Pomerantz Law Firm Alerts Atkore Investors on Class Action Lawsuit and Important Deadlines

Investor Alert: Class Action Lawsuit Against Atkore Inc

Pomerantz LLP, a renowned law firm specializing in securities class actions, has announced the filing of a class action lawsuit against Atkore Inc, listed under the NYSE symbol ATKR. This legal action arises from allegations of securities fraud and other unlawful practices potentially committed by the company's officers and directors, leading to significant losses for investors.

Overview of the Class Action Lawsuit

The lawsuit aims to represent those investors who have incurred losses due to the alleged misconduct of Atkore. As per Pomerantz, it’s essential for affected investors to take immediate action. Interested parties can reach out directly to Danielle Peyton at Pomerantz by calling 646-581-9980 or toll-free at 888.4-POMLAW, Ext. 7980. Inquiries via email should include personal contact details and the number of Atkore shares acquired, which simplifies the process of becoming involved in the class action.

Investors wishing to be recognized as Lead Plaintiffs have until April 23, 2025, to make their requests known to the court. Those who acquired Atkore shares during the specified Class Period have the opportunity to join the lawsuit and seek justice for their financial losses.

Financial Performance and Stock Impact

On February 4, 2025, Atkore disclosed disappointing financial results for the first quarter of fiscal 2025. The company reported net sales of $661.6 million, which fell short of analysts' expectations of $680.7 million. Furthermore, the firm markedly lowered its adjusted earnings per share (EPS) and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance for the fiscal year 2025. This news significantly impacted investor confidence, as reflected by a sharp decline in stock value.

During the same earnings report, Atkore’s Chief Financial Officer, John M. Deitzer, pointed out that the decline in revenue was largely due to a mid-single-digit decrease in sales from the company’s plastic pipe and conduit categories, attributing about $75 million worth of the drop to the PVC business. Following this announcement, Atkore's stock fell dramatically by $15.19, equivalent to a 19.15% decrease, settling at $64.13 per share.

Pomerantz LLP: A Leader in Class Action Litigation

Founded by the late Abraham L. Pomerantz, heralded as a pioneer in securities class actions, Pomerantz LLP has established itself as one of the leading firms in corporate litigation related to securities fraud, breach of fiduciary duty, and corporate misconduct. With over 85 years in the field, the firm has successfully represented numerous class members, securing substantial financial compensations in various cases.

The commitment to representing victims of corporate fraud remains at the core of Pomerantz’s mission. Interested investors can view the complaint and access further information about the lawsuit on their official website at www.pomerantzlaw.com.

Conclusion

As the April deadline approaches, affected investors are encouraged to act swiftly and explore their options for joining the class action against Atkore Inc. Such actions not only hold corporate entities accountable but also pave the way for restoring losses that investors have incurred during turbulent financial periods. Pomerantz LLP stands ready to assist those who have suffered financial harm due to the alleged misconduct by Atkore, underscoring the firm’s longstanding role in protecting investor rights in the complex world of securities law.