Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates in two segments, High Performance Materials & Components and Advanced Alloys & Solutions. The company produces high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts to the aerospace and defense, medical, oil and gas, and electrical energy markets. It also provides stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys in various product forms, including plate, sheet, and precision rolled strip products to various markets, such as chemical and hydrocarbon processing,. Allegheny Technologies Incorporated was founded in 1960 and is based in Pittsburgh, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: atimetals.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/23/2025 | $55.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 10/24/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 9/5/2024 | $75.00 | Positive | Susquehanna |
| 6/26/2024 | $70.00 | Buy | BTIG Research |
| 6/14/2024 | Neutral → Sell | Northcoast | |
| 4/11/2024 | $70.00 | Buy | Deutsche Bank |
| 7/20/2023 | $54.00 | Buy | Northcoast |
| 8/5/2022 | $33.00 | Peer Perform → Outperform | Wolfe Research |
| 2/18/2022 | $26.00 → $30.00 | Buy | Benchmark |
| 2/18/2022 | $26.00 → $28.00 | Overweight | Keybanc |
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SCHEDULE 13G/A - ATI INC (0001018963) (Subject)
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NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P
Robert S. Wetherbee becomes Executive Chairman DALLAS, July 1, 2024 /PRNewswire/ -- Kimberly A. Fields today became President and CEO of ATI Inc. (NYSE:ATI). In a planned leadership transition, she succeeds Robert S. "Bob" Wetherbee, who becomes Executive Chairman. Fields served as ATI's Chief Operating Officer since 2022, becoming President in July 2023. During Kim's tenure, ATI has grown as one integrated operation, sharpening its operational advantages, increasing capacity and capability for the extraordinary materials customers value most. "I'm honored to lead this fantas
Strong year-over-year sales growth driven by aerospace & defense Aerospace and defense sales of $754 million, representing 66% of Q1 2025 sales Agreement with USW for Specialty Rolled Products employees ratified First Quarter 2025 GAAP Financial Results Sales of $1.14 billion, up 10% year-over-year, driven by a 23% aerospace & defense increaseNet income attributable to ATI of $97 million, up 47% year-over-yearEarnings per share of $0.67 compared to $0.46 per share in the first quarter 2024First Quarter 2025 Non-GAAP Financial Information* Adjusted net income attributable to ATI* of $104 million, up 53% year-over-yearAdjusted earnings per share* of $0.72, compared to $0.48 per share in th
DALLAS, April 4, 2025 /PRNewswire/ -- ATI (NYSE:ATI) has scheduled the live webcast for its first quarter 2025 earnings conference call on Thursday, May 1, 2025, at 7:30 a.m. CT (8:30 a.m. ET). First quarter 2025 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET). The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." Conference call replay will be available on ATImaterials.com. ATI: Proven to Perform.AT
Full year 2024 sales of $4.4 billion represents ATI's highest total since 2012 Q4 2024 sales of $1.2 billion, up 10% over Q4 2023; full year 2024 sales of $4.4 billion, up 5% over full year 2023Q4 2024 net income attributable to ATI of $137 million, or $0.94 per share; full year 2024 net income attributable to ATI of $368 million, or $2.55 per shareAerospace and defense represent 65% of Q4 2024 sales, up from 62% of Q3 2024 sales and 63% of Q4 2023 salesFull year 2024 operating cash flow of $407 million, up from $86 million for full year 2023Non-GAAP Information*Q4 2024 adjusted net income attributable to ATI of $115 million, or $0.79 per shareQ4 2024 ATI adjusted EBITDA of $210 million, or
DALLAS, Jan. 6, 2025 /PRNewswire/ -- ATI (NYSE: ATI) has scheduled the live webcast for its fourth quarter and full year 2024 earnings conference call on Tuesday, February 4, 2025, at 7:30 a.m. CT (8:30 a.m. ET). Fourth quarter and full year 2024 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET). The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." Conference call replay will be available on ATImateri
Ninth consecutive quarter with sales in excess of $1 billion Q3 2024 sales of $1.05 billionQ3 2024 net income attributable to ATI of $82.7 million, or $0.57 per shareAerospace & defense represent 62% of Q3 2024 salesFull year 2024 guidance updated Non-GAAP Information*Q3 adjusted net income attributable to ATI of $85.9 million, or $0.60 per shareQ3 2024 ATI adjusted EBITDA of $185.7 million, or 17.7% of sales, up 100 basis points sequentiallyDALLAS, Oct. 29, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) reported third quarter 2024 results, with sales of $1.05 billion and net income attributable to ATI of $82.7 million, or $0.57 per share.
