ATI Inc. reports developments tied to its high-performance materials and specialty metal solutions business, with recurring emphasis on aerospace and defense demand, specialty energy applications, margin performance, cash flow, and segment execution. The company serves end markets that also include electronics and medical applications, supported by proprietary process technologies and customer-specific materials capabilities.
ATI news commonly includes quarterly and annual results, earnings webcasts, guidance updates, restructuring or transformation costs, capital allocation actions such as share repurchase authorizations, and leadership or board governance changes. Coverage also reflects the company's operating focus on High-Performance Materials and Components and Advanced Alloys and 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.
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