Group 1 - ATI has scheduled a live webcast for its second quarter 2025 earnings conference call on July 31, 2025, at 7:30 a.m. CT [1] - The second quarter 2025 results will be published prior to the call at 6:30 a.m. CT [1] - The conference call will be accessible via ATImaterials.com, where presentation slides and a replay will also be available [2] Group 2 - ATI is a global producer of high-performance materials and solutions for aerospace, defense, electronics, medical, and specialty energy markets [3] - The company focuses on solving complex challenges through materials science and innovation [3] - ATI emphasizes its commitment to delivering extraordinary materials that enhance the performance of its customers' products [3]

Company Overview - ATI Inc. is a producer of high-performance materials and solutions for the global aerospace and defense markets, as well as critical applications in electronics, medical, and specialty energy [2] - The company focuses on solving complex challenges through materials science and partners with customers to deliver extraordinary materials that enhance product performance [2] Upcoming Event - Kimberly A. Fields, President and CEO of ATI, will speak at the Bernstein 41st Annual Strategic Decisions Conference on May 29, 2025, at 11:00 a.m. ET [1] - An audio replay and full transcript of the event will be available after the presentation [1]

Core Insights - ATI Inc. reported first quarter 2025 sales of $1.14 billion, a 10% increase year-over-year, driven by a 23% increase in aerospace and defense sales [5][19] - Net income attributable to ATI for Q1 2025 was $97 million, up 47% from the previous year, with earnings per share of $0.67 compared to $0.46 in Q1 2024 [5][19] - Aerospace and defense sales accounted for 66% of total sales in Q1 2025, reflecting strong demand in these sectors [1][25] Financial Performance - Adjusted EBITDA for Q1 2025 was $194.6 million, representing a 29% increase year-over-year, with adjusted EBITDA as a percentage of sales at 17.0% compared to 14.5% in Q1 2024 [5][19] - The company provided guidance for Q2 2025, expecting adjusted EBITDA between $195 million and $205 million, and full-year adjusted EBITDA between $800 million and $840 million [2][3] - Adjusted earnings per share for Q1 2025 were $0.72, up from $0.48 in Q1 2024 [5][19] Segment Performance - High Performance Materials & Components (HPMC) segment sales were $584.1 million, down 8% sequentially but up 10% year-over-year, with segment EBITDA of $131 million, or 22.4% of sales [9][12] - Advanced Alloys & Solutions (AA&S) segment sales increased to $560.3 million, a 4% increase from Q4 2024 and a 9% increase year-over-year, with segment EBITDA of $83.4 million, or 14.9% of sales [10][13] Market Dynamics - The aerospace and defense market showed robust growth, with jet engine sales at $421.4 million and airframe sales at $205.8 million for Q1 2025 [25] - The company is focusing on strengthening its supply chain to manage market volatility and is committed to sustainable growth in high-performance markets [8][7] Shareholder Returns - The company repurchased $70 million of common stock in Q1 2025, with a remaining authorization of $520 million under its share repurchase program [19][22] - ATI's effective tax rate for Q1 2025 was 17.3%, reflecting discrete tax benefits related to equity compensation [19][23]