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ATI Inc beats Q3 revenue estimates on aerospace & defense demand, raises FY outlook

By Reuters News


Overview

  • US high-performance materials maker's Q3 revenue rose 26%, beating analyst expectations

  • Adjusted EPS for Q3 was $1.46, above analyst consensus

  • Company raised full-year 2026 adjusted EBITDA guidance by $35 mln


Outlook

  • ATI raises full-year 2026 adjusted EBITDA outlook to $1.190 bln-$1.200 bln from $1.135 bln-$1.185 bln

  • Company expects Q4 2026 adjusted EBITDA of $345 mln-$355 mln

  • ATI sees full-year 2026 adjusted EPS of $5.17-$5.23, up from prior $4.90-$5.18


Result Drivers

  • AEROSPACE & DEFENSE DEMAND - Co said sales growth was driven by strong demand and higher pricing for commercial jet engine and defense products, especially in the High Performance Materials & Components segment

  • HIGHER PRICING & VOLUMES - Advanced Alloys & Solutions segment saw increased sales and margins, mainly due to higher pricing, volumes, and favorable sales mix in aerospace & defense and energy markets

  • DISCIPLINED EXECUTION - Co attributed results to disciplined execution across operations and long-term agreements, according to CEO Kimberly Fields


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$1.42 bln

$1.32 bln (8 Analysts)

Q3 Adjusted EPS

Beat

$1.46

$1.37 (7 Analysts)

Q3 EPS

$1.37

Q3 Adjusted Net Income

$201.90 mln

Q3 Net Income

$189.80 mln

Q3 Adjusted EBITDA

$327.90 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "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. is $240.00, about 45.2% above its October 28 closing price of $165.30

  • The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 40 three months ago


Reuters Recommended Reads

  • Oct 29 - Howmet Aerospace Q3 revenue beats on commercial aerospace demand

  • Oct 29 - Howmet lifts annual forecasts on robust demand for aircraft parts

  • Oct 27 - PPG Q3 revenue beats analyst estimates, led by aerospace, Latam coatings


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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