ATI Allegheny Dashboard

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

NYSE

Website

www.atimetals.com/

CEO

Robert Wetherbee

Incorporated

Delaware

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Manufacturing > Iron and Steel Pipe and Tube Manufacturing from Purchased Steel

Industry (SIC)

Steel Pipe & Tubes

Northwest Pipe • Synalloy • Huadi International ...

Former names

ALLEGHENY TELEDYNE INC

SEC CIK

0001018963

Corporate docs

Articles of Incorporation & Bylaws

IRS number

251792394

ATI stock data

S&P 500

1M 1Y 2Y 5Y

News

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Stocks That Hit 52-Week Highs On Tuesday

16 Mar 21

This morning 279 companies reached new 52-week highs.

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

Barclays analyst David Strauss upgrades Allegheny Technologies (NYSE:ATI) from Equal-Weight to Overweight and raises the price target from $16 to $26.

Stocks That Hit 52-Week Highs On Thursday

11 Mar 21

Stocks That Hit 52-Week Highs On Thursday

25 Feb 21

Press releases

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Allegheny Technologies Announces Webcast of Conference Call for First Quarter 2021 Results

1 Apr 21

PITTSBURGH, April 1, 2021 /PRNewswire/ -- Allegheny Technologies Incorporated (NYSE:ATI) will provide live Internet listening access to its conference call with the financial community scheduled for Thursday, April

USW on Strike against ATI's Unfair Labor Practices

30 Mar 21

PITTSBURGH, March 30, 2021 /PRNewswire/ -- The United Steelworkers (USW) today said that the union engaged in a strike against ATI (NYSE:ATI) over unfair labor practices at 7 a.m. (EDT) at nine facilities.

Steelworkers Intend to Strike ATI over Unfair Labor Practices

26 Mar 21

PITTSBURGH, March 26, 2021 /PRNewswire/ -- The United Steelworkers (USW) today said that the union has given ATI (NYSE:ATI) management a notice of the union's intent to strike over unfair labor practices beginning at

ATI Announces Fourth Quarter 2020 Results

28 Jan 21

Calendar

26 Feb 21

13 Apr 21

31 Dec 21

Financial summary

Financial statements Chart ATI financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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

Beta Read what these cash burn values mean

Recent insider trades

ATI insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

ATI institutional ownership history Ownership history

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	Prev Q	Change
Total holders	236	221	+6.8%
Opened positions	42	28	+50.0%
Closed positions	27	47	-42.6%
Increased positions	63	81	-22.2%
Reduced positions	82	63	+30.2%

13F shares	Current	Prev Q	Change
Total value	2.15B	1.02B	+111.1%
Total shares	127.25M	116.97M	+8.8%
Total puts	653.1K	796.9K	-18.0%
Total calls	1.75M	1.12M	+55.8%
Total put/call ratio	0.4	0.7	-47.4%

Largest owners	Shares	Value	Change
BLK Blackrock	19.83M	$332.57M	+5.1%
Vanguard	12.91M	$216.47M	+2.2%
Capital International Investors	8.45M	$141.65M	+0.0%
STT State Street	6.68M	$112M	-10.1%
Dimensional Fund Advisors	6.56M	$110.05M	-0.9%
D. E. Shaw & Co	5.83M	$97.71M	NEW
Barrow Hanley Mewhinney & Strauss	4.61M	$77.24M	-7.0%
Channing Capital Management	4.55M	$76.24M	+4.4%
D. E. Shaw & Co.	4.06M	$68.01M	-14.7%
Capital International	2.98M	$50.04M	-0.5%

Largest transactions	Shares	Bought/sold	Change
D. E. Shaw & Co	5.83M	+5.83M	NEW
Norges Bank	1.53M	+1.53M	NEW
Millennium Management	1.46M	+1.46M	NEW
Victory Capital Management	1.41M	+1.39M	+6792.2%
JPM JPMorgan Chase & Co.	1.47M	+1.24M	+542.2%
BLK Blackrock	19.83M	+966.92K	+5.1%
GS Goldman Sachs	1.91M	+938.4K	+96.6%
STT State Street	6.68M	-750.41K	-10.1%
D. E. Shaw & Co.	4.06M	-699.11K	-14.7%
Assenagon Asset Management	0	-692.33K	EXIT

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

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From filing 10-K 2020 FY