Atkore Inc. reported a steep decline in net income for the third quarter of fiscal 2026, but net sales improved on higher volumes and prices. Net income fell to $0.745 million, or $0.02 per share, from $42.962 million, or $1.25 per share, a year earlier, largely due to a $50 million litigation settlement expense and $9.825 million in transaction costs. Adjusted profit rose to $65.186 million, or $1.92 per share, from $55.304 million, or $1.63 per share. Net sales increased to $794.800 million from $735.045 million, reflecting a $65.7 million rise in sales volume, a $22.4 million improvement in average selling prices, and an $8 million foreign-exchange gain. The board declared a quarterly dividend of $0.33 per share, payable on August 28 to shareholders of record as of August 18.
Atkore International Group IncAdjusted profit rose and net sales increased on higher volumes and prices, though net income fell due to litigation and transaction costs.