Allegheny Technologies (ATI) Tops Q1 EPS by 9c
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ATI Announces First Quarter 2020 Results
May 5, 2020 7:30 AM EDTSales of $956 million, down 5% compared to Q1 2019, in line with PY excluding divestitures Business segment operating profit of $81.2 million, or 8.5% of sales, up 32% vs. PY $639 million of cash on hand; managed working capital % sales in line with PY Net income attributable to ATI of $21.1 million, or $0.16 per share Adjusted net income of $26.6 million, or $0.20 per share Adjusted EBITDA of $101.6 million, or 10.6% of sales Impact of COVID-19 on 2020 uncertain; Full Year 2020 guidance withdrawn
PITTSBURGH--(BUSINESS WIRE)-- Allegheny... More
