Allegheny Technologies (ATI) Misses Q1 EPS by 4c
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ATI Announces First Quarter 2019 Results
April 23, 2019 7:30 AM EDTIncreased sales offset by unexpected operational headwinds; on track to deliver improved results for remainder of 2019
First Quarter 2019 Highlights
Sales were $1.0 billion, 3% higher than Q1 2018 High Performance Materials & Components (HPMC) sales of $601 million, increased 7% versus Q1 2018 Flat Rolled Products (FRP) sales of $404 million, down 4% versus Q1 2018 Business segment operating profit was $61.7 million, or 6.1% of sales HPMC segment operating profit was $72.6 million, or 12.1% of sales FRP segment operating loss was $10.9 million, or (2.7)% of sales... More