Allegheny Technologies (ATI) closed the latest trading day at $47.23, indicating a -0.84% change from the previous session's end. This change lagged the S&P 500's 0.17% loss on the day. Meanwhile, the Dow lost 0.39%, and the Nasdaq, a tech-heavy index, lost 0.05%.Heading into today, shares of the maker of steel and specialty metals had lost 7.3% over the past month, lagging the Basic Materials sector's loss of 4.41% and the S&P 500's loss of 3.94% in that time.The upcoming earnings release of Allegheny Tech ...

DALLAS, April 4, 2025 /PRNewswire/ -- ATI (NYSE: ATI) has scheduled the live webcast for its first quarter 2025 earnings conference call on Thursday, May 1, 2025, at 7:30 a.m. CT (8:30 a.m. ET).  First quarter 2025 results are scheduled to be published prior to the call at 6:30 a.m. CT (7:30 a.m. ET).The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, visit ATImaterials.com and select "Conference Call." Conference call ...

The most recent trading session ended with Allegheny Technologies (ATI) standing at $50, reflecting a -1.88% shift from the previouse trading day's closing. This move lagged the S&P 500's daily loss of 0.91%. Meanwhile, the Dow lost 1.5%, and the Nasdaq, a tech-heavy index, lost 1.96%.Shares of the maker of steel and specialty metals witnessed a loss of 16.16% over the previous month, trailing the performance of the Basic Materials sector with its loss of 3.32% and the S&P 500's loss of 7.38%.Market partici ...

Group 1 - ATI Inc. experienced a setback as one of the two ratification votes for a labor agreement was unsuccessful, affecting employees in Western Pennsylvania and Lockport, New York [1] - The company and the United Steelworkers (USW) have agreed to extend the expired labor agreement until April 30, 2025, while negotiations continue [1] - ATI has successfully reached an agreement with the USW for Specialty Alloys and Components employees at the Albany, Oregon facility, providing a competitive wage and benefit package from March 1, 2025, to February 28, 2031 [2] Group 2 - ATI is a producer of high-performance materials and solutions for the aerospace and defense markets, as well as critical applications in electronics, medical, and specialty energy [3] - The company focuses on solving complex challenges through materials science and aims to deliver extraordinary materials that enhance customer products [3] - ATI emphasizes its commitment to innovation and unique customer partnerships to provide materials and solutions for challenging environments [3]

DALLAS, March 5, 2025 /PRNewswire/ -- ATI Inc. (NYSE: ATI) Executive Vice President and Chief Financial Officer Don Newman will speak at the 2025 JP Morgan Industrials Conference on March 12, 2025 at 3:10 p.m. ET. The link to the fireside chat is available at the News & Events section of www.ATImaterials.com/investors. An audio replay and full transcript of the event will be available following the presentation.ATI: Proven to Perform.ATI (NYSE: ATI) is a producer of high performance materials and solutions ...

Investors in ATI Inc. (ATI) need to pay close attention to the stock based on moves in the options market lately. That is because the Apr 17, 2025 $45.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean the ...

DOWNERS GROVE, Ill., March 4, 2025 /PRNewswire/ -- ATI Physical Therapy, Inc. (OTCMKTS: ATIP) ("ATI" or the "Company"), a nationally recognized outpatient physical therapy provider in the United States, announced today that on March 3, 2025, it closed a $26 million 8% second lien PIK convertible note financing."This new financing is a critical step in fortifying our financial foundation and positioning us to execute on our strategic vision," said Sharon Vitti, Chief Executive Officer.Pursuant to the financi ...

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Core Points - ATI Inc. has reached a tentative agreement with the United Steelworkers (USW) on a new six-year Master Contract, which will be presented for ratification votes by the USW general membership [1][2] - The previous contract was set to expire on February 28, 2025, and employees have been advised to continue working without interruption [1] - The agreement is seen as a reward for employees and is expected to contribute to the long-term viability of ATI [2] Company Overview - ATI is a producer of high-performance materials and solutions for the aerospace and defense markets, as well as critical applications in electronics, medical, and specialty energy [3] - The company focuses on solving complex challenges through materials science and partners with customers to deliver extraordinary materials that enhance product performance [3] - ATI emphasizes its proprietary process technologies, unique customer partnerships, and commitment to innovation to provide solutions for challenging environments [3]

