NEW YORK Atkore
International Holdings Inc. said it sees its end markets
improving in the second half of the year as nonresidential
construction begins to pick up slightly.
"Were experiencing a
gradual improvement in the nonresidential construction market,
with potentially a more meaningful increase in demand in the
second half of 2013," president and chief executive officer
John Williamson said during a conference call to discuss the
Harvey, Ill.-based companys fiscal first-quarter
However, market conditions in
some operating segments still appear challenging in the near
term, he said.
"I would say going into the
(fiscal) second quarter, we saw a continuation of the
competitive pricing environment in especially a couple of our
pipe, tube and conduit segments. It really has not gotten
better," Williamson said. "The root of that is just
overcapacity in a couple of segments chasing lower volumes than
people expected and geared up for."
Atkore, the parent company of
Allied Tube & Conduit Corp., also said it does not see
recently announced price increases for flat-rolled steel
products sticking, despite a slight uptick in published
"We dont see that holding
very much," Williamson said, blaming it on a comparatively weak
start to the year.
The manufacturer of fabricated
steel tubes and pipes, metal framing systems and other products
recorded a net loss of $4 million during its fiscal first
quarter ended Dec. 28, marking an improvement from a loss of $8
million logged in the same period a year ago, as
12-percent-higher shipment volumes in its pipe, tube and
conduit business were offset by weaker pricing that fell 6
percent year over year.
Atkore recorded sales of $385 million during the period, 3.8
percent higher than the $371 million achieved during the same
period a year ago, with sales in the pipe, tube and conduit
segment increasing 5.5 percent to $249 million.