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Q4 Earnings Outperformers: Atkore (NYSE:ATKR) And The Rest Of The Electrical Systems Stocks

ATKR Cover Image

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at electrical systems stocks, starting with Atkore (NYSE: ATKR).

Like many equipment and component manufacturers, electrical systems companies are buoyed by secular trends such as connectivity and industrial automation. More specific pockets of strong demand include Internet of Things (IoT) connectivity and the 5G telecom upgrade cycle, which can benefit companies whose cables and conduits fit those needs. But like the broader industrials sector, these companies are also at the whim of economic cycles. Interest rates, for example, can greatly impact projects that drive demand for these products.

The 14 electrical systems stocks we track reported a strong Q4. As a group, revenues beat analysts’ consensus estimates by 1.8% while next quarter’s revenue guidance was 1.3% below.

While some electrical systems stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.1% since the latest earnings results.

Atkore (NYSE: ATKR)

Protecting the things that power our world, Atkore (NYSE: ATKR) designs and manufactures electrical safety products.

Atkore reported revenues of $655.5 million, flat year on year. This print exceeded analysts’ expectations by 0.9%. Overall, it was an exceptional quarter for the company with a beat of analysts’ EPS and EBITDA estimates.

“Atkore’s first quarter results were above our expectations in several areas of the business,” said Bill Waltz, Atkore President and Chief Executive Officer.

Atkore Total Revenue

Unsurprisingly, the stock is down 7.7% since reporting and currently trades at $64.67.

Is now the time to buy Atkore? Access our full analysis of the earnings results here, it’s free.

Best Q4: LSI (NASDAQ: LYTS)

Enhancing commercial environments, LSI (NASDAQ: LYTS) provides lighting and display solutions for businesses and retailers.

LSI reported revenues of $147 million, flat year on year, outperforming analysts’ expectations by 4.9%. The business had a stunning quarter with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates.

LSI Total Revenue

The market seems happy with the results as the stock is up 6% since reporting. It currently trades at $21.60.

Is now the time to buy LSI? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Whirlpool (NYSE: WHR)

Credited with introducing the first automatic washing machine, Whirlpool (NYSE: WHR) is a manufacturer of a variety of home appliances.

Whirlpool reported revenues of $4.10 billion, flat year on year, falling short of analysts’ expectations by 3.7%. It was a softer quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EBITDA estimates.

Whirlpool delivered the highest full-year guidance raise but had the weakest performance against analyst estimates in the group. As expected, the stock is down 15.2% since the results and currently trades at $68.54.

Read our full analysis of Whirlpool’s results here.

Allegion (NYSE: ALLE)

Allegion plc (NYSE: ALLE) is a provider of security products and solutions that keep people and assets safe and secure in various environments.

Allegion reported revenues of $1.03 billion, up 9.3% year on year. This result was in line with analysts’ expectations. Aside from that, it was a softer quarter as it recorded a significant miss of analysts’ EBITDA estimates and a miss of analysts’ adjusted operating income estimates.

The stock is down 10.2% since reporting and currently trades at $161.12.

Read our full, actionable report on Allegion here, it’s free.

Acuity Brands (NYSE: AYI)

One of the pioneers of smart lights, Acuity (NYSE: AYI) designs and manufactures light fixtures and building management systems used in various industries.

Acuity Brands reported revenues of $1.14 billion, up 20.2% year on year. This print met analysts’ expectations. It was a strong quarter as it also produced an impressive beat of analysts’ EBITDA estimates and a decent beat of analysts’ adjusted operating income estimates.

The stock is down 18.5% since reporting and currently trades at $301.45.

Read our full, actionable report on Acuity Brands here, it’s free.

Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.

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