Allegheny Technologies

ATI, Inc. engages in the manufacture of specialty materials and components. It operates through the High Performance Materials and Components (HPMC) and Advanced Alloys & Solutions (AA&S) segments. The HPMC segment consists of the production of materials, parts, and components for aerospace and defense, medical, and energy markets. The Advanced Alloys & Solutions (AA&S) segment includes the production of nickel-based alloys, specialty alloys, titanium and titanium-based alloys, and stainless steel. The company was founded on August 15, 1996 and is headquartered in Dallas, TX.

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Allegheny Technologies (ATI) excels in Q4, eyes aerospace growth

Allegheny Technologies (ATI) delivered strong financial performance in Q4 2022, with revenue exceeding $1 billion for the second consecutive quarter and strategic initiatives driving growth in aerospace and defense segments.
While facing challenges in certain markets and supply chain disruptions, ATI's focus on operational efficiency, talent acquisition, and capacity expansion positions the company well for future growth and profitability.
With a clear vision for revenue growth, free cash flow conversion, and market opportunities, ATI is poised to capitalize on industry trends, navigate challenges, and create long-term value for shareholders.

Allegheny Technologies (ATI) excels in Q1, eyes growth opportunities

Allegheny Technologies (ATI) reported strong Q1 results, driven by revenue exceeding $1 billion and growth in key segments. The company is focused on operational efficiencies, strategic investments, and meeting customer demand for titanium. Challenges include capacity constraints and managing sequential headwinds, but ATI remains optimistic about future growth opportunities.

Allegheny Technologies (ATI) posts strong Q2 results, eyes A&D growth

Allegheny Technologies (ATI) reported a strong Q2 performance driven by growth in core aerospace and defense markets. The company is confident in future growth, focusing on increasing A&D content and maintaining a balanced capital strategy. Despite challenges in the Precision Rolled Strip business, ATI sees opportunities in magnetic alloys and anticipates a breakout quarter in Q4.

Allegheny Technologies (ATI) reports record A&D sales and profitability

Allegheny Technologies (ATI) delivered a strong performance in Q3, with record A&D sales and increased profitability driven by strategic actions.
Despite operational challenges, ATI remains optimistic about future growth, with a focus on cash flow generation, business expansion, and shareholder value.
The company's resilience in overcoming setbacks and capitalizing on opportunities positions ATI for sustained momentum and growth beyond 2025.

Allegheny Technologies (ATI) reports strong Q4 performance and eyes aerospace growth

Allegheny Technologies (ATI) delivered strong financial performance in Q4 2023, focusing on operational improvements and inventory management. The company's strategic actions in aerospace and defense markets and pension initiatives aim to drive long-term success. Challenges include equipment failures and operational delays, while opportunities lie in capacity expansions and market demand.

Allegheny Technologies (ATI) beats Q1 expectations, eyes supply chain resilience

Allegheny Technologies (ATI) delivered strong Q1 results, exceeding expectations and increasing EPS guidance for 2024. The company's focus on strategic growth, operational excellence, and supply chain resilience positions it well for future success. Challenges like HPMC profitability and supply chain dependencies are being addressed, while opportunities in demand growth and supplier requalification are being pursued.

Allegheny Technologies (ATI) excels in Q2, sees strong growth opportunities

Allegheny Technologies (ATI) reported a robust Q2 performance, exceeding expectations in revenue, adjusted EPS, and adjusted EBITDA. The company showcased strength in securing new sales commitments and revenue growth in key segments. While challenges exist, ATI is optimistic about its future prospects and expects solid full-year financial performance.

Allegheny Technologies (ATI) reports mixed Q3 performance, eyes Q4 opportunities

ATI faced challenges in Q3 2024 but maintained strong sales performance above $1 billion, focusing on margin expansion and value creation.
Executives highlighted financial metrics and discussed opportunities to exceed Q4 guidance, emphasizing operational efficiency and customer support.
Despite setbacks, ATI remains confident in its long-term growth prospects, underpinned by a customer-centric strategy and operational excellence.

