ATI lowers 2024 adjusted EPS view to $2.24-$2.30 from $2.40-$2.60

Consensus for 2024 EPS is $2.45. Lowers 2024 adjusted EBITDA view to $700M-$710M from $720M-$750M. Narrows 2024 CapEx view to $210M-$230M from $190M-$230M. “Q3 presented challenges and we expect to continue to see uncertainty with our most critical customers through the remainder of 2024 and first part of 2025. That said, the demand in our end markets remains very strong and our strategy of leading in aerospace & defense and ‘aero-like’ markets will deliver growth and continued margin expansion,” said CEO Fields. “We remain committed to creati (ATI)ng lasting shareholder value.”