|
Price: $40.6550
$-0.23 
-0.550%
|
| Day's High:
| $41.08
| Week Perf:
| -1.63 %
|
| Day's Low: |
$ 40.58 |
30 Day Perf: |
-11.87 % |
| Volume (M): |
18 |
52 Wk High: |
$ 47.92 |
| Volume (M$): |
$ 728 |
52 Wk Avg: |
$37.52 |
| Open: |
$40.97 |
52 Wk Low: |
$25.39 |
|
|
| Market Capitalization (Millions $) |
5,942 |
| Shares
Outstanding (Millions) |
146 |
| Employees |
9,700 |
| Revenues (TTM) (Millions $) |
4,127 |
| Net Income (TTM) (Millions $) |
297 |
| Cash Flow (TTM) (Millions $) |
-7 |
| Capital Exp. (TTM) (Millions $) |
179 |
Ati Inc
Allegheny Technologies Incorporated ("ATI") is one of the largest and
most diversified specialty materials producers in the world. We use innovative
technologies to offer global markets a wide range of specialty materials. High-value
products include super stainless steel, nickel-based and cobalt-based alloys and
superalloys, titanium and titanium alloys, specialty steels, tungsten materials,
exotic alloys, which include zirconium, hafnium and niobium, and highly engineered
strip and Precision Rolled Strip(R) products. In addition, we produce commodity
specialty materials such as stainless steel sheet and plate, silicon electrical
and tool steels, and carbon alloy steel impression die forgings and large grey
and ductile iron castings.
Specialty materials play a significant role in our lives. Allegheny Technologies
is a world leader in the manufacture of both high value and commodity specialty
materials products.Specialty materials are produced in a variety of forms, including
sheet, strip, foil, plate, slab, ingot, billet, bar, rod, wire, coil, tubing,
and shapes, and are selected for use in environments that demand materials having
exceptional hardness, toughness, strength, resistance to heat, corrosion or
abrasion, or a combination of these characteristics. Common end uses of our
products include jet engines, air frames, electrical energy generation and distribution,
automotive, chemical processing, oil and gas, construction and mining, machine
and cutting tools, appliances and food equipment, transportation, and medical
equipment and implants.
COMPETITION
Markets for both our high value and commodity products and services in each
of our principal business segments are highly competitive. We compete with many
manufacturers who, depending on the product involved, range from large diversified
enterprises to smaller companies specializing in particular products. Factors
that affect our competitive position are manufacturing costs, industry manufacturing
capacity, the quality of our products, services and delivery capabilities, our
capabilities to produce a wide range of specialty materials in various unique
alloys and product forms, our technological capabilities including our research
and development efforts, our marketing strategies and price.
Other major producers of products in each of the business segments are as follows:
FLAT-ROLLED PRODUCTS SEGMENT
Stainless steel
o'AK Steel Corporation
o'J&L Specialty Steel, LLC, owned by Arcelor S.A. (France)
o'North American Stainless (NAS), owned by Acerinox S.A.
(Spain)
o'Nucor Corporation
o'Outokumpu Stainless Plate Products, owned by Outokumpu Oyj
(Finland)
o'Imports from
-'Acesita S.A. (Brazil)
-'Arcelor S.A. (France)
-'Columbus Stainless (Pty) Ltd (S. Africa)
-'Mexinox S.A. de C.V., group member of ThyssenKrupp AG
-'Slater Steel Inc., owns Atlas Stainless (Canada)
-'ThyssenKrupp AG (Germany)
-'Ta Chen International Corporation (Taiwan)
HIGH PERFORMANCE METALS SEGMENT
Nickel-based alloys and specialty steels
o'Carpenter Technology Corporation
o'Special Metals Corporation
o'ThyssenKrupp VDM, a company of ThyssenKrupp Stainless
(Germany)
Titanium
o'Titanium Metals Corporation
o'RMI Titanium, an RTI International Metals Company
o'VSMPO - AVISMA (Russia)
Exotic Alloys
o'Cezus, a group member of AREVA (France)
o'HC Stark, a division of the Bayer Group (Germany)
o'Western Zirconium Plant of Westinghouse Electric Company,
part of the Nuclear Utilities Business Group of British
Nuclear Fuels (BNFL)
ENGINEERED PRODUCTS SEGMENT
Tungsten and Tungsten Carbide Products
o'Kennametal Inc.
o'Iscar (Israel)
o'Sandvik AB (Sweden)
o'Seco Tools AB (Sweden), owned by Sandvik AB (Sweden)
RAW MATERIALS AND SUPPLIES
Substantially all parts and materials required in the manufacture of our products
are available from more than one supplier and the sources and availability of
raw materials essential to our businesses are adequate.
The principal raw materials we use in the production of our specialty materials
are scrap (including iron-, nickel-, chromium-, titanium- and molybdenum-bearing
scrap), nickel, titanium sponge, zirconium sand and sponge, ferrochromium, ferrosilicon,
molybdenum and molybdenum alloys, ammonium paratungstate, manganese and manganese
alloys, cobalt, niobium, vanadium and other alloying materials.
