Atkore: On A Growth Trajectory With Multiple Acquisitions

Jul. 06, 2022 4:05 PM ETAtkore Inc. (ATKR) StockATKR12 Comments
Mayank N. Sharma
561 Followers

Summary

  • ATKR is on an acquisition spree to expand its operations and maintain a growth trajectory.
  • Four new acquisitions in FY22 to significantly drive revenues and improve profit margins.
  • Strong future outlook by the company with 25%-30% revenue growth estimates for FY22 compared to FY21.
  • I assign a buy rating for ATKR after taking into consideration all the growth and risk factors.

Electrical engineers test electrical installations and wiring on protective relays, measuring them with a multimeter.

Kunakorn Rassadornyindee/iStock via Getty Images

Investment Thesis

Atkore Inc. (NYSE:ATKR) is a manufacturer and provider of electrical, safety and infrastructure equipment. In this thesis, I will be analyzing the multiple acquisitions done by the company to expand its operations and improve

This article was written by

561 Followers
I am an Equity Research Analyst. I have a passion in researching undervalued companies with high growth potential. Having 4 years of fundamental analysis experience at hand, I look forward to keep investors informed about the lucrative investment opportunities in the Equity market.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ATKR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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