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.

Allegheny Technologies (ATI) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.54 per share a year ago.

Allegheny Technologies (ATI) Tops Q2 Earnings Estimates

Strong performance in Aerospace & Defense propels sequential and year over year growth Q2 2023 sales of $1.05 billion up 1% over Q1 2023 and 9% higher than Q2 2022 Q2 2023 net income attributable to ATI of $76.0 million, or $0.52 per share Aerospace and defense represent 58% of Q2 2023 sales, up from 56% of Q1 2023 sales and up from 46% of Q2 2022 sales Non-GAAP information Q2 2023 adjusted net income attributable to ATI of $86.2 million, and adjusted EPS of $0.59 per share Q2 2023 ATI adjusted EBITDA was $149.8 million, or 14.3% of sales DALLAS , Aug. 2, 2023 /PRNewswire/ -- ATI Inc. (NYSE: ATI) reported second quarter 2023 results, with sales of $1.05 billion and net income attributable to ATI of $76.0 million, or $0.52 per share.    Sequential Y-O-Y ($ in millions except per share amounts) Q2 2023 Q1 2023 Change Q2 2022 Change Sales $1,046.0 $1,038.1 1 % $959.5 9 % Net income (loss) attributable to ATI $76.0 $70.1 8 % $(38.0) NM Earnings (loss) per share $0.52 $0.48 8 % $(0.31) NM Non-GAAP information Adjusted net income attributable to ATI* $86.2 $71.2 21 % $76.7 12 % Adjusted earnings per share* $0.59 $0.49 20 % $0.54 9 % ATI adjusted EBITDA* $149.8 $132.7 13 % $143.1 5 % Adjusted earnings per share* for Q2 2023 was $0.59, and ATI adjusted EBITDA* was $149.8 million, or 14.3% of sales.

ATI Announces Second Quarter 2023 Results

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) Earnings Expected to Grow: Should You Buy?

Premium quality expansion will double operations to serve aerospace and defense DALLAS , July 19, 2023 /PRNewswire/ -- ATI Inc. (NYSE: ATI) announced its Richland, Washington operations as the location of its previously announced titanium melting expansion through investment in new, state-of-the-art assets. The expansion will increase ATI's production of aerospace and defense-grade titanium by approximately 35% over the 2022 baseline levels, helping to meet strong titanium demand.

ATI announces Richland, Washington as site of titanium melt expansion

ATI Inc. is expected to benefit from robust momentum in the Aerospace and Defense End market. The new sales commitments along with increased titanium melt capacity is expected to drive the company's revenue in the coming years. Discounted valuation makes ATI a good buy.

ATI: A Good Buy At Lower Valuation

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ATI experiences solid growth, driven by robust demand, expanded capacity and operational excellence, which is positioning the company for continued success in the aerospace, defense, and energy sectors.

Here's Why You Should Add ATI Stock to Your Portfolio Now

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DALLAS , July 3, 2023 /PRNewswire/ -- ATI (NYSE: ATI) will provide live internet listening access to its conference call with the financial community scheduled for Wednesday, August 2, 2023, at 9:30 a.m. CT (10:30 a.m.

ATI Announces Webcast for Second Quarter 2023 Results

Proven aerospace and defense financial leader   DALLAS , June 26, 2023 /PRNewswire/ -- ATI Inc. (NYSE: ATI) has named David Weston vice president of Investor Relations, effective July 1. Dave will work closely with ATI's business leaders and the investor community in support of the company's business and financial strategy.

ATI names David Weston Vice President, Investor Relations

ATI is collaborating with clients to ensure secure supply during this period of restricted supply for vital materials.

ATI Gets Defense & Aerospace Sales Commitments Worth $1.2B

Allegheny Technologies (ATI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Allegheny Technologies (ATI) Upgraded to Strong Buy: Here's What You Should Know

Significant new and increased share positions solidify ATI as aero industry leader  PARIS , June 19, 2023 /PRNewswire/ -- ATI Inc. (NYSE: ATI) announced it has secured an estimated $1.2 billion in new sales commitments from leading aerospace and defense companies. The collective commitments cover nickel and titanium, materials critical to premium manufacturers as they ramp production to meet increasing demand.

