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ATI (ATI)
NYSE:ATI
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.61Last Year’s EPS
$0.64Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -13.86%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with significant operational challenges and demand volatility affecting short-term results, particularly due to Boeing's work stoppage. However, strategic initiatives such as margin improvements, strong defense demand, and share repurchases indicate a positive long-term trajectory.Company Guidance
During the ATI Third Quarter 2024 Earnings Call, the company reported mixed results, with adjusted EBITDA reaching approximately $186 million, slightly below the guided range of $189 million to $199 million. Adjusted earnings per share stood at $0.60, also falling short of the expected $0.63 to $0.69 per share. Despite these shortfalls, the company experienced several positive developments, such as the HPMC segment's EBITDA margin improving by over 200 basis points and consolidated EBITDA margins increasing by 100 basis points. A&D mix remained above 60%, and the backlog remained stable. ATI attributed the earnings miss to unexpected market volatility and operational challenges, particularly in the final weeks of the quarter. These challenges were exacerbated by a Boeing work stoppage and supply chain disruptions, impacting the demand for titanium products. The company has adjusted its expectations for the fourth quarter and full year 2024, anticipating adjusted EBITDA between $181 million and $191 million, and aims for a full-year range of $700 million to $710 million. However, ATI is confident in its long-term strategy, suggesting a potential adjusted EBITDA target of $800 million to $900 million for 2025 and exceeding $1 billion by 2027.EBITDA Margin Improvements
Consolidated EBITDA margins increased by 100 basis points, with HPMC segment showing over 200 basis points of improvement, moving closer to mid-20s range.
Strong Jet Engine and Defense Demand
Jet engine and defense sectors remain robust, with significant demand and continued growth expectations.
Share Repurchase Authorization
Board of Directors authorized up to $700 million in future share repurchases, with $40 million repurchased this quarter.
Strategic Asset Divestitures
Plans to monetize up to $40 million of noncore assets in Q4 to support growth and operational improvements.
Steady Aerospace and Defense Mix
A&D content remains high, with A&D accounting for 60% of the mix, supporting long-term growth.
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ATI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ATI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $63.22 | $56.82 | -10.12% |
| Aug 06, 2024 | $60.97 | $59.86 | -1.82% |
| Apr 30, 2024 | $51.90 | $59.70 | +15.03% |
| Feb 01, 2024 | $40.87 | $38.55 | -5.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ATI (ATI) report earnings?
ATI (ATI) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is ATI (ATI) earnings time?
ATI (ATI) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ATI EPS forecast?
ATI EPS forecast for the fiscal quarter 2024 (Q4) is $0.61.
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