Atkore Inc. (ATKR) revealed earnings for second quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $138.0 million, or $3.67 per share. This compares with $174.2 million, or $4.31 per share, in last year's second quarter.
Excluding items, Atkore Inc. reported adjusted earnings of $151.7 million or $4.08 per share for the period.
Analysts on average had expected the company to earn $3.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 11.5% to $792.9 million from $895.9 million last year.
Atkore Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $138.0 Mln. vs. $174.2 Mln. last year.
-EPS (Q2): $3.67 vs. $4.31 last year.
-Revenue (Q2): $792.9 Mln vs. $895.9 Mln last year.
-Guidance:
Full year EPS guidance: $16.00 - $17.00
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