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SEGMENT INFORMATION
 6 Months Ended
Mar. 27, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION
18. SEGMENT INFORMATION

Atkore operates its business through two operating segments which are also its reportable segments: Electrical and Safety & Infrastructure. The Company’s operating segments are organized based on primary market channel and, in most instances, the end use of products. The Company reviews the results of its operating segments separately for the purpose of making decisions about resource allocation and performance assessment. The Company evaluates performance on the basis of net sales and Adjusted EBITDA.

The Electrical segment manufactures high quality products used in the construction of electrical power systems including conduit, cable and installation accessories. This segment serves contractors in partnership with the electrical wholesale channel.

The Safety & Infrastructure segment designs and manufactures solutions including metal framing, mechanical pipe, perimeter security and cable management for the protection and reliability of critical
infrastructure. These solutions are marketed to contractors, original equipment manufacturers and end users.
The Company’s Chief Operating Decision Maker (“CODM”) is the President and Chief Executive Officer. The CODM uses Adjusted EBITDA to allocate resources predominantly in the annual planning process. Adjusted EBITDA is used to monitor and evaluate periodic results against budget, forecast and prior period results.

Both segments use Adjusted EBITDA as the primary measure of profit and loss. Segment Adjusted EBITDA is income (loss) before income taxes, adjusted to exclude unallocated expenses, depreciation and amortization, interest expense, net, stock-based compensation, loss on extinguishment of debt, gains and losses on the divestiture of a business, asset impairment charges, certain legal matters, and other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, insurance recovery related to damages of property, plant and equipment, release of indemnified uncertain tax positions, realized or unrealized gain (loss) on foreign currency impacts of intercompany loans and related forward currency derivatives, gain on purchase of business, loss on assets held for sale, restructuring costs and transaction costs.

Intersegment transactions primarily consist of product sales at designated transfer prices on an arm’s-length basis. Gross profit earned and reported within the segment is eliminated in the Company’s consolidated results. Certain manufacturing and distribution expenses are allocated between the segments on a pro rata basis due to the shared nature of activities. Recorded amounts represent a proportional amount of the quantity of product produced for each segment. Certain assets, such as machinery and equipment and facilities, are not allocated to each segment despite serving both segments. These shared assets are reported within the Safety & Infrastructure segment. The Company allocates certain corporate operating expenses that directly benefit our operating segments, such as insurance and information technology, on a basis that reasonably approximates an estimate of the use of these services.

Three months ended
 March 27, 2026March 28, 2025
(in thousands)External Net SalesIntersegment SalesAdjusted EBITDAExternal Net SalesIntersegment SalesAdjusted EBITDA
Electrical$532,452 $5 $74,351 $492,670 $7 $90,943 
Safety & Infrastructure198,925 175 17,303 209,055 218 36,064 
Eliminations— (180)— (225)
Consolidated operations$731,377 $— $701,725 $— 


Six months ended
 March 27, 2026March 28, 2025
(in thousands)External Net SalesIntersegment SalesAdjusted EBITDAExternal Net SalesIntersegment SalesAdjusted EBITDA
Electrical$1,001,998 $13 $129,453 $958,025 $7 $183,330 
Safety & Infrastructure384,927 425 47,490 405,297 700 51,643 
Eliminations— (438)— (707)
Consolidated operations$1,386,925 $— $1,363,322 $— 
The table below presents the reconciliation of net sales from continuing operations to Adjusted EBITDA by segment.

Three months ended
March 27, 2026March 28, 2025
(in thousands)ElectricalSafety and InfrastructureElectricalSafety and Infrastructure
Net Sales$532,457 $199,100 $492,677 $209,272 
Cost of sales (415,137)(179,971)(358,204)(161,779)
Selling, general and administrative expenses (56,602)(22,812)(57,953)(18,111)
Other Segment Items (a)13,633 20,986 14,423 6,682 
Adjusted EBITDA$74,351 $17,303 $90,943 $36,064 
(a) Other Segment items include intangibles amortization expense, depreciation expense, interest expense, income tax expense, and other adjustments to the measure of profitability as defined above.


