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Allegheny Technologies (ATI) Stock Sinks As Market Gains: Here's Why
ZACKS· 2024-10-02 23:20
Allegheny Technologies (ATI) closed the most recent trading day at $65.59, moving -0.56% from the previous trading session. This move lagged the S&P 500's daily gain of 0.01%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq appreciated by 0.08%.The the stock of maker of steel and specialty metals has risen by 9.44% in the past month, leading the Basic Materials sector's gain of 5% and the S&P 500's gain of 1.21%.The investment community will be closely monitoring the performance of A ...
ATI Announces Webcast for Third Quarter 2024 Results
Prnewswire· 2024-10-01 11:30
DALLAS, Oct. 1, 2024 /PRNewswire/ -- ATI (NYSE: ATI) has scheduled the live webcast for its third quarter 2024 earnings conference call on Tuesday, October 29, 2024, at 7:30 a.m. CT (8:30 a.m. ET).  Third quarter 2024 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." The conferenc ...
Allegheny Technologies (ATI) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-09-26 23:21
The most recent trading session ended with Allegheny Technologies (ATI) standing at $65.32, reflecting a -0.15% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.4% for the day. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.6%.Heading into today, shares of the maker of steel and specialty metals had gained 0.75% over the past month, lagging the Basic Materials sector's gain of 3.19% and ...
Allegheny Technologies (ATI) Declines More Than Market: Some Information for Investors
ZACKS· 2024-09-20 23:21
In the latest trading session, Allegheny Technologies (ATI) closed at $63.84, marking a -1.3% move from the previous day. This change lagged the S&P 500's 0.19% loss on the day. On the other hand, the Dow registered a gain of 0.09%, and the technology-centric Nasdaq decreased by 0.36%.The the stock of maker of steel and specialty metals has fallen by 0.71% in the past month, lagging the Basic Materials sector's gain of 2.2% and the S&P 500's gain of 2.06%.The investment community will be closely monitoring ...
Why Is Allegheny Technologies (ATI) Up 0.7% Since Last Earnings Report?
ZACKS· 2024-09-05 16:37
It has been about a month since the last earnings report for Allegheny Technologies (ATI) . Shares have added about 0.7% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Allegheny Technologies due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. ATI’s Q2 Earnings Beat, ...
ATI CEO and CFO to speak at Morgan Stanley 12th Annual Laguna Conference
Prnewswire· 2024-09-04 14:00
Group 1 - ATI Inc. will participate in the Morgan Stanley 12th Annual Laguna Conference on September 11, 2024, at 3:15 p.m. ET [1] - The event will be webcast live, and an audio replay along with a full transcript will be available after the presentation [1] Group 2 - ATI is a global producer of high-performance materials and solutions for aerospace, defense, electronics, medical, and specialty energy markets [2] - The company focuses on solving complex challenges through materials science and innovation [2] - ATI's proprietary process technologies and unique customer partnerships enable the delivery of extraordinary materials for demanding applications [2]
ATI's Board Authorizes $700 Million Share Buyback Program
ZACKS· 2024-09-04 11:40
ATI Inc. (ATI) stated that its board of directors has authorized the repurchase of up to $700 million in outstanding common shares, which the company anticipates would support a multi-year share buyback program. Repurchases under the program can be made on the open market or in privately negotiated deals, with the amount and timing of buybacks determined by market circumstances and corporate needs. The stock repurchase program does not require the company to buy back a certain number of shares, and ATI’s bo ...
ATI Announces Multi-Year $700 Million Share Repurchase Program, Upcoming Convertible Notes Redemption
Prnewswire· 2024-09-03 11:30
PITTSBURGH, Sept. 3, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) announced that its Board of Directors has authorized the repurchase of up to $700 million of its outstanding common stock, which the Company currently expects will support a multi-year share repurchase program. Repurchases under the program may be made in the open market or in privately negotiated transactions, with the amount and timing of repurchases depending on market conditions and corporate needs. Open market repurchases will be structured ...
ATI Inc (ATI) Q2 Earnings Beat, Revenues Miss Estimates
ZACKS· 2024-08-07 16:10
ATI Inc. (ATI) recorded a profit of $81.9 million or 58 cents per share in the second quarter of 2024 compared with the year-ago quarter's profit of $90.4 million or 62 cents.ATI posted adjusted earnings of 60 cents, down 13% from the year-ago quarter’s figure of 69 cents. Adjusted earnings exceeded the Zacks Consensus Estimate of 58 cents.The company’s net sales in the first quarter were $1,095.3 million, missing the Zacks Consensus Estimate of $1,104 million. Net sales were up around 5% year over year. AT ...
ATI(ATI) - 2024 Q2 - Quarterly Report
2024-08-06 19:50
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered Common stock, par value $0.10 ATI New York Stock Exchange Emerging growth company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commis ...