Atkore Inc
For the period ended Jun 28, 2024. Filed Aug 6, 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.
Jun 28, 2024 · Filed Aug 6, 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 (the “2021 Plan”), 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 2021 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 2021 Plan, extending it to a total repurchase authorization of the Company’s outstanding stock of $1,300.0 million. The 2021 Plan will be funded from the Company’s available cash balances. As of June 28, 2024, there was $28.1 million of purchases remaining under the 2021 Plan. The 2021 Plan 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. On May 2, 2024, the board of directors approved a new share repurchase program (the “2024 Plan”) which is scheduled to begin after the repurchase authorization under the 2021 Plan has been exhausted. The 2024 Plan authorizes the Company to repurchase up to $500.0 million of its outstanding stock.
The following table shows our purchases of our common stock under the 2021 Plan plan during the second 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 | |||||
|---|---|---|---|---|---|
| March 30, 2024 to April 26, 2024 | 184 | $175.49 | 184 | $120,773 | |
| April 27, 2024 to May 31, 2024 | 424 | $159.73 | 424 | $53,113 | |
| June 1, 2024 to June 28, 2024 | 180 | $139.20 | 180 | $28,114 | |
| Total | 788 | 788 | |||
Not applicable.
Not applicable.
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