Atkore Inc. announced its financial results for the second quarter of fiscal year 2025, ended March 28, 2025, reporting a net loss of $50.1 million compared to a net income of $138.0 million in the prior-year period. This loss was primarily driven by lower gross profit of $106.5 million, asset impairment charges of $127.7 million, and a $6.1 million loss on the sale of a business.
Net sales decreased by 11.5% to $701.7 million from $792.9 million year-over-year, mainly due to a $131.4 million decrease in average selling prices, partially offset by a $38.9 million increase in sales volume. Adjusted EBITDA declined by 45.1% to $116.4 million from $211.9 million, with Adjusted diluted EPS decreasing to $2.04 from $4.08.
Despite the challenging quarter, Atkore maintained its full-year fiscal 2025 outlook for Adjusted EBITDA at $375 million to $425 million and Adjusted net income per diluted share at $5.75 - $6.85. The Safety & Infrastructure segment showed some resilience with a 3.4% increase in net sales and a 41.3% increase in Adjusted EBITDA, driven by higher margins in the construction business.
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