Class Action Lawsuit Filed Against Atkore Inc.: Key Details for Investors
Investor Alert: Class Action Against Atkore Inc.
On April 14, 2025, Pomerantz LLP announced a class action lawsuit targeting Atkore Inc. (NYSE: ATKR), aimed at investors who may have suffered losses from their investments in the company. This legal action gives investors a chance to recoup their losses by potentially becoming a Lead Plaintiff in the case.
Background of the Lawsuit
The lawsuit arises from allegations that Atkore Inc. and certain executives engaged in securities fraud and other unlawful business activities. Investors who bought Atkore securities during the specified class period are encouraged to reach out and possibly join the lawsuit. They can contact Danielle Peyton at email or 646-581-9980; assistance is also available toll-free at 888.4-POMLAW, Ext. 7980.
The deadline is fast approaching, with the last date for investors to seek appointment as Lead Plaintiff being April 23, 2025. Interested parties should prepare by gathering relevant investment details.
Recent Financial Performance
Compounding the matter, Atkore reported disappointing financial results for Q1 FY2025 on February 4, 2025. The company's net sales came in at $661.6 million, which fell short of analysts' expectations of $680.7 million. Furthermore, Atkore revised its earnings guidance downward, projecting adjusted EPS and EBITDA figures that also disappointed market forecasts.
CFO John M. Deitzer revealed some alarming trends during the earnings call, stating that the
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