Atkore Historical Income Statement

ATKR Stock  USD 170.12  2.03  1.18%   
Historical analysis of Atkore International income statement accounts such as Total Revenue of 2.3 B, Gross Profit of 1.6 B or Other Operating Expenses of 2 B can show how well Atkore International Group performed in making a profits. Evaluating Atkore International income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Atkore International's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Atkore International latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Atkore International is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atkore International Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

About Atkore Income Statement Analysis

Atkore International Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Atkore International shareholders. The income statement also shows Atkore investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Atkore International Income Statement Chart

Atkore International Group Income Statement is one of the three primary financial statements used for reporting Atkore's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Atkore International revenue and expense. Atkore International Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Atkore International's Net Income From Continuing Ops is relatively stable compared to the past year. As of 04/17/2024, Net Income Applicable To Common Shares is likely to grow to about 820.2 M, while Total Revenue is likely to drop slightly above 2.3 B.

Total Revenue

Total revenue comprises all receipts Atkore International generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Atkore International Group minus its cost of goods sold. It is profit before Atkore International operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Atkore International. It is also known as Atkore International overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from Atkore International's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Atkore International current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atkore International Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
At this time, Atkore International's Net Income From Continuing Ops is relatively stable compared to the past year. As of 04/17/2024, Net Income Applicable To Common Shares is likely to grow to about 820.2 M, while Total Revenue is likely to drop slightly above 2.3 B.
 2021 2022 2023 2024 (projected)
Total Revenue3.9B3.5B4.0B2.3B
Depreciation And Amortization98.8M135.8M156.2M82.4M

Atkore International income statement Correlations

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0.90.990.880.880.880.881.00.950.87-0.20.880.83-0.540.960.87-0.420.880.640.27-0.030.9-0.33
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0.780.911.00.881.01.00.870.91.0-0.091.00.98-0.720.881.0-0.590.930.450.37-0.050.83-0.55
0.790.91.00.881.01.00.870.91.0-0.11.00.97-0.720.891.0-0.60.920.460.35-0.050.84-0.57
0.880.980.861.00.860.870.870.930.85-0.240.860.82-0.520.940.86-0.360.860.640.26-0.050.89-0.33
0.930.970.90.950.890.90.90.930.9-0.030.90.87-0.610.990.91-0.650.910.580.280.030.92-0.31
0.780.90.990.871.01.01.00.850.9-0.051.00.98-0.730.881.0-0.620.930.440.38-0.030.83-0.54
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0.720.880.960.830.980.980.970.820.870.98-0.010.98-0.730.840.97-0.620.970.40.45-0.030.76-0.44
-0.52-0.6-0.71-0.54-0.72-0.72-0.72-0.52-0.61-0.73-0.19-0.73-0.73-0.61-0.740.66-0.710.17-0.780.09-0.560.4
0.950.970.890.960.880.880.890.940.990.88-0.050.890.84-0.610.89-0.620.880.570.27-0.010.95-0.34
0.80.91.00.871.01.01.00.860.911.0-0.051.00.97-0.740.89-0.650.920.440.36-0.030.84-0.56
-0.59-0.49-0.6-0.42-0.6-0.59-0.6-0.36-0.65-0.62-0.46-0.62-0.620.66-0.62-0.65-0.6-0.03-0.29-0.18-0.550.26
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0.630.590.460.640.450.450.460.640.580.44-0.40.450.40.170.570.44-0.030.42-0.410.10.62-0.21
0.170.360.320.270.370.370.350.260.280.380.240.360.45-0.780.270.36-0.290.52-0.41-0.130.190.16
-0.03-0.03-0.06-0.03-0.06-0.05-0.05-0.050.03-0.030.51-0.04-0.030.09-0.01-0.03-0.180.00.1-0.13-0.050.15
0.980.90.850.90.830.830.840.890.920.83-0.160.840.76-0.560.950.84-0.550.760.620.19-0.05-0.44
-0.33-0.28-0.6-0.33-0.55-0.55-0.57-0.33-0.31-0.540.24-0.56-0.440.4-0.34-0.560.26-0.23-0.210.160.15-0.44
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Atkore International Account Relationship Matchups

Atkore International income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization92.1M95.7M98.8M135.8M156.2M82.4M
Total Revenue1.8B2.9B3.9B3.5B4.0B2.3B
Gross Profit491.3M1.1B1.6B1.3B1.5B1.6B
Other Operating Expenses1.5B2.1B2.7B2.6B3.0B2.0B
Operating Income239.6M799.0M1.2B893.5M1.0B1.1B
Ebit239.6M799.0M1.2B893.5M1.0B1.1B
Ebitda331.6M894.6M1.3B1.0B1.2B1.2B
Cost Of Revenue1.3B1.8B2.3B2.2B2.5B1.7B
Total Operating Expenses251.8M326.7M406.2M388.2M446.4M286.7M
Income Before Tax202.0M780.0M1.2B850.3M977.8M1.0B
Total Other Income Expense Net(37.6M)(18.9M)(30.2M)(43.2M)(49.7M)(52.2M)
Net Income152.3M587.9M913.4M689.9M793.4M833.1M
Income Tax Expense49.7M192.1M290.2M160.4M184.4M193.7M
Interest Expense40.1M32.9M30.7M35.2M31.7M31.7M
Selling General Administrative219.5M293.0M370.0M388.2M446.4M266.7M
Net Income From Continuing Ops152.3M587.9M913.4M689.9M793.4M833.1M
Net Income Applicable To Common Shares152.3M587.9M899.0M679.3M781.2M820.2M
Tax Provision49.7M192.1M290.2M160.4M184.4M102.0M
Net Interest Income(40.1M)(32.9M)(30.7M)(35.2M)(40.5M)(42.5M)
Reconciled Depreciation89.3M93.1M98.3M135.8M156.2M95.9M

Pair Trading with Atkore International

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Atkore International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Atkore International will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Atkore International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atkore International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Atkore International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Atkore International Group to buy it.
The correlation of Atkore International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atkore International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atkore International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Atkore International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Atkore International is a strong investment it is important to analyze Atkore International's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Atkore International's future performance. For an informed investment choice regarding Atkore Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atkore International Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

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Is Atkore International's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Atkore International. If investors know Atkore will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Atkore International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.14)
Earnings Share
16.67
Revenue Per Share
91.461
Quarterly Revenue Growth
(0.04)
Return On Assets
0.1902
The market value of Atkore International is measured differently than its book value, which is the value of Atkore that is recorded on the company's balance sheet. Investors also form their own opinion of Atkore International's value that differs from its market value or its book value, called intrinsic value, which is Atkore International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atkore International's market value can be influenced by many factors that don't directly affect Atkore International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atkore International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atkore International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atkore International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.