Every material Form 8-K ATI filed with the SEC in 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 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.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every ATI filing is on SEC EDGAR ↗. 8-K briefs of other companies →