FINWIRES · TerminalLIVE
FINWIRES

$ATI

5 stories mentioning ATI

Every FINWIRES story that references ATI, newest first.

Wire

ATI, BWX Technologies Extend Collaboration on US Naval Nuclear Propulsion Program

ATI (ATI) said Thursday that the company and BWX Technologies (BWXT) have signed a new long-term strategic material supply agreement related to the US naval nuclear propulsion program.Under the new five-year agreement, ATI will deliver critical defense materials through 2030, the company added.Financial details related to the agreement were not disclosed.Shares of ATI were up over 4% in Thursday trading.Price: $190.93, Change: $+7.57, Percent Change: +4.13%

$ATI$BWXT
Research

Research Alert: CFRA Lowers View On Shares Of Ati Inc. To Buy From Strong Buy

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our $179 12-month target is based on an EV/EBITDA of 19.0x applied to our 2027 EBITDA estimate, above ATI's trailing-12-month average forward EV/EBITDA of 17.4x but below peers' average forward EV/EBITDA of 27.2x. We raise our 2026 EPS by $0.03 to $4.46 and 2027's by $0.11 to $5.51. We lower our rating to Buy from Strong Buy based on elevated earnings multiples, not deteriorating fundamentals. ATI is executing well on its strategy to prioritize high-value aerospace, defense, and specialty energy markets. ATI raised full-year 2026 guidance with adjusted EBITDA now expected at $1.01B-$1.06B (up $35M at midpoint), representing 20% Y/Y growth. Record backlog of $4.1B and extending lead times (1+ years for nickel alloys, nearly 2 years for premium titanium) provide strong visibility. Management expects consolidated EBITDA margins above 20% with 40% incremental margins driven by favorable mix and long-term contract pricing. ATI's differentiated position in capacity-constrained markets supports our positive view.

$ATI
Research

Research Alert: Ati Inc. Q1 2026: Eps Beat, Margin Expansion Support 2026 Guidance Raise

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ATI delivered Q1 adj. EPS of $1.00, beating consensus by $0.12 and growing 39% Y/Y. Revenue of $1.15B rose 0.6% Y/Y but missed consensus by 3% due to planned maintenance. Adj. EBITDA margins expanded 310 bps Y/Y to 20.1%, driven by pricing discipline and favorable aerospace mix. The aerospace transformation continues, with A&D reaching 69% of sales. Jet engine sales grew 12% Y/Y to $472M. Management raised full-year adj. EBITDA guidance to $1.035B (+16% Y/Y) and adj. EPS to $4.34 (+27% Y/Y), citing accelerating aerospace demand. Operating cash flow of $128M marked a $221M Y/Y improvement. This supported $75M in share repurchases and a new $500M buyback authorization. We believe margin expansion reflects operational leverage from long-term contracted aerospace relationships, where 60%-65% of revenue carries inflation protection. Jet engine order books extend into mid-2027, and 80% of new capacity is contracted. We therefore expect continued outperformance, with H2 2026 margins approaching 21%.

$ATI
Wire

ATI Q1 Adjusted Earnings, Revenue Rise; 2026 Adjusted EPS Outlook Raised

ATI (ATI) reported Q1 adjusted earnings Thursday of $1 per diluted share, up from $0.72 a year earlier.Analysts surveyed by FactSet expected $0.88.Revenue for the quarter ended March 31 was $1.15 billion, up from $1.14 billion a year earlier.Analysts surveyed by FactSet expected $1.19 billion.The company expects Q2 adjusted EPS to be between $0.98 and $1.04. Analysts surveyed by FactSet expect $0.98.ATI now expects full-year 2026 adjusted EPS to be between $4.20 and $4.48, compared with its previous outlook of between $3.99 and $4.27. Analysts surveyed by FactSet expect $4.20.Shares of the company rose more than 2% in recent Thursday premarket activity.Price: $150.00, Change: $+3.93, Percent Change: +2.69%

$ATI
Research

Research Alert: CFRA Reiterates Strong Buy Opinion On Shares Of Ati Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price to $179 from $154, on an EV/EBITDA of 19.0x our 2027 EBITDA estimate, a premium to ATI's trailing-12-month average forward EV/EBITDA of 16.9x but a discount to peers' average forward EV/EBITDA of 26.8x. We raise our 2026 EPS estimate by $0.08 to $4.43 and our 2027 EPS forecast by $0.28 to $5.40. We see ATI continuing to benefit from robust aerospace & defense demand, which represented 68% of Q4 2025 sales, supported by Boeing and Airbus backlogs and long-term supply agreements. Management's 2026 adjusted EBITDA guidance midpoint of $1.0B implies 16% Y/Y growth, with improving profitability expected in 2H 2026 as maintenance normalizes and aerospace mix strengthens toward 20%+ margins. We believe ATI's expanded titanium capacity, operating leverage, and customer-funded investments in proprietary nickel alloys position it well to capture aerospace industry growth through 2027. We maintain our Strong Buy recommendation.

$ATI