$ATI (Allegheny Technologies Inc.)

$ATI {{ '2015-08-14T13:22:38+0000' | timeago}} • Announcement

$ATI Allegheny Tech issued today lockout notice involving more than 2,000 workers at various facilities. Lockout takes effect August 15, 2015. ATI will continue to operate affected facilities & continue serving customer needs with ATI salaried & non-union employees, & temporary professional staffing until new contract can be finalized with the USW.

$ATI {{ '2018-01-11T15:18:46+0000' | timeago}} • Announcement

$ATI signed two new Long-Term Pricing Agreements (LTPAs) with $GD Land Systems to be the preferred supplier of titanium plate for the Abrams tank (United States) and the AJAX specialist vehicle (United Kingdom). The Abrams LTPA runs through 2019 while the AJAX LTPA runs through 2021.

$ATI {{ '2017-10-12T15:27:12+0000' | timeago}} • Announcement

$ATI announced a non-cash net of tax charge of $114MM or $1.05 per share for goodwill impairment related to the Cast Products business. $ATI expects 3Q17 sales to be $865-875MM with a reported loss of $1.11-1.14 per share, including the $1.05 per share impairment charge. Excluding the charge, reported loss is expected to be $0.06-0.09 per share.

$ATI {{ '2017-08-11T15:39:43+0000' | timeago}} • Webcast

$ATI said it expects 'inventory turns' to grow about 10% YoY in fiscal 2018. During the year, the majority of the capital expenditure will be related to investments in technology and innovation. Going ahead, the company sees very modest supplier price inflation, which would have only less than 1% impact on the overall financial performance.

$ATI {{ '2017-08-11T14:47:11+0000' | timeago}} • Webcast

For fiscal 2018, $ATI expects gross profit margin to increase 20-30 basis points. Selling, distribution and administrative expenses are forecast to grow at a slightly lower rate than the projected 3-5% growth in sales. Capital expenditure is expected to be in the $18-$19MM range. The company targets quarterly share repurchases of $10-$15MM in 2018.

$ATI {{ '2017-08-11T14:33:36+0000' | timeago}} • Webcast

$ATI said it returned $52.9MM to shareholders through dividends and share repurchases in 4Q17. Acquisitions had a positive impact of $0.8% on sales, while foreign currency impacts decreased sales by 0.4%. Gross profit moved up 70 basis points YoY to 28.8% during the quarter, which saw an effective income tax benefit of 14.2%.

$ATI {{ '2017-07-28T20:50:49+0000' | timeago}} • Announcement

$ATI appointed Scott Minder as VP, Investor Relations. Minder succeeds Danny Greenfield who informed his retirement in early 2018. Greenfield will serve as VP and Special Assistant to the CFO until his retirement, to help ensure a smooth transition of $ATI's investor relations leadership.

$ATI {{ '2017-07-25T15:24:30+0000' | timeago}} • Announcement

$ATI has inked a Long-Term Purchase Agreement with Pratt & Whitney, a $UTX company, to supply isothermal forgings and nickel-based powder alloys for next-generation jet engines. The deal begins in 2017 and is expected to generate revenues in excess of $1Bil from 2017 to 2030.

$ATI {{ '2017-07-05T15:28:15+0000' | timeago}} • Announcement

Specialty materials manufacturer $ATI has entered into joint venture with $GE company GE Aviation for developing technology to produce a meltless titanium alloy powder. As per the deal, the companies will set up a new R&D pilot production facility. The alloy will be used in additive manufacturing applications, including 3D printing.

$ATI {{ '2017-06-29T16:03:02+0000' | timeago}} • Announcement

$ATI commented on 2Q17 and said it has extended its Asset Based Lending (ABL) facility, including the maturity of its $100MM term loan, to February 2022. $ATI expects to report 2Q17 sales of $865-890MM and EPS of $0.04-0.09. Corporate and closed operations expenses are expected to be about $10MM higher in 2Q17 compared to 1Q17.

$ATI {{ '2016-12-01T22:04:18+0000' | timeago}} • Announcement

$ATI's BoD decided to suspend its quarterly dividend effective immediately. This will save nearly $35MM annually. In 2017 $ATI plans to make a $135MM contribution to its US defined benefit pension plan and repay its $100MM term loan due in 2017. $ATI expects Capex to be about $120MM in 2017, and to be about $100MM annually for the upcoming years.

$ATI {{ '2016-08-25T08:15:07+0000' | timeago}} • Announcement

$ATI has entered into long-term, cost competitive supply agreements with some global producers of premium and standard-grade titanium sponge. Titanium purchased under these agreements will replace titanium produced at $ATI's Rowley facility. The Rowley facility will be idled such that it can be restarted in future if supported by market conditions.

