Proven to per form anywhere. Second Quarter 2023 Earnings August 2, 2023 ...

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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commis ...

ATI Inc. (NYSE:ATI) Q1 2023 Earnings Conference Call May 4, 2023 10:30 AM ET Company Participants Tom Wright - IR Robert Wetherbee - Board Chair, President, and CEO Kimberly Fields - Executive Vice President and COO Donald Newman - Executive Vice President and CFO Conference Call Participants Richard Safran - Seaport Research Partners Philip Gibbs - KeyBanc Seth Seifman - JPMorgan David Strauss - Barclays Gautam Khanna - Cowen Operator Hello, everyone, and welcome to the ATI First Quarter 2023 Earnings Call ...

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 March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Title of each class Trading Symbol Name of each exchange on which registered Common stock, par value $0.10 ATI New York Stock Exchange For the fiscal year ended December 31, 2022 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 1- ...

ATI Inc. (NYSE:ATI) Q4 2022 Earnings Conference Call February 2, 2022 10:30 AM ET Company Participants Tom Wright - IR Bob Wetherbee - Board Chair, President and CEO Don Newman - EVP and CFO Conference Call Participants Richard Safran - Seaport Global Phil Gibbs - KeyBanc Capital Markets Seth Seifman - JPMorgan Gautam Khanna - Cowen David Strauss - Barclays Timna Tanners - Wolfe Research Operator Good morning. My name is Lauren and I'll be your conference operator today. At this time, I would like to welcom ...

Financial Data and Key Metrics Changes - In Q4 2020, revenue increased by 10% to $658 million compared to Q3 2020, indicating stabilization in key end markets [20] - Adjusted EBITDA rose by 39% to $23 million in Q4 from Q3 levels, while adjusted EPS was a loss of $0.33 per share, better than the guidance range [20][21] - Free cash flow for the full year 2020 was $168 million, exceeding the guidance of $135 million to $150 million [22] - The company ended 2020 with nearly $650 million in cash and over $950 million in total liquidity, with managed working capital at 41% of revenue, down 1,000 basis points from Q3 [22] Business Line Data and Key Metrics Changes - The company is exiting standard stainless sheet products by year-end 2021, with these products representing 17% of AA&S segment revenues in Q4 2020, down from 22% in 2019 [12] - Cost reductions reached nearly $170 million in 2020, with expectations of total cost reductions growing to at least $270 million in the coming quarters [8][21] - The aerospace and defense segments are expected to see increased share in jet engine materials and components, with new business wins in airframes [9][10] Market Data and Key Metrics Changes - Demand for jet engine forgings increased modestly in Q4 2020, with expectations for slow recovery in the first half of 2021 [14] - Defense sales returned to year-over-year double-digit growth in Q4, with naval nuclear products growing by nearly 50% [14] - Sales in the energy markets continued to decline, with oil & gas and chemical processing submarkets dropping by over 35% [16] Company Strategy and Development Direction - The company is transforming to focus on aerospace and defense, consolidating operations to create a more competitive flow path [10][11] - The strategic transformation includes exiting low-margin products and investing in high-return opportunities, aiming for a leaner and more profitable business model [10][12] - The company aims to reduce managed working capital to less than 30% of revenue over time, with a focus on cash generation and operational efficiency [22][28] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about stabilization in key markets, with expectations for gradual recovery in jet engine product sales [25][30] - The company remains focused on cash generation and operational improvements, with a clear plan for 2021 despite ongoing uncertainties [30] - Future growth in defense and aerospace is anticipated, with management confident in the company's ability to meet long-term objectives [14][29] Other Important Information - The company plans to spend between $150 million and $170 million on capital investments in 2021, a modest increase from 2020 [27] - Pension contributions are expected to decrease significantly in 2021, with anticipated contributions of $87 million, down from $130 million in 2020 [27] Q&A Session Summary Question: Recovery of jet engine products - Management indicated that isothermal forgings are leading the recovery in jet engine materials, with demand expected to accelerate through mid-year [34] Question: Impact of inventory write-downs - Management acknowledged that inventory write-downs and under absorption impacted margins in Q4, estimating a combined effect of $10 million to $20 million per quarter [46][58] Question: CapEx needs going forward - The company plans to maintain disciplined CapEx spending, with expectations of $150 million to $170 million in 2021, potentially increasing to $200 million to $210 million in 2022 as markets recover [68][70]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 1-12001 ALLEGHENY TECHNOLOGIES INCORPORATED (Exact name of registrant as specified in its charter) Delaware 25-17 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 1-12001 | --- | --- | |------------------------------------------------------------------------------------------------------|------------------ ...

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 March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commi ...