ATI Q1 2024 beats adjusted EPS at $0.48; aero/def sales up 7% YoY to $616M

ATI INC

2024-Q1 EPS reported $0.46 revenue$1,042,900,000

Q1 sales $1.04B, net income $66.1M ($0.46 EPS); adjusted EPS $0.48, adjusted EBITDA $151M (14.5% of sales).
Aerospace & defense sales $616M (+7% YoY); HPMC segment sales $529.9M (+13% YoY).
Completed $150M share repurchase in Q1; cash $394M, no ABL borrowings, no debt maturities until 2025.
AA&S segment sales $513M (+7% sequentially) but down 10% YoY due to weak general industrial demand.
Outlook reaffirms 2024/2025 financial targets and long-term goal of >$5B revenue and >$1B adjusted EBITDA by 2027.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ATI INC reported first quarter 2024 results: revenue $1.04 billion, net income $66.1 million, EPS $0.46 per share.

Period: first quarter 2024
Revenue: $1.04 billion
Net income: $66.1 million
EPS: $0.46 per share
Result: reported results

Exact text from the filing

ATI Inc. (NYSE: ATI) reported first quarter 2024 results, with sales of $1.04 billion and net income attributable to ATI of $66.1 million, or $0.46 per share.

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Source: SEC EDGAR

accession 0001628280-24-019185

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