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Allegheny Technologies Inc (ATI.N)

ATI.N on New York Stock Exchange

22.00USD
24 May 2019
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Latest Key Developments (Source: Significant Developments)

A&T Stainless Joint Venture Tariff Exclusion Request Denied
Wednesday, 24 Apr 2019 05:09pm EDT 

April 24 (Reuters) - Allegheny Technologies Inc ::A&T STAINLESS JOINT VENTURE TARIFF EXCLUSION REQUEST DENIED.ALLEGHENY TECHNOLOGIES - A&T STAINLESS JV'S PREVIOUSLY FILED SECTION 232 TARIFF EXCLUSION REQUEST HAS BEEN DENIED BY U.S. DEPARTMENT OF COMMERCE.ALLEGHENY TECHNOLOGIES - SEMI-FINISHED STAINLESS SLABS WILL CONTINUE TO BE SUBJECT TO 25% TARIFF LEVIED ON STAINLESS STEEL PRODUCTS IMPORTED INTO U.S..ALLEGHENY TECHNOLOGIES INC - WILL WORK WITH A&T STAINLESS JOINT VENTURE PARTNER TO DETERMINE NEXT STEPS.ALLEGHENY TECHNOLOGIES INC - U.S. DOC DECISION DOES NOT CHANGE OUR STRATEGY OF RETURNING ATI'S FLAT ROLL PRODUCTS SEGMENT TO SUSTAINED PROFITABILITY.  Full Article

Allegheny Technologies To Maintain Current Production Schedules For 737 MAX And LEAP 1-B
Monday, 8 Apr 2019 07:30am EDT 

April 8 (Reuters) - Allegheny Technologies Inc ::ATI TO MAINTAIN CURRENT PRODUCTION SCHEDULES FOR 737 MAX AND LEAP 1-B.ALLEGHENY - ANTICIPATES MAINTAINING ITS CURRENT PRODUCTION AND SHIPPING SCHEDULES FOR ALL MATERIALS AND COMPONENTS SUPPLIED TO BOEING 737 MAX.ALLEGHENY TECHNOLOGIES SAYS "HAVE FULL CONFIDENCE IN BOEING".  Full Article

Allegheny Technologies Extends Long-Term Purchase Agreement With Rolls-Royce
Thursday, 4 Apr 2019 07:15am EDT 

April 4 (Reuters) - Allegheny Technologies Inc ::ATI EXTENDS LONG-TERM PURCHASE AGREEMENT WITH ROLLS-ROYCE.ALLEGHENY TECHNOLOGIES - LTPA EXTENDS ROLLS-ROYCE AND ATI'S AGREEMENT THROUGH 2029.ALLEGHENY TECHNOLOGIES - EXTENDED LONG-TERM PURCHASE AGREEMENT WITH ROLLS-ROYCE TO SUPPLY ROTATING DISC QUALITY SPECIALTY MATERIALS FOR TRENT ENGINE.  Full Article

Allegheny Technologies Inc Wins $45 Mln Supply Contract For Deepwater Pipeline
Thursday, 28 Mar 2019 07:15am EDT 

March 28 (Reuters) - Allegheny Technologies Inc ::ATI WINS $45 MILLION SUPPLY CONTRACT FOR DEEPWATER PIPELINE.ALLEGHENY TECHNOLOGIES - REVENUE TO ATI FRP SEGMENT IS EXPECTED TO BE ABOUT $45 MILLION, WITH SHIPMENTS BEGINNING IN Q2, SCHEDULED TO BE COMPLETED BY YEAR-END.ALLEGHENY TECHNOLOGIES INC - SELECTED TO SUPPLY NICKEL-BASED FLAT ROLLED PRODUCTS FOR A LARGE OIL PIPELINE PROJECT IN SOUTH AMERICA.  Full Article

ATI Announces Full Year And Fourth Quarter 2018 Results
Tuesday, 22 Jan 2019 07:15am EST 

