Allegheny Technologies (ATI) Tops Q2 EPS by 10c
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ATI Announces Second Quarter 2020 Results
August 4, 2020 7:30 AM EDTSales of $770 million Business segment operating profit of $27.3 million, or 3.5% of sales Net loss attributable to ATI of $422.6 million, or $(3.34) per share, includes $420 million in after-tax charges for goodwill impairment, debt extinguishment, restructuring and income tax valuation allowances Adjusted net loss of $2.3 million, or $(0.02) per share Adjusted EBITDA of $57.6 million, or 7.5% of sales $539 million of cash at June 30, $1 billion total liquidity Increased 2020 cost savings targets by $25 million vs. previous estimates
PITTSBURGH--(BUSINESS WIRE)-- Allegheny Technologies... More
