earnings
confidence high
sentiment positive
materiality 0.75
ATI Q3 sales $1.03B +42% YoY; adj. EPS $0.53; HPMC EBITDA margin 18.8%
ATI INC
2023-FY EPS reported
$0.53
revenue$1,032,000,000
- Net income $61.1M (EPS $0.42) includes $19.9M litigation settlement; adjusted net income $77.4M (adj. EPS $0.53).
- HPMC sales $457.6M (+16% QoQ, +53% YoY) driven by commercial aerospace; segment EBITDA $85.8M (18.8% of sales).
- AA&S sales $574.4M (+2% QoQ, +35% YoY); segment EBITDA $75.8M (13.2%) impacted by planned maintenance and raw material surcharges.
- Cash from operations $123M in Q3; cash on hand $329M; ABL amended and extended with $100M capacity increase.
- Aerospace & defense demand remains strong; management cites transformation reducing volatility.