Atkore International Group Inc. (the "Company" or "Atkore") (NYSE: ATKR) announced earnings for its fiscal 2016 full-year and fourth quarter ended September 30, 2016 ("fourth quarter"). "We are pleased with our fourth quarter and full fiscal year results, which delivered expanded earnings, increased margins and improved cash flow compared to the same periods in 2015," commented John Williamson, Atkore's President and CEO. "Our continued focus on product quality, service levels, and business value strengthened the customer experience and drove greater shareholder return, despite raw material pricing volatility and changing market dynamics." Fiscal 2016 Full-Year Results Net sales for fiscal 2016 decreased to $1,523.4 million, a decline of 11.9% compared to $1,729.2 million for fiscal 2015. Adjusted net sales, which exclude the Fence and Sprinkler product lines, which the Company exited in the first quarter of fiscal 2016, decreased 2.3%, compared to fiscal 2015 due to the impact of lower commodity costs, which we passed through to our customers, offset in part by the impact of an additional week during fiscal 2016. Gross profit increased by $95.9 million to $368.7 million for fiscal 2016. Despite the challenges of year-over-year volatility in commodity costs and changing market dynamics, gross margin expanded from 15.8% in fiscal 2015 to 24.2% in fiscal 2016 due to the Company's focus on strategic pricing, improved manufacturing productivity and lower freight and warehousing costs. SG&A expenses increased $33.6 million, or 18.1%, to $219.4 million for fiscal 2016, as compared to $185.8 million for fiscal 2015, largely driven by costs associated with the Company's initial public offering, which occurred during the third quarter of fiscal 2016. Net income increased by $63.8 million to $58.8 million for fiscal 2016, as compared to net loss of $5.0 million for fiscal 2015. Adjusted net income increased $70.0 million to $82.6 million for fiscal 2016 compared to $12.7 million for fiscal 2015. The increase in both net income and adjusted net income was primarily driven by expanded operating margins.