NYSE$ATI

ATI Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

ATI reported Q4 2024 results, with sales increasing by 10% year-over-year and aerospace and defense sales representing 65% of total sales.

ATI Inc. reported strong Q4 2024 results, with sales of $1.17 billion and net income of $137.1 million. The company saw a 10% increase in sales compared to Q4 2023, driven by strong demand in the aerospace and defense markets. Full year sales reached $4.4 billion, the highest since 2012.

  • Q4 2024 sales increased by 10% compared to Q4 2023, reaching $1.2 billion.
  • Net income attributable to ATI for Q4 2024 was $137 million, or $0.94 per share.
  • Aerospace and defense sales accounted for 65% of Q4 2024 sales, up from 63% in Q4 2023.
  • Full year 2024 sales reached $4.4 billion, the highest since 2012.

Headline financials

Total Revenue

$1.17B

Previous: $1.06B+10.2%
EPS (adj)

$0.79

Previous: $0.64+23.4%
Adjusted EBITDA

$210M

No prior period
Adjusted Net Income

$115M

No prior period
Managed Working Capital

$1.45B

No prior period
MWC % of Sales

30.9%

No prior period
Capital Expenditures

-$47.3M

Previous: -$53.4M+11.4%
Net Income

$142M

Previous: $146M-2.5%
Operating Income

$209M

Previous: $108M+92.9%
Gross Profit

$249M

Previous: $206M+20.9%

Revenue & EPS history

ATI · Revenue · Quarterly

$1.17B

Q4 2024+10.2%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

ATI · $540M total across 1 segment · Q3 2023

  • HPMC
    $540M+17.9%

Forward guidance

ATI is focused on staying agile as the aerospace and defense supply chain normalizes and geopolitical uncertainties evolve. The company believes it is positioned to deliver growth and margin expansion in 2025 and beyond.

Tailwinds

  • The Company is providing its first quarter and full year 2025 guidance in the table below:
  • Q1 2025 Adjusted EBITDA is expected to be between $170M - $180M
  • Full Year 2025 Adjusted EBITDA is expected to be between $800M - $840M
  • Q1 2025 Adjusted Earnings Per Share is expected to be between $0.55 - $0.61
  • Full Year 2025 Adjusted Earnings Per Share is expected to be between $2.80 - $3.00

Headwinds

  • Q1 2025 Free Cash Flow is expected to be $240M - $360M
  • Full year 2025 capital expenditures are expected to be $260M - $280M
  • Changes in global trade policies
  • Geopolitical uncertainties evolve
  • Aerospace and defense supply chain normalizes

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 Q4 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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