ATI Announces First Quarter 2019 Results
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Allegheny Technologies (ATI) Misses Q1 EPS by 4c
April 23, 2019 7:34 AM EDTAllegheny Technologies (NYSE: ATI) reported Q1 EPS of $0.12, $0.04 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1 billion.
Sales were $1.0 billion, 3% higher than Q1 2018High Performance Materials & Components (HPMC) sales of $601 million, increased 7% versus Q1 2018Flat Rolled Products (FRP) sales of $404 million, down 4% versus Q1 2018Business segment operating profit was $61.7 million, or 6.1% of salesHPMC segment operating profit was $72.6 million, or 12.1% of salesFRP segment operating loss was $10.9 million, or (2.7)% of salesBoth segments impacted by unexpected short-term... More