Atkore Inc. (ATKR) shares tumbled 8.31% in pre-market trading on Thursday following the release of its fourth-quarter 2025 results and the announcement of an expanded strategic review. The company reported a net loss of $54.4 million for the quarter, a stark contrast to the $73.1 million profit in the same period last year.
The disappointing results were primarily attributed to a $66.7 million non-cash impairment of certain long-lived assets in its HDPE business and an $18.9 million non-cash goodwill impairment in the Mechanical reporting unit. Atkore's Q4 adjusted earnings per share of $0.69 significantly missed analyst estimates of $1.26, while revenue of $752 million slightly beat expectations of $734 million.
Adding to investor concerns, Atkore announced an expansion of its strategic alternatives review. The company's board has formed a Strategic Review Committee and will consider options including a potential sale or merger of the entire company. This move, along with the entry into a cooperation agreement with Irenic Capital Management and the appointment of Franklin Edmonds to the board, signals a period of potential significant changes for Atkore. The combination of weak financial results and uncertainty surrounding the company's future direction appears to be driving the sharp pre-market decline.
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