Labor DisputesATI announced that its Specialty Rolled Products employees in Western PA and Lockport, NY, and the United Steelworkers failed to ratify a labor agreement.
Market SentimentATI closed down 10.1% after reporting lackluster 3Q24 earnings driven by softer than expected volumes across commercial aerospace and industrial end-markets.
Operational ChallengesOperational hurdles included two unexpected outages in late 3Q24, including a design flaw at an HPMC nickel melt shop and a water pump failure at the AA&S segment.