By Nicholas G. Miller
Atkore will explore a sale or merger of the company, saying that it has expanded the scope of its review of strategic alternatives to include assets outside of its core electrical infrastructure portfolio.
Chief Executive Bill Waltz said he would stay on through at least the conclusion of the strategic review. The company said there was no deadline for the review's completion and no assurance that it would result in a transaction.
The company also said it has swung to a fourth-quarter loss of $54.4 million, or $1.62 a share, from a profit of $73.1 million, or $2.02 a share, the year before.
Net sales fell to $752 million from $788.3 million.
Atkore also said it would appoint Franklin Edmonds to its board as part of a cooperation agreement with activist investor Irenic Capital Management.
Write to Nicholas G. Miller at nicholas.miller@wsj.com
(END) Dow Jones Newswires
November 20, 2025 06:35 ET (11:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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