Call Start: 08:00 January 1, 0000 8:45 AM ET

Atkore Inc. (NYSE:ATKR)
Q3 2024 Earnings Conference Call
August 6, 2024 08:00 ET

Company Participants

Matthew Kline - Vice President of Treasury & Investor Relations
Bill Waltz - President & Chief Executive Officer
David Johnson - Chief Financial Officer

Conference Call Participants

Andrew Kaplowitz - Citigroup
Alex Rygiel - B. Riley
Deane Dray - RBC
Chris Moore - CJS Securities
Chris Dankert - Loop Capital

Operator

Good morning. My name is Mark and I will be your conference operator today. At this time, I would like to welcome everyone to Atkore's Third Quarter Fiscal Year 2024 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, Matt Kline, Vice President of Treasury and Investor Relations. Thank you. You may begin, sir.

Matthew Kline

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 and 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 mean 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.

Bill Waltz

Thanks, Matt and good morning, everyone. Starting on Slide 3, in the third quarter, organic volume was essentially flat year-over-year. We saw strength in our construction services business due to large mega projects and from solar due to increased production in our Hobart, Indiana facility. These gains were offset by broad pricing softness across most of the Electrical business. We did not see a noticeable summer construction uptick in demand as is generally the case.