secwatch.observer — SEC 8-K summary
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Issuer:     ATI INC (ATI)
CIK:        0001018963
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001628280-22-020867
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ATI Q2 2022 sales $959.5M (+15% QoQ); adj EPS $0.54 vs $(0.12) prior year
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1018963/000162828022020867/0001628280-22-020867-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1018963/000162828022020867/ati-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-020867

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