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.

ATI (ATI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy ATI (ATI) Ahead of Earnings?

Allegheny Technologies (ATI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Allegheny Technologies (ATI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

This enhancement increases the capability of ATI's Specialty Rolled Products division.

ATI Announces Completion of Vandergrift Operations Expansion

Vandergrift expansion significant to Specialty Rolled Products transformation VANDERGRIFT, Pa. , April 11, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) celebrated completion of its expansion at Vandergrift Operations – the most advanced materials finishing operations of its kind – at an event attended by government and community leaders.

ATI Celebrates Completion of Most Advanced Materials Finishing Operations

GREENSBURG, Pa.--(BUSINESS WIRE)--Three personnel from Mutual Aid Ambulance Service, Inc., the largest ambulance service in Westmoreland County, Pennsylvania, were recognized at the 10th Annual Allegheny Health Network (AHN) Trauma Symposium. On March 6th, 2024 District Chief Benjamin Tingle, Paramedic Nathaniel Zanoni, and EMT Richard DeForrest were presented with challenge coins for their actions caring for a critically injured patient. The three were honored for their efforts on a recent eme.

Mutual Aid EMS Clinicians Recognized at Allegheny Health Network Trauma Symposium

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

ATI Announces Webcast for First Quarter 2024 Results

ATI Inc. expects a flat first half of 2024 followed by a strong recovery in the second half, with momentum continuing into 2025 and 2026. The company operates in the high-performance materials and solutions sector, primarily serving the aerospace and defense markets. ATI has competitive advantages in research and development capabilities, strong financial performance, and market leadership, positioning it for long-term success.

Commercial Aerospace And Defense Drive ATI's Growth Amidst Market Fluctuations

Senator Ted Budd commemorated event at ATI in Bakers, North Carolina BAKERS, N.C., March 19, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) celebrated the commissioning of its state-of-the-art 12,500-ton billet forging press critical to production of titanium for aerospace and defense.

ATI Celebrates Commissioning of New Press Critical to Titanium Production

DALLAS , March 14, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) has named Vaishali Bhatia Senior Vice President, General Counsel and Chief Compliance Officer, effective March 20, 2024. She'll lead all aspects of the legal function for the aerospace and defense company—including corporate governance, compliance, corporate social responsibility strategies and reporting, and risk management—and collaborate closely with business teams to provide risk-based legal partnership.

ATI names Vaishali Bhatia General Counsel and Chief Compliance Officer

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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Velo3D, Inc. (NYSE: VLD), today announced Bechtel Plant Machinery Inc. (BPMI) has selected a fully integrated metal additive manufacturing solution from the company to produce parts for the U.S. Naval Nuclear Propulsion Program. The Sapphire XC large format printer, calibrated for stainless steel 415, will be operated by ATI (NYSE: ATI) at its new additive manufacturing facility outside Fort Lauderdale, Florida. Earlier this year, BPMI awarded a contract.

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DALLAS , March 6, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) Chief Financial Officer Don Newman will speak at the 2024 JP Morgan Industrials Conference in New York City, New York, on March 13, 2024 at 12:00 p.m. ET.  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 JP Morgan Industrials Conference

Robert S. Wetherbee to become Executive Chairman  DALLAS , Feb. 23, 2024 /PRNewswire/ -- The Board of Directors of ATI (NYSE: ATI) has elected Kimberly A. Fields as President and CEO, effective July 1, 2024.

ATI Elects Kimberly A. Fields as President and CEO

DALLAS , Feb. 7, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) Chief Financial Officer Don Newman will speak at the Cowen 45th Annual Aerospace & Defense Conference in Arlington, Virginia, on February 14, 2024 at 10:45 a.m. ET.  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 Cowen Aerospace & Defense Conference

DALLAS--(BUSINESS WIRE)--Alpine Advanced Materials has formed a strategic alignment with Allegheny Performance Plastics.

Alpine Forms Strategic Alliance With Allegheny Performance Plastics

ATI's earnings and sales beat estimates in fourth-quarter 2023 on higher margins.

ATI's (ATI) Earnings and Revenues Surpass Estimates in Q4

Allegheny Technologies (ATI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Allegheny Technologies (ATI) Loses -11.75% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

ATI Inc. (ATI) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Allegheny Technologies (ATI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Allegheny Technologies (ATI) Q4 Earnings: A Look at Key Metrics

Allegheny Technologies (ATI) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.53 per share a year ago.

Allegheny Technologies (ATI) Q4 Earnings and Revenues Beat Estimates

Continued strong performance and year-over-year revenue growth in aerospace and defense Q4 2023 sales of $1.06 billion, up 5% over Q4 2022; full year 2023 sales of $4.17 billion, up 9% over full year 2022 Q4 2023 net income attributable to ATI of $145.7 million, or $0.99 per share; full year 2023 net income attributable to ATI of $410.8 million, or $2.81 per share Aerospace and defense represent 63% of Q4 2023 sales, up from 61% of Q3 2023 sales and 53% of Q4 2022 sales Full year operating cash flow of $85.9 million, including $272.0 million of defined benefit pension plan contributions Non-GAAP Information** Q4 adjusted net income attributable to ATI of $93.0 million or $0.64 per share Q4 2023 ATI adjusted EBITDA of $160.7 million, or 15.1% of sales Full year Free Cash Flow of $164.7 million DALLAS , Feb. 1, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) reported fourth quarter 2023 results, with sales of $1.06 billion and net income attributable to ATI of $145.7 million, or $0.99 per share.    Sequential Y-O-Y ($ in millions except per share amounts) Q4 2023 Q3 2023* Change Q4 2022* Change Sales $1,064.0 $1,025.6 4 % $1,010.4 5 % Net income attributable to ATI $145.7 $90.2 62 % $193.0 (25) % Earnings per share $0.99 $0.62 60 % $1.30 (24) % Non-GAAP information** Adjusted net income attributable to ATI** $93.0 $94.2 (1) % $92.7 — % Adjusted earnings per share** $0.64 $0.64 — % $0.63 2 % ATI adjusted EBITDA** $160.7 $162.6 (1) % $155.9 3 %   *Three months ended September 30, 2023 and December 31, 2022 reflect the change in accounting policy for recognizing actuarial gains and losses for the Company's defined benefit pension plans.

ATI Announces Fourth Quarter and Full Year 2023 Results

Evaluate the expected performance of Allegheny Technologies (ATI) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

What Analyst Projections for Key Metrics Reveal About Allegheny Technologies (ATI) Q4 Earnings

DALLAS , Jan. 4, 2024 /PRNewswire/ -- ATI (NYSE: ATI) will webcast its fourth quarter and full year 2023 conference call with the financial community on Thursday, February 1, 2024, at 9:30 a.m. CT (10:30 a.m.

ATI Announces Webcast for Fourth Quarter and Full Year 2023 Results

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