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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Benzinga's Top Ratings Upgrades, Downgrades For July 7, 2021

7 Jul 21

10 Biggest Price Target Changes For Wednesday

7 Jul 21

Keybanc cut Alibaba Group Holding Limited (NYSE: BABA) price target from $275 to $270. Alibaba shares rose 0.5% to $212.60 in pre-market trading.

B of A Securities Upgrades Allegheny Technologies to Neutral, Raises Price Target to $22

7 Jul 21

B of A Securities analyst Timna Tanners upgrades Allegheny Technologies (NYSE:ATI) from Underperform to Neutral and raises the price target from $15 to $22.

Stocks That Hit 52-Week Highs On Tuesday

1 Jun 21

Stocks That Hit 52-Week Highs On Monday

10 May 21

Press releases

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ATI Employees Complete Ratification of New Four-Year Agreement

14 Jul 21

PITTSBURGH, July 14, 2021 /PRNewswire/ -- Allegheny Technologies Incorporated (NYSE:ATI) announced its employees have ratified a new four-year labor agreement with the United Steelworkers, ending the strike that began

ATI and United Steelworkers Reach Tentative Agreement

6 Jul 21

PITTSBURGH, July 6, 2021 /PRNewswire/ -- Allegheny Technologies Incorporated (NYSE:ATI) announced it has reached tentative agreement for its labor contract with the United Steelworkers (USW) covering approximately

Steelworkers Reach Tentative Agreement with ATI to End Three Month Unfair Labor Practice Strike

2 Jul 21

PITTSBURGH, July 2, 2021 /PRNewswire/ -- The United Steelworkers today said that the union has reach tentative agreement with ATI (NYSE:ATI) on a four-year contract covering 1,300 workers at nine facilities who have been

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

30 Jun 21

CEO Robert S. Wetherbee Becomes ATI Board Chair

20 May 21

Calendar

29 Apr 21

29 Jul 21

31 Dec 21

Financial summary

Financial statements Chart ATI financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 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)	541.7M	541.7M	541.7M	541.7M	541.7M	541.7M
Cash burn (monthly)	34.73M	8.11M	(positive/no burn)	123.71M	22.7M	(positive/no burn)
Cash used (since last report)	137.51M	32.1M	n/a	489.76M	89.87M	n/a
Cash remaining	404.19M	509.6M	n/a	51.94M	451.83M	n/a
Runway (months of cash)	11.6	62.8	n/a	0.4	19.9	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
1 Jun 21	Kevin B Kramer	Common Stock, par value $0.10 per share	Sell	Dispose S	No	Yes	25	10,000	250K	152,570.361
25 May 21	M Leroy Ball	Common Stock, par value $0.10 per share	Grant	Aquire A	No	No	0	4,347	0	24,254
25 May 21	Carlisle Herbert J	Common Stock, par value $0.10 per share	Grant	Aquire A	No	No	0	4,347	0	25,438
25 May 21	Corvi Carolyn	Common Stock, par value $0.10 per share	Grant	Aquire A	No	No	0	4,347	0	59,027.693
25 May 21	Diggs James C	Common Stock, par value $0.10 per share	Grant	Aquire A	No	No	0	4,347	0	54,260.815

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

Institutional ownership Q1 2021

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	229	236	-3.0%
Opened positions	33	41	-19.5%
Closed positions	40	27	+48.1%
Increased positions	64	63	+1.6%
Reduced positions	84	83	+1.2%

13F shares	Current	Prev Q	Change
Total value	2.72B	2.13B	+27.6%
Total shares	130.47M	127.25M	+2.5%
Total puts	418.7K	653.1K	-35.9%
Total calls	1.67M	1.75M	-4.5%
Total put/call ratio	0.3	0.4	-32.8%

Largest owners	Shares	Value	Change
BLK Blackrock	20.92M	$440.55M	+5.5%
Vanguard	13.38M	$281.68M	+3.6%
Capital International Investors	9.99M	$210.36M	+18.3%
STT State Street	7.94M	$167.26M	+18.9%
Dimensional Fund Advisors	7.08M	$149.11M	+7.9%
D. E. Shaw & Co	5.83M	$97.71M	0.0%
Channing Capital Management	4.44M	$93.42M	-2.4%
Barrow Hanley Mewhinney & Strauss	4.2M	$88.45M	-8.8%
D. E. Shaw & Co.	3.83M	$80.57M	-5.7%
Capital International	2.68M	$56.47M	-10.1%

Largest transactions	Shares	Bought/sold	Change
Capital International Investors	9.99M	+1.54M	+18.3%
Norges Bank	0	-1.53M	EXIT
STT State Street	7.94M	+1.26M	+18.9%
IVZ Invesco	1.77M	+1.18M	+198.7%
BLK Blackrock	20.92M	+1.09M	+5.5%
Moore Capital Management	762.5K	+762.5K	NEW
Millennium Management	703.71K	-755.77K	-51.8%
GS Goldman Sachs	2.52M	+612.74K	+32.1%
Frontier Capital Management	986.91K	+611.87K	+163.1%
NTRS Northern Trust	2.08M	-604.74K	-22.5%

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-Q 2021 Q1