been no material changes in our critical accounting policies and estimates since the filing of our Annual Report on Form 10-K.

RECENT ACCOUNTING STANDARDS

See Note 1, “Basis of Presentation and Summary of Significant Accounting Policies” to our unaudited condensed consolidated financial statements.

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements and cautionary statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s beliefs and assumptions and information currently available to management. 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. They appear in a number of places throughout this Quarterly Report on Form 10-Q and include, without limitation, statements regarding our intentions, beliefs, assumptions or current expectations concerning, among other things, financial position; results of operations; cash flows; prospects; growth strategies or expectations; customer retention; the outcome (by judgment or settlement) and costs of legal, administrative or regulatory proceedings, investigations or inspections, including, without limitation, collective, representative or class action litigation; and the impact of prevailing economic conditions.

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 Quarterly Report. 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 Quarterly Report, 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. Additional factors that could cause actual results and outcomes to differ from those reflected in forward-looking statements include, without limitation:

•the timing and effects of our review of strategic alternatives;

•declines in, and uncertainty regarding, the general business and economic conditions in the United States and international markets in which we operate;

•weakness or another downturn in the United States non-residential construction industry;

•changes in prices of raw materials;

•pricing pressure, reduced profitability, or loss of market share due to intense competition;

•availability and cost of third-party freight carriers and energy;

•security threats, attacks, or other disruptions to our information systems, or failure to comply with complex network security, data privacy and other legal obligations or the failure to protect sensitive information;

•high levels of imports of products similar to those manufactured by us;

•changes in federal, state, local and international governmental regulations and trade policies;

•adverse weather conditions;

•work stoppage or other interruptions of production at our facilities as a result of disputes under existing collective bargaining agreements with labor unions or in connection with negotiations of new collective bargaining agreements, as a result of supplier financial distress, or for other reasons;

•increased costs relating to future capital and operating expenditures to maintain compliance with environmental, health and safety laws;

•reduced spending by, deterioration in the financial condition of, or other adverse developments, including inability or unwillingness to pay our invoices on time, with respect to one or more of our top customers;

•increases in our working capital needs, which are substantial and fluctuate based on economic activity and the market prices for our main raw materials, including as a result of failure to collect, or delays in the collection of, cash from the sale of manufactured products;

•possible impairment of goodwill or other long-lived assets as a result of future triggering events, such as declines in our cash flow projections or customer demand and changes in our business and valuation assumptions;

•product liability, construction defect and warranty claims and litigation relating to our various products, as well as government inquiries and investigations, and consumer, employment, tort and other legal proceedings;

•widespread outbreak of diseases;

•changes in our financial obligations relating to pension plans that we maintain in the United States;

•reduced production or distribution capacity due to interruptions in the operations of our facilities or those of our key suppliers;

•loss of a substantial number of our third-party agents or distributors or a dramatic deviation from the amount of sales they generate;

•our inability to introduce new products effectively or implement our innovation strategies;

•safety and labor risks associated with the manufacture and in the testing of our products;

•our ability to protect our intellectual property and other material proprietary rights;

•risks inherent in doing business internationally;

•changes in foreign laws and legal systems, including as a result of Brexit;

•our inability to continue importing raw materials, component parts and/or finished goods;

•disruptions or impediments to the receipt of sufficient raw materials resulting from various anti-terrorism security measures;

•the incurrence of liabilities and the issuance of additional debt or equity in connection with acquisitions, joint ventures or divestitures and the failure of indemnification provisions in our acquisition agreements to fully protect us from unexpected liabilities;

•failure to manage acquisitions successfully, including identifying, evaluating, and valuing acquisition targets and integrating acquired companies, businesses, or assets;

•the incurrence of additional expenses, increases in the complexity of our supply chain and potential damage to our reputation with customers resulting from regulations related to “conflict minerals”;

•restrictions contained in our debt agreements;

•failure to generate cash sufficient to pay the principal of, interest on, or other amounts due on our debt;

•challenges attracting and retaining key personnel or high-quality employees;

•future changes to tax legislation;

•failure to generate sufficient cash flow from operations or to raise sufficient funds in the capital markets to satisfy existing obligations and support the development of our business; and

•other risks and factors described in this Quarterly Report and from time to time in documents that we file with the SEC.

