Atkore (ATKR) reported fiscal Q1 adjusted net income Tuesday of $1.63 per diluted share, down from $4.12 a year earlier.

Analysts polled by FactSet expected $1.55.

Net sales for the fiscal quarter ended Dec. 27 was $661.6 million, down from $798.5 million a year earlier.

Analysts surveyed by FactSet expected $679.8 million.

The electronic components maker said it now expects fiscal 2025 adjusted net income outlook of $5.75 to $6.85 per diluted share. That compares with its previous guidance of $7.80 to $8.90. Analysts polled by FactSet expect $8.38.

Shares of the company were down more than 7% in recent Tuesday premarket activity.

Price: 74.00, Change: -5.72, Percent Change: -7.2