Quarterly ResultApr 30, 2026, 07:38 AM
ATI Q1 Adj. EPS $1.00, Sales $1.15B; Raises FY26 Guidance
AI Summary
ATI Inc. reported strong first quarter 2026 results, with Adjusted EPS of $1.00, a 39% increase year-over-year, and sales of $1.15 billion. The company achieved double-digit earnings growth, expanded Adjusted EBITDA margin to 20.1%, and improved operating cash flow by over $220 million. Based on this performance and outlook, ATI raised its full-year 2026 adjusted earnings and free cash flow guidance and announced an additional $500 million share repurchase authorization.
Key Highlights
- Q1 Adjusted EPS was $1.00, a 39% increase year-over-year.
- Q1 Sales reached $1.15 billion, up 1% year-over-year.
- Adjusted EBITDA for Q1 was $232 million, up 19% YoY, with a 20.1% margin.
- Operating cash flow significantly improved by over $220 million year-over-year to $128.2 million.
- Full-year 2026 Adjusted EPS guidance raised to $4.20-$4.48 (from $3.99-$4.27).
- Full-year 2026 Adjusted EBITDA guidance raised to $1,010M-$1,060M (from $975M-$1,025M).
- Board authorized an additional $500 million for share repurchases.