Andre Madrid

Richard Safran

Seth Seifman

Gautam Khanna

Philip Gibbs

Scott Deuschle

David Strauss

Myles Walton

Timna Tanners

Phil Gibbs

Joshua Korn

Joshua Sullivan

- ATI reported strong Q3 2025 results, with revenue up **7% year over year** exceeding **$1.1 billion**, adjusted EPS of **$0.85**, and adjusted EBITDA of **$215 million** (excluding asset sales).  **[0001018963_2207925_1]** **[0001018963_2207925_4]** 
- The company raised its full-year 2025 guidance, forecasting adjusted EBITDA between **$848 million and $858 million** and adjusted free cash flow between **$330 million and $370 million**.  **[0001018963_2207925_1]** **[0001018963_2207925_4]** 
- Aerospace and Defense (A&D) revenue grew **21% year over year** in Q3, now representing an all-time high of **70% of total revenue**, driven by a **51% year over year** increase in defense markets and **19% year over year** growth in jet engines.  **[0001018963_2207925_1]** **[0001018963_2207925_2]** **[0001018963_2207925_5]** 
- ATI generated **$299 million** in cash from operations year-to-date and returned **$150 million** to shareholders through share repurchases in Q3.  **[0001018963_2207925_1]** **[0001018963_2207925_4]** 
- Operational improvements, including increased throughput and efficiency, have expanded available capacity by approximately **10%**.  **[0001018963_2207925_3]**

ATI Reports Strong Q3 2025 Results and Raises Full-Year Guidance

- ATI reported strong **Q3 2025 results**, with revenue exceeding **$1.1 billion** and Adjusted EPS of **$0.85**, which was **$0.10 above the high end of their projected range**.  **[0001018963_2208285_1]**  Adjusted EBITDA totaled **$225 million**, or **$215 million excluding a $10 million gain from oil and gas rights sales**.  **[0001018963_2208285_1]** **[0001018963_2208285_4]**  The Adjusted EBITDA margin **exceeded 20%**.  **[0001018963_2208285_1]** 
- The company **raised its full-year 2025 guidance** for Adjusted EBITDA and Adjusted Free Cash Flow, with the midpoint of Adjusted EBITDA increasing by **$28 million** and Adjusted Free Cash Flow by **$40 million**.  **[0001018963_2208285_1]** **[0001018963_2208285_4]** 
- Aerospace and Defense (A&D) revenue **rose 21% year-over-year** in Q3, reaching an **all-time high of 70% of total revenue**.  **[0001018963_2208285_1]** **[0001018963_2208285_5]**  Both segments delivered excellent profitability, with High Performance Materials & Components (HPMC) segment margins **above 24%** and Advanced Alloys & Solutions (AANS) segment margins **above 17%**.  **[0001018963_2208285_1]** 
- ATI generated **$299 million in cash from operations year-to-date**  **[0001018963_2208285_1]**  and returned **$150 million to shareholders this quarter through share repurchases**.  **[0001018963_2208285_1]** 
- EVP and CFO Don Newman announced his **retirement from his role as CFO following the fourth quarter**.  **[0001018963_2208285_5]** 

| Metric | Q3 2025 | FY 2025 Guidance |
|:---|:---|:---|
| Revenue ($USD Millions) | >$1,100  **[0001018963_2208285_1]**  | N/A |
| Adjusted EPS ($USD) | $0.85  **[0001018963_2208285_1]**  | $3.18  **[0001018963_2208285_4]**  |
| Adjusted EBITDA ($USD Millions) | $225  **[0001018963_2208285_1]** **[0001018963_2208285_4]**  | $853  **[0001018963_2208285_4]**  |
| Adjusted EBITDA (excl. O&G) ($USD Millions) | $215  **[0001018963_2208285_1]** **[0001018963_2208285_4]**  | N/A |
| Adjusted EBITDA Margin (%) | >20  **[0001018963_2208285_1]**  | N/A |
| Adjusted Free Cash Flow ($USD Millions) | N/A | $350  **[0001018963_2208285_4]**  |
| Capital Expenditures ($USD Millions) | N/A | $270  **[0001018963_2208285_4]**  |

- **ATI reported strong Q3 2025 financial results**, with sales reaching **$1.126 billion**, a **7% increase year-over-year**, and Adjusted EBITDA growing **21% year-over-year** to **$225 million**.  **[0001018963_2207514:0]** **[0001018963_2207514:1]** **[0001018963_2207514:5]** 
- **Adjusted EPS significantly increased by 42% year-over-year to $0.85** in Q3 2025, while the Adjusted EBITDA margin expanded by **230 basis points year-over-year to 20%**.  **[0001018963_2207514:0]** **[0001018963_2207514:1]** **[0001018963_2207514:5]** 
- **Growth was primarily driven by the Aerospace & Defense (A&D) segment**, which represented **70% of total sales** at **$793 million** in Q3 2025, fueled by **51% year-over-year growth in Defense** and **19% year-over-year growth in Jet Engine sales**.  **[0001018963_2207514:0]** **[0001018963_2207514:1]** **[0001018963_2207514:3]** 
- **ATI raised its full-year 2025 guidance** for Adjusted EPS, Adjusted EBITDA, and Adjusted Free Cash Flow, and repurchased **$150 million in shares** during Q3 2025.  **[0001018963_2207514:0]** **[0001018963_2207514:4]** **[0001018963_2207514:3]**

