secwatch.observer — SEC 8-K summary
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Issuer:     ATI INC (ATI)
CIK:        0001018963
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001628280-24-044003
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ATI Q3 sales $1.05B, adj EPS $0.60; cuts FY2024 guidance on aerospace uncertainty
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- Q3 net income $82.7M ($0.57 diluted EPS); adjusted EPS $0.60; sales +2% YoY to $1.05B.
- HPMC segment EBITDA margin 22.3% (+210bps QoQ) on next-gen jet engine growth.
- AA&S segment EBITDA margin 14.8% (-160bps QoQ) on lower titanium/exotic alloy deliveries.
- FY2024 guidance cut: adjusted EBITDA now $700-710M (was $720-750M); adj EPS $2.24-2.30 (was $2.40-2.60).
- Redeemed $291.4M convertible notes; Board authorized $700M share repurchase; $660M remaining.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1018963/000162828024044003/0001628280-24-044003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1018963/000162828024044003/ati-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-044003

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