Six months ended
March 27, 2026March 28, 2025
(in thousands)ElectricalSafety and InfrastructureElectricalSafety and Infrastructure
Net Sales$1,002,011 $385,352 $958,031 $405,997 
Cost of sales (788,721)(333,046)(682,345)(330,187)
Selling, general and administrative expenses (110,094)(43,133)(111,185)(37,714)
Other Segment Items (a)26,257 38,317 18,829 13,547 
Adjusted EBITDA$129,453 $47,490 $183,330 $51,643 
(a) Other Segment items include intangibles amortization expense, depreciation expense, interest expense, income tax expense, and other adjustments to the measure of profitability as defined above.
Presented below is a reconciliation of Operating segment Adjusted EBITDA to Income before income taxes:

Three months endedSix months ended
(in thousands)March 27, 2026March 28, 2025March 27, 2026March 28, 2025
Operating segment Adjusted EBITDA
Electrical$74,351 $90,943 $129,453 $183,330 
Safety & Infrastructure17,303 36,064 47,490 51,643 
Total$91,654 $127,007 $176,943 $234,973 
Unallocated expenses (a)
(10,601)(10,598)(26,744)(19,414)
Depreciation and amortization(33,340)(29,238)(69,458)(58,571)
Interest expense, net(6,985)(8,261)(13,884)(16,470)
Restructuring charges(4,128)(595)(5,656)(916)
Transaction costs(4,020)(174)(10,291)(209)
Loss on assets held for sale(25,664)(281)(25,664)(349)
Loss on sale of business— (6,101)2,275 (6,101)
Asset impairment charges(11,553)(127,733)(11,553)(127,733)
Stock-based compensation(12,848)(7,713)(16,868)(13,810)
Litigation settlement expense(136,500)— (136,500)— 
Other (b)
(4,745)(2,822)(5,831)687 
Income before income taxes$(158,730)$(66,509)$(143,231)$(7,913)
(a) Represents unallocated selling, general and administrative activities and associated expenses including, in part, executive, legal, finance, human resources, information technology, business development and communications, as well as certain costs and earnings of employee-related benefits plans, such as stock-based compensation and a portion of self-insured medical costs.
(b) Represents other items, such as inventory reserves and adjustments, (gain) loss on disposal of property, plant and equipment, realized or unrealized (gain) loss on foreign currency impacts of intercompany loans and insurance recoveries.

The table below presents capital expenditures by segment for the six months ended March 27, 2026 and March 28, 2025, respectively. Additionally presented are total assets by segment as of March 27, 2026 and September 30, 2025.

Capital ExpendituresTotal Assets
(in thousands)March 27, 2026March 28, 2025March 27, 2026September 30, 2025
Electrical$14,366 $30,877 $1,497,298 $1,456,834 
Safety & Infrastructure8,987 19,465 660,810 721,156 
Unallocated (a)
2,873 13,293 690,268 673,932 
Consolidated operations$26,226 $63,635 $2,848,376 $2,851,922 
(a) Unallocated capital expenditures represent those activities within the corporate departments. Unallocated total assets includes corporate assets primarily consisting of cash, corporate prepaid assets, fixed assets and income tax-based assets
The Company’s net sales by geography were as follows for the three and six months ended March 27, 2026 and March 28, 2025:

Three months endedSix months ended
(in thousands)March 27, 2026March 28, 2025March 27, 2026March 28, 2025
United States$619,057 $608,792 $1,184,819 $1,182,152 
Other Americas20,012 23,150 37,957 42,894 
Europe52,820 57,099 99,363 115,028 
Asia-Pacific39,488 12,684 64,786 23,248 
Total$731,377 $701,725 $1,386,925 $1,363,322 

The Company’s long-lived assets by geography were as follows:

Long-Lived Assets
(in thousands)March 27, 2026September 30, 2025
United States$614,373 $681,948 
Other Americas9,311 8,253 
Europe48,689 53,300 
Asia-Pacific6,919 7,445 
Total$679,292 $750,946 

The table below shows the amount of net sales from external customers for each of the Company’s product categories which accounted for 10% or more of consolidated net sales in either period for the six months ended March 27, 2026 and March 28, 2025:

Three months endedSix months ended
(in thousands)March 27, 2026March 28, 2025March 27, 2026March 28, 2025
Metal Electrical Conduit and Fittings$128,981 $111,866 $247,337 $214,071 
Electrical Cable & Flexible Conduit125,078 124,991 235,969 234,457 
Plastic Pipe and Conduit149,484 160,464 287,597 323,026 
Other Electrical products (a)
128,909 95,349 231,095 186,471 
Electrical532,452 492,670 1,001,998 958,025 
Mechanical Pipe74,077 70,530 139,439 136,789 
Other Safety & Infrastructure products (b)
124,848 138,527 245,488 268,508 
Safety & Infrastructure198,925 209,055 384,927 405,297 
Net sales$731,377 $701,725 $1,386,925 $1,363,322 
(a) Other Electrical products includes International Cable Management, Fiberglass Conduit and Corrosion Resistant Conduit.
(b) Other S&I products includes Metal Framing and Fittings, Construction Services, Perimeter Security and Cable Management.