Overview
ATI Q3 revenue up 7% yr/yr to $1.13 bln, missing analyst expectations
Adjusted EPS of $0.85 beats analyst expectations, reflecting strong operational performance
Company raises full-year guidance for adjusted earnings and cash flow
Outlook
ATI raises full-year adjusted EPS guidance to $3.15 - $3.21
Company forecasts Q4 2025 adjusted EBITDA between $221M and $231M
ATI projects full-year adjusted free cash flow of $330M - $370M
Result Drivers
AEROSPACE & DEFENSE GROWTH - Co reports 21% increase in aerospace & defense sales, driving overall revenue growth
MARGIN IMPROVEMENT - Improved sales mix and pricing in HPMC and AA&S segments boosted margins
STRONG DEMAND - Increased demand for commercial jet engines and defense products boosted sales
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $1.12 bln | $1.12 bln (7 Analysts) |
Q3 Adjusted EPS | Beat | $0.85 | $0.74 (9 Analysts) |
Q3 EPS | $0.78 | ||
Q3 Adjusted Net Income | $119.40 mln | ||
Q3 Net Income | $110 mln | ||
Q3 Adjusted EBITDA | $225.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for ATI Inc is $100.00, about 8.3% above its October 27 closing price of $91.71
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 26 three months ago
Press Release: ID:nPn7L4m6za
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)