$ATI {{ '2016-08-25T08:14:43+0000' | timeago}} • Announcement

$ATI expects pre-tax, non-cash impairment charges of $470MM for idled facilities and pre-tax shutdown and idling costs of $34MM. Company expects $183MM, or $1.71 per share, in non-cash income tax allowance related to US federal tax benefits. Total charges are expected to be $4.89 per share, of which $4.83 is expected in 3Q16 and rest in 4Q16.

$ATI {{ '2016-08-25T08:14:21+0000' | timeago}} • Announcement

$ATI said it is taking some actions like indefinitely idling its Rowley, UT titanium sponge production facility and consolidating some titanium manufacturing operations in Albany, OR to improve its financial performance. These actions are expected to improve operating income by about $50MM from 2017 and generate about $50MM of cash flow.

$ATI {{ '2016-08-04T18:42:21+0000' | timeago}} • Announcement

$ATI said its BoD declared a quarterly cash dividend of $0.08 per share of its common stock. The dividend is payable on Sept. 8, 2016 to stockholders of record at the close of business on Aug. 18, 2016.

$ATI {{ '2016-06-01T21:28:41+0000' | timeago}} • Announcement

$ATI said that underwriters have exercised their over-allotment option to purchase an additional $37.5MM aggregate principal amount of 4.75% convertible senior notes due 2022. The closing of the option exercise is expected to occur on June 2, 2016. At closing, $ATI would have issued a total of $287.5MM aggregate principal amount of notes.

$ATI {{ '2016-05-17T20:28:03+0000' | timeago}} • Announcement

$ATI said it intends to offer, subject to market and other conditions, a series of convertible senior notes. The offering will be made pursuant to the company's effective shelf registration statement filed with the SEC on May 15, 2015. Citigroup, JP Morgan and BofA Merrill Lynch are the joint book-running managers for the offering.

$ATI {{ '2016-05-06T18:04:27+0000' | timeago}} • Announcement

Specialty metals company $ATI said that its BoD declared a quarterly cash dividend of $0.08 per share, payable on June 9, 2016 to stockholders of record on May 27, 2016.

$ATI {{ '2016-04-18T22:15:27+0000' | timeago}} • Announcement

$ATI said it is restructuring its Flat Rolled Products (FRP) operations by eliminating over 250 positions. Subsequently, $ATI will record a $9MM severance charge in 1Q16 results, the company said. These actions are expected to generate annualized cost savings benefits of over $30MM beginning 3Q16, it added.

$ATI {{ '2016-03-07T04:59:21+0000' | timeago}} • Announcement

Specialty materials producer $ATI said union-represented employees of its Flat Rolled Products Group and other locations will return to work in the week of March 13, 2016. This is after members approved the new 4-year deal with United Steelworkers. All charges pending with the National Labor Relations Board have been withdrawn.

$ATI {{ '2016-02-26T18:07:44+0000' | timeago}} • Announcement

Maker of specialty materials and components $ATI said that its Board of Directors declared a quarterly cash dividend of $0.08 per share of common stock. This dividend is payable on March 24, 2016 to stockholders of record at the close of business on March 11, 2016.

Recent Transcripts

MSM (MSC Industrial Direct Co. Inc.)
Wednesday, January 10 2018 - 1:30pm
ATU (Actuant Corporation)
Wednesday, December 20 2017 - 4:00pm
WOR (Worthington Industries, Inc.)
Tuesday, December 19 2017 - 7:30pm
DCI (Donaldson Company, Inc.)
Thursday, November 30 2017 - 3:00pm
HAYN (Haynes International, Inc.)
Friday, November 17 2017 - 2:00pm
MT (ArcelorMittal)
Friday, November 10 2017 - 12:00am
GGB (Gerdau S.A.)
Wednesday, November 8 2017 - 4:00pm
TIS (Orchids Paper Products Company)
Wednesday, November 8 2017 - 3:00pm
SYNL (Synalloy Corporation)
Tuesday, November 7 2017 - 2:00pm
SAND (Sandstorm Gold Ltd.)
Thursday, November 2 2017 - 3:00pm
MLM (Martin Marietta Materials, Inc.)
Thursday, November 2 2017 - 3:00pm
TWI (Titan International Inc.)
Thursday, November 2 2017 - 1:00pm
AME (Ametek Inc.)
Thursday, November 2 2017 - 12:30pm
TX (Ternium S.A.)
Wednesday, November 1 2017 - 1:15pm
X (United States Steel Corp.)
Wednesday, November 1 2017 - 12:30pm
SID (Companhia Siderúrgica Nacional)
Tuesday, October 31 2017 - 4:30pm
ETN (Eaton Corporation plc)
Tuesday, October 31 2017 - 2:00pm
MSM (MSC Industrial Direct Co. Inc.)
Tuesday, October 31 2017 - 12:30pm
TGB (Taseko Mines Ltd.)
Friday, October 27 2017 - 3:00pm
WM (Waste Management, Inc.)
Thursday, October 26 2017 - 2:00pm

AlphaGraphics you may like