ATI Inc. ( (ATI) ) has released its Q4 earnings. Here is a breakdown of the information ATI Inc. presented to its investors.
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ATI Inc., a global producer of high-performance materials and solutions, primarily serves the aerospace and defense markets with applications in electronics, medical, and specialty energy sectors. The company is known for its innovative materials science solutions that tackle complex challenges in diverse environments.
ATI Inc. recently announced record-breaking sales for 2024, reaching $4.4 billion—the highest since 2012. The fourth quarter alone saw sales of $1.2 billion, marking a 10% increase from the previous year. The aerospace and defense sectors accounted for 65% of these sales, reflecting the company’s strong ties to these industries.
The company reported a full-year net income of $368 million, translating to $2.55 per share, with a remarkable increase in operating cash flow to $407 million from the previous year’s $86 million. Notably, free cash flow rose by 50% to $248 million. ATI has also been actively investing in capital expenditures, spending $239 million to enhance its capabilities, while repurchasing $260 million worth of shares, ending the year with $721 million in cash.
Looking ahead, ATI Inc. remains optimistic about its growth prospects for 2025, focusing on capitalizing on strong market demand and strategic investments. The company emphasizes its readiness to adapt to changing global trade policies and geopolitical uncertainties, expecting both growth and margin expansion in the coming years.
