Atkore Inc
For the period ended Dec 29, 2023. Filed Feb 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 29, 2023 · Filed Feb 1, 2024
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Item 1A. Risk Factors
There have been no material changes to the risk factors previously disclosed in our Annual Report on Form 10-K.
Issuer Purchases of Equity Securities
On November 16, 2021, the board of directors approved a share repurchase program, under which the Company may repurchase up to $400.0 million of its outstanding common stock. On April 26, 2022, the board of directors approved an amendment to the aforementioned plan, extending it to a total repurchase of the Company’s outstanding common stock of $800.0 million. On November 11, 2022, the board of directors approved an amendment to the aforementioned plan, extending it to a total repurchase authorization of the Company’s outstanding stock of $1,300.0 million. The share repurchase program will be funded from the Company’s available cash balances. As of December 29, 2023, there was $212.7 million of purchases remaining under the plan. This share repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be terminated at any time at the Company’s discretion.
The following table shows our purchases of our common stock under this plan during the first quarter of fiscal 2024 (in thousands, except per share data):
| Period (4-5-4 calendar) · Total Number Of Shares Purchased · Avg Price Paid Per Share · Total Number of Shares Purchased as Part of Publicly Announced Program · Maximum Value of Shares that May Yet Be Purchased Under the Program | |||||
|---|---|---|---|---|---|
| October 1, 2023 to October 27, 2023 | — | $— | — | $309,095 | |
| October 28, 2023 to December 1, 2023 | 494 | $129.41 | 494 | $245,111 | |
| December 2, 2023 to December 29, 2023 | 227 | $143.12 | 227 | $212,681 | |
| Total | 721 | 721 | |||
Not applicable.
Not applicable.
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