Every material Form 8-K ATI has filed with the SEC since August 06, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
ATI Inc. reported third-quarter 2026 sales of $1.42 billion and net income attributable to ATI of $190 million, reflecting year-over-year sales growth of 26 percent. Driven by strong demand and disciplined execution, the company raised its full-year 2026 adjusted EBITDA guidance by $35 million to a range of $1.190 billion to $1.200 billion.
Sales reached $1.42 billion in the third quarter of 2026, a 26% increase compared to the third quarter of 2025.
Net income attributable to ATI was $190 million, or $1.37 per share, up 73% year-over-year.
Adjusted EBITDA rose 46% year-over-year to $328 million for the third quarter of 2026.
Full-year 2026 adjusted EBITDA guidance was raised by $35 million to $1.190 billion - $1.200 billion.
ATI reported second quarter 2026 sales of $1.26 billion, up 11% year-over-year, and net income attributable to ATI of $151 million, up 50%. The company raised its full-year 2026 adjusted EBITDA and adjusted EPS guidance, which gives shareholders a higher outlook for earnings than it previously provided.
Q2 2026 diluted EPS was $1.09 versus $0.70 in Q2 2025; adjusted EPS was $1.23 versus $0.74.
Full-year 2026 adjusted EBITDA guidance raised to $1,135 million-$1,185 million from $1,010 million-$1,060 million.
Full-year 2026 adjusted EPS guidance raised to $4.90-$5.18 from $4.20-$4.48.
In Q2 2026 the company repurchased $50 million of common stock at an average price of $159.53, with $495 million of authorization remaining.
ATI Inc. completed the sale of $450 million of unsecured 5.875% Senior Notes due June 15, 2033, under its shelf registration. The notes add $450 million of long-term debt, and the filing sets out interest payment dates and early redemption terms that shareholders should weigh against the company's existing obligations.
Principal amount: $450 million; interest of 5.875% per annum, payable semi-annually on June 15 and December 15, starting December 15, 2026
Maturity: June 15, 2033; the company may redeem before June 15, 2029 at a premium, and from June 15, 2029 at specified redemption prices
Indenture dated September 14, 2021 with Computershare Trust Company, N.A., as successor trustee; Third Supplemental Indenture dated June 8, 2026; underwriter is Goldman Sachs & Co. LLC
ATI reported first-quarter 2026 sales of $1.15 billion, up 1% from a year earlier, and net income attributable to ATI of $118 million, up 22%. The company raised its full-year 2026 adjusted EPS, adjusted EBITDA and adjusted free cash flow guidance, and its Board authorized an additional $500 million share repurchase, which matters to shareholders because it reflects higher profit and a larger capital return plan, though GAAP results include $26.4 million of pre-tax special charges.
Diluted EPS was $0.85 versus $0.67 a year earlier; adjusted EPS was $1.00 versus $0.72
Full-year 2026 adjusted EPS guidance raised to $4.20-$4.48 from $3.99-$4.27
Full-year adjusted free cash flow guidance raised to $465 million-$525 million from $430 million-$490 million
Board authorized an additional $500 million share repurchase; $545 million remained at end of first quarter
ATI reported fourth quarter 2025 sales of $1.18 billion, up 5% from the third quarter and flat from a year earlier, with GAAP diluted EPS of $0.69 versus $0.94 a year ago. Adjusted EPS rose to $0.93 from $0.79, but the company recorded $22.9 million of restructuring and other charges and an $18.6 million pension remeasurement loss in the quarter. The company also set fiscal 2026 adjusted EBITDA guidance of $975 million to $1.025 billion and adjusted EPS guidance of $3.99 to $4.27.
Q4 2025 sales were $1.18 billion, up 5% from Q3 2025 and flat from Q4 2024
Q4 2025 GAAP diluted EPS was $0.69, down from $0.94 in Q4 2024; adjusted EPS was $0.93, up from $0.79
Fiscal 2026 guidance: adjusted EBITDA of $975 million to $1.025 billion and adjusted EPS of $3.99 to $4.27, versus fiscal 2025 adjusted EPS of $3.24
In fiscal 2025 the company repurchased $470 million of shares and repaid $150 million of debt in Q4
ATI Inc. appointed J. Robert Foster as Senior Vice President, Finance and Chief Financial Officer, effective January 1, 2026, succeeding Donald Newman, who retires March 1, 2026. The filing also discloses that Chief Human Resources Officer Tina K. Busch resigned on December 5, 2025, and that the company reiterated its fourth quarter and full year 2025 guidance.
