secwatch.observer — SEC 8-K summary
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Issuer:     ATI INC (ATI)
CIK:        0001018963
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001628280-23-026573
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1018963/000162828023026573/0001628280-23-026573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1018963/000162828023026573/ati-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-026573

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