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ATI, Inc. engages in the manufacture of specialty materials and components. It operates through the High Performance Materials and Components and Advanced Alloys and Solutions segments. The High Performance Materials and Components segment consists of the production of materials, parts, and components for aerospace and defense, medical, and energy markets. The Advanced Alloys and Solutions segment includes the production of nickel-based alloys, titanium and titanium-based alloys, and alloys in a variety of forms including plate, sheet, and PRS products. The company was founded on August 15, 1996 and is headquartered in Dallas, TX.

$2.2 billion to be delivered by 2030 FARNBOROUGH, England , July 23, 2024 /PRNewswire/ -- At the Farnborough International Airshow, ATI Inc. (NYSE: ATI) is celebrating its aerospace leadership by announcing $4 billion in new sales commitments through 2040. The majority of the additional revenue – approximately $2.2 billion – will be delivered in the balance of this decade.

ATI celebrates aerospace leadership with $4 billion in sales commitments

Allegheny Technologies (ATI) concluded the recent trading session at $59.06, signifying a -1.2% move from its prior day's close.

Allegheny Technologies (ATI) Falls More Steeply Than Broader Market: What Investors Need to Know

Allegheny Technologies (ATI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Allegheny Technologies (ATI) Beat Estimates Again in Its Next Earnings Report?

DALLAS , July 2, 2024 /PRNewswire/ -- ATI (NYSE: ATI) has scheduled the live webcast for its second quarter 2024 earnings conference call on Tuesday, August 6, 2024, at 7:30 a.m. CT (8:30 a.m.

ATI Announces Webcast for Second Quarter 2024 Results

Robert S. Wetherbee becomes Executive Chairman DALLAS , July 1, 2024 /PRNewswire/ -- Kimberly A. Fields today became President and CEO of ATI Inc. [NYSE: ATI].

Kimberly A. Fields becomes President and CEO of ATI

Here is how Allegheny Technologies (ATI) and Kronos Worldwide (KRO) have performed compared to their sector so far this year.

Are Basic Materials Stocks Lagging ATI Inc. (ATI) This Year?

The AA&S segment remains weak but showing improvement, and the HPMC segment continues to show strength. Strong demand primarily in the A&D end market should continue to drive growth in the quarters ahead. Expected revenue growth, strong pricing and operational improvement should benefit margin.

ATI: Near Term Resistance, But Strong Long-Term Prospects And Decent Valuation (Rating Upgrade)

Commercial aerospace has seen more than its share of bad press, with the latest being a report of faulty titanium components making it into Airbus and Boeing planes. Given how ATI sources its titanium, I see little direct risk to the company, but can't rule out that this leads to further interruptions in 2024 production schedules. Despite ongoing production challenges in the aerospace sector, ATI has a long runway ahead for revenue growth and margin improvement as widebody production accelerates in 2025 and 2026.

Scary Headlines Open A Window Of Opportunity With ATI Stock

ATI shares have enjoyed a strong surge in 2024 on the strength of two good earnings reports. One Wall Street analyst is moving the company to neutral from a buy after the run.

Why ATI Stock Is Down Today

Here is how Allegheny Technologies (ATI) and Reliance (RS) have performed compared to their sector so far this year.

Is ATI Inc. (ATI) Stock Outpacing Its Basic Materials Peers This Year?

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Should You Invest in Allegheny Technologies (ATI) Based on Bullish Wall Street Views?

DALLAS , June 6, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) Chief Financial Officer Don Newman will speak at the 2024 Wells Fargo Industrials Conference in Chicago, IL, on June 11, 2024, at 12:45 p.m. CT.  The link to the fireside chat is available at the News & Events section of www.ATImaterials.com/investors.

ATI CFO Don Newman to speak at 2024 Wells Fargo Industrials Conference

Allegheny Technologies (ATI) reported earnings 30 days ago. What's next for the stock?

