Allegheny Tech Stock Price, News & Analysis

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.

ATI Inc. (NYSE: ATI) has secured a significant multi-year agreement with Airbus to supply titanium plate, sheet, and billet products, positioning ATI as a top supplier for the aircraft manufacturer. The guaranteed share contract more than doubles ATI's previous support of Airbus, supporting the airframer's production ramp-up of narrow and widebody aircraft.

The agreement leverages ATI's integrated production capabilities, from melting to finished products, with alloy titanium sheet production at their new Pageland, South Carolina facility. ATI's materials are currently used in virtually every commercial aircraft platform, demonstrating their established presence in aerospace manufacturing.

ATI Inc. (NYSE: ATI) announced that President and CEO Kimberly A. Fields will participate in a fireside chat at the Bernstein 41st Annual Strategic Decisions Conference on May 29, 2025, at 11:00 a.m. ET. The presentation will be accessible through the News & Events section of ATI's investor relations website, with both audio replay and transcript available afterward.

ATI is a leading manufacturer of high performance materials for aerospace, defense, electronics, medical, and specialty energy sectors. The company specializes in materials science solutions that enable their customers to achieve superior performance in challenging environments.

ATI reported strong Q1 2025 financial results with sales of $1.14 billion, up 10% year-over-year. Net income reached $97 million, a 47% increase, with earnings per share of $0.67. The company's aerospace & defense segment drove growth, contributing 66% of Q1 sales at $754 million, representing a 23% increase. Adjusted EBITDA grew 29% to $195 million, with margins improving to 17.0%. For full-year 2025, ATI forecasts adjusted EBITDA of $800M-$840M and adjusted EPS of $2.87-$3.09. The company plans approximately $250 million in share repurchases for Q2 2025. The High Performance Materials & Components segment showed strong performance with 92% of sales from aerospace & defense, while Advanced Alloys & Solutions segment demonstrated growth with aerospace & defense representing 39% of sales.

ATI (NYSE: ATI) has successfully secured a new six-year labor agreement with the United Steelworkers (USW), ratified by its employees. The agreement, extending through February 28, 2031, provides competitive wages and benefits to nearly 1,000 represented employees at ATI's Western Pennsylvania and Lockport, New York facilities.

CEO Kimberly A. Fields emphasized that this contract will promote stability and consistency, enabling better customer service and team rewards. The agreement specifically covers workers in the company's Specialty Rolled Products division.

ATI is a manufacturer of high-performance materials serving global aerospace, defense, electronics, medical, and specialty energy markets. The company specializes in developing materials science solutions for challenging environments, focusing on proprietary process technologies and customer partnerships.

ATI (NYSE: ATI), a global producer of high performance materials for aerospace, defense, electronics, medical and specialty energy markets, has announced its upcoming first quarter 2025 earnings webcast. The event is scheduled for Thursday, May 1, 2025, at 7:30 a.m. CT (8:30 a.m. ET), with results to be published one hour prior at 6:30 a.m. CT.

The conference call and accompanying presentation slides will be accessible through ATImaterials.com under the 'Conference Call' section. The company, known for its materials science solutions and proprietary process technologies, focuses on delivering materials that enable customer achievements in challenging environments.

ATI (NYSE: ATI) faces mixed results in labor agreement negotiations. The company's Specialty Rolled Products employees in Western Pennsylvania and Lockport, New York, along with the United Steelworkers (USW), failed to ratify a successor labor agreement. In response, ATI and USW have extended the expired agreement through April 30, 2025, while negotiations continue.

On a positive note, ATI successfully reached an agreement with USW for Specialty Alloys and Components employees at the 34th Avenue facility in Albany, Oregon. This new agreement, which includes a competitive wage and benefit package, will be effective from March 1, 2025, to February 28, 2031.

ATI (NYSE: ATI) announced that Executive Vice President and CFO Don Newman will participate in the 2025 JP Morgan Industrials Conference on March 12, 2025, at 3:10 p.m. ET. The fireside chat will be accessible through the News & Events section of ATImaterials.com/investors, with audio replay and transcript available post-presentation.

ATI specializes in producing high-performance materials for aerospace, defense, electronics, medical, and specialty energy sectors. The company focuses on materials science to address complex challenges, enabling products that:

• Fly higher and faster
• Burn hotter
• Dive deeper
• Stand stronger
• Last longer

Through proprietary process technologies, customer partnerships, and innovation commitment, ATI delivers materials and solutions for today's needs and tomorrow's challenging environments.