Allegheny Technologies (ATI) Tops Q4 EPS by 13c

Allegheny Technologies (NYSE: ATI) reported Q4 EPS of $0.25, $0.13 better than the analyst estimate of $0.12. Revenue for the quarter came in at $765.4 million versus the consensus estimate of $729.77 million.

Outlook

"Looking ahead to the first quarter, we anticipate strong year-over-year revenue and earnings growth primarily driven by the ongoing commercial aerospace recovery and our business transformation efforts. We expect normal seasonal cash outflows, including deploying working capital to meet increased demand requirements," said Wetherbee. "We will provide more color on our long-term strategic priorities and growth expectations during our virtual Investor Day on February 17," concluded Wetherbee.

For earnings history and earnings-related data on Allegheny Technologies (ATI) click here.

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