Atkore Inc. (NYSE:ATKR) Q1 2023 Earnings Call Transcript

David Johnson : Yes. So, Alex, one way to think about it is, like the solar industry itself could stay flat year-over-year. The volume for domestic torque tubes is still going to be up substantially because it just doesn’t make any financial sense to import torque tubes anymore compared to buying someone domestically.

Alex Rygiel: And then, is it time for you to update your 2025 target or comment — confidence towards achieving it?

Bill Waltz: I’ll just say — I don’t know what to say. And if you — for the thought process on the optimism, when we get to the 10 multiple on that, then we’ll talk about where we go as we continue to drive forward. I will say, because we have great management teams literally across the board — like, you look at what David spoke about with S&I, just an amazing quarter that for David, myself and the executive staff, we’re having an all-day media on Thursday, and it’s all about 2025 and 2028. That’s the focus, how do you keep this fly wheel spinning faster and faster. So who knows. I don’t think we’re going to do — re-up our numbers for a while, Alex, but it’s definitely a thing of how we continue to grow and take it to the next level.

David Johnson : Yes. We pretty formally will update it again at the —

Bill Waltz: November.

David Johnson : November like we normally would. But I just would remind you that we did put a greater than signed in front of the ’18. So we were thinking about that as we were putting that together.

Operator: There are no further questions at this time. I’ll now turn the call over back to Bill Waltz.

Bill Waltz: Before we conclude, let me summarize my 3 key takeaways from today’s discussion. First, Q1 was a solid start to the year, with volumes up over 5%. Second, we are increasing our expectations for the full year earnings and share repurchases. Third, we’re excited about the progress we’ve made in regards to sustainability and ESG, and we’re very excited about what lies ahead in this area for our products, customers and employees. With that, thank you for your support and interest in our company, and we look forward to speaking with you during our next quarterly call. This concludes the call for today.