You should read this Quarterly Report completely and with the understanding that actual future results may be materially different from expectations. All forward-looking statements attributable to us or persons acting on our behalf that are made in this Quarterly Report are qualified in their entirety by these cautionary statements. These forward-looking statements are made only as of the date of this Quarterly Report, and we do not undertake any obligation, other than as may be required by law, to update or revise any forward-looking or cautionary statements to reflect changes in assumptions, the occurrence of events, unanticipated or otherwise, and changes in future operating results over time or otherwise.

Comparisons of results for current and any prior periods are not intended to express any future trends, or indications of future performance, unless expressed as such, and should only be viewed as historical data.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

There have been no material changes to the quantitative and qualitative disclosures about market risks previously disclosed in our Annual Report on Form 10-K.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act) as of the end of the period covered by this Quarterly Report. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.

Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures as of the end of the period covered by this Quarterly Report on Form 10-Q were effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

There have been no changes to our internal control over financial reporting in connection with the evaluation required by Rules 13a-15(d) and 15d-15(d) under the Exchange Act during the most recent

fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

For a discussion of certain litigation involving the Company, see Note 16, “Commitments and Contingencies” to our unaudited condensed consolidated financial statements.

Item 1A. Risk Factors

There have been no material changes to the risk factors previously disclosed in our Annual Report on Form 10-K.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities

On May 2, 2024, the Company’s Board of Directors approved a new share repurchase program (the “2024 Plan”). The 2024 Plan authorizes the Company to repurchase up to $500.0 million of its outstanding stock. The 2024 Plan will be funded from the Company’s available cash balances. As of March 27, 2026, there was $328.1 million of purchases remaining under the 2024 Plan. The 2024 Plan does not obligate the Company to acquire any particular amount of common stock, and it may be terminated at any time at the Company’s discretion.

As illustrated in the following table, there were no share purchases of our common stock under the 2024 Plan during the second quarter of fiscal 2026 (in thousands, except per share data):


Period (4-5-4 calendar)	Total Number Of Shares Purchased	Avg Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Program	Maximum Value of Shares that May Yet Be Purchased Under the Program
December 27, 2025 to January 23, 2026	—	$	—	—	$	328,114
January 24, 2026 to February 27, 2026	—	$	—	—	$	328,114
February 28, 2026 to March 27, 2026	—	$	—	—	$	328,114
Total	—			—

Item 3. Defaults Upon Senior Securities

Not applicable.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Item 408(a) of Regulation S-K requires the Company to disclose whether any director or officer of the issuer has adopted or terminated (i) any trading arrangement that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c); and/or (ii) any written trading arrangement that meets the requirements of a “non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K.

During the quarter ended March 27, 2026, no activity occurred requiring disclosure under Item 408(a) of Regulation S-K.

Item 6. Exhibits


			31.1#			Certification of Chief Executive Officer Pursuant to Exchange Act Rule 13a - 14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
			31.2#			Certification of Chief Financial Officer Pursuant to Exchange Act Rule 13a - 14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
			32.1#			Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
			32.2#			Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
			101.INS#			XBRL Instance Document (formatted as inline XBRL)
			101.SCH#			XBRL Taxonomy Schema Linkbase Document (formatted as inline XBRL)
			101.CAL#			XBRL Taxonomy Calculation Linkbase Document
			101.DEF#			XBRL Taxonomy Definition Linkbase Document
			101.LAB#			XBRL Taxonomy Labels Linkbase Document
			101.PRE#			XBRL Taxonomy Presentation Linkbase Document
			104			Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
			#			Filed herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


			ATKORE INC.
			(Registrant)
Date:	May 5, 2026	By:	/s/ John M. Deitzer
			Vice President and Chief Financial Officer (Principal Financial Officer)

Atkore - 10-Q quarterly report FY

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