Deutsche Bank Downgrades Allegheny Technologies (ATI) to Hold
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ATI Announces Third Quarter 2016 Results
October 25, 2016 7:15 AM EDTThird Quarter 2016 Results
Sales were $771 million Business segment operating profit was $26 million, or 3.4% of sales High Performance Materials & Components segment operating profit improved by over 20% compared to Q2 2016, to $47 million, or 10% of sales Flat Rolled Products segment operating loss decreased over 30% compared to Q2 2016, to $21 million Q3 2016 segment results exclude Rowley, UT titanium sponge operations Net loss attributable to ATI was $531 million, or $(4.95) per share Q3 2016 results include $508 million,... More