ATI's Q3 Earnings Beat Estimates, Full-Year EBITDA Raised

Core Insights - ATI Inc. reported a profit of $110 million or 78 cents per share for Q3 2025, an increase from $82.7 million or 57 cents in the same quarter last year [1] - Adjusted earnings rose 42% to 85 cents, surpassing the Zacks Consensus Estimate of 75 cents [1][8] - Net sales for the third quarter were $1,125.5 million, a 7% year-over-year increase, but below the Zacks Consensus Estimate of $1,139.8 million [2][8] Segment Performance - High-Performance Materials & Components (HPMC) reported sales of $602.9 million, up 9% year over year, but below the consensus estimate of $623 million; segment EBITDA increased 18.3% to $145.8 million [3] - Advanced Alloys & Solutions (AA&S) recorded sales of $522.6 million, a 4.8% increase from $498.8 million, exceeding the consensus estimate of $507 million; however, segment EBITDA decreased 23% to $90.4 million [4] Financial Overview - Cash and cash equivalents stood at $372.2 million, down 8.6% year over year; long-term debt decreased by 7.6% to $1,715.2 million [5] - For Q4 2025, adjusted EBITDA is expected to be between $221 million and $231 million, with full-year guidance raised to $848 million-$858 million; adjusted earnings per share are projected at 84-90 cents for Q4 and $3.15 to $3.21 for the full year [6][8] Market Position - ATI currently holds a Zacks Rank 2 (Buy), indicating a favorable outlook in the market [7]