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Dec 31, 2023
ATI Q4 2023 Earnings Report
ATI reported strong Q4 2023 results with revenue growth, driven by aerospace and defense markets.
Key Takeaways
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.
Q4 2023 sales reached $1.06 billion, a 5% increase compared to Q4 2022.
Net income attributable to ATI for Q4 2023 was $145.7 million, or $0.99 per share.
Aerospace and defense sectors accounted for 63% of Q4 2023 sales, marking an increase from 53% in Q4 2022.
Full year operating cash flow was $85.9 million, which included $272.0 million in defined benefit pension plan contributions.
Revenue by Segment
Forward Guidance
ATI is on track to deliver more than $5 billion in revenue and $1 billion in adjusted EBITDA by 2027.
Positive Outlook
- More commercial jet engines on firm industry backlog than at any time in history
- Well-positioned to meet record demand in the largest end market
- Driving profitable growth
- Right strategy
- Right capabilities
Historical Earnings Impact
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Avg. Return Before/After Earnings
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