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ATI Inc
XMUN:ATD

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ATI Inc
XMUN:ATD
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Price: 127.62 EUR -1.83% Market Closed
Market Cap: €3.6B

ATI Inc
Investor Relations

ATI Inc., originally known as Allegheny Technologies Incorporated, stands as a notable player in the world of specialty materials and components. Rooted in a legacy that dates back to 1960, ATI has grown through decades of strategic diversification and innovation, cementing its reputation as a provider of high-performance materials. The company's primary focus is on the production and development of specialty alloys, titanium and titanium alloys, and other advanced materials. By marrying their heritage of metallurgical expertise with cutting-edge technologies, ATI plays a pivotal role in industries ranging from aerospace and defense to medical and energy. This focus on high-value niche markets aligns ATI with sectors demanding materials that can withstand extreme conditions and deliver superior performance.

At its core, ATI generates revenue by manufacturing and delivering these specialty products to a diverse clientele. The company operates through two main business segments: High Performance Materials & Components and Advanced Alloys & Solutions. The former serves industries like aerospace and defense by providing critical materials that endure high stress while maintaining weight efficiency. The latter segment caters to customers in oil and gas, automotive, and electrical energy, emphasizing corrosion resistance and magnetic properties. ATI's ability to meet specific customer needs through tailored solutions is central to its business model, enabling the company to maintain strong relationships with clients who require reliable, high-quality materials. Through this approach, ATI successfully navigates the challenging waters of a materials market that demands continuous innovation and precision.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 3, 2026
AI Summary
Q4 2025

Strong Q4 Performance: ATI beat expectations for both profit and free cash flow in Q4, with revenue of $1.2 billion and adjusted EBITDA of $232 million, exceeding guidance.

Full Year Growth: 2025 revenue rose to $4.6 billion (up 5% YoY), driven by 14% aerospace and defense growth. Adjusted EBITDA was $859 million, up 18%, and adjusted EPS grew 32% to $3.24.

Robust 2026 Guidance: Management guided to $1 billion adjusted EBITDA at the midpoint for 2026 (up 16%), with adjusted EPS projected between $3.99 and $4.27 and free cash flow midpoint 21% higher than 2025.

Margin Expansion: Q4 adjusted EBITDA margin reached 19.7%, up 180 bps YoY; full-year margin expanded 200 bps to 18.7%. HPMC and AA&S segments both improved margins.

Aerospace & Defense Momentum: A&D now 68% of 2025 revenue and expected to surpass 70% in 2026, with strong growth in jet engines and defense (jet engine sales up 21%, missiles revenue up 121%).

Specialty Energy Growth: Specialty energy posted 9% YoY growth in Q4, with long-term contracts supporting gains and further double-digit growth targeted for 2026.

Capital Discipline: 2026 net CapEx is guided at $220–$240 million, mostly for differentiated engine alloys, with substantial customer co-funding and investments contract-backed.

Shareholder Returns: $470 million was returned to shareholders in 2025 (124% of free cash flow); continued share repurchases planned for 2026.

Key Financials
Revenue
$1.2 billion
Revenue
$4.6 billion
Adjusted EBITDA
$232 million
Adjusted EBITDA
$859 million
Adjusted EBITDA Margin
19.7%
Adjusted EBITDA Margin
18.7%
Adjusted EPS
$3.24
Adjusted Free Cash Flow
$380 million
Operating Cash Flow
$614 million
Capital Expenditures
$281 million
Customer CapEx Funding
$25 million
Net CapEx
$256 million
Share Repurchases
$470 million
Aerospace & Defense Revenue Mix
68%
Jet Engine Sales Growth
21%
Defense Sales Growth
14%
Missile Revenue Growth
121%
Specialty Energy Q4 Growth
9%
HPMC Full Year Margin
23.6%
HPMC Q4 Margin
24%
AA&S Full Year Margin
16.3%
AA&S Q4 Margin
18.5%
Managed Working Capital as % of Sales
32.5%
Adjusted EBITDA Q1 2026 Guidance
$216 million to $226 million
Adjusted EPS Q1 2026 Guidance
$0.83 to $0.89
Earnings Call Recording
Other Earnings Calls

Management

Contacts

Address
TEXAS
Dallas
2021 McKinney Avenue, Suite 1100
Contacts
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