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Stock impact report

ATI Provides Update on First Quarter 2019 Financial Results

ATI Inc. (ATI) 
Last ati inc. earnings: 2/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.atimetals.com
Company Research Source: Business Wire
PITTSBURGH--(BUSINESS WIRE)-- Allegheny Technologies Incorporated (NYSE: ATI) today announced that its first quarter 2019 earnings per share is expected to be in the range of $0.10 to $0.13. Sales for the first quarter are expected to be approximately $1.0 billion. “Our first quarter financial results are below our expectations as we faced unexpected operational headwinds in both of our business segments,” said Robert S. Wetherbee, ATI President and Chief Executive Officer. In the High Performance Materials and Components (HPMC) segment, the company cited a greater than anticipated negative impact from the continued disruption in third party nickel powder billet supply, as well as higher operating costs due to the accelerated ramp of nickel powder production and the temporary margin compression caused by the rapid drop from prior months’ cobalt prices. In ATI’s Flat Rolled Products (FRP) segment, Show less Read more
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