Financial Performance - Q1 2025 sales reached $1.14 billion, a 10% increase year-over-year, driven by a 23% rise in aerospace & defense sales[6] - Net income attributable to ATI was $97 million, up 47% year-over-year, with earnings per share of $0.67 compared to $0.46 in Q1 2024[6] - Adjusted EBITDA for Q1 2025 was $195 million, a 29% increase year-over-year, representing 17.0% of sales[6] - Total sales for the fiscal quarter ended March 30, 2025, were $1,144.4 million, a decrease of 2.8% from $1,172.7 million in the previous quarter and an increase of 9.7% from $1,042.9 million in the same quarter last year[20] - Gross profit for the quarter was $235.8 million, resulting in a gross margin of 20.6%, compared to $248.6 million and 21.2% in the previous quarter[20] - Net income attributable to ATI for the quarter was $97.0 million, down 29.3% from $137.1 million in the previous quarter, but up 46.9% from $66.1 million in the same quarter last year[20] - Adjusted net income attributable to ATI for the fiscal quarter ended March 30, 2025, was $104.4 million, with an Adjusted EPS of $0.72, compared to $114.6 million and $0.79 for the previous quarter[32] - Adjusted EBITDA for the fiscal quarter ended March 30, 2025, was $194.6 million, a decrease from $209.8 million in the previous quarter[33] Segment Performance - Aerospace and defense sales accounted for 66% of total Q1 2025 sales, amounting to $754 million[2] - HPMC segment sales were $584.1 million, with an EBITDA margin of 22.4%[13] - AA&S segment sales increased to $560.3 million, with an EBITDA margin of 14.9%[13] - High Performance Materials & Components segment sales were $584.1 million, down from $634.2 million in the previous quarter, while Advanced Alloys & Solutions segment sales increased to $560.3 million from $538.5 million[21] - Total segment EBITDA for the quarter was $214.4 million, slightly down from $214.8 million in the previous quarter, with High Performance Materials & Components contributing $131.0 million[21] Cash Flow and Working Capital - The company reported a cash used in operating activities of $92.5 million for the quarter, compared to $98.8 million in the same quarter last year[24] - Cash used in operating activities for the quarter ended March 30, 2025, was $(92.5) million, compared to $(98.8) million for the same quarter in the previous year[38] - Adjusted free cash flow for the quarter ended March 30, 2025, was $(143.1) million, an improvement from $(162.6) million in the same quarter last year[38] - Managed working capital as a percentage of annualized sales was 35.9% at the end of Q1 2025, up from 30.9% in Q4 2024[16] - Managed working capital as a percentage of annualized sales increased to 35.9% for the quarter ended March 30, 2025, up from 30.9% in the previous quarter[42] Equity and Liabilities - Total liabilities decreased to $3,201.7 million from $3,275.4 million in the previous quarter, while total equity increased to $1,982.3 million from $1,955.2 million[23] - The company repurchased $70 million of common stock in Q1 2025, retiring approximately 1.2 million shares[16] Guidance and Projections - Guidance for Q2 2025 includes adjusted EBITDA of $195M - $205M and adjusted earnings per share of $0.67 - $0.73[4] - Capital expenditures for the full year 2025 are projected to be between $260 million and $280 million[4] Other Financial Activities - The company reported a restructuring and other charges of $5.6 million for the quarter ended March 30, 2025[33] - The company experienced a loss of $3.7 million on the sale of certain non-core operations during the quarter ended March 30, 2025[34] - The company’s accounts receivable increased to $827.0 million as of March 30, 2025, from $709.2 million as of December 29, 2024[42] - The company’s inventory rose to $1,396.9 million as of March 30, 2025, compared to $1,353.0 million as of December 29, 2024[42]

Proven to perform anywhere. First Quarter 2025 Earnings May 1, 2025 ATI Proprietary and Confidential ©2025 ATI. All rights reserved. 1 Forward Looking Statements This presentation contains forward-looking statements. Actual results may differ materially from results anticipated in the forward-looking statements due to various known and unknown risks, many of which we are unable to predict or control. These and additional risk factors are described from time to time in the Company's filings with the Securiti ...

