ATI Q3 net income $75.7M ($0.52 EPS); adjusted EPS $0.55; A&D sales 61% of revenue.

ATI INC

2024-Q3 EPS reported $1.82 revenue$3,109,700,000

Revenue $1.03B, net income $75.7M ($0.52 EPS); adjusted EPS $0.55, adjusted EBITDA $148.1M (14.4% of sales).
Aerospace & defense sales 61% of total revenue, up from 51% YoY; HPMC sales up 18% YoY to $539.5M.
Issued $425M of 7.25% notes due 2030; used $222M for pension; transferred ~85% of pension obligations via annuity.
Repurchased $45M of stock in Q3 at avg $43.93; $30M remaining under authorization.
Expects sequential and YoY earnings growth in Q4 led by HPMC; cash from ops expected positive.

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 1.0

ATI INC reported third quarter 2023 results: revenue $1.03 billion, net income $75.7 million, EPS $0.52 per share.

Period: third quarter 2023
Revenue: $1.03 billion
Net income: $75.7 million
EPS: $0.52 per share
Result: reported results

Exact text from the filing

Q3 2023 sales of $1.03 billion ◦ Q3 2023 net income attributable to ATI of $75.7 million, or $0.52 per share

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Source: SEC EDGAR

accession 0001628280-23-036216

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