ATI secures estimated $1.2 billion in aerospace and defense sales commitments

Driving strategic growth through tightly aligned operations and disciplined execution  DALLAS , June 6, 2023 /PRNewswire/ -- ATI Inc. (NYSE: ATI) today announced that Kimberly A. Fields will become president and chief operating officer, effective July 1, 2023.

Kimberly Fields Named President and Chief Operating Officer

Allegheny Technologies (ATI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Allegheny Technologies (ATI) Rating Upgrade to Buy

The upside in the top line of ATI is primarily due to a rise in aerospace and defense sales in Q1.

ATI's Q1 Earnings Top on Strong Aerospace & Defense Sales

ATI Inc. (NYSE:ATI ) Q1 2023 Earnings Conference Call May 4, 2023 10:30 AM ET Company Participants Tom Wright - IR Robert Wetherbee - Board Chair, President, and CEO Kimberly Fields - Executive Vice President and COO Donald Newman - Executive Vice President and CFO Conference Call Participants Richard Safran - Seaport Research Partners Philip Gibbs - KeyBanc Seth Seifman - JPMorgan David Strauss - Barclays Gautam Khanna - Cowen Operator Hello, everyone, and welcome to the ATI First Quarter 2023 Earnings Call. My name is Bruno, and I'll be the operator of today.

ATI Inc. (ATI) Q1 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 March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Allegheny Technologies (ATI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Allegheny Technologies (ATI) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.40 per share a year ago.

Allegheny Technologies (ATI) Q1 Earnings and Revenues Surpass Estimates

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Aerospace and Defense sales propel strong year over year growth Q1 2023 sales of $1.04 billion up 3% over Q4 2022 and 25% higher than Q1 2022 Q1 2023 net income attributable to ATI of $70.1 million, or $0.48 per share Aerospace and defense represent 56% of Q1 2023 sales, up from 53% of Q4 2022 sales and up from 44% of Q1 2022 sales Non-GAAP information Q1 2023 adjusted net income attributable to ATI of $71.2 million, and adjusted EPS of $0.49 per share Q1 2023 ATI adjusted EBITDA was $132.7 million, or 12.8% of sales DALLAS , May 4, 2023 /PRNewswire/ -- ATI Inc. (NYSE: ATI) reported first quarter 2023 results, with sales of $1.04 billion and net income attributable to ATI of $70.1 million, or $0.48 per share.    Sequential Y-O-Y ($ in millions except per share amounts) Q1 2023 Q4 2022 Change Q1 2022 Change Sales $1,038.1 $1,010.4 3 % $834.1 25 % Net income attributable to ATI $70.1 $76.9 (9) % $30.9 127 % Earnings per share $0.48 $0.53 (9) % $0.23 109 % Non-GAAP information Adjusted net income attributable to ATI* $71.2 $76.9 (7) % $56.7 26 % Adjusted earnings per share* $0.49 $0.53 (8) % $0.40 23 % ATI adjusted EBITDA* $132.7 $140.1 (5) % $125.0 6 % Adjusted earnings per share* for Q1 2023 was $0.49, and ATI adjusted EBITDA* was $132.7 million, or 12.8% of sales.

ATI Announces First Quarter 2023 Results

ATI: Investments In Aerospace And Defense Make It Undervalued.

ATI: Investments In Aerospace And Defense Make It Undervalued

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

Is ATI Inc. (ATI) Outperforming Other Basic Materials Stocks This Year?

DALLAS , March 30, 2023 /PRNewswire/ -- ATI (NYSE: ATI) will provide live Internet listening access to its conference call with the financial community scheduled for Thursday, May 4th, 2023, at 10:30 a.m. ET.  The conference call will be conducted after the Company's planned release of first quarter results.

ATI Announces Webcast for First Quarter 2023 Results

Allegheny Technologies (ATI) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

News for Allegheny Technologies Stock (ATI)