Financial Performance - Full year 2024 sales reached $4.4 billion, the highest since 2012, representing a 5% increase over 2023[6] - Q4 2024 sales were $1.17 billion, up 10% year-over-year from Q4 2023, with net income attributable to ATI of $137.1 million, or $0.94 per share[3] - Full year 2024 operating cash flow was $407 million, significantly up from $86 million in 2023[3] - Adjusted EBITDA for Q4 2024 was $209.8 million, or 17.9% of sales, reflecting a 31% increase compared to Q4 2023[3] - Free cash flow for full year 2024 was $248 million, a 50% increase compared to the prior year[6] - Net income for the fiscal year ended December 29, 2024, was $382.7 million, a decrease of 9.6% compared to $423.4 million in the previous year[27] - Total revenue for the fiscal year ended December 29, 2024, reached $4,362.1 million, a 4.5% increase from $4,173.7 million in 2023[28] - Basic net income attributable to ATI per common share for the fiscal year 2024 was $2.82, down from $3.21 in 2023[32] Segment Performance - Aerospace and defense accounted for 65% of Q4 2024 sales, up from 62% in Q3 2024 and 63% in Q4 2023[5] - The High Performance Materials & Components segment reported sales of $634.2 million for the quarter ended December 29, 2024, compared to $582.5 million in the same quarter of 2023, marking an increase of approximately 8.9%[23] - The Advanced Alloys & Solutions segment achieved sales of $538.5 million for the quarter ended December 29, 2024, up from $481.5 million in the same quarter of 2023, reflecting an increase of about 11.8%[23] - Aerospace & Defense revenue accounted for 65% of total revenue in Q4 2024, with a total of $767.5 million, up from 62% in Q3 2024[28] Cash Flow and Capital Management - The company repurchased $260 million of its stock in 2024, ending the year with $721 million in cash[7] - Cash provided by operating activities significantly increased to $407.2 million in 2024, compared to $85.9 million in 2023[27] - Free cash flow for 2025 is expected to be between $240 million and $360 million, with capital expenditures projected between $260 million and $280 million[16] - Managed Working Capital for December 29, 2024, is $1,451.3 million, a decrease from $1,681.8 million on September 29, 2024[45] Guidance and Future Outlook - The company provided guidance for Q1 2025 adjusted EBITDA between $170 million and $180 million, and full year 2025 adjusted EBITDA between $800 million and $840 million[16] - Adjusted earnings per share guidance for 2025 is projected to be between $2.80 and $3.00[16] - The company anticipates growth and margin expansion in 2025 and beyond, driven by strong demand in end markets and a focus on agility amid evolving geopolitical uncertainties[16] Balance Sheet and Assets - Total assets increased to $5,230.6 million in December 2024, up from $4,985.1 million in December 2023, representing a growth of 4.9%[25] - Long-term debt decreased to $1,714.9 million in December 2024, down from $2,147.7 million in December 2023, a reduction of 20.1%[25] - The company reported a cash and cash equivalents balance of $721.2 million at the end of December 2024, down from $743.9 million at the end of December 2023[27] Inventory and Working Capital Management - Inventory levels increased to $1,353.0 million in December 2024, compared to $1,247.5 million in December 2023, reflecting a rise of 8.5%[25] - Accounts receivable decreased to $709.2 million on December 29, 2024, from $730.2 million on September 29, 2024[45] - Inventory decreased to $1,353.0 million on December 29, 2024, compared to $1,414.5 million on September 29, 2024[45] - Year-to-date change in managed working capital for 2024 is $129.4 million[45] Special Items and Adjustments - Total pre-tax adjustments for special items in the fiscal year 2024 amounted to $88.3 million, compared to $104.3 million in the previous year[34] - The company reported a $52.9 million gain on the sale of its precision rolled strip operations in the fiscal year 2024[40] - The company incurred a pension remeasurement loss of $14.1 million in the fiscal quarter ended December 29, 2024[38]

Full year 2024 sales of $4.4 billion represents ATI's highest total since 2012 Q4 2024 sales of $1.2 billion, up 10% over Q4 2023; full year 2024 sales of $4.4 billion, up 5% over full year 2023 Q4 2024 net income attributable to ATI of $137 million, or $0.94 per share; full year 2024 net income attributable to ATI of $368 million, or $2.55 per share Aerospace and defense represent 65% of Q4 2024 sales, up from 62% of Q3 2024 sales and 63% of Q4 2023 sales Full year 2024 operating cash flow of $407 million, ...

New collaboration responds to growing demand for highly trained physical therapistsCHICAGO, Feb. 3, 2025 /PRNewswire/ -- With demand for physical therapy services projected to increase 27 percent by 2030, Tufts University School of Medicine (TUSM) and ATI Physical Therapy (ATI), a leading provider of physical therapy services across the United States, are launching a joint initiative aimed at expanding the physical therapist workforce and making the Doctor of Physical Therapy (DPT) Programs at TUSM more acc ...

