Core Viewpoint - The Carillon Scout Mid Cap Fund's third-quarter 2025 investor letter highlights strong corporate earnings and AI infrastructure momentum as key drivers for positive returns in the Russell Midcap Index [1]. Company Overview - ATI Inc. (NYSE:ATI) is an industrial company focused on producing and distributing specialty materials and complex components, primarily for the aerospace and defense markets [2][3]. - As of December 02, 2025, ATI Inc. stock closed at $98.66 per share, with a market capitalization of $13.599 billion [2]. Stock Performance - ATI Inc. stock gained 2.25% over the past month and has risen 64.71% in value over the last 52 weeks [2]. - The company's third-quarter revenue increased by 7% year-over-year, exceeding $1.1 billion [4]. Investment Sentiment - Despite ATI Inc.'s potential, the fund suggests that certain AI stocks may offer greater upside potential and carry less downside risk [4]. - ATI Inc. is not among the 30 most popular stocks among hedge funds, with 58 hedge fund portfolios holding its stock at the end of the third quarter, up from 57 in the previous quarter [4]. Strategic Shift - The company is shifting away from commodity products towards higher value-added offerings for aerospace, medical, electronics, and specialty energy uses, which is viewed positively for long-term growth [3]. - There is significant long-term growth potential in the aerospace sector as demand for travel increases and airlines modernize their fleets with more fuel-efficient planes [3].