ATI Inc.

ATI

$211.33

+3.32%

2026-09-04 10:31:38 EDT+$6.79

Industrials

Manufacturing - Metal Fabrication

NYSE

Active Trading

Globally, ATI Inc. stands as a premier manufacturer and supplier of specialized materials and complex components. The enterprise's operations are strategically divided ...

Price Action of ATI

$211.33

+3.32%+$6.79

High—

Low—

52W High-13.2%

Rel. vol—

Interval

Range61m

Volume—SMA5SMA10

—

ATI Inc., formerly Allegheny Technologies Incorporated, is a premier manufacturer and supplier of specialized materials and complex components. Founded in 1996 through the merger of Allegheny Ludlum and Teledyne, the company is headquartered in Dallas, Texas, with approximately 7,600 employees worldwide. ATI operates through two primary divisions: High Performance Materials ...ATI Inc., formerly Allegheny Technologies Incorporated, is a premier manufacturer and supplier of specialized materials and complex components. Founded in 1996 through the merger of Allegheny Ludlum and Teledyne, the company is headquartered in Dallas, Texas, with approximately 7,600 employees worldwide. ATI operates through two primary divisions: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces titanium and its alloys, nickel- and cobalt-based superalloys, powdered alloys, and other specialty materials in forms like ingots, billets, bars, rods, wires, and seamless tubing. It also engineers precision forgings and custom-machined parts for aerospace, defense, medical, and energy sectors. The AA&S segment focuses on zirconium, hafnium, niobium, and nickel-based alloys, supplied as plates, sheets, and strips, with applications in energy, aerospace, automotive, and electronics. ATI's products are critical for high-performance applications, and the company emphasizes innovation in alloy development, vacuum melting, rolling, forging, and additive manufacturing. Financially, ATI has shown robust performance with a market cap of approximately $31 billion, a price-to-earnings ratio of 65.28, and a net profit margin of 10.1%. The company maintains a strong balance sheet with a current ratio of 2.33 and a debt-to-equity ratio of 1.17. ATI invests heavily in R&D to maintain its competitive edge, and its leadership, under CEO Kimberly Fields, aims to capitalize on growing demand in aerospace and defense. The company's strategic focus includes expanding its product portfolio, enhancing operational efficiency, and pursuing sustainable growth through advanced technologies. With a history of over 60 years, ATI continues to be a trusted partner for mission-critical applications, driving value for customers and shareholders alike.ExpandCollapse

Founded

1996

Employees

7600

CEO

Kimberly A. Fields

Full Name

ATI Inc.

Sector

Industrials

Industry

Manufacturing - Metal Fabrication

ROE

26.59%

Market Cap

$28.78B

Current Ratio

2.33

WACC

9.00%

ROIC

13.96%

Contact Information

https://www.atimaterials.com

800 289 7454

2021 McKinney Avenue, Dallas, TX 75201

Key Metrics of ATI

Snapshot

Latest / TTM · 6 periods

Market Cap

$28.78B

ROCE

16.7%

EV / EBITDA

33.08x

+1.2% YoY

FCF Yield

1.8%

-0.2% YoY

Cash Conversion Cycle

152.1d

Current Ratio

2.33

Quick take

TTM —

Positive CCC

Financial Highlights of ATI

Profitability trend

Latest / TTM · 6 periods

Gross Margin

23.4%

Net Margin

10.1%

P/E Ratio

60.55x

n/a

Debt / Equity

1.17

n/a

Current Ratio

2.33

Dividend Yield

0.0%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of ATI

Upcoming

Sep 28, 2026In 24 days
Q3 FY2026 · Estimated results
Est. EPS $1.34 · Revenue $1.32B · 5 analysts
Dec 28, 2026
FY2026 · Estimated annual results
Est. EPS $5.05 · Revenue $5.13B · 6 analysts
Mar 28, 2027
Q1 FY2027 · Estimated results
Est. EPS $1.36 · Revenue $1.27B · 2 analysts
Jun 28, 2027
Q2 FY2027 · Estimated results
Est. EPS $1.49 · Revenue $1.37B · 2 analysts

