Welcome to our dedicated page for Allegheny Tech news (Ticker: ATI), a resource for investors and traders seeking the latest updates and insights on Allegheny Tech stock.
ATI Inc. (NYSE: ATI) generates frequent news as a producer of high-performance materials and solutions for the global aerospace and defense markets and for critical applications in electronics, medical and specialty energy. News about ATI often reflects its role supplying specialty metals, advanced alloys, parts and components for performance-critical uses.
Investors and industry followers can expect ATI news coverage to include quarterly and annual earnings results, segment performance for its High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S) businesses, and updates on demand trends in aerospace and defense and other end markets. Earnings releases typically discuss sales, profitability metrics and the mix of aerospace and defense versus other applications.
ATI news also highlights corporate developments such as leadership changes, board appointments and capital allocation decisions. Recent disclosures have included appointments to senior finance roles, planned executive retirements and the addition of experienced aerospace leaders to the board of directors. These items provide context on how ATI manages its organization and governance as it focuses on high-performance materials.
Another recurring theme in ATI-related news is long-term customer relationships and contracts in aerospace and defense. Public announcements have described extended and expanded titanium supply agreements and divestitures of non-core operations, illustrating how ATI shapes its portfolio around high-performance materials and solutions.
This news page aggregates such items so readers can follow ATI’s financial reporting, strategic actions, governance updates and major customer agreements in one place. For anyone tracking aerospace and defense supply chains or specialty materials manufacturers, ATI news offers insight into how a high-performance materials producer responds to market demand and manages its business mix.
Allegheny Technologies Incorporated (NYSE: ATI) will host a live conference call on May 4, 2022, at 10:30 a.m. ET, following its first quarter results release. Investors can access the call via ATImetals.com, where presentation slides will also be available. A replay of the call will be accessible on the website. ATI is a $3 billion global producer specializing in high-performance materials for aerospace, defense, electronics, and other critical sectors, focusing on innovative solutions to meet complex challenges.
ATI (NYSE: ATI) has announced the termination of its joint venture, Uniti, LLC, with Russian company VSMPO-AVISMA. This partnership focused on marketing commercially pure titanium products primarily for industrial markets, excluding aerospace, defense, and medical sectors. The winding-up of the joint venture is expected to be completed by the end of 2022. Kevin Kramer, ATI's Chief Commercial & Marketing Officer, expressed gratitude towards the nearly 20-year collaboration with VSMPO-AVISMA.
Allegheny Technologies Incorporated (NYSE: ATI) held an investor event on February 17, 2022, outlining its strategic goals and long-term financial targets. The company anticipates revenue growth surpassing key market rates, with adjusted EBITDA margins expanding due to a recovering market and improved product mix. ATI expects to achieve revenue growth of 9% to 11% annually through 2025, with free cash flow conversion above 90% from adjusted net income. Leadership aims to enhance shareholder value through increased cash conversion and return on invested capital.
Allegheny Technologies Incorporated (NYSE: ATI) has authorized a stock repurchase program worth $150 million. The repurchases will be made in the open market or through privately negotiated transactions, depending on market conditions. This program reflects the company's confidence in its future financial performance, according to CFO Don P. Newman. The initiative is part of a balanced capital allocation strategy aimed at funding growth and enhancing shareholder returns.
Allegheny Technologies (NYSE: ATI) reported Q4 2021 results with sales of $765.4 million but a net loss of $29.8 million, or $(0.23) per share. Adjusted earnings per share rose to $0.25 with an adjusted EBITDA of $94.7 million, representing 12.4% of sales. The High Performance Materials segment saw a 5% sales increase from Q3 2021, while the Advanced Alloys & Solutions segment sales increased by 6% sequentially. The company anticipates strong revenue growth in Q1 2022 due to ongoing aerospace market recovery and transformation initiatives.
Allegheny Technologies (NYSE: ATI) will hold a virtual Investor Day on February 17, 2022, from 10:00 AM to 1:00 PM ET. The event will cover ATI's strategy, markets, operations, and long-term financial outlook, followed by a Q&A session. Key presentations will be delivered by executives, including Bob Wetherbee (CEO) and Don Newman (CFO). Investors can access the live webcast and replay on the ATI Investor Relations website. ATI focuses on solving challenges through innovative materials science.
Allegheny Technologies Incorporated (NYSE: ATI) will host a live conference call on February 2, 2022, at 10:30 a.m. ET, to discuss its fourth quarter and full-year results. This call follows the company's financial results release and will be accessible via the company's website, ATImetals.com. Presentation slides will accompany the broadcast, which will also be available for replay afterwards.
Allegheny Technologies Incorporated (NYSE: ATI) reported Q3 2021 results, showing sales of $726 million and net income of $48.7 million, or $0.35 per share. Adjusted net income was $6.2 million, or $0.05 per share, down from a net loss of $49.2 million in Q2 2021. Key segments, High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S), reported operating recoveries post-strike. Despite challenges, including a $64.9 million pretax gain from medical benefits and positive EBITDA trends, the outlook remains cautious due to ongoing transformations.
Allegheny Technologies (NYSE: ATI) has appointed Kimberly A. Fields as Executive Vice President and Chief Operating Officer, effective January 1, 2022. Don Newman has also been promoted to Executive Vice President and Chief Financial Officer on the same date. Fields aims to enhance operational synergies and align business strategies, while Newman focuses on profitability and cash management. Both will report to Robert S. Wetherbee, ATI's President and CEO, and serve on the Executive Council.
Allegheny Technologies Incorporated (NYSE: ATI) will host a conference call on October 28, 2021, at 10:30 a.m. ET to discuss its third quarter 2021 results. The call will be accessible live via the company's website, ATImetals.com, where presentation materials will also be available. A replay of the call will be provided on the same site. ATI focuses on advanced materials science solutions, serving high-demand applications in various industries, including aerospace.