ATI Allegheny

ATI is a $3 billion global manufacturer solving the world's most difficult challenges through materials science; advanced, integrated process technologies; and relentlessly innovative people. They serve customers whose demanding applications need to fly higher, dig deeper, stand stronger, and last longer— anywhere on, above, or below the earth. They partner to create new specialty materials in forms that deliver ultimate performance and long-term value in applications like jet engine forgings and 3D-printed aerospace components. They produce powders for forging and additive manufacturing; rolled materials, and finished components. Their specialty materials withstand extremes of temperature, stress and corrosion to improve and protect human lives every day.
Company profile
Ticker
ATI
Exchange
Website
CEO
Robert Wetherbee
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ALLEGHENY TELEDYNE INC
SEC CIK
Corporate docs
IRS number
251792394
ATI stock data
()
News
Stocks That Hit 52-Week Highs On Tuesday
16 Mar 21
Benzinga's Top Ratings Upgrades, Downgrades For March 16, 2021
16 Mar 21
Barclays Upgrades Allegheny Technologies to Overweight, Raises Price Target to $26
16 Mar 21
Stocks That Hit 52-Week Highs On Thursday
11 Mar 21
Stocks That Hit 52-Week Highs On Thursday
25 Feb 21
Calendar
26 Feb 21
13 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from Allegheny earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 645.9M | 645.9M | 645.9M | 645.9M | 645.9M | 645.9M |
Cash burn (monthly) | (positive/no burn) | (positive/no burn) | 380.93M | 120.66M | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | n/a | n/a | 1.31B | 415.41M | n/a | n/a |
Cash remaining | n/a | n/a | -665.61M | 230.49M | n/a | n/a |
Runway (months of cash) | n/a | n/a | -1.7 | 1.9 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 21 | Kevin B Kramer | Common Stock, par value $0.10 per share | Sell | Dispose S | No | Yes | 22.01 | 100 | 2.2K | 162,570.361 |
15 Mar 21 | Kevin B Kramer | Common Stock, par value $0.10 per share | Sell | Dispose S | No | Yes | 22 | 9,900 | 217.8K | 162,670.361 |
11 Mar 21 | Elliot S Davis | Common Stock, par value $0.10 per share | Sell | Dispose S | No | Yes | 22.5 | 15,200 | 342K | 191,571.471 |
5 Mar 21 | Elliot S Davis | Common Stock, par value $0.10 per share | Sell | Dispose S | No | Yes | 20.34 | 8,233 | 167.46K | 206,771.471 |
1 Mar 21 | Elliot S Davis | Common Stock, par value $0.10 per share | Payment of exercise | Dispose F | No | No | 20.69 | 2,118 | 43.82K | 215,004.471 |
1 Mar 21 | Kimberly A Fields | Common Stock, par value $0.10 per share | Payment of exercise | Dispose F | No | No | 20.69 | 4,659 | 96.39K | 99,299 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
13F holders |
Current |
---|---|
Total holders | 236 |
Opened positions | 42 |
Closed positions | 27 |
Increased positions | 63 |
Reduced positions | 82 |
13F shares |
Current |
---|---|
Total value | 2.15B |
Total shares | 127.25M |
Total puts | 653.1K |
Total calls | 1.75M |
Total put/call ratio | 0.4 |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 19.83M | $332.57M |
Vanguard | 12.91M | $216.47M |
Capital International Investors | 8.45M | $141.65M |
STT State Street | 6.68M | $112M |
Dimensional Fund Advisors | 6.56M | $110.05M |
D. E. Shaw & Co | 5.83M | $97.71M |
Barrow Hanley Mewhinney & Strauss | 4.61M | $77.24M |
Channing Capital Management | 4.55M | $76.24M |
D. E. Shaw & Co. | 4.06M | $68.01M |
Capital International | 2.98M | $50.04M |
Financial report summary
?Management Discussion
- Sales in 2020 decreased 28%, to $2.98 billion, and gross profit decreased 54%, to $293 million, compared to 2019, reflecting weakened market conditions resulting from the COVID-19 pandemic. Loss before taxes in 2020 included $1.1 billion of restructuring and other charges, $287 million of goodwill impairment charges, and $22 million in debt extinguishment charges. Results in 2020 also reflect a $78 million income tax provision primarily for valuation allowances on U.S. federal and state net deferred tax assets. The Company’s net loss in 2020 was $1.57 billion, or ($12.43) per share. Adjusted EBITDA was $196.3 million, or 6.6% of sales, for 2020, compared to $439.4 million, or 10.7% of sales, for 2019. See the Financial Condition and Liquidity section of Management’s Discussion and Analysis for these non-GAAP definitions and calculations. Despite these weak market conditions, the Company maintained strong liquidity in 2020, ending the year with $646 million in cash and $950 million of total liquidity.
