ATI Q2 sales $1.05B, adj EPS $0.59; A&D mix reaches 58% of revenue

ATI INC

2024-Q2 EPS reported $1.20 revenue$2,084,100,000

Q2 sales $1.05B (+9% YoY); net income $76M ($0.52 EPS) vs loss of $38M in Q2 2022.
Adjusted EPS $0.59 (+9% YoY); adjusted EBITDA $149.8M (14.3% of sales), up 150 bps margin YoY.
Aerospace & defense sales 58% of revenue (up from 46% YoY); HPMC EBITDA margin 20.5% vs 17% Q1.
AA&S sales $518.9M (-9% QoQ) on industrial softness; strategic nickel purchase drove working capital to 39% of sales.
Cash $267M; $500M ABL availability; no debt maturities until 2025; Board authorized $75M share repurchase.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

ATI INC reported second quarter 2023 results: revenue $1.05 billion, net income $76.0 million, EPS $0.52 per share.

Period: second quarter 2023
Revenue: $1.05 billion
Net income: $76.0 million
EPS: $0.52 per share
Result: reported results

Exact text from the filing

ATI Inc. (NYSE: ATI) reported second quarter 2023 results, with sales of $1.05 billion and net income attributable to ATI of $76.0 million, or $0.52 per share.

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Source: SEC EDGAR

accession 0001628280-23-026573

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