ATI Reports Strong Q3 2025 Results with Raised Full-Year Guidance

- ATI reported strong Q3 2025 results, with revenue **up 7% year over year** to over **$1.1 billion**, adjusted EPS of **$0.85**, and adjusted EBITDA of **$215 million** (excluding asset sales).  **[0001018963_2208177_1]** **[0001018963_2208177_4]** 
- The company **raised its full-year 2025 guidance**, forecasting adjusted EBITDA between **$848 million and $858 million** and adjusted free cash flow between **$330 million and $370 million**.  **[0001018963_2208177_1]** **[0001018963_2208177_4]** 
- Aerospace & Defense (A&D) revenue **increased 21% year over year** in Q3 2025, now representing **70% of total revenue**, fueled by **51% growth** in defense and **19% growth** in jet engines.  **[0001018963_2208177_1]** **[0001018963_2208177_2]** 
- Operational excellence and strategic investments, including expanded nickel melt capacity and increased titanium supply to Airbus, are driving margin expansion, with High Performance Materials & Components (HPMC) margins above **24%** and Advanced Alloys & Solutions (AANS) margins above **17%**.  **[0001018963_2208177_1]** **[0001018963_2208177_2]** **[0001018963_2208177_3]** **[0001018963_2208177_8]** 
- Don Newman, EVP and CFO, is elected to retire following Q4 2025, with a search for his successor in progress.  **[0001018963_2208177_5]**

- ATI Inc. reported **Q3 2025 sales of $1.13 billion**, marking a **7% year-over-year increase**, primarily driven by **record aerospace & defense sales of $793 million**.  **[1018963_0001628280-25-046559_form8-kq32025ex991.htm:0]** 
- GAAP net income attributable to ATI for Q3 2025 was **$110 million**, or **$0.78 per share**, representing a **33% year-over-year increase**.  **[1018963_0001628280-25-046559_form8-kq32025ex991.htm:0]**  Adjusted earnings per share reached **$0.85**, up from $0.60 in Q3 2024.  **[1018963_0001628280-25-046559_form8-kq32025ex991.htm:0]** 
- The company has raised its **full-year 2025 guidance** for adjusted earnings per share to a range of **$3.15 - $3.21** and adjusted free cash flow to **$330 million - $370 million**.  **[1018963_0001628280-25-046559_form8-kq32025ex991.htm:0]** **[1018963_0001628280-25-046559_form8-kq32025ex991.htm:1]** 
- During Q3 2025, ATI repurchased **$150 million** of its common stock at an average price of **$76.07 per share**, retiring approximately **2.0 million shares**.  **[1018963_0001628280-25-046559_form8-kq32025ex991.htm:4]**

ATI Inc. Announces Strong Q3 2025 Results and Raises Full-Year Guidance

- For the third quarter of 2025, ATI reported **sales of $1.13 billion**, an increase of **7% year-over-year**, driven by a **21% increase in aerospace & defense sales**.  **[1018963_20251028NE08354:0]** 
- **Net income attributable to ATI was $110 million**, up **33% year-over-year**, with **diluted earnings per share of $0.78**.  **[1018963_20251028NE08354:0]** 
- **Adjusted earnings per share were $0.85**, a **42% increase** compared to $0.60 in Q3 2024, and **Adjusted EBITDA was $225 million**, up **21% year-over-year**.  **[1018963_20251028NE08354:1]** **[1018963_20251028NE08354:0]** 
- Aerospace & defense sales reached a **record $793 million**, representing **70% of Q3 2025 sales**.  **[1018963_20251028NE08354:0]** 
- The company **raised its full-year 2025 guidance** for Adjusted Earnings Per Share to a range of **$3.15 - $3.21** (from $2.90 - $3.07) and Adjusted Free Cash Flow to **$330M - $370M** (from $270M - $350M).  **[1018963_20251028NE08354:1]**

ATI Announces Third Quarter 2025 Results and Raises Full Year Guidance

- On September 19, 2025, ATI Specialty Materials, LLC, an indirect wholly-owned subsidiary of ATI Inc., entered into a **three-year, $125 million accounts receivable securitization facility**.  **[1018963_0001193125-25-217804_d911457d8k.htm:1]** 
- Under the facility, certain receivables are sold to special purpose entities, which then borrow from or sell receivables to purchaser/lenders.  **[1018963_0001193125-25-217804_d911457d8k.htm:1]** 
- As of September 25, 2025, approximately **$80 million** of loans and/or investments were outstanding under the Facility.  **[1018963_0001193125-25-217804_d911457d8k.htm:1]**

ATI (ATI)