Atkore Inc has entered into a definitive agreement to be acquired by Prysmian in an all-cash deal valued at $95 per share, representing an enterprise value of approximately $3.8 billion. The announcement came as the company reported third-quarter fiscal 2026 net sales of $795 million, an 8.1% increase year-over-year, with adjusted EBITDA rising 4.7% to $105 million and adjusted EPS of $1.92. Organic volume grew 9%, driven by both the electrical and safety and infrastructure segments, though GAAP net income fell sharply to $0.7 million due to a $50 million litigation settlement expense. The company also completed divestitures of non-core businesses, which reduced net sales by $39 million, and declared a quarterly dividend of $0.33 per share.
Atkore International Group IncAcquisition at $95 per share, a premium to market, with strong Q3 results.
Prysmian SpAAcquiring Atkore for $3.8B expands Prysmian's portfolio and market position.
