ATI - Allegheny Technologies Non-GAAP EPS of $0.49 beats by $0.01 revenue of $1.04B beats by $30M

2023-05-04 07:34:45 ET

• Allegheny Technologies press release ( NYSE: ATI ): Q1 Non-GAAP EPS of $0.49 beats by $0.01 .
• Revenue of $1.04B (+24.7% Y/Y) beats by $30M .
• Q1 2023 ATI adjusted EBITDA was $132.7 million, or 12.8% of sales.
• "We're strategically investing—with disciplined capital allocation—to ensure we have the capabilities and capacity needed to meet unprecedented demand," said Wetherbee.
• "Our deliberate actions to transform give us resilience against potential headwinds, reducing the impact of volatility on our business. We expect ongoing strength in our key markets to drive profitable revenue growth. With another quarter of solid performance, we remain on track toward our long-term targets, delivering for our customers, our shareholders, and our team."

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