Industry Cyclicality and Demand - The cyclical nature of the industries served by the company leads to fluctuating demand for products, impacting future profitability [70] - A significant portion of sales is derived from the commercial aerospace industry, which is subject to cyclical trends influenced by economic conditions and consumer demand for air travel [71] - The company has experienced depressed demand from general industrial markets, particularly in the AA&S segment, which could adversely affect pricing and financial results [73] Cost and Supply Chain Challenges - Recent inflationary trends have resulted in increased costs for critical raw materials, including nickel and titanium, which may impact revenues and operating results [77] - The ongoing conflict between Russia and Ukraine has caused significant market disruptions, including volatility in commodity prices and supply chain interruptions [82] - The company relies on third parties for critical raw materials and supplies, which are subject to price and availability fluctuations, potentially affecting production capabilities [79] Labor and Workforce Management - Approximately 7,700 employees are active, with 35% covered by collective bargaining agreements, which are subject to renegotiation and could lead to labor disputes [87] - The company is focused on recruiting and retaining skilled personnel, as labor market pressures could impact operational efficiency and strategic execution [85] Environmental and Regulatory Risks - Climate change and regulatory efforts to transition to a lower-carbon economy present both opportunities and risks for the company's business [92] - The company is subject to various environmental laws that may require substantial cleanup costs and could increase operating costs due to compliance with new regulations [97] - Environmental liabilities recorded in the financial statements totaled approximately $15 million as of December 29, 2024, with no reasonable possibility of losses exceeding this amount for currently associated sites [98] - The company has publicly disclosed efforts to reduce greenhouse gas (GHG) emissions, but new regulations could increase operating costs and require capital investments for compliance [95] Operational Disruptions and Risks - Disruptions to manufacturing processes due to various factors could significantly impact the company's ability to fulfill orders and maintain product quality, potentially leading to material adverse effects on financial performance [100] - Future developments related to public health crises, such as the COVID-19 pandemic, could impact operations and financial performance, although the extent of such impacts is difficult to predict [109] Financial Position and Liabilities - As of December 29, 2024, the company's total consolidated indebtedness was approximately $1.9 billion, with an additional borrowing capacity of about $525 million under its Asset Based Lending (ABL) credit facility [111] - The company is identified as a potentially responsible party (PRP) at 41 sites under federal Superfund laws, with potential loss exposure on 8 sites considered material [97] - The company is involved in ongoing litigation related to its pension plan obligations, with two lawsuits filed in federal court following a purchase of group annuity contracts [105] Strategic and Capital Project Risks - The company faces risks associated with strategic capital projects, where unanticipated costs or delays could materially affect financial results [103] - Export sales are expected to continue accounting for a significant percentage of future revenues, with risks including political instability and trade sanctions that could adversely affect results [101] Financial Instruments and Hedging - The company utilized derivative financial instruments to hedge exposure to energy and raw material price volatility, with a focus on minimizing counterparty risk [235] - A hypothetical $1.00 per MMBtu increase in natural gas prices would result in increased annual energy costs of approximately $6 to $8 million [237] - The company used approximately 70 million pounds of nickel in fiscal year 2024, where a $1.00 per pound change in nickel prices would lead to increased costs of approximately $70 million [240] - As of December 29, 2024, the company hedged approximately 75% of its annual forecasted domestic requirements for natural gas for fiscal year 2025 [239] - The net mark-to-market valuation of outstanding natural gas hedges resulted in an unrealized pre-tax loss of $0.1 million as of December 29, 2024 [239] - The company recognized $2.2 million of expense for settled foreign currency forward contracts not designated as hedges during the fiscal year ended December 29, 2024 [243] - The company had no significant outstanding foreign currency forward contracts as of December 29, 2024 [242] - The company’s financial derivatives related to nickel hedging amounted to approximately 4 million pounds, covering about 5% of a single year's estimated nickel raw material purchase requirements [241] Goodwill and Financial Reporting - For fiscal year 2024, both reporting units with goodwill had fair values exceeding carrying values, indicating no impairment charges anticipated [114] - The company purchased group annuity contracts covering approximately 85% of its U.S. qualified defined benefit plan obligations, expecting no significant minimum cash funding requirements for at least ten years [113]