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Jun 30, 2023
ATI Q2 2023 Earnings Report
ATI reported Q2 2023 results, with strong performance in Aerospace & Defense propelling sequential and year-over-year growth.
Key Takeaways
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.
Q2 2023 sales of $1.05 billion increased by 1% over Q1 2023 and 9% higher than Q2 2022
Net income attributable to ATI was $76.0 million, or $0.52 per share in Q2 2023
Aerospace and defense accounted for 58% of Q2 2023 sales, up from 46% of Q2 2022 sales
Adjusted EPS for Q2 2023 was $0.59 per share and ATI adjusted EBITDA was $149.8 million, representing 14.3% of sales
Forward Guidance
ATI is focused on executing commitments, expanding for the future by investing in additional capacity and growing capabilities to solve customer challenges. With the Albany, Oregon titanium melt shop fully operational in Q3 and a brownfield expansion underway in Richland, Washington, ATI is well-positioned to capitalize on market opportunities and deliver for 2023 and beyond.
Positive Outlook
- Restarted Albany, Oregon titanium melt shop fully operational in the third quarter
- Brownfield expansion well underway in Richland, Washington
- Capitalizing on market opportunities
- Delivering for 2023 and beyond
- Executing on long-term strategy
Historical Earnings Impact
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Avg. Return Before/After Earnings
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