Proven ATI leader brings operational depth and financial discipline to drive next phase of growthDALLAS, Dec. 8, 2025 /PRNewswire/ -- ATI Inc. (NYSE: ATI) announced that James Robert "Rob" Foster will become Senior Vice President, Finance and Chief Financial Officer, effective January 1, 2026. Foster succeeds Don Newman, who will serve as Strategic Advisor to the CEO beginning January 1. As previously announced, Newman will retire on March 1, 2026, and serve in an advisory capacity for a continued period t ...

Core Insights - OpenAI announced new partnerships to integrate its AI products across various industries during its developer conference, aiming to leverage the strong consumer momentum it has experienced [1] Group 1 - The focus of the partnerships is to enhance the application of AI technologies in diverse sectors, indicating a strategic move to broaden market reach [1] - OpenAI's efforts are aimed at transitioning its consumer success into enterprise solutions, which could lead to increased revenue streams [1]

Financial Data and Key Metrics Changes - The company reported revenue of $2.5 billion for Q1 2025, a 25% increase year-over-year from $2 billion in Q1 2024 [7][19] - Adjusted EBITDA for the first quarter totaled $565 million, marking a 10% increase from the prior year, with an adjusted EBITDA margin of 22% [7][19] - The recordable incident rate for safety was 0.54, which is 80% lower than the manufacturing industry average [6] Business Line Data and Key Metrics Changes - Roofing segment revenue was $1.1 billion, up 2% year-over-year, with EBITDA of $332 million and EBITDA margins of 30% [22][24] - Insulation segment revenues were $909 million, a 5% decrease from the previous year, with EBITDA of $225 million and EBITDA margins of 25% [25][27] - Doors business generated revenue of $540 million, with EBITDA of $68 million and EBITDA margins of 13% [29] Market Data and Key Metrics Changes - Demand for repair and remodel activities remained challenged, except for non-discretionary re-roofing, which remained solid [9][10] - New residential construction started the year slower due to elevated interest rates, accounting for about 25% of enterprise revenue [9][10] - Non-residential markets, which account for about 20% of the business, remained stable overall [10] Company Strategy and Development Direction - The company is focused on high-value building product categories and is making phased investments in roofing and insulation businesses to support long-term growth [9][12] - Strategic divestitures are ongoing, including the sale of Glass Reinforcements and the Building Materials business in China and Korea, to streamline operations [13][14] - The company aims to reshape itself into a branded building products leader, driving higher returns and long-term value creation [14] Management's Comments on Operating Environment and Future Outlook - The management noted mixed market conditions in North America and Europe, with expectations for solid demand in non-discretionary re-roofing but weaker residential new construction [34] - For Q2 2025, the company anticipates revenue growth in the high single digits compared to Q1 2025, with adjusted EBITDA margins in the low to mid-twenty percent range [34] - The management expressed confidence in the company's ability to outperform the market despite mixed near-term conditions [41] Other Important Information - The company published its nineteenth annual sustainability report, highlighting efforts to keep employees safe and reduce greenhouse gas emissions [15][16] - Owens Corning was recognized by Barron's as one of the hundred most sustainable companies in the US, ranking fourth on the annual list [17] - The company will host its 2025 Investor Day on May 14 at its headquarters in Toledo, Ohio [17] Q&A Session Summary Question: Concerns about scheduled capacity additions in the insulation sector - Management acknowledged the industry dynamics and emphasized the long-term need for insulation materials due to underbuilding in the housing market [43][49] Question: Pricing expectations for fiberglass insulation - Management indicated that while there is a positive pricing environment, the second half of the year may see challenges due to market dynamics [51][52] Question: Tariff mitigation strategies - Management outlined various mitigation strategies, including optimizing supply chains and positioning inventory ahead of tariffs, resulting in a reduced net impact from tariffs [56][60][62] Question: Balancing market share versus defending margins - Management reiterated a focus on value creation for customers while maintaining competitiveness in pricing to defend margins [65][68] Question: Update on roofing demand and storm activity - Management reported strong demand in roofing, with ongoing repair work and a positive outlook for storm season activity [88][90]