ATI Inc. (NYSE: ATI) shares surged 5.74% in pre-market trading after the specialty materials manufacturer reported first-quarter 2025 results that exceeded analyst expectations. The company delivered strong year-over-year growth driven by robust demand in its aerospace and defense markets.
ATI reported adjusted earnings per share of $0.72, significantly beating the analyst consensus estimate of $0.59. Revenue for the quarter came in at $1.14 billion, surpassing expectations of $1.09 billion. The company's aerospace and defense sales, which accounted for 66% of total revenue, grew by 23% compared to the same period last year.
Adding to investor optimism, ATI provided an upbeat outlook for the full year 2025. The company raised its adjusted earnings per share guidance to a range of $2.87 to $3.09, above the current analyst consensus of $2.86. Management cited continued strength in its core markets and the benefits of strategic investments in capacity and capabilities as key drivers for the improved forecast.