earnings
confidence high
sentiment positive
materiality 0.70
ATI Q2 2022 sales $959.5M (+15% QoQ); adj EPS $0.54 vs $(0.12) prior year
ATI INC
2023-FY EPS reported
$0.05
revenue$959,500,000
- Net loss $38.0M ($0.31/sh) includes $115.9M non-cash loss on sale of Sheffield, UK.
- Adjusted net income $76.7M, adjusted EPS $0.54; ATI Adjusted EBITDA $143.1M (15% of sales).
- Segment: HPMC sales $396.1M (+16% QoQ), EBITDA $60.3M; AA&S sales $563.4M (+14% QoQ), EBITDA $104.6M.
- Cash on hand $274M, available ABL liquidity $456M; $84.2M convertible notes matured with 5.7M shares issued.
- Outlook expects profitable revenue growth in Q3, offsetting seasonal volumes and maintenance outages.