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PAGELAND, S.C. - ATI Inc. (NYSE: ATI), an $11.8 billion specialty materials manufacturer currently trading near its 52-week high of $85.67, has opened a new facility in Pageland, South Carolina dedicated to producing titanium alloy sheet for aerospace applications, the company announced Thursday. According to InvestingPro data, the company has demonstrated strong financial performance with revenue reaching $4.46 billion in the last twelve months.
The nearly 125,000 square foot facility manufactures "pack rolled sheet," a technically challenging titanium product used in aerostructure components. The material is produced by hot rolling layers of titanium plate to create ultra-thin sheets as thin as 0.020 inches and up to 25 feet in length.
ATI recently secured a multi-year agreement with Airbus to supply titanium plate, sheet, and billet for narrow and widebody aircraft, with products from the Pageland facility included in this contract. The company reports that more than two-thirds of the facility’s capacity is already committed under long-term agreements with various aerospace customers.
The automated facility integrates leveling, annealing, finishing, and inspection operations and was designed with sustainability features including electric furnaces and an efficient water-jacketed pickle line, resulting in zero air emissions and minimal wastewater discharge.
"With our Pageland facility fully online and in production, we now offer a full complement of titanium materials," said Kimberly A. Fields, ATI President and CEO, in a press release statement.
The investment in the new facility is included in ATI’s existing capital expenditure guidance. The company did not disclose the specific investment amount or production capacity figures.
ATI produces high-performance materials for aerospace, defense, electronics, medical, and specialty energy markets.
In other recent news, ATI Inc. reported first-quarter earnings that surpassed analyst expectations, with adjusted earnings per share of $0.72 compared to the anticipated $0.60. The company’s revenue reached $1.14 billion, exceeding projections of $1.08 billion and marking a 10% year-over-year increase. ATI’s aerospace and defense segment contributed significantly, accounting for 66% of Q1 sales at $754 million, a 23% rise from the previous year. Additionally, ATI provided an optimistic outlook for Q2 2025, forecasting adjusted EPS of $0.67-$0.73, above the consensus of $0.67, and full-year 2025 EPS of $2.87-$3.09, surpassing estimates of $2.86. The company also plans a $250 million share repurchase in the second quarter. In another development, ATI secured a multi-year agreement with Airbus to supply titanium materials, positioning ATI as a leading supplier for Airbus’s titanium needs. This partnership more than doubles ATI’s previous support level for Airbus and underscores the aerospace company’s confidence in ATI’s capabilities. These developments highlight ATI’s robust performance and strategic growth in the aerospace and defense sectors.
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