Atkore (ATKR) was founded in 1959 and is one of the top industrial suppliers in the US. The company is benefitting from a variety of tailwinds such as a strong recovery in the industrial sector across the globe, a looming housing inventory shortage, expectations of strong CAPEX spending, and the recent passage of the infrastructure bill. Read on to find out why it's a top stock for 2022.Atkore (ATKR) was founded in 1959 and is one of the top industrial suppliers in the US. It produces and sells a variety of products including electrical conduits and fittings, metal framing and fittings, mechanical pipes, modular support structures, etc. It offers its products under the sub-brands: Allied Tube & Conduit, AFC Cable Systems, Heritage Plastics, Unistrut, Power-Strut, Cope, Calpipe brands, etc.
The company is benefitting from a variety of tailwinds such as a strong recovery in the industrial sector across the globe, a looming housing inventory shortage, expectations of strong CAPEX spending, and the recent passage of the infrastructure bill. Further, the company is a leader in its categories which is resulting in pricing power, boosting the company’s margins.
Read on to find out why ATKR is one of our top picks for 2022...