Recent history

Aug 6, 2026
Q2 FY2026 · Results reported
EPS $1.09 · Revenue $1.26B
View filing
Apr 30, 2026
Q1 FY2026 · Results reported
EPS $0.85 · Revenue $1.15B
View filing
Feb 20, 2026
FY2025 · Annual results
EPS $2.85 · Revenue $4.59B
View filing
Oct 28, 2025
Q3 FY2025 · Results reported
EPS $0.78 · Revenue $1.13B
View filing
Jul 31, 2025
Q2 FY2025 · Results reported
EPS $0.70 · Revenue $1.14B
View filing
Mar 31, 2025
Q1 FY2025 · Results reported
EPS $0.67 · Revenue $1.14B

Financial Statements of ATI

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$4.6B	+5.2%	+9.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$404.3M	+9.9%	+27.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+21.8%	+4.1%	+7.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+13.8%	-0.9%	+17.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+8.8%	+4.5%	+16.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$333.7M	+98.5%	-13.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+7.3%	+88.8%	-20.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	107.9%	+5.4%	+13.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	2.66x	+9.3%	-12.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$5.1B	-2.5%	+9.6%

Actual vs Estimate

A Dec 28Q Sep 28

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	2.85 vs 3.18	-10.4%	1.09 vs 1.34	-18.7%
Revenue Surprise	$4.6B vs $4.6B	-0.2%	$1.3B vs $1.3B	-4.1%

Insider Transactions of ATI

Acquisitions (A)

Since Jul 7, 2026

Disposals (D)

Since Jul 7, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Dec 31, 2029	Foster James Robert	officer: SVP, Finance and CFO	Performance Stock Units	—	17,094	—
Aug 31, 2026	Harris Timothy J	officer: Senior VP and CDIO	Common Stock, par value $0.10 per share	D	16,500	$210.01
Aug 24, 2026	Harris Timothy J	officer: Senior VP and CDIO	Common Stock, par value $0.10 per share	D	16,500	$206.92
Aug 17, 2026	Fields Kimberly A	director, officer: Chair, President and CEO	Common Stock, par value $0.10 per share	D	1,000	$228.32
Aug 17, 2026	Fields Kimberly A	director, officer: Chair, President and CEO	Common Stock, par value $0.10 per share	D	2,000	$229.56

Earnings Call Transcript of ATI

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Thank you for joining us, and welcome to the ATI Second Quarter 2026 Results Conference Call. [Operator Instructions] I will now hand the conference over to Rob Rengel, Vice President of Investor Relations. Please go ahead. Rob Rengel: Good morning, and welcome to ATI's Second Quarter 2026 Earnings Call. I'm excited to step into this role, and I want to begin by recognizing Dave Weston and the significant contributions he made to ATI before his retirement. Today's discussion is being webcast at atimaterials.com. Joining me are Kim Fields, Board Chair, President and CEO; and Rob Foster, Senior Vice President and CFO. Before starting our prepared remarks, I would like to draw your attention to the supplemental presentation that accompanies this call. Those slides provide additional color and details on our results, capabilities and outlook and can also be found on our website. As a reminder, all forward-looking statements are subject to various assumptions and caveats. These are noted in the earnings release and in the accompanying presentation. After our prepared remarks, we'll open the line for questions. Now I'll turn the call over to Kim. Kimberly Fields: Thanks, Rob, and welcome to the team, and good morning, everyone. Thank you for joining us. Turning to Slide 3. ATI delivered another strong quarter, demonstrating the increasing earnings power of our business. Second quarter adjusted EBITDA was $284 million, $29 million above the high end of our prior guidance. Excluding a $10 million asset sale gain, underlying performance still exceeded the high end of our guidance by $19 million. Adjusted EBITDA increased 37% year-over-year, making this ATI's strongest quarterly EBITDA performance since 2007. Second quarter adjusted EBITDA margins expanded 440 basis points year-over-year to 22.6%, reflecting stronger commercial terms, favorable mix, disciplined execution and operational improvements through Elevation. Revenue this quarter increased 11% year-over-year to $1.3 billion, an annualized run rate of more than $5 billion. That expanding revenue was supported by another record backlog of $4.4 billion, up 18% from a year ago and 7% sequentially. Importantly, that backlog increasingly reflects long-term agreements, sole-source positions and strategic programs that provide meaningful multiyear visibility into future shipments and earnings. Adjusted free cash flow in the quarter was $69 million, bringing first half free cash flow to $143 million, an improvement of $193 million versus the first half of last year. Cash generation will accelerate meaningfully in the second half, putting us on track to generate positive free cash flow in every quarter of 2026. Our second quarter performance was led by our AA&S segment, and it's one of the most important stories from the quarter. Over the last several years, we've transformed AA&S. What was once viewed as a more cyclical, lower-margin business has become a second durable earnings engine for ATI. …

