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 TECHNOLOGIES INC, ALLEGHENY TELEDYNE INC
SEC CIK
Corporate docs
Subsidiaries
ALC Funding Corporation • Allegheny Ludlum, LLC • ATI Flat Rolled Products Holdings LLC • ATI Ladish LLC • ATI Operating Holdings, LLC • ATI Properties, Inc. • Shanghai STAL Precision Stainless Steel Company Limited • TDY Holdings, LLC • TDY Industries, LLC • TDY Holdings Limited ...
IRS number
251792394
ATI stock data
News
Allegheny Technologies Return On Capital Employed Insights
15 Aug 22
Benzinga's Top Ratings Upgrades, Downgrades For August 5, 2022
5 Aug 22
Keybanc Maintains Overweight on ATI, Raises Price Target to $33
5 Aug 22
Wolfe Research Upgrades ATI to Outperform, Announces $33 Price Target
5 Aug 22
Why NanoViricides Jumped Over 48%; Here Are 106 Biggest Movers From Yesterday
5 Aug 22
Analyst ratings and price targets
Current price
Average target
$33.00
Low target
$33.00
High target
$33.00
Keybanc
Maintains
$33.00
Wolfe Research
Upgraded
$33.00
Calendar
4 Aug 22
16 Aug 22
31 Dec 22
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 274M | 274M | 274M | 274M | 274M | 274M |
| Cash burn (monthly) | 14.23M | 16.54M | 10.3M | (no burn) | 1.73M | 8.64M |
| Cash used (since last report) | 22.35M | 25.97M | 16.17M | n/a | 2.72M | 13.57M |
| Cash remaining | 251.65M | 248.03M | 257.83M | n/a | 271.28M | 260.43M |
| Runway (months of cash) | 17.7 | 15.0 | 25.0 | n/a | 156.5 | 30.1 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 11 Aug 22 | Karl D Schwartz | Common Stock, par value $0.10 per share | Sell | Dispose S | No | Yes | 31.22 | 1,000 | 31.22K | 63,832.95 |
| 28 Jul 22 | Karl D Schwartz | Common Stock, par value $0.10 per share | Sell | Dispose S | No | Yes | 25 | 2,000 | 50K | 64,832.95 |
| 19 Jul 22 | Diggs James C | Common Stock, par value $0.10 per share | Sell | Dispose S | No | Yes | 24 | 12,500 | 300K | 46,059.815 |
| 17 May 22 | M Leroy Ball | Common Stock, par value $0.10 per share | Grant | Acquire A | No | No | 0 | 4,309 | 0 | 28,763 |
| 17 May 22 | Carlisle Herbert J | Common Stock, par value $0.10 per share | Grant | Acquire A | No | No | 0 | 4,309 | 0 | 29,747 |
Institutional ownership, Q1 2022
| 13F holders | Current |
|---|---|
| Total holders | 283 |
| Opened positions | 73 |
| Closed positions | 26 |
| Increased positions | 73 |
| Reduced positions | 102 |
| 13F shares | Current |
|---|---|
| Total value | 3.64B |
| Total shares | 138.54M |
| Total puts | 913.2K |
| Total calls | 1.59M |
| Total put/call ratio | 0.6 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 20.66M | $554.54M |
| Vanguard | 14.08M | $377.99M |
| Capital International Investors | 12.18M | $326.86M |
| STT State Street | 9.94M | $266.82M |
| D. E. Shaw & Co | 5.83M | $97.71M |
| Frontier Capital Management | 5.45M | $112.66M |
| Barrow Hanley Mewhinney & Strauss | 4.48M | $120.37M |
| D. E. Shaw & Co. | 3.62M | $97.15M |
| AMP Ameriprise Financial | 3.58M | $96.14M |
| Capital International | 3.38M | $90.76M |
Financial report summary
?Competition
Haynes InternationalManagement Discussion
- Sales in 2021 decreased 6%, to $2.80 billion, while gross profit increased 14%, to $333 million, compared to 2020, as our end-markets begin to show signs of sustained recovery and we continue to recognize the benefits of 2020 cost cutting actions. Results for 2021 included $40 million of net pre-tax charges as further described in the Results of Operations section. Results for 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 2021 was $38.2 million, or ($0.30) per share. Adjusted EBITDA for 2021 was $290.9 million, or 10.4% of sales, compared to $196.3 million, or 6.6% of sales, for 2020. See the Financial Condition and Liquidity section of Management’s Discussion and Analysis for non-GAAP definitions and calculations.
Content analysis
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H.S. sophomore Avg
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New words:
chemical, compliance, dissolved, hydrocarbon
Removed:
capture, convert, deemed, delivery, demonstrate, efficient, estate, fractional, fundamental, Incorporated, lieu, positioned, real, receiving, recognize, sequential, Worldwide
Financial reports
Current reports
8-K
ATI Announces Second Quarter 2022 Results
4 Aug 22
8-K
Departure of Directors or Certain Officers
8 Jul 22
8-K
Amendments to Articles of Incorporation or Bylaws
22 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
13 May 22
8-K
ATI Announces First Quarter 2022 Results
4 May 22
8-K
ATI Announces Termination of Joint Venture with Russian-based VSMPO
9 Mar 22
8-K
Regulation FD Disclosure
3 Mar 22
8-K
ATI Announces Fourth Quarter 2021 Results
2 Feb 22
8-K
ATI Announces Third Quarter 2021 Results
28 Oct 21
8-K
Departure of Directors or Certain Officers
21 Oct 21
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
8 Jun 22
S-8
Registration of securities for employees
8 Jun 22
424B5
Prospectus supplement for primary offering
10 Sep 21
FWP
Free writing prospectus
9 Sep 21
424B3
Prospectus supplement
8 Sep 21
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
Proxies
DEFA14A
Additional proxy soliciting materials
27 Apr 22
DEFA14A
Additional proxy soliciting materials
25 Mar 22
DEFA14A
Additional proxy soliciting materials
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
Other
SD
Conflict minerals disclosure
31 May 22
UPLOAD
Letter from SEC
10 Apr 22
CORRESP
Correspondence with SEC
29 Mar 22
UPLOAD
Letter from SEC
22 Mar 22
SD
Conflict minerals disclosure
1 Jun 21
SD
Conflict minerals disclosure
9 Oct 20
SD
Conflict minerals disclosure
30 May 19
UPLOAD
Letter from SEC
13 Jun 18
SD
Conflict minerals disclosure
29 May 18
CORRESP
Correspondence with SEC
21 May 18
Ownership
4
ATI / Karl D Schwartz ownership change
15 Aug 22
4
ATI / Karl D Schwartz ownership change
1 Aug 22
4
ATI / JAMES C DIGGS ownership change
21 Jul 22
11-K
Annual report of employee stock purchases
9 Jun 22
11-K
Annual report of employee stock purchases
9 Jun 22
4
ALLEGHENY / David J Morehouse ownership change
19 May 22
4
ALLEGHENY / Marianne Kah ownership change
19 May 22
4
ALLEGHENY / David P Hess ownership change
19 May 22
4
ALLEGHENY / J BRETT HARVEY ownership change
19 May 22
4
ALLEGHENY / JAMES C DIGGS ownership change
19 May 22
Transcripts
2022 Q2
Earnings call transcript
4 Aug 22
2022 Q1
Earnings call transcript
5 May 22
2021 Q4
Earnings call transcript
2 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
3 Aug 21
2021 Q1
Earnings call transcript
30 Apr 21
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
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16 Jun 22
Pre-market summary - June 2
2 Jun 22