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Atkore ATKR Safety & Infrastructure — Impairment

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Other financials

Income statement

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Revenue$794.8M+8.1%
Gross profit$176.3M+2.4%
Operating income$64.0M+0.3%
Net income$745.0K-98.3%
EPS (diluted)$0.02-98.4%

Balance sheet

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Cash & equivalents$346.2M+4.6%
Total debt$760.2M-0.5%
Total equity$1.3B-12.9%
Total assets$2.7B-3.8%

Cash flow

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Operating cash flow-$63.1M-301%
CapEx$14.2M-33.4%
Free cash flow-$77.3M-863%

Valuation

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Market cap$3.16B+71.0%
Enterprise value$3.58B+56.7%
P/S1.1×+0.4×

Profitability

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Gross margin20%-5.8pp
Operating margin6.3%-15.4pp
Net margin-5.5%-9.4pp
FCF margin6.9%-3.5pp

Returns & leverage

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Return on equity-11.9%-19.3pp
Debt / equity0.6×+0.1×
Current ratio2.7×-0.4×

Where this comes from

Reported directly by Atkore in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: Atkore’s 10-Q, filed August 8, 2023.

Filed
Aug 8, 2023
Fiscal quarter
Q3 FY2023
Calendar quarter
Q2 2023
Accession
0001666138-23-000085
(in thousands)ElectricalSafety & InfrastructureTotal
Balance as of September 30, 2022$236,708$52,622$289,330
Goodwill acquired during year18,6041418,618
Impairment(1,721)(1,721)
Other purchase accounting adjustments1,9891,989
Exchange rate effects4,3112144,525
Balance as of June 30, 2023$259,891$52,850$312,741

Item 1. Financial Statements (Unaudited)

FAQ

What is Atkore's safety & infrastructure — impairment?
Atkore (ATKR) reported safety & infrastructure — impairment of $0 in Q2 2023.
What does safety & infrastructure — impairment mean?
Represents the total write-down of asset values within the Safety and Infrastructure segment, including both goodwill and tangible or intangible assets. This metric serves as an indicator of potential operational challenges or shifts in market demand affecting the segment's long-term value.

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