---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-026573"
form_type: "8-K"
ticker: "ATI"
cik: "0001018963"
company_name: "ATI INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T10:58:50.504800+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-026573
- form_type: 8-K
- ticker: ATI
- cik: 0001018963
- company_name: ATI INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1018963/000162828023026573/0001628280-23-026573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1018963/000162828023026573/ati-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-026573
- JSON: https://secwatch.observer/filing/0001628280-23-026573.json
- Plain text: https://secwatch.observer/filing/0001628280-23-026573.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1018963/000162828023026573/0001628280-23-026573-index.htm

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