For the quarter ended June 2024, Allegheny Technologies (ATI) reported revenue of $1.1 billion, up 4.7% over the same period last year. EPS came in at $0.60, compared to $0.59 in the year-ago quarter.The reported revenue represents a surprise of -0.79% over the Zacks Consensus Estimate of $1.1 billion. With the consensus EPS estimate being $0.58, the EPS surprise was +3.45%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Allegheny Technologies (ATI) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.45%. A quarter ago, it was expected that this maker of steel and specialty metals would post earnings of $0.41 per share when it actually produced earnings of $0.48, delivering a surprise of 17.07%.Over the ...

NEWS RELEASE | --- | --- | |-------------------------------|-------| | | | | | | | Investor Contact: | | | David Weston | | | 412-394-2908 | | | david.weston@ATImaterials.com | | | --- | --- | |------------------------------------|-------| | | | | Media Contact: Natalie Gillespie | | | 412-394-2850 | | | natalie.gillespie@ATImaterials.com | | ATI Inc. Corporate Headquarters 2021 McKinney Avenue Dallas, TX 75201 U.S.A. www.ATImaterials.com ATI Announces Second Quarter 2024 Results Strong performance in Aeros ...

Core Viewpoint - ATI Inc. reported strong performance in Q2 2024, driven by growth in the Aerospace & Defense sector, with sales reaching $1.1 billion, a 5% increase from Q1 2024, and net income attributable to ATI of $81.9 million, up 26% from the previous quarter [1][2][4]. Financial Performance - Q2 2024 sales were $1,095.3 million, up 5% sequentially from $1,042.9 million in Q1 2024 and also up 5% year-over-year from $1,046.0 million in Q2 2023 [2]. - Net income attributable to ATI for Q2 2024 was $81.9 million, or $0.58 per share, representing a 24% increase from $66.1 million in Q1 2024 but a 9% decrease from $90.4 million in Q2 2023 [2][3]. - Adjusted net income attributable to ATI was $86.0 million, or $0.60 per share, up 26% from $68.4 million in Q1 2024 and down 15% from $100.6 million in Q2 2023 [2][3][25]. - Adjusted EBITDA for Q2 2024 was $182.6 million, or 16.7% of sales, reflecting a 21% increase from $151.0 million in Q1 2024 and an 11% increase from $164.2 million in Q2 2023 [2][3]. Segment Performance - Aerospace & Defense accounted for 62% of Q2 2024 sales, up from 59% in Q1 2024, with sales increasing sequentially by 11% [1][4][19]. - High Performance Materials & Components (HPMC) segment sales were $562.0 million, a 6% increase from Q1 2024, primarily due to an 8% increase in aerospace & defense sales [5]. - Advanced Alloys & Solutions (AA&S) segment sales were $533.3 million, a 4% increase from Q1 2024, driven by increased aerospace & defense and specialty energy sales [6]. Corporate and Cash Management - Corporate expenses in Q2 2024 were $19.4 million, up from $17.1 million in Q1 2024, attributed to higher incentive compensation costs [8]. - Cash provided by operating activities was $101 million in Q2 2024, with cash on hand at June 30, 2024, totaling $426 million [8][18]. Outlook - The company remains confident in its ability to meet its 2024 guidance, with new sales commitments of $4 billion announced at the Farnborough International Airshow, predominantly for nickel alloys [9].

The most recent trading session ended with Allegheny Technologies (ATI) standing at $64.86, reflecting a -1.04% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, added 0.07%.Shares of the maker of steel and specialty metals have appreciated by 18.2% over the course of the past month, outperforming the Basic Materials sector's loss of 1.43% and the S&P 500's loss of 0.21%.Market participants w ...

Allegheny Technologies (ATI) closed at $65.54 in the latest trading session, marking a +1.96% move from the prior day. The stock's change was more than the S&P 500's daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 1.64%, and the technology-dominated Nasdaq saw an increase of 1.03%.The the stock of maker of steel and specialty metals has risen by 13.73% in the past month, leading the Basic Materials sector's loss of 2.29% and the S&P 500's loss of 1.16%.The upcoming earnings release of Alleghen ...

BOLINGBROOK, Ill., July 26, 2024 /PRNewswire/ -- ATI Physical Therapy, Inc. – ("ATI" or the "Company") (NYSE: ATIP), a nationally recognized outpatient physical therapy provider in the United States, today announced that it will release second quarter 2024 financial results on Monday, August 5, 2024, after the market closes. In conjunction, the company will host a conference call to review results at 5 p.m. ET on the same day.Conference Call DetailsManagement will host a conference call at 5 p.m. Eastern Ti ...

$2.2 billion to be delivered by 2030 FARNBOROUGH, England, July 23, 2024 /PRNewswire/ -- At the Farnborough International Airshow, ATI Inc. (NYSE: ATI) is celebrating its aerospace leadership by announcing $4 billion in new sales commitments through 2040. The majority of the additional revenue – approximately $2.2 billion – will be delivered in the balance of this decade. The collective commitments are predominantly for nickel alloys serving the jet engine market where ATI's high-performance materials and s ...

In the latest market close, Allegheny Technologies (ATI) reached $59.06, with a -1.2% movement compared to the previous day. This change lagged the S&P 500's daily loss of 0.78%. Meanwhile, the Dow lost 1.29%, and the Nasdaq, a tech-heavy index, lost 0.7%.Heading into today, shares of the maker of steel and specialty metals had gained 8.3% over the past month, outpacing the Basic Materials sector's gain of 1.42% and the S&P 500's gain of 2.14% in that time.The upcoming earnings release of Allegheny Technolo ...

DALLAS, July 2, 2024 /PRNewswire/ -- ATI (NYSE: ATI) has scheduled the live webcast for its second quarter 2024 earnings conference call on Tuesday, August 6, 2024, at 7:30 a.m. CT (8:30 a.m. ET).  Second 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." Conference ca ...