ATI Q4 2019 Earnings Report
Key Takeaways
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.
Sales of $1.02 billion, down 2% compared to Q4 2018, up 3% excluding divestitures
Business segment operating profit of $105.3 million, or 10.3% of sales
$491 million of cash on hand at year-end after reducing debt by $150 million
Net income attributable to ATI of $56.5 million, or $0.41 per share
ATI
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ATI Revenue by Segment
Forward Guidance
ATI expects to increase first quarter earnings per share year-over-year on a like-tax basis despite aerospace industry challenges and will proactively manage cost structure to minimize negative financial impacts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income