Company Address: 2021 McKinney Avenue Dallas, 75201 TX
Company Phone Number: 289-7454 Stock Exchange / Ticker: NYSE ATI
| ATI is expected to report next financial results on November 02, 2023. |
Next quarterly dividend pay out on December 26, 2023. |
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|
|
Customers Net Income grew by |
ATI's Customers Net Profit Margin grew to |
39.9 % |
10.59 %
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| Stock Performances by Major Competitors |
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United States Steel Corp
United States Steel Corp (NYSE: X) experienced a challenging second quarter of 2023 earnings season, with net profit per share plummeting by a concerning -44.74% to $1.89, compared to $3.42 in the same period last year. However, it is important to note that the earnings per share grew significantly from the previous financial reporting period, more than doubling by an impressive 142.31% to $0.78 per share.
The company witnessed a decline in revenue, which crumbled by -20.382% to $5.01 billion, down from $6.29 billion in the comparable financial reporting period a year ago. However, sequentially the revenue showed some signs of recovery, advancing by 12.036% from $4.47 billion. While the bottom-line of $477 million for the second quarter of 2023 earnings season fell by -51.23% compared to $978 million in the corresponding period a year before, it is important to analyze the company's profitability indicators and future prospects.
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Greenwave Technology Solutions Inc
Greenwave Technology Solutions Inc recently released its financial results for the year ending June 30, 2023. The company has managed to significantly reduce its losses while experiencing a decrease in revenue. Analyzing these findings and their potential impact on the company's future is essential for understanding its future prospects.
Improved Losses and Decreased Revenue:
In the financial period closing June 30, 2023, Greenwave Technology Solutions Inc managed to reduce its losses per share from $-4.23 to $-0.20. While this is a substantial improvement, revenue decreased by 13.129% to $9.30 million compared to $10.70 million in the previous year. These contrasting figures suggest that the company's cost-cutting initiatives might have been successful, but it needs to address the decline in revenue.
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Friedman Industries Inc
Based on the information provided, it seems that Friedman Industries Inc has experienced a significant decline in both top-line and bottom-line figures in its Jun 30 2023 report. The net profit per share has dropped by a staggering -32.9% compared to the previous year, while the revenue has fallen by -15.145% year on year.
In terms of specific numbers, the revenue for this period was reported at $137.30 million, a notable decrease from $161.80 million in the previous year. Similarly, the earnings per share (eps) dropped from $1.55 to $1.04, marking a -32.9% decline.
While it is worth noting that profitability did grow by 30.95% compared to the preceding fiscal period, with earnings per share rising from $0.79 to $1.04, the overall figures are still lower than the previous year's levels. Furthermore, the revenue for this period advanced by just 10.558% compared to $124.19 million in the previous year, indicating a significant slowdown.
Moving on to the first quarter of the 2024 earnings season, the bottom-line figures took another hit, with net profit falling by -31.24% to $7.690 million. This is a significant decline from the $11.184 million reported in the corresponding period the year before.
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Carpenter Technology Corporation
Carpenter Technology Corporation, an Iron and Steel company, has shown impressive growth in the fourth quarter of 2023 compared to the same period the previous year. In terms of income per share, there was a staggering increase of 1316.26% to reach $0.76, while revenue soared by 313.695% to $2.33 billion. These figures represent a significant improvement from the preceding reporting period, where earnings per share increased by 100.63% to $0.38 per share, and revenue doubled by 2394.118% to $93.50 million.
The company's net earnings in the financial timeframe closing on June 30, 2023, amounted to $38.500 million, reflecting a substantial increase of 1380.77% compared to the net earnings of $2.600 million reported in the same period a year ago. While the operating margin fell to 2.7% in the June 30, 2023 timeframe, Carpenter Technology Corporation managed to improve its net margin to 1.65%.
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Nucor Corporation
As an avid investor and follower of the financial markets, I have been closely monitoring Nucor Corporation's recent financial results. For the second quarter of 2022, the company reported a mixed bag of numbers, with some concerning figures alongside promising indicators.
Starting with the income statement, it is evident that Nucor Corporation faced challenges during this period. The company's income fell by 24.25% to $5.81 per share compared to $7.67 a year prior. However, it is important to note that profits grew by an impressive 30.56% from $4.45 per share in the previous reporting period.
|
| Per Share |
Current |
| Earnings (TTM) |
1.93 $ |
| Revenues (TTM) |
28.23 $
|
| Cash Flow (TTM) |
- |
| Cash |
1.83 $
|
| Book Value |
8.96 $
|
| Dividend (TTM) |
0 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
1.93 $
|
| Revenues (TTM) |
28.23 $ |
| Cash Flow (TTM) |
- |
| Cash |
1.83 $
|
| Book Value |
8.96 $ |
| Dividend (TTM) |
0 $ |
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| FlatRolled Products |
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Segment |
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 |
of total Revenue |
| High Performance Metals |
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Segment |
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of total Revenue |
| |
| Ati Inc's Operating Statistics
|
Decrease / Increase
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| High value Products Volume (thousands of net tons) |
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| Commodity Products Volume (thousands of net tons) |
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| FlatRolled Products Volume (thousands of net tons) |
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| Nickelbased specialty Products Volume (Millions lbs.) |
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| Titanium mill Products Volume (Millions lbs.) |
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| Exotic alloys Products Volume (Millions lbs.) |
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| High value Products Avg. Price ($ per finished ton) |
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| Commodity Products Avg. Price ($ per finished ton) |
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| FlatRolled Products Avg. Price ($ per finished ton) |
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| Nickelbased specialty Products Avg. Price ($ per lb) |
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| Titanium mill Products Avg. Price ($ per lb) |
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| Exotic alloys Products Avg. Price ($ per lb) |
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0.19%