ATI Announces First Quarter 2018 Results

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Allegheny Technologies (ATI) Tops Q1 EPS by 8c

April 24, 2018 7:34 AM EDT

Allegheny Technologies (NYSE: ATI) reported Q1 EPS of $0.32, $0.08 better than the analyst estimate of $0.24. Revenue for the quarter came in at $979 million versus the consensus estimate of $932.88 million.

Strategy and Outlook

We expect continued year-over-year revenue growth and operating margin improvement in our HPMC segment in 2018 resulting from ongoing aerospace market demand growth and improved asset utilization. We continue to... More