Atkore Inc. 10-Q

Item 1A. Risk Factors Other than as set forth below, there have been no material changes to the risk factors previously disclosed in our Annual Report on Form 10-K. Widespread detrimental public health conditions , and specifically the pandemic caused by the spread of COVID-19, has had and could continue to have a material adverse impact on our business, financial position, results of operations and cash flows. We are closely monitoring developments related to the COVID-19 pandemic to assess its impact on our business. While we have implemented risk management and contingency plans and taken preventive measures and other precautions, no predictions of specific scenarios can be made with respect to the COVID-19 pandemic and such measures may not adequately protect our business from the impact of such events. These impacts include disruptions or restrictions on our employees’ ability to travel as well as temporary closures of our facilities or the facilities of our customers, suppliers and other constituents of our supply chain. While still evolving, the COVID-19 pandemic has caused significant economic and financial turmoil both in the United States and around the world, and has led to a global recession. These conditions are expected to continue in the near term. As of the date of this filing, we have seen volume declines in our business across several product categories, as customers and end markets face some uncertainty and delays in timing of work. In particular, some construction site closures or project delays have occurred, and job sites have had to adjust to increased physical distancing and health-related precautions. Given the continued volatility within the economic impacts of the pandemic it is too early to make any judgment on how significant this will become. Further end market demand declines could have a material adverse impact on the demand for our products and our ability to obtain financing on favorable terms or at all. While our operations are currently considered an “essential business”, the extent and duration of the impact of the COVID-19 pandemic remain highly uncertain and dependent on future developments that cannot be accurately predicted, such as the severity of the COVID-19 pandemic, the extent and effectiveness of containment actions, and the impacts of these and other factors on our operations and the global economy. These and other factors could have a material adverse impact on our business, financial position, results of operations and cash flows and may cause us to revisit or revise estimates of future earnings or other guidance we have previously provided to the markets . While governmental and non-governmental organizations are engaging in efforts to combat the spread and severity of the COVID-19 pandemic and related public health issues, these measures may not be effective. We also cannot predict how legal and regulatory responses to concerns about the COVID-19 pandemic and related public health issues will impact our business. Such events or conditions could result in additional regulation or restrictions affecting the conduct of our business in the future. Furthermore, the heightened uncertainty within the macroeconomic environment has caused our stock price to decline, and may cause our stock price to be highly volatile and decline further in the future, due in part to the volatility of the stock market and any general economic downturn. Item 2. Unregistered Sales of Equity Securities and Use of Proceeds None Item 3. Defaults Upon Senior Securities Not applicable. Item 4. Mine Safety Disclosures 39 Not applicable.