DALLAS, Oct. 1, 2024 /PRNewswire/ -- ATI (NYSE: ATI) has scheduled the live webcast for its third quarter 2024 earnings conference call on Tuesday, October 29, 2024, at 7:30 a.m. CT (8:30 a.m. ET). Third quarter 2024 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET). The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." The conference call replay will be available on ATImaterials.com. ATI: Proven to Pe
Strong performance in Aerospace & Defense propels sequential growth Q2 2024 sales of $1.1 billion, up 5% from Q1 2024Q2 2024 net income attributable to ATI of $81.9 million, or $0.58 per share, up 26% from Q1 2024Aerospace & defense represent 62% of Q2 2024 sales, up from 59% of Q1 2024 salesNon-GAAP Information*Q2 adjusted net income attributable to ATI of $86.0 million or $0.60 per shareQ2 2024 ATI adjusted EBITDA of $182.6 million, or 16.7% of salesDALLAS, Aug. 6, 2024 /PRNewswire/ -- ATI Inc. (NYSE:ATI) reported second quarter 2024 results, with sales of $1.10 billion and net income attributable to ATI of $81.9 million, or $0.58 per share.
DALLAS, July 2, 2024 /PRNewswire/ -- ATI (NYSE:ATI) has scheduled the live webcast for its second quarter 2024 earnings conference call on Tuesday, August 6, 2024, at 7:30 a.m. CT (8:30 a.m. ET). Second quarter 2024 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET). The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." Conference call replay will be available on ATImaterials.com. ATI: Proven to Perform
Continued strong year-over-year revenue growth in aerospace and defense Q1 2024 sales of $1.04 billion, up modestly from Q1 2023Q1 2024 net income attributable to ATI of $66.1 million, or $0.46 per shareAerospace and defense represent $616 million of Q1 2024 sales, up from $576 million of Q1 2023 salesNon-GAAP Information*Q1 adjusted net income attributable to ATI of $68.4 million or $0.48 per shareQ1 2024 ATI adjusted EBITDA of $151 million, or 14.5% of salesDALLAS, April 30, 2024 /PRNewswire/ -- ATI Inc. (NYSE:ATI) reported first quarter 2024 results, with sales of $1.04 billion and net income attributable to ATI of $66.1 million, or $0.46 per share.
DALLAS, April 2, 2024 /PRNewswire/ -- ATI (NYSE:ATI) has scheduled the live webcast for its first quarter 2024 earnings conference call on Tuesday, April 30, 2024, at 7:30 a.m. CT (8:30 a.m. ET). First quarter 2024 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET). The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." Conference call replay will be available on ATImaterials.com. ATI: Proven to Perform.
KeyBanc Capital Markets upgraded ATI Inc. from Sector Weight to Overweight and set a new price target of $55.00
KeyBanc Capital Markets downgraded ATI Inc. from Overweight to Sector Weight
Susquehanna initiated coverage of ATI Inc. with a rating of Positive and set a new price target of $75.00
BTIG Research initiated coverage of ATI Inc. with a rating of Buy and set a new price target of $70.00
Northcoast downgraded ATI Inc. from Neutral to Sell
Deutsche Bank initiated coverage of ATI Inc. with a rating of Buy and set a new price target of $70.00
Northcoast initiated coverage of Allegheny Tech with a rating of Buy and set a new price target of $54.00
Wolfe Research upgraded Allegheny Tech from Peer Perform to Outperform and set a new price target of $33.00
Benchmark reiterated coverage of Allegheny Technologies with a rating of Buy and set a new price target of $30.00 from $26.00 previously
Keybanc reiterated coverage of Allegheny Technologies with a rating of Overweight and set a new price target of $28.00 from $26.00 previously
DALLAS, May 1, 2025 /PRNewswire/ -- ATI Inc. (NYSE:ATI) announces that effective May 1, 2025, its Global Industry Classification Standard (GICS) code has been reclassified to Aerospace and Defense, providing further recognition of the Company's transformation into a world-class A&D supplier. Previously, ATI was categorized as Metals and Mining under the standardized industry classification system administered by S&P Dow Jones Indices and MSCI. "This reclassification reaffirms ATI's continued transformation in aerospace and defense leadership," said Don Newman, Executive Vice P
