ATI Earnings Reports

ATI Inc. reported strong Q4 2024 results, with sales of $1.17 billion and net income of $137.1 million. The company saw a 10% increase in sales compared to Q4 2023, driven by strong demand in the aerospace and defense markets. Full year sales reached $4.4 billion, the highest since 2012.

ATI Inc. reported third quarter 2024 results with sales of $1.05 billion and net income attributable to ATI of $82.7 million, or $0.57 per share. The results reflected year-over-year growth in sales and EBITDA, but fell short of expectations due to uncertainty across the aerospace customer base and unplanned outages. The company is actively addressing these challenges and focusing on improved performance for the remainder of 2024 and beyond.

ATI Inc. reported a strong second quarter in 2024, with sales reaching $1.1 billion and net income attributable to ATI at $81.9 million, or $0.58 per share. The Aerospace & Defense sector was a key driver, representing 62% of Q2 sales, up from 59% in Q1 2024. Adjusted EBITDA was $182.6 million, or 16.7% of sales.

ATI's Q1 2024 sales were $1.04 billion, with a net income of $66.1 million, or $0.46 per share. Aerospace and defense sales increased by 7% year-over-year, representing $616 million of the total sales. The company also executed $150 million in share repurchases.

ATI Inc. reported strong 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. Aerospace and defense represented 63% of Q4 2023 sales, up from 53% in Q4 2022. The company is progressing toward its goal of 65% sales from aerospace and defense markets.

ATI Inc. reported third quarter 2023 sales of $1.03 billion and net income attributable to ATI of $75.7 million, or $0.52 per share. Aerospace and defense represented 61% of Q3 2023 sales, up from 51% in Q3 2022. Adjusted EPS was $0.55 and adjusted EBITDA was $148.1 million, or 14.4% of sales.

ATI Inc. reported strong Q2 2023 results, with sales of $1.05 billion and net income attributable to ATI of $76.0 million, or $0.52 per share. The Aerospace and defense sector accounted for 58% of Q2 2023 sales, up from 46% in Q2 2022. Adjusted EPS was $0.59 per share and ATI adjusted EBITDA was $149.8 million, or 14.3% of sales.

ATI Inc. reported strong third quarter 2022 results, with sales of $1.03 billion, up 8% over Q2 2022 and 42% over Q3 2021. Net income attributable to ATI was $61.1 million, or $0.42 per share, including a $19.9 million charge for settled litigation. Adjusted EPS was $0.53 and adjusted EBITDA was $141.1 million, or 13.7% of sales.

ATI Inc. reported second quarter 2022 results with sales of $959.5 million and a net loss attributable to ATI of $38.0 million, or $(0.31) per share. These results include a $115.9 million non-cash loss from the sale of Sheffield, UK operations. Adjusted EPS was $0.54, and Adjusted EBITDA was $143.1 million, representing 15% of sales.

Allegheny Technologies Incorporated reported strong first quarter 2022 results, driven by expansion in the commercial aerospace market and growth in other key end markets. Sales reached $834.1 million, a 9% increase from the previous quarter and a 20% increase compared to the prior year. Net income attributable to ATI was $30.9 million, or $0.23 per share. The company benefited from its commitment to remain ramp-ready and manage costs effectively.

Allegheny Technologies Incorporated reported fourth quarter 2021 results, with sales of $765.4 million and a net loss attributable to ATI of $29.8 million, or $(0.23) per share. Adjusted earnings were $0.25 per share, and adjusted EBITDA was $94.7 million, or 12.4% of sales. Generated $261 million of fourth quarter operating cash flow.

Allegheny Technologies Incorporated reported Q3 2021 results with sales of $726 million and net income attributable to ATI of $48.7 million, or $0.35 per share. Adjusted EPS was $0.05 excluding special items. Adjusted EBITDA increased 49% sequentially to $79.9 million. The company extended its debt maturity profile and reduced annual interest expense by ~$6 million.

Allegheny Technologies Incorporated reported second quarter 2021 results with sales of $616 million and a net loss attributable to ATI of $49.2 million, or $(0.39) per share. Adjusted EPS of $(0.12) excluded strike-related costs and restructuring items. The aerospace recovery continues to gain momentum and the business transformation is on track.

Allegheny Technologies Incorporated reported Q1 2021 results with sales of $693 million and a net loss attributable to ATI of $7.9 million, or $(0.06) per share. Adjusted EBITDA was $62.6 million, or 9.0% of sales. Results improved sequentially due to higher operating levels and benefits from rising raw material prices.

ATI reported Q4 2020 results with sales of $658 million and a net loss of $1,121.0 million, or $(8.85) per share, including $1,079.1 million of restructuring and other charges. On an adjusted basis, the net loss was $41.9 million, or ($0.33) per share, with adjusted EBITDA of $23.0 million.

Allegheny Technologies Incorporated reported third quarter 2020 results with sales of $598 million and a net loss attributable to ATI of $50.1 million, or $(0.40) per share. Adjusted net loss was $47.8 million, or ($0.38) per share. Adjusted EBITDA was $16.6 million, or 2.8% of sales.

Allegheny Technologies Incorporated (ATI) reported Q2 2020 sales of $770 million and a net loss attributable to ATI of $422.6 million, or $(3.34) per share. These results include significant pre-tax charges, including goodwill impairment, debt extinguishment, and restructuring. Adjusted net loss was $2.3 million, or $(0.02) per share. The company is increasing its 2020 cost savings targets by $25 million.

Allegheny Technologies Incorporated reported a decrease in sales to $956 million, but an increase in business segment operating profit to $81.2 million. Net income attributable to ATI was $21.1 million, or $0.16 per share. The company withdrew its full-year 2020 guidance due to the uncertain impact of COVID-19.

ATI reported Q4 2019 sales of $1.02 billion and net income of $56.5 million, or $0.41 per share. Adjusted net income was $50.2 million, or $0.36 per share. The results included special charges such as debt extinguishment, impairment reserve, and business restructuring, along with a tax benefit.