Overview

* ATI Q3 revenue up 7% yr/yr to $1.13 bln, missing analyst expectations

* Adjusted EPS of $0.85 beats analyst expectations, reflecting strong operational performance

* Company raises full-year guidance for adjusted earnings and cash flow

Outlook

* ATI raises full-year adjusted EPS guidance to $3.15 - $3.21

* Company forecasts Q4 2025 adjusted EBITDA between $221M and $231M

* ATI projects full-year adjusted free cash flow of $330M - $370M

Result Drivers

* AEROSPACE & DEFENSE GROWTH - Co reports 21% increase in aerospace & defense sales, driving overall revenue growth

* MARGIN IMPROVEMENT - Improved sales mix and pricing in HPMC and AA&S segments boosted margins

* STRONG DEMAND - Increased demand for commercial jet engines and defense products boosted sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $1.12 $1.12

Revenue bln bln (7

Analysts

)

Q3 Beat $0.85 $0.74 (9

Adjusted Analysts

EPS )

Q3 EPS $0.78

Q3 $119.40

Adjusted mln

Net

Income

Q3 Net $110 mln

Income

Q3 $225.10

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for ATI Inc ( ATI ) is $100.00, about 8.3% above its October 27 closing price of $91.71

* The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)