ATI Inc.
Description
ATI Inc. produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts. The AA&S segment produces zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms, such as plate, sheet, and precision rolled strip products. It also provides hot-rolling conversion services, including carbon steel products. ATI Inc. serves to aerospace and defense, energy, automotive, construction and mining, food equipment and appliances, and medical markets. The company was formerly known as Allegheny Technologies Incorporated. ATI Inc. was incorporated in 1996 and is headquartered in Dallas, Texas.
About
CEO
Ms. Kimberly A. Fields
Employees
7,300
Instrument type
Common Stock
Sector
Industrials
Industry
Metal Fabrication
MIC code
XNYS
Address
2021 McKinney Avenue, Dallas, TX 75201, United States
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 27, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Feb 4, 2025 | 0.61 | — | — | — |
| Oct 29, 2024 | 0.66 | 0.60 | -0.06 | -9.09% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 7 | — | 10 |
| Average estimate | — | 0.58 | — | 2.94 |
| Low estimate | — | 0.53 | — | 2.54 |
| High estimate | — | 0.63 | — | 3.28 |
| Last year EPS | — | 0.48 | — | 2.27 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-7.120%
Next qtr. (Mar 2025)
21.610%
Current year
-11.470%
Next year (Dec 2025)
29.690%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 4.17B | 3.84B | 2.80B | 2.98B | 4.12B |
| Cost of revenue | 3.37B | 3.12B | 2.47B | 2.69B | 3.48B |
| Gross profit | 802.60M | 714.20M | 333.20M | 292.80M | 638.00M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 328.10M | 297.50M | 226.90M | 201.00M | 267.20M |
| Other operating expenses | — | — | — | -4.30M | — |
| Operating income | 474.50M | 416.70M | 106.30M | 96.10M | 370.80M |
| Non operating interest income | |||||
| Income | 13.00M | 4.70M | 700,000 | 1.70M | 5.90M |
| Expense | 105.80M | 92.10M | 97.60M | 96.10M | 104.90M |
| Other income expense | -86.50M | 25.30M | 224.00M | -1.48B | -35.30M |
| Pretax income | 295.20M | 354.60M | 233.40M | -1.48B | 236.50M |
| Tax provision | -128.20M | 15.50M | 26.80M | 77.70M | -28.50M |
| Net income | 423.40M | 339.10M | 206.60M | -1.56B | 265.00M |
| Basic EPS | 3.21 | 1.03 | -0.30 | -12.43 | 2.05 |
| Diluted EPS | 2.81 | 0.96 | -0.30 | -12.43 | 1.85 |
| Basic average shares | 128.10M | 127.50M | 127.10M | 126.50M | 125.80M |
| Diluted average shares | 128.10M | 127.50M | 127.10M | 126.50M | 125.80M |
| EBITDA | 554.90M | 717.60M | 512.40M | 173.00M | 446.40M |
| Net income from continuing op. | 423.40M | 339.10M | 206.60M | -1.56B | 265.00M |
| Minority interests | -12.60M | -15.60M | -22.00M | -13.00M | -12.50M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 4.99B | 4.45B | 4.29B | 4.03B | 5.63B |
| Current assets | |||||
| Cash | 329.80M | 164.90M | 222.80M | 158.20M | 190.80M |
| Cash equivalents | 414.10M | 419.10M | 464.90M | 487.70M | 300.00M |
| Cash and cash equivalents | 743.90M | 584.00M | 687.70M | 645.90M | 490.80M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 625.00M | 579.20M | 470.00M | 345.80M | 554.10M |
| Other receivables | 59.10M | 64.10M | 53.90M | 38.90M | 38.50M |
| Inventory | 1.25B | 1.20B | 1.05B | 997.10M | 1.16B |
| Prepaid assets | — | — | 48.80M | 38.30M | 64.30M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 62.20M | 53.40M | 48.80M | 38.30M | 64.30M |
| Non current assets | |||||
| Properties | — | 2.90B | 2.87B | 2.74B | 3.67B |
| Land and improvements | 32.30M | 31.50M | 34.40M | 34.80M | 34.60M |
| Machinery furniture equipment | — | — | — | — | 3.67B |
| Construction in progress | — | — | — | — | — |
| Leases | 3.02B | 2.90B | 2.87B | 2.74B | 3.67B |
| Accumulated depreciation | -2.08B | -1.98B | -1.95B | -1.87B | -2.09B |