Content analysis
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H.S. sophomore Avg
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New words:
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Removed:
achievement, aisle, AK, Anneal, antidumping, Arconic, broad, built, Carolina, casting, charging, chemical, coal, concurrently, deterrent, dumping, expanded, Firth, guarantor, hydrocarbon, illegal, ineffective, initiated, introduction, launch, LTPP, LTSV, magnitude, mile, NORSOK, Norwegian, ocean, parent, petroleum, positioned, published, reached, repeal, revaluation, Rixson, royalty, RTI, shale, slightly, subsidized, subsidy, super, surface, twin, unchanged, unfairly, vertically, Waterbury
Financial reports
10-K
2020 FY
Annual report
26 Feb 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
4 Aug 20
10-Q
2020 Q1
Quarterly report
5 May 20
10-K
2019 FY
Annual report
25 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
6 Aug 19
10-Q
2019 Q1
Quarterly report
30 Apr 19
10-K
2018 FY
Annual report
28 Feb 19
10-Q
2018 Q3
Quarterly report
31 Oct 18
Current reports
8-K
Departure of Directors or Certain Officers
2 Mar 21
8-K
ATI Announces Fourth Quarter 2020 Results
28 Jan 21
8-K
Cost Associated with Exit or Disposal Activities
4 Dec 20
8-K
Departure of Directors or Certain Officers
24 Nov 20
8-K
ATI Announces Third Quarter 2020 Results
29 Oct 20
8-K
ATI Announces Second Quarter 2020 Results
4 Aug 20
8-K
Entry into a Material Definitive Agreement
22 Jun 20
8-K
Allegheny Technologies Announces Pricing of $285.0 Million Convertible Notes Offering
18 Jun 20
8-K
Allegheny Technologies Announces Proposed Convertible Notes Offering
17 Jun 20
8-K
Regulation FD Disclosure
16 Jun 20
Registration and prospectus
S-3ASR
Automatic shelf registration
31 Mar 21
S-8 POS
Registration of securities for employees (post-effective amendment)
11 May 20
S-8
Registration of securities for employees
11 May 20
424B5
Prospectus supplement for primary offering
21 Nov 19
FWP
Free writing prospectus
19 Nov 19
424B3
Prospectus supplement
19 Nov 19
S-3ASR
Automatic shelf registration
29 Apr 18
424B5
Prospectus supplement for primary offering
8 Nov 17
424B3
Prospectus supplement
6 Nov 17
S-8
Registration of securities for employees
11 May 17
Proxies
DEFA14A
Additional proxy soliciting materials
5 Apr 21
DEF 14A
Definitive proxy
5 Apr 21
DEFA14A
Additional proxy soliciting materials
20 Apr 20
DEFA14A
Additional proxy soliciting materials
20 Apr 20
DEFA14A
Additional proxy soliciting materials
20 Apr 20
DEFA14A
Additional proxy soliciting materials
25 Mar 20
DEF 14A
Definitive proxy
24 Mar 20
DEFA14A
Additional proxy soliciting materials
22 Mar 19
DEFA14A
Additional proxy soliciting materials
20 Mar 19
DEF 14A
Definitive proxy
20 Mar 19
Other
SD
Conflict minerals disclosure
9 Oct 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
29 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
28 May 15
SD
Conflict minerals disclosure
1 Jun 14
UPLOAD
Letter from SEC
23 Oct 13
CORRESP
Correspondence with SEC
20 Oct 13
UPLOAD
Letter from SEC
16 Oct 13
Ownership
4
ALLEGHENY / Kevin B Kramer ownership change
17 Mar 21
4
ALLEGHENY / Elliot S Davis ownership change
12 Mar 21
4
ALLEGHENY / Elliot S Davis ownership change
8 Mar 21
4
ALLEGHENY / Karl D Schwartz ownership change
3 Mar 21
4
ALLEGHENY / ROBERT S WETHERBEE ownership change
3 Mar 21
4
ALLEGHENY / Elizabeth C Powers ownership change
3 Mar 21
4
ALLEGHENY / Kevin B Kramer ownership change
3 Mar 21
4
ALLEGHENY / Timothy J Harris ownership change
3 Mar 21
4
ALLEGHENY / Kimberly A Fields ownership change
3 Mar 21
4
ALLEGHENY / Elliot S Davis ownership change
3 Mar 21
Transcripts
2020 Q4
Earnings call transcript
28 Jan 21
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
4 Aug 20
2020 Q1
Earnings call transcript
5 May 20
2019 Q4
Earnings call transcript
4 Feb 20
2019 Q3
Earnings call transcript
31 Oct 19
2019 Q2
Earnings call transcript
23 Jul 19
2019 Q1
Earnings call transcript
23 Apr 19
2018 Q4
Earnings call transcript
22 Jan 19
2018 Q3
Earnings call transcript
23 Oct 18
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