NYSE$ATI
ATI Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
ATI's Q1 2022 results were driven by aerospace-driven growth, with a focus on ramp readiness.
Allegheny Technologies Incorporated reported strong first quarter 2022 results, driven by expansion in the commercial aerospace market and growth in other key end markets. Sales reached $834.1 million, a 9% increase from the previous quarter and a 20% increase compared to the prior year. Net income attributable to ATI was $30.9 million, or $0.23 per share. The company benefited from its commitment to remain ramp-ready and manage costs effectively.
- Sales of $834.1 million, 9% above fourth quarter 2021 and 20% higher than prior year
- Net income attributable to ATI of $30.9 million, or $0.23 per share
- Repurchased 3.5 million shares of ATI stock for $90 million, averaging $25.57/share
- Adjusted EBITDA was $125 million, or 15% of sales
Headline financials
Revenue & EPS history
ATI · Revenue · Quarterly
$834M
Revenue by segment
ATI · $342M total across 1 segment · Q1 2022
- HPMC$342M+41.8%100.0%
Forward guidance
Looking ahead to the second quarter, ATI expects continued growth in its most significant end markets, with lean cost structures giving the company an advantage to improve earnings and margins versus the prior year. The company will continue to improve inventory efficiency while ensuring an adequate supply of input materials to achieve growth. The company is closely monitoring the geopolitical volatility in Europe and Asia, working closely with customers and suppliers to ensure they are in the best position to effectively accelerate business velocity and reward stakeholders.
Tailwinds
- Continued growth in significant end markets
- Lean cost structures will improve earnings
- Improved margins versus the prior year
- Improving inventory efficiency
- Ensuring adequate supply of input materials
Headwinds
- Geopolitical volatility in Europe
- Geopolitical volatility in Asia
- Challenges created by geopolitical volatility
- Long-term opportunities impacted by geopolitical volatility
- Need to work closely with customers and suppliers
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+2.5%
Avg return
Earnings day
+5.3%
Avg return
5 days after
+9.2%
Avg return
30 days after
60%
43 / 72 earnings
Positive
+28.8%
Q4 2016
Best reaction
-19.8%
Q3 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.7% | +6.2% | +19.8% | |
| Q4 2025 | +4.3% | +9.7% | +26.6% | |
| Q3 2025 | +7.1% | +7.9% | +9.4% | |
| Q1 2025 | +14.5% | +26.5% | +46.5% | |
| Q4 2024 | +9.9% | +8.3% | -1.2% | |
| Q3 2024 | -14.3% | -15.5% | -4.9% | |
| Q2 2024 | -2.6% | +2.2% | -1.7% | |
| Q1 2024 | +13.4% | +12.1% | +17.9% | |
| Q4 2023 | -4.2% | -4.5% | +20.5% | |
| Q3 2023 | +11.7% | +13.9% | +15.3% | |
| Q2 2023 | -5.9% | -5.1% | -1.7% | |
| Q1 2023 | -3.1% | -0.7% | +2.1% | |
| Q4 2022 | +9.1% | +8.4% | +16.4% | |
| Q3 2022 | -12.1% | -6.5% | +0.1% | |
| Q2 2022 | +14.5% | +17.3% | +17.3% | |
| Q1 2022 | -4.7% | -8.3% | -2.1% | |
| Q4 2021 | +19.4% | +22.0% | +38.5% | |
| Q3 2021 | +7.8% | +8.6% | +1.5% | |
| Q2 2021 | -6.3% | -1.3% | -8.7% | |
| Q1 2021 | -3.2% | -2.0% | +1.9% | |
| Q4 2020 | -6.5% | +0.1% | +8.0% | |
| Q3 2020 | +11.4% | +21.2% | +72.8% | |
| Q2 2020 | +3.6% | +2.9% | -1.0% | |
| Q1 2020 | +3.9% | +15.1% | +54.0% | |
| Q4 2019 | +13.5% | +14.1% | -4.8% | |
| Q3 2019 | +16.0% | +18.9% | +20.2% | |
| Q2 2019 | -6.7% | -9.0% | -26.9% | |
| Q1 2019 | -4.9% | -2.3% | -14.5% | |
| Q4 2018 | +3.8% | +4.6% | +12.6% | |
| Q3 2018 | -6.7% | -5.8% | -2.8% | |
| Q2 2018 | +6.6% | +5.1% | -4.0% | |
| Q1 2018 | +4.5% | +4.2% | +8.6% | |
| Q4 2017 | +2.0% | +1.1% | -5.5% | |
| Q3 2017 | +2.8% | +3.8% | -6.1% | |
| Q2 2017 | +9.3% | +10.4% | +21.2% | |
| Q1 2017 | +4.7% | +1.4% | -11.2% | |
| Q4 2016 | +28.8% | +28.5% | +13.5% | |
| Q3 2016 | -19.8% | -23.5% | +1.1% | |
| Q2 2016 | +18.7% | +17.7% | +11.1% | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2015 | +9.1% | — | — | |
| Q3 2015 | -19.8% | — | — | |
| Q2 2015 | -18.0% | — | — | |
| Q1 2015 | +13.2% | — | — | |
| Q4 2014 | +1.7% | — | — | |
| Q3 2014 | -2.5% | — | — | |
| Q2 2014 | -7.8% | — | — | |
| Q1 2014 | -0.1% | — | — | |
| Q4 2013 | -3.4% | — | — | |
| Q3 2013 | +2.4% | — | — | |
| Q2 2013 | -1.1% | — | — | |
| Q1 2013 | -1.3% | — | — | |
| Q4 2012 | -1.2% | — | — | |
| Q3 2012 | -13.5% | — | — | |
| Q2 2012 | +0.7% | — | — | |
| Q1 2012 | +7.6% | — | — | |
| Q4 2011 | -0.9% | — | — | |
| Q3 2011 | +3.8% | — | — | |
| Q2 2011 | -9.3% | — | — | |
| Q1 2011 | -0.6% | — | — | |
| Q4 2010 | -3.2% | — | — | |
| Q3 2010 | +5.2% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q1 2009 | +10.3% | — | — | |
| Q1 2010 | +0.6% | — | — | |
| Q4 2009 | +1.6% | — | — | |
| Q3 2009 | +3.7% | — | — | |
| Q3 2008 | +3.7% | — | — | |
| Q4 2008 | +12.4% | — | — | |
| Q2 2009 | +12.4% | — | — | |
| Q2 2008 | +12.4% | — | — | |
| Q4 2007 | +12.4% | — | — |
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