Global Economic Slowdown & Construction Demand: The IMF's downgraded global growth forecasts, influenced by the Middle East conflict, present a risk to Atkore's diverse end markets including commercial, industrial, data center, telecom, and solar construction globally and in the US. Reduced economic activity could lead to lower demand for electrical and infrastructure products.

Volatile Raw Material and Energy Costs: Increased oil prices due to the Middle East conflict will likely translate to higher costs for petroleum-derived materials like PVC, a component in Atkore's plastic conduits, and increased energy expenses for manufacturing steel and other metal products. This could compress profit margins, as noted in previous earnings reports citing higher raw-material costs.

Domestic Construction & Infrastructure Investment: Despite a cautious global outlook, the strong US job growth, with 178,000 jobs added in March and unemployment at 4.3%, signals domestic economic resilience. This could provide a buffer for Atkore's significant US operations and support ongoing infrastructure projects, although potential impacts of interest rates on project financing remain a consideration.