EU and US could reach trade deal this weekend - Reuters
ATI Inc. has reached a significant milestone, with its stock price hitting a 52-week high of 87.77 USD, representing a remarkable 124% increase from its 52-week low of 39.23 USD. According to InvestingPro analysis, the company currently trades above its Fair Value. This marks a notable achievement for the company, reflecting strong investor confidence and positive market performance over the past year. The stock’s impressive ascent is underscored by a substantial 54.1% return over the past year, with a remarkable 56.4% gain in just the last six months. The company maintains a healthy financial position with a current ratio of 2.53, indicating strong liquidity. InvestingPro has identified 13 additional key insights about ATI’s performance and outlook, available to subscribers. This upward trajectory highlights ATI’s successful strategies and market positioning, making it a standout performer in its sector, with a market capitalization of $12.36 billion and an EBITDA of $710.7 million in the last twelve months. As the company continues to navigate the evolving economic landscape, stakeholders will be keenly observing its next moves and potential for further growth, with the next earnings announcement scheduled for July 31, 2025. Discover comprehensive analysis and detailed metrics with InvestingPro’s exclusive research report.
In other recent news, ATI Inc. reported first-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $0.72, surpassing the consensus estimate of $0.60. The company’s revenue also came in strong at $1.14 billion, above the projected $1.08 billion and marking a 10% year-over-year increase. This robust performance was driven by the aerospace and defense segment, which accounted for 66% of sales, totaling $754 million, a 23% increase from the previous year. Additionally, ATI has entered into a multi-year agreement with Airbus to supply titanium plate, sheet, and billet, significantly enhancing its position as a leading supplier for Airbus’s titanium needs. The company’s recent investment in a new facility in Pageland, South Carolina, is expected to support this increased production demand. More than two-thirds of the facility’s capacity is already committed under long-term agreements with various aerospace customers. Looking forward, ATI provided an optimistic outlook for the second quarter and the full year, with adjusted EPS projections surpassing Wall Street expectations. The company also announced plans to repurchase approximately $250 million in shares during the second quarter.
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