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ATI(ATI) - 2024 Q1 - Earnings Call Transcript
2024-04-30 18:48
ATI, Inc. (NYSE:ATI) Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants David Weston - Vice President, Investor Relations Robert Wetherbee - Board Chair and Chief Executive Officer Kimberly Fields - President and Chief Operating Officer Don Newman - Executive Vice President, Finance and Chief Financial Officer Conference Call Participants Michael Leshock - KeyBanc Capital Markets Richard Safran - Seaport Global Securities David Strauss - Barclays Scott Deuschle - Deutsche Bank C ...
Why ATI Stock Is Flying High Today
The Motley Fool· 2024-04-30 18:34
A solid quarter is alleviating some of the concern surrounding this aerospace stock.Material sciences specialist ATI (ATI 16.42%) reported a strong first quarter, and its guidance implies that issues at Boeing are not softening demand for its products. Investors are relieved, sending ATI shares up 17% as of 2 p.m. ET.Steady results in a tough environmentATI makes high-performance materials for the aerospace, defense, healthcare, and energy markets. It is best known for the composite fibers used to replace h ...
ATI(ATI) - 2024 Q1 - Quarterly Report
2024-04-30 17:52
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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commi ...
Compared to Estimates, Allegheny Technologies (ATI) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-04-30 15:31
Allegheny Technologies (ATI) reported $1.04 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 0.5%. EPS of $0.48 for the same period compares to $0.49 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.01 billion, representing a surprise of +3.09%. The company delivered an EPS surprise of +17.07%, with the consensus EPS estimate being $0.41.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...
Allegheny Technologies (ATI) Beats Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-04-30 13:41
Allegheny Technologies (ATI) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.07%. A quarter ago, it was expected that this maker of steel and specialty metals would post earnings of $0.62 per share when it actually produced earnings of $0.64, delivering a surprise of 3.23%.Over the ...
ATI(ATI) - 2024 Q1 - Quarterly Results
2024-04-30 11:34
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 First Quarter 2024 Results Continued strong year-over-year revenue growth in aero ...
Should You Buy ATI (ATI) Ahead of Earnings?
Zacks Investment Research· 2024-04-26 13:51
Investors are always looking for stocks that are poised to beat at earnings season and ATI Inc. (ATI) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because ATI is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some ...
Allegheny Technologies (ATI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Zacks Investment Research· 2024-04-23 15:07
The market expects Allegheny Technologies (ATI) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be r ...
ATI Announces Completion of Vandergrift Operations Expansion
Zacks Investment Research· 2024-04-15 12:19
ATI Inc. (ATI) recently held an event with government and community leaders to mark the completion of its expansion at Vandergrift Operations, the most advanced materials finishing operations of its kind.The Vandergrift expansion is critical to ATI's transformation of Specialty Rolled Products into a market leader in high-quality titanium and nickel-based alloys. Consolidating production from five other ATI locations resulted in a more competitive flow path at Vandergrift, which concentrated on boosting the ...
ATI Celebrates Completion of Most Advanced Materials Finishing Operations
Prnewswire· 2024-04-11 17:04
Vandergrift expansion significant to Specialty Rolled Products transformation VANDERGRIFT, Pa., April 11, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) celebrated completion of its expansion at Vandergrift Operations – the most advanced materials finishing operations of its kind – at an event attended by government and community leaders. The Vandergrift expansion is significant to ATI's transformation of Specialty Rolled Products to be a leader in high quality titanium and nickel-based alloys. Consolidating pro ...