Quarterly ResultAug 6, 2026, 03:46 PM
ATI Q2 Sales $1.26B, Net Income $151M; EPS $1.09
AI Summary
ATI Inc. reported strong second-quarter results with sales increasing to $1.26 billion and net income attributable to ATI rising to $151.0 million, resulting in diluted EPS of $1.09. The company also saw a significant increase in year-to-date operating cash flow to $260.0 million and an expanded backlog of $4.4 billion. Strategic capital actions included issuing $450 million in new senior notes and redeeming $350 million in existing notes.
Key Highlights
- Q2 sales rose 10.6% to $1.26 billion from $1.14 billion year-over-year.
- Q2 net income attributable to ATI increased 50% to $151.0 million.
- Q2 diluted EPS grew 55.7% to $1.09 from $0.70 year-over-year.
- Year-to-date operating cash flow surged to $260.0 million from $69.0 million.
- Backlog increased to $4.4 billion at June 28, 2026, from $3.7 billion.
- Issued $450 million in 5.875% Senior Notes due 2033.
- Redeemed $350 million in 5.875% Senior Notes due 2027.
- Aerospace & Defense sales grew to $862.0 million from $761.8 million.
Price Impact
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