Allegheny Technologies (ATI) Reports Q4 Loss of $0.04
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ATI Announces Fourth Quarter and Full Year 2016 Results
January 24, 2017 7:15 AM ESTFourth Quarter 2016 Results
Sales were $796 million, up 3% compared to Q3 2016 Business segment operating profit improved to $53 million, or 6.7% of sales High Performance Materials & Components segment operating profit improved to $54 million, or 11% of sales Increase of almost 15% compared to Q3 2016 Flat Rolled Products segment nearly break-even, at $1 million operating loss Net income attributable to ATI was $10 million, or $0.09 per share Results include $29 million pretax, or $(0.17) per share, of restructuring charges across HPMC titanium... More