earnings
confidence high
sentiment positive
materiality 0.75
ATI Q1 2023 sales up 25% YoY to $1.04B; net income $70.1M; board authorizes $75M buyback
ATI INC
2023-FY EPS reported
$0.58
revenue$1,038,100,000
- Sales $1.04B, up 25% YoY; net income $70.1M ($0.48 EPS) vs $30.9M ($0.23 EPS) YoY.
- Adjusted EPS $0.49; adjusted EBITDA $132.7M (12.8% of sales). A&D sales now 56% of total.
- HPMC segment sales up 38% YoY; AA&S up 15% YoY. Commercial aerospace in AA&S up >70% YoY.
- Board approved new $75M stock repurchase program; prior $150M plan fully utilized in Q1.
- Cash used in operations $285.2M; capex $60.4M. No significant debt maturities until 2025.