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ATI Inc. has completed the sale of its precision rolled strip operations in New Bedford, Massachusetts and Remscheid, Germany to Ulbrich Stainless Steels and Special Metals. The divestiture aligns with ATI's strategic focus on aerospace and defense markets, specifically in titanium, nickel, and alloyed products. The sold operations specialize in thin gauges and small coils for precision rolled strip business. Ulbrich views this acquisition as transformative for their global strategy and will integrate employees from both facilities into their team.

ATI Inc. reported Q3 2024 results with sales of $1.05 billion and net income of $82.7 million ($0.57 per share). Adjusted earnings were $0.60 per share with adjusted EBITDA of $185.7 million (17.7% of sales). Aerospace & defense represented 62% of Q3 sales. The company faced challenges due to industry-wide slowing of aircraft production and supply chain disruptions. ATI updated its 2024 guidance, reducing adjusted EBITDA forecast to $700M-$710M from previous $720M-$750M. The company announced a new $700 million share repurchase authorization and redeemed its 2025 Convertible Notes.

ATI (NYSE: ATI) has announced the live webcast for its third quarter 2024 earnings conference call scheduled for Tuesday, October 29, 2024, at 7:30 a.m. CT (8:30 a.m. ET). The company plans to publish its Q3 2024 results prior to the call at 6:30 a.m. CT (7:30 a.m. ET). Investors can access the broadcast and accompanying presentation slides on ATImaterials.com by selecting 'Conference Call'. A replay of the conference call will also be available on the company's website.

ATI is a global producer of high-performance materials and solutions for aerospace, defense, electronics, medical, and specialty energy markets. The company focuses on solving challenging problems through materials science and partners with customers to deliver advanced materials for demanding applications.

ATI Inc. (NYSE: ATI) has announced that its President and CEO Kim Fields and EVP and CFO Don Newman will be speaking at the Morgan Stanley 12th Annual Laguna Conference on September 11, 2024, at 3:15 p.m. ET in Dana Point, California. The event will be webcast live, with a link available in the News & Events section of ATI's investor website. An audio replay and full transcript will be provided after the presentation.

ATI is a global producer of high-performance materials for aerospace, defense, electronics, medical, and specialty energy markets. The company focuses on materials science to solve challenging problems, enabling their customers to achieve greater performance in demanding environments.

ATI Inc. (NYSE: ATI) has announced a $700 million share repurchase program authorized by its Board of Directors. The multi-year program allows for open market or private transactions, with timing and amount dependent on market conditions. Simultaneously, ATI is redeeming the remaining $291 million of its 3.5% Senior Convertible Notes due 2025 on September 10, 2024. Noteholders can convert their holdings to ATI common stock at a rate of 64.7178 shares per $1,000 principal until September 9, 2024. CEO Kim Fields stated these actions demonstrate ATI's confidence in long-term financial performance, robust cash position, and commitment to a balanced capital allocation strategy emphasizing de-leveraging and shareholder returns while funding growth.

ATI Inc. reported strong Q2 2024 results, with sales of $1.1 billion, up 5% from Q1 2024. Net income attributable to ATI was $81.9 million, or $0.58 per share, up 26% from Q1 2024. Aerospace & defense represented 62% of Q2 2024 sales, up from 59% in Q1. Adjusted earnings per share were $0.60, and ATI adjusted EBITDA was $182.6 million, or 16.7% of sales. The company's performance was driven by growth in aerospace & defense, which increased 11% sequentially. ATI reaffirmed its full-year outlook and remains confident in meeting its 2024 guidance and 2025/2027 financial targets.

ATI (NYSE: ATI) announced $4 billion in new sales commitments through 2040 at the Farnborough International Airshow, with $2.2 billion to be delivered by 2030. These commitments, primarily for nickel alloys in the jet engine market, reinforce ATI's aerospace leadership and customer trust in securing critical supply.

The new agreements are expected to generate $500 million in revenue for 2025 and $550 million in 2027, with approximately 20% being incremental to ATI's previously announced financial targets. CEO Kim Fields emphasized that these commitments strengthen ATI's position to achieve its financial goals for 2025, 2027, and beyond.

ATI, a global producer of high-performance materials for aerospace, defense, electronics, medical, and specialty energy markets, continues to partner with customers to solve challenging problems through materials science and innovative solutions.

ATI (NYSE: ATI) has scheduled its second quarter 2024 earnings conference call on August 6, 2024, at 7:30 a.m. CT (8:30 a.m. ET). The results will be published an hour earlier at 6:30 a.m. CT (7:30 a.m. ET).

The conference call will be broadcasted live, and accompanying presentation slides will be available on ATImaterials.com. A replay of the conference call will also be accessible on the same site.

ATI is a global producer of high-performance materials, serving aerospace, defense, electronics, medical, and specialty energy markets.

On July 1, 2024, Kimberly A. Fields was appointed President and CEO of ATI, succeeding Robert S. Wetherbee, who became Executive Chairman. Fields, who has been with ATI since 2022 and served as President since 2023, has been pivotal in enhancing operational advantages and expanding capacity. She aims to continue the company's strategic growth, emphasizing high-performance materials for aerospace and defense markets. Wetherbee, serving as President and CEO since 2018, played a important role in ATI's transformation into a leading aerospace and defense player. ATI is recognized for its innovative materials science solutions that cater to challenging environments globally.