Leadership Team of ATI

9 executives

Name	Title	Compensation	Gender	Year Born	Status
Kimberly A. Fields	President, CEO & Chair	USD 3,461,037	Female	1970	Active
Vaishali S. Bhatia	Senior Vice President, General Counsel & Chief Compliance Officer	USD 1,826,812	Female	1983	Active
Timothy J. Harris	Senior Vice President and Chief Digital & Information Officer	USD 1,322,026	Male	1975	Active
Michael Benjamin Miller	Vice President, Corporate Controller & Chief Accounting Officer	—	Male	1976	Active
Tom Wright	Vice President of Financial Planning & Analysis	—	Male	—	Active
David Weston	Vice President of Investor Relations	—	Male	—	Active
James Robert Foster	Senior VP of Finance & CFO	—	Male	1981	Active
John S. Minich	President of Forged Products	—	Male	1962	Active
Amanda J. Skov	Corporate Secretary	—	Female	—	Active

Recent News of ATI

Zacks Investment Research8/5/2026Neutral

Here's Why ATI (ATI) is a Strong Growth Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Defense World8/5/2026Neutral

Cetera Investment Advisers Acquires 11,492 Shares of ATI Inc. $ATI

Cetera Investment Advisers boosted its stake in shares of ATI Inc. (NYSE: ATI) by 75.7% in the undefined quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,675 shares of the basic materials company's stock after buying an additional 11,492 shares during the quarter. Cetera Investment

Zacks Investment Research8/4/2026Neutral

ATI Set to Report Q2 Earnings: What's in Store for the Stock?

ATI heads into Q2 earnings with rising aerospace demand, strategic investments and a 6.98% revenue growth estimate supporting expectations for a beat.

Zacks Investment Research8/4/2026Neutral

Unlocking Q2 Potential of ATI (ATI): Exploring Wall Street Estimates for Key Metrics

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for ATI (ATI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2026.

Zacks Investment Research8/3/2026Neutral

Are Aerospace Stocks Lagging ATI INC (ATI) This Year?

Here is how ATI (ATI) and Rolls-Royce Holdings PLC (RYCEY) have performed compared to their sector so far this year.

Historical Employee Count of ATI

Current

7,600

Change

-1.30%

Minimum

6,300

Maximum

7,700

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 28, 2025	7,600	10-K	Feb 20, 2026	View
Dec 29, 2024	7,700	10-K	Feb 21, 2025	View
Dec 31, 2023	7,300	10-K	Feb 23, 2024	View
Dec 31, 2022	6,700	10-K	Feb 24, 2023	View
Dec 31, 2021	6,300	10-K	Feb 25, 2022	View

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ATI Inc.