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Sep 30, 2022
ATI Q3 2022 Earnings Report
ATI's Q3 2022 results reflected strong revenue growth in aerospace and defense markets, driven by increased demand for jet engine products and commercial airframe products.
Key Takeaways
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.
Sales increased 8% over Q2 2022, and 42% over Q3 2021, reaching $1.03 billion.
Net income attributable to ATI was $61.1 million, or $0.42 per share, including a $19.9 million litigation settlement charge.
Adjusted net income attributable to ATI was $77.4 million, with adjusted EPS of $0.53.
ATI adjusted EBITDA was $141.1 million, representing 13.7% of sales.
ATI
ATI
ATI Revenue by Segment
Revenue by Segment
High Performance Materials & Components Revenue
CapyFin.com Forward Guidance
ATI expects ongoing strength in key markets, particularly aerospace & defense, to drive profitable revenue growth.
Positive Outlook
- The deliberate actions we have taken to transform our sales mix and operations have continued to reduce volatility and make us more resilient against potential macroeconomic headwinds.
- This gives ATI stability well into the future.
- We expect ongoing strength in our key markets, particularly aerospace & defense, to drive profitable revenue growth.
- Our recent results demonstrate the progress we are making toward our long-term financial targets, delivering value to our shareholders.
Challenges Ahead
- there are uncertainties that may impact our growth rates in the near-term.