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Allegheny Technologies (ATI) +6.7% pre-market on news it is exiting standard stainless sheet products by mid-2021, saying it will focus on accelerating the execution of its high-value strategy in aerospace and defense.Allegheny's standard stainless sheet products line represented $445M of rev...
Actions increase aerospace and defense focus and improve profitability Exiting $445 million of very low-margin products; ceasing production at five facilities and consolidating finishing operations Streamlined footprint and investment to enhance capabilities expected...
The severely battered stock price of ATI, which has lost almost 34.8% since the beginning of the year, is due to continue recuperating thanks to the sector rotation. Q3 was dismal; revenues tumbled by 41.4%, as the aerospace end-market was still suffering from the ripple effects of th...
Despite past efforts to improve the cost structure and diversify the business, aerospace demand is driving this business, leading to weaker than expected FQ1 revenue and margins. Aero is going to need a couple of more quarters to bottom out, but vehicle, power, and medical demand shou...
Investors are getting excited about the potential relaunch of Boeing 's (NYSE: BA) 737 MAX, which is expected to be recertified in the coming weeks, if not sooner. That's good news for Boeing, but also really good news for suppliers that count on the MAX for revenue. Shares ...
Image source: The Motley Fool. Allegheny Technologies Inc (NYSE: ATI) Q3 2020 Earnings Call Oct 29, 2020 , 8:30 a.m. ET Operator Continue reading For further details see: Allegheny Technologies Inc (ATI) Q3 2020 Earnings Call Transcript ...
Allegheny Technologies Incorporated (ATI) Q3 2020 Earnings Conference Call October 29, 2020, 8:30 AM ET Company Participants Scott Minder - Vice President, Treasurer and Investor Relations Robert Wetherbee - President and Chief Executive Officer Don Newman - Senior Vice President and Chief Fi...
Allegheny Technologies ([[ATI]] +14.6%) reported Q3 sales decline of 41.4% Y/Y to $598M, reflecting challenged market conditions in commercial aerospace.High Performance Materials & Components sales $221.3M (-51% Y/Y); and segment operating loss of $2.7M.Advanced Alloys & Solutions sa...
The following slide deck was published by Allegheny Technologies Incorporated in conjunction with their 2020 Q3 earnings call. For further details see: Allegheny Technologies Incorporated 2020 Q3 - Results - Earnings Call Presentation
Shares of Allegheny Technologies (NYSE: ATI) jumped as much as 13.3% in trading Thursday after the company reported third-quarter financial results. The stock was up 12.8% at 12:20 p.m. EDT and bouncing near new highs for the day. Quarterly revenue was $598 million, but Alleghen...
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2024-07-12 08:15:04 ET Benchmark analyst issues BUY recommendation for ATI on July 12, 2024 06:55AM ET. The previous analyst recommendation was Buy. ATI was trading at $57.87 at issue of the analyst recommendation. The overall analyst consensus : BUY. Current analyst...
2024-07-08 13:50:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
ATI Announces Webcast for Second Quarter 2024 Results PR Newswire DALLAS , July 2, 2024 /PRNewswire/ -- ATI (NYSE: ATI) has scheduled the live webcast for its second quarter 2024 earnings conference call on Tuesday, August 6 , 2024, at 7:30 a.m...