| Goodwill | 454.40M | 454.40M | 521.70M | 569.30M | 1.05B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | 58.50M | 65.90M | 87.90M | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 354.30M | 192.90M | 156.20M | 171.10M | 355.70M |
| Total liabilities | 3.50B | 3.29B | 3.45B | 3.39B | 3.44B |
| Current liabilities | |||||
| Accounts payable | 524.80M | 553.30M | 375.50M | 290.60M | 521.20M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | 31.90M | 41.70M | 131.30M | 17.80M | 11.50M |
| Deferred revenue | 163.60M | 149.10M | 116.20M | 111.80M | 78.70M |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 256.80M | 219.80M | 233.40M | 233.10M | 237.80M |
| Non current liabilities | |||||
| Long term debt | 2.15B | 1.71B | 1.71B | 1.55B | 1.39B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 164.90M | 207.70M | 211.00M | 189.90M | 160.80M |
| Shareholders equity | |||||
| Common stock | 13.20M | 13.10M | 12.70M | 12.70M | 12.70M |
| Retained earnings | -70.10M | -480.90M | 72.70M | 106.50M | 1.68B |
| Other shareholders equity | -83.20M | -67.40M | -991.70M | -1.22B | -1.20B |
| Total shareholders equity | 1.48B | 1.16B | 832.70M | 641.40M | 2.19B |
| Additional paid in capital | 1.70B | 1.67B | 1.60B | 1.63B | 1.62B |
| Treasury stock | 184.00M | 87.00M | 4.80M | — | 18.20M |
| Minority interest | 107.50M | 111.30M | 147.10M | 120.30M | 103.10M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | 423.40M | 339.10M | 206.60M | -1.56B | 265.00M | 236.70M | -79.70M | -627.10M | -365.90M | 9.60M | 161.60M | 167.80M | 223.10M | 78.70M | 38.00M | 573.50M | 747.10M | 571.90M | 359.80M | 19.80M | -314.60M | -65.80M | -25.20M | 132.50M | 111.00M | 155.00M | 328.80M | 248.80M |
| Depreciation | 146.10M | 142.90M | 143.90M | 143.30M | 151.10M | 156.40M | 160.80M | 170.30M | 189.90M | 176.80M | 189.90M | 194.00M | 174.40M | 141.50M | 132.60M | 118.80M | 102.90M | 84.20M | 77.30M | 76.10M | 74.60M | 90.00M | 98.60M | 99.70M | 95.30M | 82.10M | -104.40M | -109.70M |
| Deferred Taxes | -138.20M | -100,000 | 1.00M | 69.90M | -40.90M | 2.10M | -1.40M | -119.80M | -118.00M | 31.70M | 70.10M | -19.40M | 52.70M | 102.20M | 123.60M | 129.00M | 55.50M | 8.20M | -92.00M | -400,000 | 72.70M | 25.60M | 24.50M | 57.80M | -11.30M | -6.70M | -4.30M | 19.10M |
| Stock-Based Compensation | 29.10M | 26.00M | 21.10M | 2.90M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | — | — | — | 1.04B | — | — | — | 471.30M | 54.50M | — | 72.70M | 13.00M | — | — | — | — | — | — | — | — | — | 39.20M | — | 30.80M | -30.70M | 48.20M | 212.10M | 246.60M |
| Accounts Receivable | -46.10M | -128.50M | -126.00M | 208.40M | -52.10M | 16.00M | -93.20M | -51.80M | 203.30M | -70.30M | 41.10M | 95.80M | -78.80M | -153.40M | 141.40M | 121.70M | -41.30M | -168.80M | -78.70M | -78.40M | -9.50M | 35.60M | 47.10M | 15.90M | -26.50M | 59.20M | -25.50M | 1.60M |
| Accounts Payable | -29.80M | 156.10M | 88.50M | -230.50M | 30.10M | 153.70M | 125.80M | -51.20M | -211.30M | 82.10M | -7.80M | 9.20M | 50.00M | 85.50M | 30.10M | -109.90M | 33.30M | — | — | — | — | — | — | — | — | — | 11.10M | 26.60M |
| Other Assets & Liabilities | -270.00M | -401.30M | -387.40M | -25.60M | -181.40M | -173.70M | -359.80M | 74.70M | 229.80M | -137.50M | 287.80M | -34.50M | -188.10M | -130.40M | -228.40M | -71.70M | -182.40M | -229.20M | -107.20M | -29.20M | 202.80M | 65.70M | -37.60M | -96.20M | -28.20M | 8.00M | 15.40M | -118.10M |