Core Viewpoint - Allegheny Technologies (ATI) is set to release its earnings report on February 4, 2025, with expectations of a slight decline in EPS and a modest increase in revenue compared to the previous year [2]. Group 1: Stock Performance - ATI's stock closed at $58.56, reflecting a decrease of 0.71% from the previous day, underperforming the S&P 500, which fell by 0.29% [1]. - Over the past month, ATI's shares increased by 5.06%, outperforming the Basic Materials sector's gain of 1.82% and the S&P 500's gain of 2.52% [1]. Group 2: Earnings Forecast - The forecast for ATI's upcoming earnings report includes an EPS of $0.60, indicating a 6.25% decrease from the same quarter last year [2]. - The Zacks Consensus Estimate projects net sales of $1.08 billion, which is a 1.83% increase from the year-ago period [2]. Group 3: Analyst Estimates - Recent changes in analyst estimates for ATI suggest a positive outlook on the company's business operations and profit generation capabilities [3]. - The Zacks Rank system, which reflects these estimate changes, provides a rating system that can help investors make informed decisions [4]. Group 4: Zacks Rank and Valuation - Currently, ATI holds a Zacks Rank of 3 (Hold), with a recent downward shift of 0.23% in the Consensus EPS estimate over the past month [5]. - ATI has a Forward P/E ratio of 20.54, which is higher than the industry's Forward P/E of 14.17, indicating a premium valuation [6]. - The company has a PEG ratio of 1.57, compared to the Steel - Specialty industry's average PEG ratio of 1 [6]. Group 5: Industry Context - The Steel - Specialty industry, part of the Basic Materials sector, has a Zacks Industry Rank of 51, placing it in the top 21% of over 250 industries [7]. - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7].

DOWNERS GROVE, Ill., Jan. 16, 2025 /PRNewswire/ -- ATI Physical Therapy, Inc. (OTCMKTS: ATIP) ("ATI" or the "Company"), a nationally recognized outpatient physical therapy provider in the United States, announced today that it has terminated its previously announced tender offer (the "Offer"), the terms and conditions of which are described in an Offer to Purchase, dated December 17, 2024 (the "Offer to Purchase"), to purchase up to 1,650,000 shares of its Class A common stock, par value $0.0001 per share ( ...

Stock Performance - Allegheny Technologies (ATI) stock closed at $57 10, reflecting a +1 08% increase from the previous trading day [1] - The stock underperformed compared to the S&P 500 (+1 83%), Dow (+1 65%), and Nasdaq (+2 45%) [1] - Over the past month, ATI stock rose by 2 24%, outperforming the Basic Materials sector (-6 01%) and the S&P 500 (-3 31%) [2] Earnings and Revenue Expectations - The company is scheduled to release its earnings report on February 4, 2025 [3] - Analysts expect earnings of $0 60 per share, marking a year-over-year decline of 6 25% [3] - Revenue is projected at $1 08 billion, reflecting a 1 83% increase compared to the same quarter last year [3] Valuation Metrics - ATI is currently trading at a Forward P/E ratio of 19 63, which is higher than the industry average of 14 81 [7] - The company has a PEG ratio of 1 51, compared to the industry average of 0 99 [7] Industry and Sector Analysis - The Steel - Specialty industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 12, placing it in the top 5% of all industries [9] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9] Analyst Sentiment and Revisions - ATI currently holds a Zacks Rank of 2 (Buy) [4] - Positive estimate revisions are seen as a sign of optimism about the company's business outlook [6] - The Zacks Rank system has a strong track record, with 1 stocks generating an average annual return of +25% since 1988 [4]

Company Announcement - Maria Au, the Secretary-Treasurer and de facto CFO of Altai Resources Inc, resigned on January 10, 2025, from her position as an officer and director of the company [1] - Maria Au will continue to serve the company as an independent external consultant to complete the audited consolidated financial statements for the year ended December 31, 2024 [1] - Kursat Kacira, the Chairman & President of Altai, will serve as the interim CFO and Corporate Secretary until a permanent replacement is appointed [3] Company Background - Altai Resources Inc is a resource company with a producing oil property in Alberta and an exploration gold property in Quebec [4] Acknowledgment - Altai expressed gratitude to Maria Au for her 36 years of service, highlighting her integrity, honesty, and dedication to the company and its shareholders [2]

DALLAS, Jan. 6, 2025 /PRNewswire/ -- ATI (NYSE: ATI) has scheduled the live webcast for its fourth quarter and full year 2024 earnings conference call on Tuesday, February 4, 2025, at 7:30 a.m. CT (8:30 a.m. ET).  Fourth quarter and full year 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 " ...

Allegheny Technologies (ATI) closed at $56.11 in the latest trading session, marking a +1.96% move from the prior day. This move outpaced the S&P 500's daily gain of 1.26%. Elsewhere, the Dow saw an upswing of 0.8%, while the tech-heavy Nasdaq appreciated by 1.77%.Heading into today, shares of the maker of steel and specialty metals had lost 5.9% over the past month, outpacing the Basic Materials sector's loss of 9.43% and lagging the S&P 500's loss of 2.82% in that time.The investment community will be clo ...

Here are three stocks added to the Zacks Rank #24 (Strong Sell) List today:ATI Inc. (ATI) is a specialty materials and complex components company. The Zacks Consensus Estimate for its current year earnings has been revised 8.5% downward over the last 60 days.Graphic Packaging Holding Company (GPK) is a company which provides fiber-based packaging solutions to food, beverage, foodservice, and other consumer products. The Zacks Consensus Estimate for its current year earnings has been revised 3.8% downward ov ...