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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
CEO
Robert Wetherbee
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ALLEGHENY TELEDYNE INC
SEC CIK
IRS number
251792394

ATI stock data

(
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Calendar

26 Feb 21
13 Apr 21
31 Dec 21
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

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 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

Financial report summary

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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.
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