ATI - ATI Inc. (ATI) Q1 2024 Earnings Call Transcript
2024-04-30 14:48:07 ET
ATI, Inc. (ATI)
Q1 2024 Earnings Conference Call
April 30, 2024 08:30 AM ET
Company Participants
David Weston - Vice President, Investor Relations
Robert Wetherbee - Board Chair and Chief Executive Officer
Kimberly Fields - President and Chief Operating Officer
Don Newman - Executive Vice President, Finance and Chief Financial Officer
Conference Call Participants
Michael Leshock - KeyBanc Capital Markets
Richard Safran - Seaport Global Securities
David Strauss - Barclays
Scott Deuschle - Deutsche Bank
Christopher Olin - Northcoast Research
Seth Seifman - JPMorgan
Timna Tanners - Wolfe Research
Gautam Khanna - Cowen & Company
Presentation
Operator
Hello all and welcome to ATI's First Quarter 2024 Earnings Call. My name is Lydia, and I will be your operator today. [Operator Instructions].
I'll now hand you over to Dave Weston, Vice President of Investor Relations. Please go ahead.
David Weston
Thank you. Good morning, and welcome to ATI's first quarter 2024 earnings call. Today's discussion is being webcast online at atimaterials.com. Participating in today's call to share key points from our first quarter results are Bob Wetherbee, Board Chair and CEO; Kim Fields, President and COO; and Don Newman, Executive Vice President and CFO.
Before starting our prepared remarks, I would like to draw your attention to the supplemental presentation that accompanies this call. Those slides provide additional color and details on our results and outlook that can also be found on our website at atimaterials.com. After our prepared remarks, we'll open the line for questions. As a reminder, all forward-looking statements are subject to various assumptions and caveats. These are noted in the earnings release and in the accompanying presentation.
Now I'll turn the call over to Bob.
Robert Wetherbee
Thanks, Dave. Good morning, everyone. In the first quarter of 2024, our leadership team focused on the things within our control acting with urgency and a forward-looking perspective. The results reported today reflect those efforts. This morning, I'll summarize the three key points I want you to take from our performance.
Point number one, Q1 financial results surpassed expectations. We delivered adjusted earnings per share for the quarter of $0.48, exceeding the top end of our estimated range. Revenue was over $1 billion for the seventh consecutive quarter. Our Advanced Alloys & Solutions segment led the way, achieving a 14% EBITDA margin in Q1. This reflects a double-digit sequential growth in the electronics and medical markets and strong A&D sales in Specialty Rolled Products....
ATI, Inc. (ATI) Q1 2024 Earnings Call Transcript