ATI Inc.
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DALLAS, May 1, 2025 /PRNewswire/ -- ATI Inc. (NYSE: ATI) announces that effective May 1, 2025, its Global Industry Classification Standard (GICS) code has been reclassified to Aerospace and Defense, providing further recognition of the Company's transformation into a world-class A&D supplier. Previously, ATI was categorized as Metals and Mining under the standardized industry classification system administered by S&P Dow Jones Indices and MSCI.
Strong year-over-year sales growth driven by aerospace & defense
Aerospace and defense sales of $754 million, representing 66% of Q1 2025 sales
Agreement with USW for Specialty Rolled Products employees ratified
First Quarter 2025 GAAP Financial Results
Sales of $1.14 billion, up 10% year-over-year, driven by a 23% aerospace & defense increaseNet income attributable to ATI of $97 million, up 47% year-over-yearEarnings per share of $0.67 compared to $0.46 per share in the first quarter 2024First Quarter 2025 Non-GAAP Financial Information*
DALLAS, April 23, 2025 /PRNewswire/ -- ATI Inc. (NYSE: ATI) announced its employees have ratified a new six-year labor agreement with the United Steelworkers (USW).
"We are pleased to have reached agreement with the USW for our Specialty Rolled Products employees at our Western Pennsylvania and Lockport, New York, facilities," said Kimberly A. Fields, ATI President and CEO.
The new agreement delivers a competitive wage and benefit package to nearly 1,000 represented employees, covering a six-year term through February 28, 2031. "This contract drives stability and consistency, enabling us to work together to serve our customers and reward our team," said Fields.
DALLAS, April 4, 2025 /PRNewswire/ -- ATI (NYSE: ATI) has scheduled the live webcast for its first quarter 2025 earnings conference call on Thursday, May 1, 2025, at 7:30 a.m. CT (8:30 a.m. ET). First quarter 2025 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET).
The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." Conference call replay will be available on ATImaterials.com.
DALLAS, March 11, 2025 /PRNewswire/ -- ATI Inc. (NYSE: ATI) is disappointed to learn that one of two ratification votes for a labor agreement was unsuccessful. ATI's Specialty Rolled Products employees in Western Pennsylvania and Lockport, New York, and the United Steelworkers (USW) failed to ratify a successor labor agreement. ATI and the USW have agreed to extend the expired agreement through April 30, 2025, while negotiations continue. In the coming days, negotiations will reconvene toward reaching an agreement that keeps ATI on the path of stability and consistency, enabling us to continue operating and rewarding our team.
DALLAS, March 5, 2025 /PRNewswire/ -- ATI Inc. (NYSE: ATI) Executive Vice President and Chief Financial Officer Don Newman will speak at the 2025 JP Morgan Industrials Conference on March 12, 2025 at 3:10 p.m. ET.
The link to the fireside chat is available at the News & Events section of www.ATImaterials.com/investors. An audio replay and full transcript of the event will be available following the presentation.
DALLAS, Feb. 28, 2025 /PRNewswire/ -- ATI Inc. (NYSE: ATI) announced that a tentative agreement has been reached with the leadership of the United Steelworkers (USW) on a new six-year Master Contract.
This tentative agreement will be presented to the USW general membership for respective ratification votes. The previous contract was set to expire at 11:59 p.m. on Friday, February 28, 2025; employees have been advised to continue working without interruption.
World-class facility includes industry's largest format, most advanced capabilities
MARGATE, Fla., Feb. 13, 2025 /PRNewswire/ -- ATI Inc. (NYSE: ATI) celebrated the commissioning of its world-class Additive Manufacturing Products facility, bringing on-line the most advanced large-format, metal additive manufacturing capabilities in the industry. The vertically integrated greenfield build includes design, printing, heat treating, machining and inspection capabilities under one roof.
Full year 2024 sales of $4.4 billion represents ATI's highest total since 2012
Q4 2024 sales of $1.2 billion, up 10% over Q4 2023; full year 2024 sales of $4.4 billion, up 5% over full year 2023Q4 2024 net income attributable to ATI of $137 million, or $0.94 per share; full year 2024 net income attributable to ATI of $368 million, or $2.55 per shareAerospace and defense represent 65% of Q4 2024 sales, up from 62% of Q3 2024 sales and 63% of Q4 2023 salesFull year 2024 operating cash flow of $407 million, up from $86 million for full year 2023Non-GAAP Information*Q4 2024 adjusted net income attributable to ATI of $115 million, or $0.79 per shareQ4 2024 ATI adjusted EBITDA of $210 million, or 17.9% of salesFull year 2024 Free Cash Flow of $248 million, up 50% over full year 2023
DALLAS, Jan. 6, 2025 /PRNewswire/ -- ATI (NYSE: ATI) has scheduled the live webcast for its fourth quarter and full year 2024 earnings conference call on Tuesday, February 4, 2025, at 7:30 a.m. CT (8:30 a.m. ET). Fourth quarter and full year 2024 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET).
The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." Conference call replay will be available on ATImaterials.com.
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