Strong year-over-year sales growth driven by aerospace & defense Aerospace and defense sales of $754 million, representing 66% of Q1 2025 sales Agreement with USW for Specialty Rolled Products employees ratified First Quarter 2025 GAAP Financial Results Sales of $1.14 billion, up 10% year-over-year, driven by a 23% aerospace & defense increaseNet income attributable to ATI of $97 million, up 47% year-over-yearEarnings per share of $0.67 compared to $0.46 per share in the first quarter 2024First Quarter 2025 Non-GAAP Financial Information* Adjusted net income attributable to ATI* of $104 million, up 53% year-over-yearAdjusted earnings per share* of $0.72, compared to $0.48 per share in th
DALLAS, April 23, 2025 /PRNewswire/ -- ATI Inc. (NYSE:ATI) announced its employees have ratified a new six-year labor agreement with the United Steelworkers (USW). "We are pleased to have reached agreement with the USW for our Specialty Rolled Products employees at our Western Pennsylvania and Lockport, New York, facilities," said Kimberly A. Fields, ATI President and CEO. The new agreement delivers a competitive wage and benefit package to nearly 1,000 represented employees, covering a six-year term through February 28, 2031. "This contract drives stability and consistency
DALLAS, April 4, 2025 /PRNewswire/ -- ATI (NYSE:ATI) has scheduled the live webcast for its first quarter 2025 earnings conference call on Thursday, May 1, 2025, at 7:30 a.m. CT (8:30 a.m. ET). First quarter 2025 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET). The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." Conference call replay will be available on ATImaterials.com. ATI: Proven to Perform.AT
DALLAS, March 11, 2025 /PRNewswire/ -- ATI Inc. (NYSE:ATI) is disappointed to learn that one of two ratification votes for a labor agreement was unsuccessful. ATI's Specialty Rolled Products employees in Western Pennsylvania and Lockport, New York, and the United Steelworkers (USW) failed to ratify a successor labor agreement. ATI and the USW have agreed to extend the expired agreement through April 30, 2025, while negotiations continue. In the coming days, negotiations will reconvene toward reaching an agreement that keeps ATI on the path of stability and consistency, enabling us to continue operating and rewarding our team.
NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P
DALLAS, March 5, 2025 /PRNewswire/ -- ATI Inc. (NYSE:ATI) Executive Vice President and Chief Financial Officer Don Newman will speak at the 2025 JP Morgan Industrials Conference on March 12, 2025 at 3:10 p.m. ET. The link to the fireside chat is available at the News & Events section of www.ATImaterials.com/investors. An audio replay and full transcript of the event will be available following the presentation. ATI: Proven to Perform.ATI (NYSE:ATI) is a producer of high performance materials and solutions for the global aerospace and defense markets, and critical applications
DALLAS, Feb. 28, 2025 /PRNewswire/ -- ATI Inc. (NYSE:ATI) announced that a tentative agreement has been reached with the leadership of the United Steelworkers (USW) on a new six-year Master Contract. This tentative agreement will be presented to the USW general membership for respective ratification votes. The previous contract was set to expire at 11:59 p.m. on Friday, February 28, 2025; employees have been advised to continue working without interruption. "The efforts of both parties have resulted in a tentative agreement that rewards our hard-working employees and contrib
World-class facility includes industry's largest format, most advanced capabilities MARGATE, Fla., Feb. 13, 2025 /PRNewswire/ -- ATI Inc. (NYSE:ATI) celebrated the commissioning of its world-class Additive Manufacturing Products facility, bringing on-line the most advanced large-format, metal additive manufacturing capabilities in the industry. The vertically integrated greenfield build includes design, printing, heat treating, machining and inspection capabilities under one roof. "Layer by layer, additive manufacturing gives us the ability to produce high-performance, highly
Full year 2024 sales of $4.4 billion represents ATI's highest total since 2012 Q4 2024 sales of $1.2 billion, up 10% over Q4 2023; full year 2024 sales of $4.4 billion, up 5% over full year 2023Q4 2024 net income attributable to ATI of $137 million, or $0.94 per share; full year 2024 net income attributable to ATI of $368 million, or $2.55 per shareAerospace and defense represent 65% of Q4 2024 sales, up from 62% of Q3 2024 sales and 63% of Q4 2023 salesFull year 2024 operating cash flow of $407 million, up from $86 million for full year 2023Non-GAAP Information*Q4 2024 adjusted net income attributable to ATI of $115 million, or $0.79 per shareQ4 2024 ATI adjusted EBITDA of $210 million, or