Atkore Inc. (NYSE:ATKR) Q3 2023 Earnings Conference Call August 8, 2023 8:00 AM ET

Company Participants

William Waltz - President & CEO

David Johnson - CFO

John Deitzer - VP, Treasury & IR

Conference Call Participants

Chris Dankert - Loop Capital Markets

Deane Dray - RBC Capital Markets

Andy Kaplowitz - Citigroup

Chris Moore - CJS Securities

Operator

Good morning. My name is Jean Louis, and I will be your conference operator today. At this time, I would like to welcome everyone to the Atkore Third Quarter Fiscal Year 2023 Earnings Conference Call. All lines have been placed in a listen-only mode. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded. Thank you.

I would now like to turn the conference over to your host, John Deitzer, Vice President of Treasury and Investor Relations. Thank you. You may begin.

John Deitzer

Thank you, and good morning, everyone. I’m joined today by Bill Waltz, President and CEO, as well as David Johnson, Chief Financial Officer. We will take your questions after comments by Bill and David.

I would like to remind everyone that during this call, we may make projections or forward-looking Statements regarding future events or financial performance of the Company. Such statements involve risks and uncertainties such that actual results may differ materially. Please refer to our SEC filings in today’s press release, which identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. In addition, any reference in our discussion today to EBITDA means adjusted EBITDA, and any reference to EPS or adjusted EPS, means adjusted diluted earnings per share. Adjusted EBITDA and adjusted diluted earnings per share are non-GAAP measures. Reconciliations of non-GAAP measures and a presentation of the most comparable GAAP measures are available in the appendix to today’s presentation.

With that, I’ll turn it over to Bill.

William Waltz

Thanks, John, and good morning, everyone. Before we discuss the quarter, I want to briefly address an incident that occurred at one of our HDPE pipe facilities. On Sunday, there was a fire in the exterior yard of our United Poly Systems facility in Albuquerque, New Mexico, where finished goods are stored. The health and safety of our employees and the local community is always our primary concern. I want to publicly thank the incredible efforts of our local fire officials and our Atkore team on the ground. The fire has been contained and no one was injured. In terms of stakeholder impact at this time, we do not expect this incident to impact our 2023 financial outlook. With seven HDPE facilities nationwide, we are confident in our ability to meet the majority of our customer orders and redirect production as needed.