Welcome to our dedicated page for ATI news (Ticker: $ATI), a resource for investors and traders seeking the latest updates and insights on ATI stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ATI's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ATI's position in the market.
Rhea-AI Summary
ATI Inc. (NYSE: ATI) reported strong Q4 2023 results, with sales of $1.06 billion and net income of $145.7 million. Aerospace and defense sales represent 63% of Q4 2023 sales, up from 61% of Q3 2023 sales and 53% of Q4 2022 sales. Full year 2023 sales were $4.17 billion, up 9% from 2022. Adjusted net income for Q4 2023 was $93.0 million, and ATI adjusted EBITDA was $160.7 million, or 15.1% of sales.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.68%
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Rhea-AI Summary
ATI (NYSE: ATI) will webcast its fourth quarter and full year 2023 conference call on Thursday, February 1, 2024, at 9:30 a.m. CT. Results will be released prior to the market opening on February 1. ATI is a global producer of high performance materials and solutions for the aerospace and defense markets, electronics, medical, and specialty energy. They focus on delivering extraordinary materials through proprietary process technologies and customer partnerships. ATI is proven to perform anywhere.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.2%
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Rhea-AI Summary
ATI Inc. (NYSE: ATI) forecasts revenues exceeding $5 billion with adjusted EBITDA of $1 billion by 2027. The company projects more than $1 billion in top-line organic growth and a 60% increase in adjusted earnings from 2023 to 2027. ATI's aerospace and defense foundation, secured through long-term agreements, sets the stage for continued growth and value creation. The company also announced a new share repurchase authorization of $150 million, demonstrating confidence in future financial performance and commitment to a balanced capital allocation strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.48%
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Rhea-AI Summary
ATI Inc. reported Q3 2023 sales of $1.03 billion and net income of $75.7 million. Aerospace and defense sales represent 61% of Q3 2023 sales. Adjusted earnings per share for Q3 2023 was $0.55, and ATI adjusted EBITDA was $148.1 million, or 14.4% of sales.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.89%
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Rhea-AI Summary
ATI Inc. to host Investor Update event on November 29, 2023, to provide insights into expanding A&D business and affirm long-term strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.69%
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Rhea-AI Summary
ATI Inc. announces the purchase of group annuity contracts from Athene Annuity and Life Company, transferring 85% of its U.S. qualified defined benefit pension plan obligations. The company contributed $272 million in cash in 2023 to fully fund the remaining pension liabilities. ATI's de-risking strategy brings stability and strength to its balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
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Rhea-AI Summary
ATI (NYSE: ATI) will provide live internet listening access to its conference call with the financial community scheduled for Thursday, November 2, 2023, at 9:30 a.m. CT (10:30 a.m. ET). The conference call will be conducted after the Company's planned release of third quarter results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
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Rhea-AI Summary
ATI awarded contract by BPMI to support U.S. Naval Nuclear Propulsion Program with metal additive manufacturing facility
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
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Rhea-AI Summary
ATI Inc. (NYSE: ATI) plans to offer $400 million in senior notes to fund pension liabilities and implement de-risking strategies. Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and J. P. Morgan Securities LLC are the joint book-running managers for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
Tags
ATI Inc.
NYSE:ATI
ATI Rankings
ATI Stock Data
7.22B
126.26M
1.13%
110.04%
5.13%
Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
Manufacturing
United States of America
DALLAS
About ATI
allegheny technologies incorporated (ati) is a global manufacturer of technically advanced specialty materials and complex components. we are a market leader in manufacturing and producing differentiated specialty alloys and forgings that require our unique manufacturing and precision machining capabilities and our innovative new product development competence. ati produces nickel-based alloys and superalloys, titanium and titanium-based alloys, specialty alloys, stainless steels, zirconium and other related alloys in many mill product forms. our capabilities range from alloy development, to melting and hot-working, through highly engineered finished components. we are a leader in producing nickel-based alloy and titanium-based alloy powders for use in next-generation jet engine forgings and 3d-printed products. our key global markets include, aerospace and defense, oil and gas, chemical and hydrocarbon processing, electrical energy, medical, automotive and other industrial markets.