Jan 22 (Reuters) - Allegheny Technologies Inc ::ATI ANNOUNCES FULL YEAR AND FOURTH QUARTER 2018 RESULTS.Q4 EARNINGS PER SHARE $0.30.Q4 SALES ROSE 14 PERCENT TO $1.04 BILLION.QTRLY HIGH PERFORMANCE MATERIALS & COMPONENTS (HPMC) SEGMENT OPERATING PROFIT WAS $335 MILLION, OR 14.4% OF SALES.AEROSPACE AND DEFENSE SALES IN Q4 2018 WERE $459.6 MILLION, 3% HIGHER THAN Q3 2018.IN FRP SEGMENT, SIGNIFICANT PRICE DECLINES IN SEVERAL KEY RAW MATERIALS ARE EXPECTED TO NEGATIVELY AFFECT Q1 2019.IN HPMC SEGMENT, ATI EXPECTS CONTINUED YEAR-OVER-YEAR REVENUE AND OPERATING PROFIT EXPANSION IN 2019.QTRLY FRP SEGMENT SALES OF $442 MILLION, UP 13% VERSUS Q4 2017.ATI EXPECTS FRP SEGMENT RESULTS FOR FULL YEAR 2019 TO BE IN LINE WITH 2018.ALLEGHENY - 2019 DEFINED BENEFIT PENSION AND POSTRETIREMENT BENEFIT PLAN EXPENSES ARE EXPECTED TO BE ABOUT $35 MILLION HIGHER VERSUS 2018.ALLEGHENY TECHNOLOGIES - CAPITAL EXPENDITURES ARE PROJECTED TO BE AT OR BELOW EXPECTED 2019 DEPRECIATION LEVELS, OR BETWEEN $165 MILLION & $170 MILLION.ALLEGHENY TECHNOLOGIES - Q4 RESULTS REFLECT HIGHER OPERATING. COSTS INCLUDING ONGOING IMPACTS OF NICKEL POWDER BILLET SUPPLY ISSUE.ALLEGHENY TECHNOLOGIES - EXPECTS STRONG CASH FLOW GENERATION FROM OPERATIONS IN 2019, WITH FCF, EXCLUDING PENSION PLAN CONTRIBUTIONS, OF AT LEAST $290 MILLION.Q4 EARNINGS PER SHARE VIEW $0.34, REVENUE VIEW $992.4 MILLION -- REFINITIV IBES DATA.  Full Article

Allegheny Technologies Says CEO's FY 2017 Total Compensation Was $7.3 Mln
Tuesday, 27 Mar 2018 04:35pm EDT 

March 27 (Reuters) - Allegheny Technologies Inc ::ALLEGHENY TECHNOLOGIES INC SAYS CEO RICHARD HARSHMAN'S FY 2017 TOTAL COMPENSATION WAS $7.3 MILLION VERSUS $4.9 MILLION IN FY 2016 - SEC FILING.  Full Article

Allegheny Technologies - Filed For Exclusion From Section 232 Tariffs On Behalf Of Its Recently Formed Allegheny & Tsingshan Stainless Joint Venture
Tuesday, 27 Mar 2018 09:15am EDT 

March 27 (Reuters) - Allegheny Technologies Inc ::ALLEGHENY TECHNOLOGIES - FILED FOR EXCLUSION FROM SECTION 232 TARIFFS ON BEHALF OF ITS RECENTLY FORMED ALLEGHENY & TSINGSHAN STAINLESS JOINT VENTURE.ALLEGHENY TECHNOLOGIES INC - ALLEGHENY & TSINGSHAN STAINLESS JV WILL CONTINUE OPERATIONS DURING REVIEW PROCESS.  Full Article

ATI To Expand Aerospace Iso-Thermal Forging Capacity
Thursday, 22 Mar 2018 11:00am EDT 

March 22 (Reuters) - Allegheny Technologies Inc ::ATI TO EXPAND AEROSPACE ISO-THERMAL FORGING CAPACITY.ALLEGHENY TECHNOLOGIES INC - ‍BOARD OF DIRECTORS HAS APPROVED AN INVESTMENT TO EXPAND ITS ISO-THERMAL FORGING AND HEAT TREATING CAPACITIES​.ALLEGHENY TECHNOLOGIES INC - ‍INVESTMENT WILL TAKE APPROXIMATELY 3 YEARS TO COMPLETE AND FULLY QUALIFY FOR AEROSPACE-RELATED PRODUCTION​.ALLEGHENY TECHNOLOGIES INC - ‍SELF-FUNDED, MULTI-YEAR EXPANSION OF APPROXIMATELY $95 MILLION REPRESENTS ATI'S FOURTH ISO-THERMAL PRESS​.  Full Article

ATI And Tsingshan Form Joint Venture
Thursday, 1 Mar 2018 08:30am EST 

March 1 (Reuters) - Allegheny Technologies Inc ::ATI AND TSINGSHAN ANNOUNCE FORMATION OF JOINT VENTURE.ALLEGHENY TECHNOLOGIES INC - FORMED PREVIOUSLY ANNOUNCED JV WITH AN AFFILIATE COMPANY OF TSINGSHAN GROUP.ALLEGHENY TECHNOLOGIES INC - INITIAL CUSTOMER SHIPMENTS OF STAINLESS SHEET PRODUCTS FOR SALE IN NORTH AMERICA UNDER JV EXPECTED IN 1H 2018.  Full Article

Frontier Capital Management Reports A 6.223 Percent Stake In Allegheny Technologies As Of Dec 31, 2017 - SEC Filing
Wednesday, 7 Feb 2018 11:02am EST 

Feb 7 (Reuters) - Allegheny Technologies Inc ::FRONTIER CAPITAL MANAGEMENT CO., LLC REPORTS A 6.223 PERCENT STAKE IN ALLEGHENY TECHNOLOGIES INC AS OF DEC 31, 2017 - SEC FILING.  Full Article