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Dec 31, 2021
ATI Q4 2021 Earnings Report
ATI reported strong growth and profit margin expansion as aerospace recovery accelerated.
Key Takeaways
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.
Sales of $765.4 million, 16% higher than the fourth quarter 2020
Operating income more than doubled compared to third quarter 2021
Adjusted net income of $33.6 million, and adjusted EPS of $0.25 excluding $66 million debt extinguishment charge and restructuring adjustments
Generated $261 million of fourth quarter operating cash flow
Revenue by Segment
Forward Guidance
Looking ahead to the first quarter, we anticipate strong year-over-year revenue and earnings growth primarily driven by the ongoing commercial aerospace recovery and our business transformation efforts. We expect normal seasonal cash outflows, including deploying working capital to meet increased demand requirements
Historical Earnings Impact
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Avg. Return Before/After Earnings
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