Allegheny Technologies (ATI) Tops Q3 EPS by 7c
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ATI Announces Third Quarter 2021 Results
October 28, 2021 7:30 AM EDTPITTSBURGH, Oct. 28, 2021 /PRNewswire/ -- Allegheny Technologies Incorporated (NYSE: ATI) reported third quarter 2021 results, with sales of $726 million and net income attributable to ATI of $48.7 million, or $0.35 per share. Excluding pretax gains of $64.9 million for postretirement medical benefits and $13.7 million for the sale of the Flowform Products business, $2.3 million of prior restructuring charge reversals, and charges of $22.9 million for strike-related costs, adjusted net income attributable to ATI was $6.2 million, or $0.05 per share. Adjusted EBITDA was $79.9 million, or 11.0% of sales.Â
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