ATKR INVESTOR NOTICE: Atkore Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - The Atkore class action lawsuit alleges that Atkore Inc. and certain executives violated the Securities Exchange Act of 1934, with claims of anticompetitive practices leading to inflated PVC pipe prices and subsequent financial losses for investors [1][4]. Company Overview - Atkore Inc. is engaged in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions [3]. Allegations of the Lawsuit - The lawsuit claims that Atkore participated in a price-fixing scheme that artificially inflated PVC pipe prices [4]. - It is alleged that Atkore benefited financially from this scheme until it was exposed, leading to a significant drop in PVC pipe prices and negatively impacting the company's operations [4]. - Following the exposure of these practices, Atkore reported a 17% year-over-year decline in net sales for Q1 FY 2025, totaling $661.6 million, which was below analysts' expectations [5]. Financial Impact - Atkore's guidance for FY 2025 was significantly reduced, with adjusted EPS expectations lowered from$7.80 to $8.90 to a new range of$5.75 to $6.85, and adjusted EBITDA expectations reduced from$475 million to $525 million to a range of$375 million to $425 million [5]. - The announcement of these financial results led to a nearly 20% drop in Atkore's common stock price [5].