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Allegheny Technologies Inc (ATI)

ATI on New York Consolidated

21.31USD
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Allegheny Technologies ‍priced an underwritten offering of 17 mln common shares at $24 per share​
Tuesday, 7 Nov 2017 09:18pm EST 

Nov 7 (Reuters) - Allegheny Technologies Inc :Announces pricing of common stock offering.‍Priced an underwritten offering of 17 million shares of common stock at a public offering price of $24.00 per share​.‍Offering is expected to close on November 9, 2017.  Full Article

Allegheny Technologies announces common stock offering
Tuesday, 7 Nov 2017 04:05pm EST 

Nov 7 (Reuters) - Allegheny Technologies Inc :Allegheny Technologies announces common stock offering.Allegheny Technologies Inc - ‍intends to offer 17 million shares of common stock in an underwritten registered public offering​.Allegheny Technologies Inc - ‍intends to use net proceeds from offering to fund a redemption of all of ati's outstanding 9.375% senior notes due 2019​.  Full Article

ATI and Tsingshan to form innovative stainless steel joint venture
Thursday, 2 Nov 2017 06:55am EDT 

Nov 2 (Reuters) - Allegheny Technologies Inc ::ATI And Tsingshan to form innovative stainless steel joint venture.Allegheny Technologies Inc - has reached a definitive agreement to form an innovative 50-50 JV with an affiliate company of Tsingshan Group.Allegheny Technologies Inc - ‍JV will manufacture and sell 60 inch-wide stainless sheet in North America; first shipments are expected in early 2018​.  Full Article

Allegheny Technologies Q3 sales rise 13 pct to $869.1 mln
Tuesday, 24 Oct 2017 07:30am EDT 

Oct 24 (Reuters) - Allegheny Technologies Inc ::ATI announces third quarter 2017 results.Q3 loss per share $0.07 excluding items.Q3 loss per share $1.12.Q3 sales rose 13 percent to $869.1 million.Allegheny Technologies Inc - ‍looking ahead to 2018, we expect continued revenue growth and operating margin improvement in our hpmc segment​.Allegheny Technologies Inc says ‍q4 hpmc financial results to be modestly improved compared to q3 2017​.Allegheny Technologies Inc - ‍expect frp segment to be modestly profitable for q4 and for full year 2017​.Allegheny Technologies Inc - ‍"continue to expect capital expenditures to average approximately $100 million annually for next several years"​.Allegheny Technologies Inc - qtrly ‍aerospace and defense sales were $389.5 million, 2 pct lower than q2 2017​.Allegheny Technologies Inc - ‍compared to q2, qtrly commercial jet engine sales were 2 pct lower largely due to seasonal factors and product mix​.  Full Article

Allegheny Technologies sees Q3 2017 sales $865 mln to $875 mln
Thursday, 12 Oct 2017 07:30am EDT 

Oct 12 (Reuters) - Allegheny Technologies Inc ::Sees Q3 2017 sales $865 million to $875 million.Allegheny Technologies Inc - ‍excluding goodwill impairment charge, expect Q3 2017 results to be in line with outlook provided in july​.Allegheny Technologies Inc - ‍Q3 financial results and announced a non-cash net of tax charge of $114 million, or $1.05 per share​.Allegheny Technologies Inc - co ‍continue to expect FRP segment to be modestly profitable for full year 2017​.Allegheny Technologies Inc - ‍ATI's Q3 2017 sales are expected to be in range of $865 to $875 million​.Sees Q3 2017 loss per share $1.11 to $1.14.Q3 earnings per share view $0.07, revenue view $850.7 million -- Thomson Reuters I/B/E/S.Allegheny Technologies Inc - ‍excluding the charge, Q3 reported loss is anticipated in range of $0.06 to $0.09 per share​.Allegheny Technologies -sees Q3 2017 reported loss in range of $1.11 to $1.14 per share, including $1.05 loss per share charge for goodwill impairment​.  Full Article

Allegheny Technologies Inc Q2 earnings per share $0.09
Tuesday, 25 Jul 2017 07:20am EDT 

