ATI(US:ATI)2025-07-31 12:30Financial Performance - Q2 2025 sales reached $1.14 billion, a 4% year-over-year increase[4] - Adjusted EBITDA for Q2 2025 was $208 million, up 14% year-over-year, with a margin of 18.2%, a 150 bps increase[4] - Adjusted EPS for Q2 2025 was $0.74, compared to $0.60 in Q2 2024[4, 5] - Adjusted Free Cash Flow was $93 million, a 94% year-over-year increase[6] Segment Performance (Aerospace & Defense) - Aerospace & Defense (A&D) accounted for 67% of total sales, with $762 million in Q2[10, 11] - Commercial Jet Engines saw a 27% year-over-year growth in Q2 and 31% year-to-date, with expected growth exceeding 20% for 2025[10, 13] - HPMC (High Performance Materials & Components) segment margin was 23.7% in Q2, up 350 bps year-over-year[10] - AA&S (Advanced Alloys & Solutions) segment margin was 14.4%, a sequential dip due to defense, airframe, and energy timing[10] Outlook and Capital Allocation - The company expects an Adjusted EBITDA between $810 million and $840 million for the full year 2025[20] - The company expects an Adjusted EPS between $2.90 and $3.07 for the full year 2025[20] - The company expects a Free Cash Flow between $270 million and $350 million for the full year 2025[20] - $250 million in share repurchases were made in Q2, with over $800 million repurchased since 2022 at an average price of ~$48 per share[10]