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DALLAS - ATI Inc. (NYSE:ATI) reported fourth quarter earnings that surpassed analyst estimates, driven by robust demand from the aerospace and defense sectors.
The specialty materials manufacturer also provided an upbeat outlook for 2025, sending its shares up 3% in early trading.
ATI posted adjusted earnings of $0.79 per share for Q4 2024, beating the consensus estimate of $0.61. Revenue rose 10% year-over-year to $1.17 billion, topping expectations of $1.1 billion.
The company’s aerospace and defense segment, which accounted for 65% of Q4 sales, saw particularly strong growth. Commercial jet engine and airframe sales increased significantly compared to the prior year.
"Our fourth quarter results demonstrated the strong fundamentals of our business as we delivered on increasing customer demand," said CEO Kimberly A. Fields. She noted that full-year 2024 sales of $4.4 billion were ATI’s highest since 2012.
Looking ahead, ATI provided bullish guidance for 2025. The company expects full-year adjusted earnings of $2.80-$3.00 per share, well above the $2.27 analyst consensus. For Q1 2025, ATI projects EPS of $0.55-$0.61.
Fields expressed confidence in continued strong performance, stating: "We believe ATI is very well positioned for continued strong performance that will drive growth and value in 2025 and beyond."
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