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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.

ATI's Chief Financial Officer, Don Newman, will speak at the 2024 Wells Fargo Industrials Conference in Chicago on June 11, 2024, at 12:45 p.m. CT. The presentation will be accessible via the company's investor relations page, with an audio replay and transcript available post-event.

ATI is a global leader in high-performance materials and solutions for aerospace, defense, electronics, medical, and specialty energy sectors. The company highlights its commitment to innovation, proprietary process technologies, and strong customer partnerships as key factors driving its success in addressing the world's most challenging material science problems.

ATI Inc. (NYSE: ATI) announces Netta Washington as the new Executive Vice President leading the High Performance Materials and Components (HPMC) segment. Washington brings a wealth of experience in operational performance improvement and revenue growth. She will focus on optimizing the supply chain and driving growth in Forged Products and Specialty Materials for ATI.

ATI Inc. (NYSE: ATI) reported strong year-over-year revenue growth in aerospace and defense, with Q1 2024 sales of $1.04 billion and net income of $66.1 million. Adjusted earnings per share for Q1 2024 was $0.48, and ATI adjusted EBITDA was $151 million. The company's focus on improving working capital intensity resulted in significant improvements in year-over-year free cash flow performance. ATI's outlook remains strong, supported by a robust backlog of commercial aircraft orders, aiming to exceed $5 billion in revenue and $1 billion in adjusted EBITDA by 2027.