Highlights of ATI's transformation as an A&D leader

  • Set all-time record for A&D sales: 61% in Q3-2023, up from 58% in Q2-2023.
  • Reduced qualified pension obligations by 85% through annuitization; made additional contributions expected to fully fund the remaining 15%. See more.
  • Q3-2023 marked five consecutive quarters of revenue above $1 billion.
  • In just 12 months (Q3-2022 to Q3-2023), total ATI titanium sales are up approximately 75%.
  • Q3-2023 shipments of airframe materials surpassed $200 million, breaking the Q2-2019 record.
  • Secured an estimated $1.2 billion in new sales commitments from leading aerospace and defense companies as they ramp production to meet increasing demand. See more.
  • We’re increasing titanium capacity to meet unprecedented demand. All-in, we’ve increased by 45% through restarts and optimizations; our Richland, Washington expansion will add an additional 35%. See more.

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Company

Financial
Highlights

Revenue

61%

Sales in aero & defense, Q3-23.

Balance Sheet

85%

Reduced qualified pension obligations (4Q23).

Revenue

$1B+

Five consecutive quarters above $1 billion.

Revenue

$1.2B+

Secured new sales commitments from leading aero & defense OEMs.

Revenue

75%

Increase in titanium sales in 12 months.

Margins

21.5%

EBITDA margins in HPMC segment.

Capacity

45%

Increase in Ti capacity through restarts and optimization (By 2024).

Aerospace

$200M

Sales in airframe materials in Q3-23.

Aerospace

50%

Increase in YoY sales in airframe materials in Q3-23 vs. prior year.