Allegheny Tech Stock Price, News & Analysis

ATI Inc. (NYSE: ATI) appointed Ruby Sharma to its Board of Directors as of March 2, 2023. Sharma is a renowned business leader with expertise in financial oversight, audit, and risk management, having served as Managing Partner at RNB Strategic Advisors and Senior Partner at Ernst & Young. Her appointment aims to enhance ATI's governance and accelerate its transformation into an aerospace and defense leader. Sharma holds a Bachelor of Arts in Economics and is a Fellow Chartered Accountant. ATI, valued at $3.8 billion, specializes in high-performance materials for aerospace, defense, and other critical applications.

ATI reported Q4 2022 sales of $1.01 billion, a 32% increase from Q4 2021, with a net income of $76.9 million or $0.53 per share. Full year 2022 sales reached $3.84 billion, up 37%, and net income was $130.9 million or $0.96 per share. Aerospace and defense sales represented 53% of Q4 sales, a significant rise from 41% in the same quarter last year. Adjusted EBITDA for Q4 was $140.1 million, 13.9% of sales, reflecting a 48% year-over-year increase. The company remains optimistic about future growth opportunities, especially in aerospace.

ATI (NYSE: ATI) announced a conference call scheduled for February 2, 2023, at 10:30 a.m. ET to discuss its fourth quarter 2022 financial results. The call will be accessible via live internet streaming and will be accompanied by presentation slides available on ATImaterials.com. A replay of the call will also be provided on the same website. As a global producer of high-performance materials, ATI focuses on aerospace, defense, electronics, medical, and specialty energy markets, emphasizing innovation and materials science solutions.

ATI Inc. (NYSE: ATI) has appointed Jimmy Williams, Jr. as Senior Vice President and Chief Technology Officer, a newly created role aimed at enhancing the company's technology and aligning it with its business strategy. Williams brings over 20 years of experience in technology and innovation, previously serving at Carnegie Mellon University and Pall Corporation. His leadership is expected to bolster ATI's competitive edge in adopting emerging technologies and improving existing products. ATI focuses on delivering high-performance materials in aerospace, defense, and other critical sectors.

ATI reported third quarter 2022 results with sales of $1.03 billion, an 8% increase from Q2 2022 and 42% from Q3 2021. Net income was $61.1 million or $0.42 per share, impacted by a $19.9 million litigation charge. Adjusted net income reached $77.4 million with an adjusted EPS of $0.53. The High Performance Materials & Components segment saw a 16% increase in sales from Q2, while Advanced Alloys & Solutions reported 2% growth. ATI emphasized strong demand in aerospace and defense markets, projecting ongoing strength for future growth.

ATI (NYSE: ATI) announced a time change for its upcoming conference call scheduled for November 2, 2022. The call will now start at 2:30 p.m. ET, following the announcement of financial results earlier that day before the market opens. The call and presentation slides will be accessible via ATImaterials.com. ATI specializes in high-performance materials for aerospace, defense, electronics, medical, and specialty energy sectors, addressing complex challenges through innovation.

ATI (NYSE: ATI) announced a live Internet listening access for its upcoming conference call scheduled for November 2, 2022, at 10:30 a.m. ET. This call will follow the release of the company's third quarter financial results. Interested participants can access the call and presentation slides via ATImaterials.com. ATI is recognized as a global producer of high-performance materials catering to aerospace, defense, electronics, medical, and specialty energy sectors, emphasizing innovation and partnerships to tackle complex challenges.

ATI Inc. (NYSE: ATI) has appointed Tina Busch as Senior Vice President and Chief Human Resources Officer as of October 10, 2022. Busch will focus on key talent strategies including engagement, leadership development, diversity, equity, and inclusion. Reporting to Robert S. Wetherbee, Chair and CEO, she aims to foster a performance-driven culture. Previously at Honeywell, she has extensive experience in HR leadership across major companies like Kimberly-Clark. ATI is a $3 billion global leader in high-performance materials for aerospace and defense.

ATI Inc. (NYSE: ATI) has announced that Tom Wright will take over as interim head of investor relations, succeeding Scott Minder, who has left the company for a CFO role elsewhere. Wright, who joined ATI earlier this year, will continue to report to Don Newman, CFO. The company is currently searching for a permanent leader for investor relations. ATI is a global producer of high-performance materials, focusing on aerospace, defense, electronics, and medical applications, with a market capitalization of approximately $3 billion.