Allegheny Technologies (ATI) Tops Q2 EPS by 17c
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ATI Announces Second Quarter 2022 Results
August 4, 2022 7:30 AM EDTStrong jet engine sales growth and operating discipline drive improved financial performance
Sales of $959.5 million, 15% above Q1 2022; highest quarterly total since Q4 2019Net loss attributable to ATI of $38.0 million, or $(0.31) per share, including $115.9 million non-cash loss on sale of Sheffield, UK operationsNon-GAAP informationAdjusted net income attributable to ATI of $76.7 million, and adjusted EPS of $0.54 ATI Adjusted EBITDA was $143.1 million, or 15% of salesDALLAS, Aug. 4, 2022 /PRNewswire/... More
