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Allegheny Technologies Inc (ATI.N)

ATI.N on New York Stock Exchange

25.72USD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Allegheny Technologies Sees Q1 2019 EPS Of $0.10 To $0.13
Thursday, 11 Apr 2019 

April 11 (Reuters) - Allegheny Technologies Inc ::ATI PROVIDES UPDATE ON FIRST QUARTER 2019 FINANCIAL RESULTS.SEES Q1 2019 EARNINGS PER SHARE $0.10 TO $0.13.SEES Q1 SALES ABOUT $1.0 BILLION.ALLEGHENY TECHNOLOGIES - Q1 RESULTS ARE BELOW OUR EXPECTATIONS AS WE FACED UNEXPECTED OPERATIONAL HEADWINDS IN BOTH OF OUR BUSINESS SEGMENTS.IN ATI'S FRP SEGMENT, STAL JOINT VENTURE EXPERIENCED LOWER THAN ANTICIPATED DEMAND IN CHINA.FOR FRP & U.S. FLAT ROLLED BUSINESS SEGMENT, BELIEVES NEGATIVE IMPACTS WILL LESSEN IN Q2.HAVE FULL CONFIDENCE IN BOEING'S ABILITY TO ADDRESS CURRENT 737 MAX ISSUES.AS PREVIOUSLY ANNOUNCED, WE EXPECT TO MAINTAIN OUR CURRENT PRODUCTION AND DELIVERY SCHEDULES RELATED TO 737 MAX AIRCRAFT.BELIEVE THAT OUR FINANCIAL RESULTS WILL IMPROVE IN Q2 AND THROUGHOUT BALANCE OF 2019.  Full Article

Ati Stal Joint Venture Commissions New Line
Thursday, 14 Mar 2019 

March 14 (Reuters) - Allegheny Technologies Inc ::ATI STAL JOINT VENTURE COMMISSIONS NEW LINE.ALLEGHENY TECHNOLOGIES INC - EXPANSION INCLUDES A 1219 MM (48") WIDE COLD ROLLING MILL.  Full Article

Allegheny Q3 Earnings Per Share $0.37
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Allegheny Technologies Inc ::EXPECT CONTINUED Y-O-Y REVENUE AND OPERATING PROFIT GROWTH IN Q4 FOR HPMC SEGMENT.ATI ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE $0.37.Q3 SALES ROSE 17 PERCENT TO $1.02 BILLION.QTRLY HIGH PERFORMANCE MATERIALS & COMPONENTS SALES OF $586 MILLION, UP 14% VERSUS Q3 2017.QTRLY FLAT ROLLED PRODUCTS SALES OF $435 MILLION, UP 22% VERSUS Q3 2017.IN HPMC SEGMENT, REITERATE GUIDANCE FOR FY 2018 SEGMENT OPERATING PROFIT MARGIN IMPROVEMENT OF ABOUT 300 BASIS POINTS.AEROSPACE AND DEFENSE SALES IN Q3 2018 WERE $446.5 MILLION, 2% HIGHER THAN Q2.IN FRP SEGMENT, ANTICIPATE U.S. OPERATIONS TO REMAIN PROFITABLE IN Q4.IN THE FRP SEGMENT, ANTICIPATE U.S. OPERATIONS TO REMAIN PROFITABLE IN Q4 DESPITE HIGHER INPUT COSTS.IN FRP SEGMENT, SIGNIFICANT PRICE DECLINES IN SEVERAL KEY RAW MATERIALS EXPECTED TO RESULT IN WEAKER Q4 RESULTS.EXPECT TO END 2018 WITH ZERO BORROWINGS UNDER OUR ABL REVOLVING CREDIT FACILITY.  Full Article

Ati Acquires Aerospace & Defense Additive Manufacturer Addaero
Monday, 16 Jul 2018 

July 16 (Reuters) - Allegheny Technologies Inc ::ATI ACQUIRES AEROSPACE & DEFENSE ADDITIVE MANUFACTURER ADDAERO.ALLEGHENY - INCLUDING THIS ACQUISITION, ATI EXPECTS 2018 FREE CASH FLOW GENERATION IN EXCESS OF $150 MILLION, EXCLUDING CONTRIBUTIONS TO ATI PENSION PLAN.FINANCIAL TERMS OF ACQUISITION WERE NOT DISCLOSED.  Full Article

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