Foster's base salary is $625,000, with a 2026 annual incentive target of 80% of salary and a 2026 long-term incentive grant value of 200% of salary.
Newman remains CFO through December 31, 2025, then serves as Strategic Advisor to the CEO beginning January 1, 2026.
Busch resigned as Chief Human Resources Officer on December 5, 2025; the company will search for a successor.
Busch's consulting agreement runs through January 2027, with non-compete and non-solicitation restrictions through January 2028.
ATI Inc. said its Board appointed President and CEO Kimberly A. Fields as Board Chair, effective May 14, 2026, at the company's Annual Meeting of Stockholders. Robert S. Wetherbee, currently Executive Chairman, will retire as Executive Chairman and as a board member at that time. The filing combines the CEO and Chair roles in one person, which changes the company's leadership structure.
Kimberly A. Fields, President and CEO since July 1, 2024, will become Board Chair effective May 14, 2026
Robert S. Wetherbee will retire as Executive Chairman and as a Board member at the same time
The Board named Lead Independent Director Brett Harvey as the company's spokesperson on the change, with no financial figures disclosed
ATI reported third quarter 2025 sales of $1.13 billion, up 7% year over year, and GAAP diluted earnings per share of $0.78, up from $0.57. The company raised its full-year 2025 adjusted EPS and adjusted EBITDA ranges and repurchased $150 million of its stock during the quarter, which bears on shareholder returns and the outlook for per-share earnings.
Q3 2025 sales of $1.13 billion, up 7% year over year; net income attributable to ATI of $110 million, up 33%
Full-year 2025 adjusted EPS guidance raised to $3.15 to $3.21 from $2.90 to $3.07
Full-year 2025 adjusted EBITDA guidance raised to $848 million to $858 million from $810 million to $840 million
Repurchased $150 million of common stock in Q3 2025; $120 million of authorization remained at quarter end
ATI Specialty Materials, an indirect wholly-owned subsidiary of ATI Inc., entered into a three-year, $125 million accounts receivable securitization facility on September 19, 2025, with PNC Bank as administrative agent. As of September 25, 2025, approximately $80 million was outstanding under the facility, which adds a direct financial obligation for the company.
Facility size: up to $125 million in aggregate, with a three-year term
Approximately $80 million in loans and/or investments outstanding as of September 25, 2025
Interest accrues based on one-month SOFR-based rates, and the agreements include customary fees, covenants and events of default
PNC Bank, National Association serves as administrative agent and PNC Capital Markets LLC as structuring agent
ATI Inc. said Chief Financial Officer Don Newman will retire on March 1, 2026, and the company is searching for a successor. Newman will then provide consulting services through January 2027 for $10,000 per month, and the company reiterated its third-quarter and full-year 2025 guidance, which leaves the financial outlook unchanged.
Newman retires March 1, 2026; he remains CFO until then, and the company is working with an executive search firm.
Newman's consulting term runs ten months after retirement, through January 2027, at $10,000 per month.
Board expands from ten to twelve; Elizabeth Lund and Jean Lydon-Rodgers join effective November 1, 2025, both as independent directors.
ATI reiterated its guidance for the third quarter and full year 2025.
ATI reported second quarter 2025 sales of $1.14 billion, up 4% year over year, with net income attributable to ATI of $100.7 million, or $0.70 per diluted share, compared with $0.58 a year earlier. The company raised the mid-point of its full-year 2025 adjusted earnings and cash flow guidance and repurchased $250 million of stock in the quarter, bringing 2025 buybacks to $320 million.
Q2 2025 sales of $1.14 billion, up 4% year over year, with aerospace and defense sales of $761.8 million, or 67% of sales
Net income attributable to ATI of $100.7 million, up 23% year over year; adjusted EPS of $0.74 versus $0.60 a year earlier
Full-year 2025 adjusted EBITDA guidance of $810 million to $840 million and adjusted EPS guidance of $2.90 to $3.07; Q3 adjusted EBITDA guidance of $200 million to $210 million
Repurchased $250 million of common stock in Q2; $270 million of buyback authorization remains as of June 29, 2025
ATI Inc. and certain subsidiaries entered into a Second Amended and Restated Credit Agreement on June 13, 2025, with PNC Bank as agent, replacing a 2019 facility. The agreement runs through June 13, 2030 and includes a $600 million revolving credit facility, a $200 million term loan and up to $100 million of delayed draw term loans. The filing does not report any borrowings drawn under the facility, and the new terms set out covenants and collateral requirements that shareholders may want to review.