Core Insights - ATI Inc. reported first quarter 2025 sales of $1.14 billion, a 10% increase year-over-year, driven by a 23% increase in aerospace and defense sales [5][19] - Net income attributable to ATI for Q1 2025 was $97 million, up 47% from the previous year, with earnings per share of $0.67 compared to $0.46 in Q1 2024 [5][19] - Aerospace and defense sales accounted for 66% of total sales in Q1 2025, reflecting strong demand in these sectors [1][25] Financial Performance - Adjusted EBITDA for Q1 2025 was $194.6 million, representing a 29% increase year-over-year, with adjusted EBITDA as a percentage of sales at 17.0% compared to 14.5% in Q1 2024 [5][19] - The company provided guidance for Q2 2025, expecting adjusted EBITDA between $195 million and $205 million, and full-year adjusted EBITDA between $800 million and $840 million [2][3] - Adjusted earnings per share for Q1 2025 were $0.72, up from $0.48 in Q1 2024 [5][19] Segment Performance - High Performance Materials & Components (HPMC) segment sales were $584.1 million, down 8% sequentially but up 10% year-over-year, with segment EBITDA of $131 million, or 22.4% of sales [9][12] - Advanced Alloys & Solutions (AA&S) segment sales increased to $560.3 million, a 4% increase from Q4 2024 and a 9% increase year-over-year, with segment EBITDA of $83.4 million, or 14.9% of sales [10][13] Market Dynamics - The aerospace and defense market showed robust growth, with jet engine sales at $421.4 million and airframe sales at $205.8 million for Q1 2025 [25] - The company is focusing on strengthening its supply chain to manage market volatility and is committed to sustainable growth in high-performance markets [8][7] Shareholder Returns - The company repurchased $70 million of common stock in Q1 2025, with a remaining authorization of $520 million under its share repurchase program [19][22] - ATI's effective tax rate for Q1 2025 was 17.3%, reflecting discrete tax benefits related to equity compensation [19][23]

Company Performance - Allegheny Technologies (ATI) closed at $53.09, reflecting a +1.22% change from the previous session, outperforming the S&P 500's gain of 0.74% [1] - Over the last month, ATI shares decreased by 0.55%, which is better than the Basic Materials sector's loss of 2.61% and the S&P 500's loss of 4.77% [1] Upcoming Financial Results - The company is set to announce its earnings on May 1, 2025, with an expected EPS of $0.58, representing a 20.83% increase from the prior-year quarter [2] - Revenue is projected to be $1.06 billion, indicating a 1.98% increase compared to the same quarter of the previous year [2] Full Year Projections - For the full year, earnings are projected at $2.88 per share and revenue at $4.58 billion, showing changes of +17.07% and +5.01% respectively from the previous year [3] - Recent adjustments to analyst estimates suggest a positive outlook for the company's business [3] Valuation Metrics - ATI is currently trading at a Forward P/E ratio of 18.18, which is a premium compared to the industry average of 12.82 [6] - The company has a PEG ratio of 0.79, compared to the average PEG ratio of 0.85 for the Steel - Specialty industry [6] Industry Context - The Steel - Specialty industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 237, placing it in the bottom 5% of over 250 industries [7] - The strength of industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Allegheny Technologies (ATI) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on M ...

DALLAS, April 23, 2025 /PRNewswire/ -- ATI Inc. (NYSE: ATI) announced its employees have ratified a new six-year labor agreement with the United Steelworkers (USW). "We are pleased to have reached agreement with the USW for our Specialty Rolled Products employees at our Western Pennsylvania and Lockport, New York, facilities," said Kimberly A. Fields, ATI President and CEO. The new agreement delivers a competitive wage and benefit package to nearly 1,000 represented employees, covering a six-year term throu ...

Allegheny Technologies (ATI) closed the latest trading day at $47.23, indicating a -0.84% change from the previous session's end. This change lagged the S&P 500's 0.17% loss on the day. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, lost 0.05%.Heading into today, shares of the maker of steel and specialty metals had lost 7.3% over the past month, lagging the Basic Materials sector's loss of 4.41% and the S&P 500's loss of 3.94% in that time.The upcoming earnings release of Allegheny Tech ...

DALLAS, April 4, 2025 /PRNewswire/ -- ATI (NYSE: ATI) has scheduled the live webcast for its first quarter 2025 earnings conference call on Thursday, May 1, 2025, at 7:30 a.m. CT (8:30 a.m. ET).  First quarter 2025 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET).The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." Conference call ...

The most recent trading session ended with Allegheny Technologies (ATI) standing at $50, reflecting a -1.88% shift from the previouse trading day's closing. This move lagged the S&P 500's daily loss of 0.91%. Meanwhile, the Dow lost 1.5%, and the Nasdaq, a tech-heavy index, lost 1.96%.Shares of the maker of steel and specialty metals witnessed a loss of 16.16% over the previous month, trailing the performance of the Basic Materials sector with its loss of 3.32% and the S&P 500's loss of 7.38%.Market partici ...

Group 1 - ATI Inc. experienced a setback as one of the two ratification votes for a labor agreement was unsuccessful, affecting employees in Western Pennsylvania and Lockport, New York [1] - The company and the United Steelworkers (USW) have agreed to extend the expired labor agreement until April 30, 2025, while negotiations continue [1] - ATI has successfully reached an agreement with the USW for Specialty Alloys and Components employees at the Albany, Oregon facility, providing a competitive wage and benefit package from March 1, 2025, to February 28, 2031 [2] Group 2 - ATI is a producer of high-performance materials and solutions for the aerospace and defense markets, as well as critical applications in electronics, medical, and specialty energy [3] - The company focuses on solving complex challenges through materials science and aims to deliver extraordinary materials that enhance customer products [3] - ATI emphasizes its commitment to innovation and unique customer partnerships to provide materials and solutions for challenging environments [3]