Allegheny Tech Stock Price, News & Analysis

ATI Inc. (NYSE: ATI) has announced the appointment of two prominent aerospace executives to its Board of Directors, effective November 1, 2025. Elizabeth Lund, former Boeing Senior VP of Quality, brings 34 years of experience in commercial aviation, having managed 3,000 suppliers across 41 countries and led significant operational improvements.

Jean Lydon-Rodgers, former President and CEO of GE Aviation Services, joins with extensive experience in aerospace and defense, having led a $15+ billion global aftermarket division and managed a $220 billion service agreement backlog. Both appointments strengthen ATI's position in the aerospace and defense supply chain markets.

ATI Inc. (NYSE: ATI) announced that Executive Vice President - Finance and Chief Financial Officer Don Newman will retire on March 1, 2026. Newman, who joined ATI in 2020, will continue serving as CFO until his retirement date and then transition to an advisory role to ensure a smooth handover.

During his tenure, Newman played a crucial role in transforming ATI's balance sheet, optimizing capital structure, implementing share repurchases, and helping transform ATI into a majority aerospace and defense business. The company has initiated a search for his successor through a leading executive search firm, considering both internal and external candidates.

In the interim, Rob Foster, ATI Vice President of Financial and Operating Strategies, will lead the development of ATI's 2026 financial plan. The company has also reaffirmed its guidance for Q3 and full-year 2025.

ATI (NYSE:ATI), a global producer of high-performance materials for aerospace and defense markets, has announced the sale of its East Hartford Operations (EHO) to Barnes Aerospace. The transaction was facilitated by Mesirow, acting as the exclusive financial advisor.

EHO, located in Connecticut, is a specialized manufacturer of flight-safety critical rotating hardware, including rotor hubs, rotorcraft components, and jet engine discs for both commercial and defense aerospace sectors. The facility has built a strong reputation over 75 years of operations.

This deal represents another successful aerospace & defense corporate carve-out transaction for Mesirow Investment Banking, which has completed over 350 transactions across its verticals.

ATI (NYSE: ATI) has announced a significant expansion and extension of its long-term titanium supply agreement with Boeing. The expanded agreement covers Boeing's complete commercial airplane portfolio, including both narrowbody and widebody aircraft, with growth opportunities and potential to serve Boeing's third-party subsidiaries.

Under the agreement, ATI will provide a comprehensive range of high-performance titanium materials, including long products (ingots, billets, rectangles, and bars) and flat-rolled products (plate, sheet, and coil). The deal will utilize ATI's new Pageland, South Carolina facility for titanium alloy sheet production, leveraging both Specialty Materials and Specialty Rolled Products divisions.

ATI Inc. (NYSE: ATI) reported strong Q2 2025 financial results, with sales reaching $1.14 billion, up 4% year-over-year. The company's performance was primarily driven by aerospace & defense sales of $762 million, representing 67% of Q2 sales with notable 27% YoY growth in commercial jet engine sales.

Net income attributable to ATI increased 23% YoY to $101 million, with earnings per share of $0.70. The company demonstrated solid operational metrics with Adjusted EBITDA of $208 million, a 14% increase YoY, representing 18.2% of sales. During Q2, ATI completed $250 million in share repurchases at an average price of $76.79 per share.

The company raised its full-year 2025 guidance, projecting adjusted EBITDA of $810M-$840M and adjusted earnings per share of $2.90-$3.07.

GATX Corporation (NYSE:GATX) has announced the appointment of Robert "Bob" S. Wetherbee to its board of directors. Wetherbee, who will serve on both the Audit and Compensation Committees, brings the total board membership to nine directors, with eight being independent.

Wetherbee, 65, currently serves as executive chairman of ATI Inc. (NYSE:ATI), a producer of high-performance materials for aerospace and defense markets. His extensive 40-year career includes leadership roles at Alcoa Inc., Minerals Technologies, and Metalspectrum.com. He also serves as board chair of Commercial Metals Company since September 2024.

GATX, headquartered in Chicago since 1898, specializes in leasing transportation assets including railcars, aircraft spare engines, and tank containers globally. The company has maintained an uninterrupted quarterly dividend since 1919.

ATI (NYSE: ATI), a global producer of high-performance materials for aerospace and defense markets, has scheduled its second quarter 2025 earnings conference call for July 31, 2025, at 7:30 a.m. CT. The company will release its Q2 2025 results at 6:30 a.m. CT, ahead of the call.

The conference call will include a presentation with slides, accessible through ATImaterials.com under the "Conference Call" section. A replay of the call will be available on the company's website afterward.

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ATI Inc. (NYSE: ATI) has been reclassified under the Global Industry Classification Standard (GICS) from Metals and Mining to Aerospace and Defense effective May 1, 2025. This change reflects ATI's strategic transformation into a leading A&D supplier, with approximately 66% of Q1 2025 revenue coming from the aerospace and defense sector.

The company has been executing its A&D-focused strategy since 2020, concentrating on producing highly differentiated materials for aerospace and defense customers while exiting lower-value metal products. ATI's materials support all commercial platforms, airframes, engines, and significant national defense programs.

ATI has launched a new state-of-the-art facility in Pageland, South Carolina, dedicated to producing titanium alloy sheet for aerospace applications. The 125,000-square-foot facility manufactures 'pack rolled sheet' titanium in gauges as thin as 0.020 inches and lengths up to 25 feet, offering the widest and longest titanium sheets in the industry. The company has secured a multi-year agreement with Airbus for titanium products, with over two-thirds of Pageland's capacity expected to be under long-term aerospace customer agreements. The facility features sustainable design elements including electric furnaces and efficient water-jacketed pickle line, resulting in zero air emissions and minimal wastewater discharge. The highly automated plant integrates leveling, annealing, finishing, and inspection operations under one roof.