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Allegheny Technologies Inc (ATI.N)

ATI.N on New York Stock Exchange

28.55USD
18 May 2018
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Latest Key Developments (Source: Significant Developments)

Allegheny Technologies Inc Files For Potential Mixed Shelf Offering
Monday, 30 Apr 2018 

April 30 (Reuters) - Allegheny Technologies Inc ::ALLEGHENY TECHNOLOGIES INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED- SEC FILING.  Full Article

Allegheny Technologies Says Q1 Sales Rose 13 Pct To $979 Mln
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Allegheny Technologies Inc ::ATI ANNOUNCES FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.32 EXCLUDING ITEMS.Q1 EARNINGS PER SHARE $0.42.Q1 SALES ROSE 13 PERCENT TO $979 MILLION.QTRLY HIGH PERFORMANCE MATERIALS & COMPONENTS SALES OF $561 MILLION, INCREASED 8% VERSUS Q4 2017; UP 10% YEAR-OVER-YEAR.EXPECT CONTINUED YEAR-OVER-YEAR REVENUE GROWTH AND OPERATING MARGIN IMPROVEMENT IN HPMC SEGMENT IN 2018.QTRLY FLAT ROLLED PRODUCTS SALES OF $418 MILLION, 7% HIGHER SEQUENTIALLY; UP 18% VERSUS Q1 2017.QTRLY SALES TO AEROSPACE AND DEFENSE MARKETS WERE $462 MILLION AND REPRESENTED 47% OF ATI SALES."CONTINUE TO EXPECT HPMC SEGMENT MARGINS TO EXPAND BY APPROXIMATELY 200 BASIS POINTS VERSUS FULL YEAR 2017".CAPITAL EXPENDITURES FOR THE FIRST QUARTER 2018 WERE $42 MILLION.EXPECT TO GENERATE AT LEAST $150 MILLION OF FREE CASH FLOW IN 2018, EXCLUDING CONTRIBUTIONS TO THE ATI PENSION PLAN.AEROSPACE AND DEFENSE SALES IN Q1 2018 WERE $426.7 MILLION, 7% HIGHER THAN Q4 2017, AND REPRESENTED 76% OF TOTAL SEGMENT SALES.  Full Article

ATI Announces Q4 Earnings Per Share $0.01
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Allegheny Technologies Inc ::ATI ANNOUNCES FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.27 EXCLUDING ITEMS.Q4 SALES ROSE 14 PERCENT TO $909.9 MILLION.Q4 EARNINGS PER SHARE $0.01.‍EXPECT TITANIUM CASTINGS BUSINESS TO BE NEAR BREAK-EVEN FOR 2018, AND RETURN TO PROFITABILITY IN 2019​.‍COMPANY EXPECTS 2018 CONSOLIDATED CAPITAL EXPENDITURES TO RANGE BETWEEN $100 MILLION TO $125 MILLION​.‍LOOKING AHEAD TO 2018, EXPECT CONTINUED REVENUE GROWTH AND OPERATING MARGIN IMPROVEMENT IN HPMC SEGMENT​.ALLEGHENY TECHNOLOGIES- ‍EXPECT PRODUCTION RAMP-UP OF PLANNED ALLEGHENY & TSINGSHAN STAINLESS JV TO MEANINGFULLY BENEFIT SECOND HALF 2018 FRP RESULTS​.Q4 REVENUE VIEW $897.2 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

ATI ‍Signs Two New Long-Term Pricing Agreements With General Dynamics Land Systems​
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Allegheny Technologies Inc ::ATI ANNOUNCES NEW LONG-TERM AGREEMENTS WITH GENERAL DYNAMICS LAND SYSTEMS.ALLEGHENY TECHNOLOGIES INC - ‍SIGNED TWO NEW LONG-TERM PRICING AGREEMENTS WITH GENERAL DYNAMICS LAND SYSTEMS​.ALLEGHENY TECHNOLOGIES INC - SIGNED AGREEMENTS ‍TO BE PREFERRED SUPPLIER OF TITANIUM PLATE FOR ABRAMS TANK AND AJAX SPECIALIST VEHICLE​.ALLEGHENY TECHNOLOGIES INC - REVENUE FROM TWO NEW LONG-TERM PRICING AGREEMENTS WILL TOTAL ABOUT $75 MILLION COMBINED OVER CONTRACT PERIODS.ALLEGHENY TECHNOLOGIES INC - ABRAMS LTPA RUNS THROUGH 2019 WHILE AJAX LTPA RUNS THROUGH 2021.  Full Article