Credit agreement dated June 13, 2025 extends through June 13, 2030, with PNC Bank, National Association as agent
Includes a $600 million revolving credit facility and a $200 million term loan
Up to $100 million of delayed draw term loans available until the earlier of $100 million being advanced or June 13, 2026
Obligations secured by accounts receivable and inventory; a fixed charge coverage ratio of at least 1.00:1.00 applies if availability falls below the greater of 10% or $60.0 million
ATI reported first quarter 2025 sales of $1.14 billion, up 10% from a year earlier, and net income attributable to ATI of $97.0 million, up 47%. The company also updated its full-year 2025 guidance, which assumes about $250 million of share repurchases in the second quarter, and said a union agreement for Specialty Rolled Products employees was ratified.
Q1 2025 diluted EPS was $0.67 vs $0.46 in Q1 2024; adjusted EPS was $0.72 vs $0.48
Q1 2025 adjusted EBITDA was $194.6 million, or 17.0% of sales, vs $151.0 million a year earlier
Full-year 2025 guidance: adjusted EBITDA $800 million to $840 million; adjusted EPS $2.87 to $3.09
Q1 2025 repurchases were $70 million; the guidance assumes about $250 million in Q2 2025 repurchases
ATI reported fourth quarter 2024 sales of $1.2 billion, up 10% from the prior year, while net income attributable to ATI was $137.1 million, or $0.94 per diluted share, down from $0.99 a year earlier. The company also issued its first 2025 guidance, with full-year adjusted EBITDA of $800 million to $840 million and adjusted EPS of $2.80 to $3.00.
Q4 2024 sales were $1,172.7 million, up 10% from Q4 2023; diluted EPS was $0.94 versus $0.99 a year earlier.
Q4 2024 adjusted EPS was $0.79 and ATI adjusted EBITDA was $209.8 million, or 17.9% of sales.
Full-year 2025 guidance: adjusted EBITDA of $800 million to $840 million and adjusted EPS of $2.80 to $3.00.
Full-year 2024 sales were $4.4 billion, the highest since 2012, and the company repurchased $260 million of stock.
ATI reported third quarter 2024 sales of $1.05 billion, up 2% from a year earlier, but diluted earnings per share fell 8% to $0.57 and net income attributable to ATI fell 8% to $82.7 million. The company lowered its full-year 2024 adjusted EBITDA and adjusted EPS guidance, citing customer uncertainty and delayed aerospace shipments, which weighs on shareholder expectations for the year.
Q3 2024 sales were $1.05 billion versus $1,025.6 million in Q3 2023; diluted EPS was $0.57 versus $0.62.
Full-year 2024 adjusted EBITDA guidance was cut to $700 million-$710 million from $720 million-$750 million.
Full-year 2024 adjusted EPS guidance was lowered to $2.24-$2.30 from $2.40-$2.60.
The board authorized a $700 million share repurchase; $660 million remained as of September 29, 2024.
ATI Inc. reported second quarter 2024 sales of $1.1 billion, up 5% from the first quarter and 5% from a year earlier, with net income attributable to ATI of $81.9 million, or $0.58 per share. Net income fell 9% and diluted earnings per share fell 6% from the prior-year quarter, and the company said it reaffirmed its full-year 2024 outlook. For shareholders, sequential growth was strong, but year-over-year earnings declined.
Q2 2024 sales were $1,095.3 million, up 5% from Q1 2024 and up 5% from Q2 2023.
Net income attributable to ATI was $81.9 million, or $0.58 per diluted share, versus $0.46 in Q1 2024 and $0.62 in Q2 2023.
Adjusted EPS was $0.60 and ATI adjusted EBITDA was $182.6 million, or 16.7% of sales.
Management reaffirmed its full-year 2024 outlook; cash on hand was $426 million at June 30, 2024.
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