July 25 (Reuters) - Allegheny Technologies Inc :ATI announces second quarter 2017 results.Q2 earnings per share $0.09.Q2 sales rose 9 percent to $880.2 million.Allegheny Technologies Inc - remained on track in HPMC segment in first half 2017.Allegheny Technologies Inc - ‍expect FRP segment to deliver an improved product mix and to continue to realize operational improvements in Q3​.Allegheny Technologies Inc - ‍for full year 2017, continue to expect that FRP segment will be modestly profitable​.Allegheny Technologies Inc - ‍expect FRP segment to operate at a loss in Q3 2017​.Allegheny Technologies Inc - ‍we continue to estimate that 2017 capital expenditures will be $125 million, with $55 million expended in first half of this year​.Allegheny Technologies Inc - ‍expect Q3 to be negatively impacted by recent fall in raw material prices, especially ferrochrome and nickel​.Allegheny Technologies - expect H2 2017 HPMC segment to sustain strong performance in commercial aerospace, to continue a low-double-digit operating profit level as a percent of sales.Allegheny Technologies Inc - ‍expect second half 2017 HPMC segment results to "sustain strong performance in commercial aerospace​".Allegheny Technologies Inc - for full year 2017, continue to expect that FRP segment will be "modestly" profitable.Expect FRP segment to operate at a loss in Q3 2017.HPMC segment Q2 sales increased 3% to $526 million.  Full Article

ATI announces new long-term purchase agreement with Pratt & Whitney
Tuesday, 25 Jul 2017 06:55am EDT 

July 25 (Reuters) - Allegheny Technologies Inc :ATI announces new long-term purchase agreement with Pratt & Whitney.‍For period 2017 to 2030, LTPA is expected to generate revenues in excess of $1 billion​.For period 2017 to 2030, LTPA is expected to generate revenues in excess of $1 billion.‍LTPA, which builds on master terms agreement that co entered into with UTC last year, begins in 2017, continues for life of engine programs​.Signed purchase agreement with Pratt & Whitney to supply isothermal forgings and nickel-based powder alloys for next-generation jet engines​.  Full Article

Allegheny Technologies reports JV with GE Aviation
Wednesday, 5 Jul 2017 07:45am EDT 

July 5 (Reuters) - Allegheny Technologies Inc ::Allegheny Technologies announced JV with GE Aviation for the development of a new meltless titanium alloy powder manufacturing technology.Allegheny Technologies - JV for development of new meltless titanium alloy powder manufacturing technology, JV will construct new research and development pilot production facility.  Full Article

Allegheny Technologies expects Q2 sales between $865 mln-to $890 mln
Thursday, 29 Jun 2017 07:34am EDT 

June 29 (Reuters) - Allegheny Technologies Inc : :Ati comments on second quarter 2017; completes extension of ABL and term loan.Allegheny Technologies Inc - extended its asset based lending facility, including maturity of its $100 million term loan, to February 2022..Says ‍expects to report Q2 2017 sales in range of $865 to $890 million​.Says ATI has no significant debt maturities until June 2019.Expects to report Q2 2017 EPS in range of $0.04 to $0.09 per share.Says ‍corporate and closed operations expenses are expected to be approximately $10 million higher in Q2 2017 versus Q1​."Significant declines in raw material prices in Q2 are negatively impacting raw material surcharges and transaction prices"."Expect flat rolled products segment (FRP) Q2 results to be at or near breakeven".  Full Article

Allegheny Technologies, units enter into second amendment
Tuesday, 27 Jun 2017 05:29pm EDT 

June 27 (Reuters) - Allegheny Technologies Inc ::Allegheny Technologies - on June 21, 2017, co, units entered into a second amendment to revolving credit and security agreement - SEC filing.Allegheny Technologies - second amendment extends term of company's $400 million revolving credit facility under credit agreement to February 28, 2022.Allegheny Technologies Inc - second amendment extends maturity of its $100 million term loan under credit agreement to February 28, 2022.Allegheny Technologies Inc - amendment reduces applicable margin by 0.25% for advances under revolver and by 0.50% for term loan.  Full Article

BRIEF-Allegheny Technologies ‍priced an underwritten offering of 17 mln common shares at $24 per share​

* ‍Priced an underwritten offering of 17 million shares of common stock at a public offering price of $24.00 per share​