Atkore Inc. Securities Class Action Litigation

Introduction

Securities class action litigation has been filed on behalf of investors who purchased the common stock of Atkore Inc. (“Atkore” or the “Company”) between February 1, 2024 and February 3, 2025, inclusive (the “Class Period”).

If you purchased Atkore common stock during the Class Period, you may move the Court for appointment as lead plaintiff by no later than April 23, 2025.

A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

Atkore investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should complete the form below, text or email investorinfo@lchb.com, or call Lieff Cabraser partner Sharon M. Lee at 1-800-541-7358.

Background on the Atkore Securities Class Action Litigation

Atkore, headquartered in Harvey, Illinois, is a manufacturer of electrical, safety, and infrastructure products, including polyvinyl chloride (“PVC”) water pipes and electrical conduit pipes.

The action alleges that, throughout the Class Period, Atkore and certain of its senior executives failed to disclose to investors that: (1) the Company was engaged in an anticompetitive price-fixing scheme that kept the price of its PVC pipes artificially inflated even after COVID era supply chain issues had resolved; (2) Atkore received substantial, unsustainable financial benefits from its anticompetitive actions; and (3) the Company’s poor quarterly financial results were due to it and its co-conspirators refusing to lower their artificially inflated prices even after foreign competitors were able to reenter the market and price PVC appropriately.

On July 24, 2024, asset management firm ManBear released a report claiming that Atkore was engaged in an industry-wide price fixing scheme which had “massively inflated pipe prices” and “appear[ed] to defy economic logic, remaining at extremely elevated levels despite normalized supply chains.” On this news, Atkore’s stock price declined 8.53% from its closing price of $145 per share on July 23, 2024, to close at $132.63 per share on July 24, 2024.

On February 4, 2025, before the market opened, Atkore announced disappointing financial results for the first quarter of fiscal year 2025, reporting net sales of $661.6 million which was significantly below analysts’ estimates. In addition, Atkore reduced its earnings guidance for 2025. During the Company’s earnings conference call with analysts and investors later that day, Atkore CFO, defendant John M. Deitzer, revealed that Atkore’s “plastic pipe and conduit product category declined mid-single digits during the quarter,” and attributed the Company’s lowered 2025 guidance to Atkore’s PVC business, stating “roughly $75 million or 3/4 of that is on the PVC side.” On this news, the price of Atkore common stock fell 19.56% from its closing price of $79.72 per share on February 3, 2025, to close at $64.13 per share on February 4, 2025, on extremely heavy trading volume.