ATI Stock Recent News

ATI's second-quarter earnings beat estimates, but sales lag the same amid aerospace and defense growth.

While the top- and bottom-line numbers for Allegheny Technologies (ATI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Allegheny Technologies (ATI) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.59 per share a year ago.

Strong performance in Aerospace & Defense propels sequential growth Q2 2024 sales of $1.1 billion, up 5% from Q1 2024 Q2 2024 net income attributable to ATI of $81.9 million, or $0.58 per share, up 26% from Q1 2024 Aerospace & defense represent 62% of Q2 2024 sales, up from 59% of Q1 2024 sales Non-GAAP Information* Q2 adjusted net income attributable to ATI of $86.0 million or $0.60 per share Q2 2024 ATI adjusted EBITDA of $182.6 million, or 16.7% of sales DALLAS , Aug. 6, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) reported second quarter 2024 results, with sales of $1.10 billion and net income attributable to ATI of $81.9 million, or $0.58 per share.    Sequential Y-O-Y ($ in millions except per share amounts) Q2 2024 Q1 2024 Change Q2 2023 Change Sales $1,095.3 $1,042.9 5 % $1,046.0 5 % Net income attributable to ATI $81.9 $66.1 24 % $90.4 (9) % Earnings per share $0.58 $0.46 26 % $0.62 (6) % Non-GAAP information* Adjusted net income attributable to ATI* $86.0 $68.4 26 %

Beyond analysts' top -and-bottom-line estimates for Allegheny Technologies (ATI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

Allegheny Technologies (ATI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

In the latest trading session, Allegheny Technologies (ATI) closed at $64.86, marking a -1.04% move from the previous day.

Allegheny Technologies (ATI) concluded the recent trading session at $65.54, signifying a +1.96% move from its prior day's close.

BOLINGBROOK, Ill. , July 26, 2024 /PRNewswire/ -- ATI Physical Therapy, Inc. – ("ATI" or the "Company") (NYSE: ATIP), a nationally recognized outpatient physical therapy provider in the United States, today announced that it will release second quarter 2024 financial results on Monday, August 5, 2024, after the market closes.

$2.2 billion to be delivered by 2030 FARNBOROUGH, England , July 23, 2024 /PRNewswire/ -- At the Farnborough International Airshow, ATI Inc. (NYSE: ATI) is celebrating its aerospace leadership by announcing $4 billion in new sales commitments through 2040. The majority of the additional revenue – approximately $2.2 billion – will be delivered in the balance of this decade.