ATI Q2 2024 sales rise 5% to $1.1 billion; EPS $0.58, down 6% from a year ago
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.