ATI Q4 2023 Earnings Report
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.
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ATI 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