Allegheny Technologies (ATI) Up 2.7% Since Last Earnings Report: Can It Continue?

Allegheny Technologies (ATI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Allegheny Technologies (ATI) Upgraded to Strong Buy: Here's Why

Allegheny Technologies (ATI) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Allegheny Technologies (ATI) is on the Move, Here's Why the Trend Could be Sustainable

Does Allegheny Technologies (ATI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Allegheny Technologies (ATI) is a Great Choice

Allegheny Technologies (ATI) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Recent Price Trend in Allegheny Technologies (ATI) is Your Friend, Here's Why

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Experienced leader with track record of increasing operational performance DALLAS , May 2, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) announces that Netta Washington has joined as Executive Vice President, leading the company's High Performance Materials and Components (HPMC) segment. Washington will guide the strategy and performance of the businesses within HPMC, helping to continue building the synergies and optimizing the supply chain between these strong businesses.

ATI names Netta Washington to Lead HPMC Segment

ATI's (ATI) first-quarter earnings and sales beat the respective estimates on growth in aerospace and defense.

ATI's (ATI) Earnings and Revenues Surpass Estimates in Q1

ATI, Inc. (NYSE:ATI ) Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants David Weston - Vice President, Investor Relations Robert Wetherbee - Board Chair and Chief Executive Officer Kimberly Fields - President and Chief Operating Officer Don Newman - Executive Vice President, Finance and Chief Financial Officer Conference Call Participants Michael Leshock - KeyBanc Capital Markets Richard Safran - Seaport Global Securities David Strauss - Barclays Scott Deuschle - Deutsche Bank Christopher Olin - Northcoast Research Seth Seifman - JPMorgan Timna Tanners - Wolfe Research Gautam Khanna - Cowen & Company Operator Hello all and welcome to ATI's First Quarter 2024 Earnings Call. My name is Lydia, and I will be your operator today.

ATI, Inc. (ATI) Q1 2024 Earnings Call Transcript

ATI posted better-than-expected results and raised its guidance for the quarter. The company is a big supplier to Boeing but is finding other ways to generate revenue while the aerospace giant works through its issues.

Why ATI Stock Is Flying High Today

The headline numbers for Allegheny Technologies (ATI) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Allegheny Technologies (ATI) Q1 Earnings: A Look at Key Metrics

Allegheny Technologies (ATI) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.49 per share a year ago.

Allegheny Technologies (ATI) Beats Q1 Earnings and Revenue Estimates

Continued strong year-over-year revenue growth in aerospace and defense Q1 2024 sales of $1.04 billion, up modestly from Q1 2023 Q1 2024 net income attributable to ATI of $66.1 million, or $0.46 per share Aerospace and defense represent $616 million of Q1 2024 sales, up from $576 million of Q1 2023 sales Non-GAAP Information* Q1 adjusted net income attributable to ATI of $68.4 million or $0.48 per share Q1 2024 ATI adjusted EBITDA of $151 million, or 14.5% of sales DALLAS , April 30, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) reported first quarter 2024 results, with sales of $1.04 billion and net income attributable to ATI of $66.1 million, or $0.46 per share.    Sequential Y-O-Y ($ in millions except per share amounts) Q1 2024 Q4 2023 Change Q1 2023 Change Sales $1,042.9 $1,064.0 (2) % $1,038.1 — % Net income attributable to ATI $66.1 $145.7 (55) % $84.5 (22) % Earnings per share $0.46 $0.99 (54) % $0.58 (21) % Non-GAAP information* Adjusted net income attributable to ATI* $68.4 $93.0 (26) % $85.6 (20) % Adjusted earnings per share* $0.48 $0.64 (25) % $0.59 (19) % ATI adjusted EBITDA* $151.0 $160.7 (6) % $147.1 3 % * Detailed reconciliations of the reported information under accounting principles generally accepted in the United States (U.S. GAAP) to adjusted non-GAAP figures are included in accompanying financial tables.

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