| Operating Cash Flow | 114.50M | 134.20M | -52.30M | -349.70M | 171.80M | 391.20M | -247.50M | -133.60M | -17.70M | 92.40M | 815.40M | 425.90M | 233.30M | 124.10M | 237.30M | 761.40M | 715.10M | 266.30M | 159.20M | -12.10M | 26.00M | 190.30M | 107.40M | 240.50M | 109.60M | 345.80M | 433.20M | 314.90M |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | -196.90M | -127.80M | -131.80M | -130.60M | -76.20M | -136.40M | -120.00M | -200.00M | -144.60M | -223.30M | -611.90M | -378.70M | -275.50M | -216.80M | -414.80M | -515.70M | -442.70M | -233.20M | -89.50M | -43.30M | -63.80M | -37.10M | -82.00M | -66.10M | -45.60M | -119.30M | -20.40M | 25.00M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -300,000 | 300,000 | 53.10M | — | 158.10M | -10.00M | — | — | -500,000 | -92.90M | 600.90M | — | -349.20M | — | -38.90M | — | -9.00M | 500,000 | -18.30M | -7.50M | — | — | -500,000 | — | — | -218.90M | -15.20M | 107.80M |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -2.50M | -73.80M |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 34.40M | 31.50M | 6.10M |
| Investing Cash Flow | -193.20M | -126.70M | -77.30M | -128.70M | 81.70M | -145.10M | -119.60M | -200.00M | -145.10M | -316.20M | -11.00M | -378.70M | -624.70M | -216.80M | -453.10M | -513.90M | -451.70M | -232.70M | -109.20M | -54.60M | -70.30M | -39.80M | -85.00M | -70.00M | 429.70M | -307.20M | -12.40M | 56.00M |
| Financing Activities | ||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 425.00M | — | 675.70M | 391.40M | 350.00M | 1.20M | 10.10M | 390.60M | 1.50M | — | 500.00M | — | 500.00M | 2.90M | 752.50M | — | — | — | — | — | — | — | — | — | — | 123.30M | 4.40M | 290.50M |
| Long-Term Debt Payments | -25.20M | -23.10M | -515.60M | -212.10M | -507.60M | -6.40M | -353.00M | -2.70M | -23.60M | -414.90M | -31.50M | -27.10M | -146.90M | -11.30M | -194.60M | -14.80M | -15.30M | — | — | — | — | — | — | — | — | -6.90M | -114.20M | -436.50M |
| Other Financing Charges | -22.20M | -27.60M | -74.00M | -54.80M | -40.40M | 4.40M | -40.90M | -38.60M | -16.00M | -1.20M | -20.60M | -23.40M | -1.40M | -8.10M | -19.50M | -27.40M | 600,000 | 80.90M | 25.20M | — | 15.30M | — | — | — | — | — | -185.50M | -112.20M |
| Financing Cash Flow | 267.20M | -201.90M | 103.00M | 116.90M | -203.00M | -7.30M | 9.20M | 323.50M | -106.00M | -497.10M | 364.40M | -150.40M | 274.80M | -88.20M | 467.00M | -395.00M | -137.10M | 70.90M | 24.20M | 216.10M | -3.90M | -53.20M | -67.00M | -283.70M | -371.50M | 74.50M | -479.80M | -415.50M |
| Other Cash Details | ||||||||||||||||||||||||||||
| End Cash Position | 743.90M | 584.00M | 687.70M | 645.90M | 490.80M | 382.00M | 141.60M | 229.60M | 149.80M | 269.50M | 1.03B | 304.60M | 380.60M | 432.30M | 708.80M | 469.90M | 623.30M | 502.30M | 362.70M | 250.80M | 79.60M | 59.40M | 33.70M | 26.20M | 50.70M | 74.20M | 50.30M | 62.50M |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -114.80M | 94.00M | -136.50M | 30.40M | 61.90M | 253.60M | -100.30M | -245.90M | -13.20M | -169.80M | -244.30M | 45.50M | 18.60M | -192.00M | -196.90M | 238.80M | 262.40M | 73.30M | 132.50M | -25.80M | 7.60M | 155.50M | 18.60M | 47.20M | -1.90M | 153.40M | 121.40M | 105.10M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 8,062,962 | 513.77M | 5.65% |
| Growth Fund of America Inc | Nov 30, 2024 | 5,994,109 | 381.94M | 4.20% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 3,967,051 | 252.78M | 2.78% |
| Amcap Fund | Nov 30, 2024 | 3,504,391 | 223.30M | 2.46% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 3,115,756 | 198.54M | 2.18% |
| American Funds Insurance Ser-Asset Allocation Fund | Sep 30, 2024 | 2,906,538 | 185.20M | 2.04% |
| American Funds Insurance Ser-Growth Fund | Sep 30, 2024 | 2,086,140 | 132.93M | 1.46% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 1,863,898 | 118.77M | 1.31% |
| Smallcap World Fund | Sep 30, 2024 | 1,732,552 | 110.40M | 1.21% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 1,718,019 | 109.47M | 1.20% |
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