---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015453"
form_type: "8-K"
ticker: "ATI"
cik: "0001018963"
company_name: "ATI INC"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T19:18:59.900451+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ATI Q1 2023 sales up 25% YoY to $1.04B; net income $70.1M; board authorizes $75M buyback

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-015453
- form_type: 8-K
- ticker: ATI
- cik: 0001018963
- company_name: ATI INC
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1018963/000162828023015453/0001628280-23-015453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1018963/000162828023015453/ati-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015453
- JSON: https://secwatch.observer/filing/0001628280-23-015453.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015453.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.