Allegheny Technologies ‍priced an underwritten offering of 17 mln common shares at $24 per share​
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - Allegheny Technologies Inc :Announces pricing of common stock offering.‍Priced an underwritten offering of 17 million shares of common stock at a public offering price of $24.00 per share​.‍Offering is expected to close on November 9, 2017.  Full Article

Allegheny Technologies announces common stock offering
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Allegheny Technologies Inc :Allegheny Technologies announces common stock offering.Allegheny Technologies Inc - ‍intends to offer 17 million shares of common stock in an underwritten registered public offering​.Allegheny Technologies Inc - ‍intends to use net proceeds from offering to fund a redemption of all of ati's outstanding 9.375% senior notes due 2019​.  Full Article

ATI and Tsingshan to form innovative stainless steel joint venture
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Allegheny Technologies Inc ::ATI And Tsingshan to form innovative stainless steel joint venture.Allegheny Technologies Inc - has reached a definitive agreement to form an innovative 50-50 JV with an affiliate company of Tsingshan Group.Allegheny Technologies Inc - ‍JV will manufacture and sell 60 inch-wide stainless sheet in North America; first shipments are expected in early 2018​.  Full Article

Allegheny Technologies Q3 sales rise 13 pct to $869.1 mln
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Allegheny Technologies Inc ::ATI announces third quarter 2017 results.Q3 loss per share $0.07 excluding items.Q3 loss per share $1.12.Q3 sales rose 13 percent to $869.1 million.Allegheny Technologies Inc - ‍looking ahead to 2018, we expect continued revenue growth and operating margin improvement in our hpmc segment​.Allegheny Technologies Inc says ‍q4 hpmc financial results to be modestly improved compared to q3 2017​.Allegheny Technologies Inc - ‍expect frp segment to be modestly profitable for q4 and for full year 2017​.Allegheny Technologies Inc - ‍"continue to expect capital expenditures to average approximately $100 million annually for next several years"​.Allegheny Technologies Inc - qtrly ‍aerospace and defense sales were $389.5 million, 2 pct lower than q2 2017​.Allegheny Technologies Inc - ‍compared to q2, qtrly commercial jet engine sales were 2 pct lower largely due to seasonal factors and product mix​.  Full Article

Allegheny Technologies sees Q3 2017 sales $865 mln to $875 mln
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Allegheny Technologies Inc ::Sees Q3 2017 sales $865 million to $875 million.Allegheny Technologies Inc - ‍excluding goodwill impairment charge, expect Q3 2017 results to be in line with outlook provided in july​.Allegheny Technologies Inc - ‍Q3 financial results and announced a non-cash net of tax charge of $114 million, or $1.05 per share​.Allegheny Technologies Inc - co ‍continue to expect FRP segment to be modestly profitable for full year 2017​.Allegheny Technologies Inc - ‍ATI's Q3 2017 sales are expected to be in range of $865 to $875 million​.Sees Q3 2017 loss per share $1.11 to $1.14.Q3 earnings per share view $0.07, revenue view $850.7 million -- Thomson Reuters I/B/E/S.Allegheny Technologies Inc - ‍excluding the charge, Q3 reported loss is anticipated in range of $0.06 to $0.09 per share​.Allegheny Technologies -sees Q3 2017 reported loss in range of $1.11 to $1.14 per share, including $1.05 loss per share charge for goodwill impairment​.  Full Article

WS Management Lllp reports 5 pct passive stake in Allegheny Technologies Inc, as of october 27, 2016
Friday, 4 Nov 2016 

WS Management Lllp :WS Management LLLP reports 5 pct passive stake in Allegheny Technologies Inc, as of October 27, 2016 - SEC Filing.  Full Article

BRIEF-Allegheny Technologies Inc Files For Potential Mixed Shelf Offering

* ALLEGHENY TECHNOLOGIES INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED- SEC FILING Source text (https://bit.ly/2w5Rhpw) Further company coverage: