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.

Earnings data Q2 2023

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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

Allegheny Technologies (ATI) doesn't possess 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?

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?

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Why Allegheny Technologies (ATI) is a Top Growth Stock for the Long-Term

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.

Allegheny Technologies (ATI) Is a Great Choice for 'Trend' Investors, Here's Why

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: What Does It Mean for the Stock?

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DALLAS , March 2, 2023 /PRNewswire/ -- ATI Inc. (NYSE: ATI) today announced that Ruby Sharma has been appointed to the ATI Board of Directors. Sharma is a global business leader with cross-sector financial and audit committee expertise.

Global Financial Expert Ruby Sharma Joins ATI Board

If you are looking for stocks that are well positioned to maintain their recent uptrend, Allegheny Technologies (ATI) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Here's Why Momentum in Allegheny Technologies (ATI) Should Keep going

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

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

ATI's (ATI) Q4 performance reflects strong demand in aerospace & defense markets across its segments.

ATI's Earnings In Line With Estimates in Q4, Revenues Beat

ATI Inc. (NYSE:ATI ) Q4 2022 Earnings Conference Call February 2, 2022 10:30 AM ET Company Participants Tom Wright - IR Bob Wetherbee - Board Chair, President and CEO Don Newman - EVP and CFO Conference Call Participants Richard Safran - Seaport Global Phil Gibbs - KeyBanc Capital Markets Seth Seifman - JPMorgan Gautam Khanna - Cowen David Strauss - Barclays Timna Tanners - Wolfe Research Operator Good morning. My name is Lauren and I'll be your conference operator today.

ATI Inc. (ATI) Q4 2022 Earnings Call Transcript

Allegheny Technologies (ATI) delivered earnings and revenue surprises of 0% and 0.81%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Allegheny Technologies (ATI) Q4 Earnings Match Estimates

Continued strong performance and year-over-year revenue growth in aerospace and defense Q4 2022 sales of $1.01 billion up 32% over Q4 2021; full year 2022 sales of $3.84 billion up 37% over full year 2021 Q4 2022 net income attributable to ATI of $76.9 million, or $0.53 per share; full year 2022 net income attributable to ATI of $130.9 million, or $0.96 per share Aerospace and defense represent 53% of Q4 2022 sales, up from 41% in Q4 2021 Non-GAAP information Q4 2022 ATI adjusted EBITDA was $140.1 million, or 13.9% of sales, up 48% over Q4 2021; full year 2022 ATI adjusted EBITDA was $549.3 million, or 14.3% of sales, up 89% over full year 2021 DALLAS , Feb. 2, 2023 /PRNewswire/ -- ATI Inc. (NYSE: ATI) reported fourth quarter 2022 results, with sales of $1.01 billion and net income attributable to ATI of $76.9 million, or $0.53 per share.    Sequential Y-O-Y ($ in millions except per share amounts) Q4 2022 Q3 2022 Change Q4 2021 Change Sales $1,010.4 $1,032.0 (2) % $765.4 32 % Net income (loss) attributable to ATI $76.9 $61.1 26 % $(29.8) NM Earnings (loss) per share $0.53 $0.42 26 % $(0.23) NM Non-GAAP information Adjusted net income attributable to ATI* $76.9 $77.4 (1) % $33.6 129 % Adjusted earnings per share* $0.53 $0.53 — % $0.25 112 % ATI adjusted EBITDA* $140.1 $141.1 (1) % $94.7 48 % Earnings per share for Q4 2022 was $0.53, and ATI adjusted EBITDA* was $140.1 million, or 13.9% of sales.

ATI Announces Fourth Quarter 2022 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: What to Know Ahead of Next Week's Release

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.

Why Allegheny Technologies (ATI) is Poised to Beat Earnings Estimates Again

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