ATI's Earnings and Revenues Surpass Estimates in Q1, Rise Y/Y

Core Insights - ATI Inc. reported a profit of $97 million or 67 cents per share for Q1 2025, an increase from $66.1 million or 46 cents in the same quarter last year [1] - Adjusted earnings were 72 cents per share, up 50% from 48 cents year-over-year, exceeding the Zacks Consensus Estimate of 58 cents [1] Financial Performance - Net sales for Q1 2025 reached $1,144.4 million, surpassing the Zacks Consensus Estimate of $1,063.6 million, with a year-over-year increase of 9.7% [2] - High Performance Materials & Components (HPMC) segment sales were $584.1 million, up 10.2% year-over-year, exceeding the Zacks Consensus Estimate of $554.2 million, with segment EBITDA increasing 34.2% to $131 million [2] - Advanced Alloys & Solutions (AA&S) segment recorded sales of $560.3 million, a 9.2% increase from $513 million last year, also surpassing the Zacks Consensus Estimate of $494.9 million, with EBITDA rising 16.1% to $83.4 million [3] Financial Position - Cash and cash equivalents stood at $475.8 million, up from $394.4 million the previous year [4] - Long-term debt decreased by 20.1% to $1,713.3 million compared to the prior year [4] Future Outlook - For Q2 2025, ATI anticipates adjusted EBITDA between $195 million and $205 million and adjusted EPS between 67 cents and 73 cents [5] - Full-year 2025 guidance includes projected adjusted EBITDA of $800 million to $840 million and adjusted EPS ranging from $2.87 to $3.09, with expected adjusted free cash flow between $240 million and $360 million [5]