Atkore Q3 sales beat on pricing strength, foreign exchange benefits

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 sales	Beat	$794.80 mln	$761.23 mln (4 Analysts)
Q3 Adjusted EPS	Beat	$1.92	$1.56 (4 Analysts)
Q3 Net Income		$745,000
Q3 Gross Profit		$176.27 mln
Q3 Operating income		$63.99 mln
Q3 Pretax Loss		$5.56 mln

Sales volume and pricing - Co said Q3 net sales growth was driven by increased sales volume, higher average selling prices, and foreign exchange benefits
Litigation settlement - Net income decline was mainly due to $50 mln litigation settlement expense and related costs
Input cost pressure - Gross margin and segment profitability fell as input cost increases outpaced gains in selling prices

U.S. electrical products maker's fiscal Q3 sales rose 8%, beating analyst expectations
Adjusted EPS for fiscal Q3 beat analyst expectations
Company to be acquired by Prysmian for $95/share, valuing Atkore at $3.8 bln