ATI Announces Fourth Quarter and Full Year 2019 Results

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Allegheny Technologies (ATI) Tops Q4 EPS by 4c

February 4, 2020 7:31 AM EST

Allegheny Technologies (NYSE: ATI) reported Q4 EPS of $0.36, $0.04 better than the analyst estimate of $0.32. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $994.42 million.

Strategy and Outlook:

Looking ahead, we expect to increase first quarter earnings per share year-over-year on a like-tax basis despite aerospace industry challenges, said Wetherbee. We are proactively managing our cost structure and will be opportunistic with our capacity to minimize the negative financial impacts from the 737 MAX production stoppage. We will provide more commentary on our full-year 2020 outlook and underlying assumptions in our fourth... More