Edition:
India

Allegheny Technologies Inc (ATI.N)

ATI.N on New York Stock Exchange

9.36USD
25 Sep 2020
Change (% chg)

$0.28 (+3.08%)
Prev Close
$9.08
Open
$8.94
Day's High
$9.36
Day's Low
$8.87
Volume
648,647
Avg. Vol
709,790
52-wk High
$24.16
52-wk Low
$4.95

Latest Key Developments (Source: Significant Developments)

Allegheny Reports Q2 Adjusted Loss Per Share Of $0.02
Tuesday, 4 Aug 2020 

Aug 4 (Reuters) - Allegheny Technologies Inc ::ATI ANNOUNCES SECOND QUARTER 2020 RESULTS.Q2 ADJUSTED LOSS PER SHARE $0.02.Q2 LOSS PER SHARE $3.34.Q2 SALES $770 MILLION.Q2 RESULTS INCLUDE $328 MILLION OF PRETAX CHARGES.ALLEGHENY TECHNOLOGIES - ANTICIPATE CURRENT CHALLENGING, UNCERTAIN ECONOMIC CONDITIONS TO PERSIST FOR AT LEAST BALANCE OF 2020.  Full Article

Allegheny Technologies Announces Proposed Convertible Notes Offering
Wednesday, 17 Jun 2020 

June 17 (Reuters) - Allegheny Technologies Inc ::ALLEGHENY TECHNOLOGIES ANNOUNCES PROPOSED CONVERTIBLE NOTES OFFERING.ALLEGHENY TECHNOLOGIES INC - INTENDS TO REPURCHASE A PORTION OF ITS 2022 NOTES.ALLEGHENY TECHNOLOGIES - INTENDS TO USE NET PROCEEDS TO REPURCHASE A PORTION OF OUTSTANDING 4.75% CONVERTIBLE SENIOR NOTES DUE 2022.  Full Article

Allegheny Technologies Reports Q1 Adj EPS Of $0.20
Tuesday, 5 May 2020 

May 5 (Reuters) - Allegheny Technologies Inc ::ATI ANNOUNCES FIRST QUARTER 2020 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.20.Q1 EARNINGS PER SHARE $0.16.Q1 SALES FELL 5 PERCENT TO $956 MILLION.WITHDRAWING FULL YEAR 2020 GUIDANCE.  Full Article

Allegheny Technologies Says A&T Stainless To Idle Midland Operations
Wednesday, 1 Apr 2020 

March 31 (Reuters) - Allegheny Technologies Inc ::ALLEGHENY TECHNOLOGIES INC - A&T STAINLESS TO IDLE MIDLAND OPERATIONS.ALLEGHENY TECHNOLOGIES - A&T STAINLESS PLANS TO IDLE DIRECT ROLL ANNEAL AND PICKLE OPERATIONS IN MIDLAND, PENNSYLVANIA BY JUNE END DUE TO SECTION 232 TARIFFS.ALLEGHENY TECHNOLOGIES INC - A&T STAINLESS HAS ALERTED NEARLY 70 MIDLAND-BASED EMPLOYEES THAT DRAP WILL BE IDLED BY END OF Q2.  Full Article

Allegheny Technologies Says HPMC Is Now Comprised Of Specialty Materials And Forged Products Businesses, As Well As ATI Europe Distribution Operations
Tuesday, 17 Mar 2020 

March 17 (Reuters) - Allegheny Technologies Inc ::ALLEGHENY TECHNOLOGIES - HPMC IS NOW COMPRISED OF SPECIALTY MATERIALS AND FORGED PRODUCTS BUSINESSES, AS WELL AS ATI EUROPE DISTRIBUTION OPERATIONS.ALLEGHENY- NEW AAS SEGMENT COMBINES SAC BUSINESS, INCLUDING TITANIUM OPERATIONS IN RICHLAND, WA AND ALBANY, OR, WITH ATI'S FORMER FRP BUSINESS SEGMENT.ALLEGHENY TECHNOLOGIES - FINANCIAL RESULTS OF AEROSPACE-GRADE TITANIUM PLATE PRODUCTS ALSO TRANSFERRED FROM HPMC TO AAS EFFECTIVE JAN 1.  Full Article

ATI Realigns Business Portfolio To Accelerate Profitable Growth
Tuesday, 17 Mar 2020 

March 17 (Reuters) - Allegheny Technologies Inc ::ATI REALIGNS BUSINESS PORTFOLIO TO ACCELERATE PROFITABLE GROWTH.ALLEGHENY TECHNOLOGIES INC - REALIGNMENT OF ITS BUSINESS SEGMENTS.ALLEGHENY TECHNOLOGIES INC - STARTING WITH Q1 2020 FINANCIAL RESULTS, ATI WILL REPORT IN TWO BUSINESS SEGMENTS.ALLEGHENY TECHNOLOGIES - EXPECTS TOTAL ANNUALIZED OPERATIONAL AND COMMERCIAL SYNERGIES OF ABOUT $7 MILLION BY YEAR-END 2021, $15 MILLION BY YEAR-END 2022.ALLEGHENY-WILL REPORT IN 2 BUSINESS SEGMENTS: STREAMLINED HIGH PERFORMANCE MATERIALS & COMPONENTS SEGMENT AND NEW ADVANCED ALLOYS & SOLUTIONS SEGMENT.ALLEGHENY TECHNOLOGIES INC - ANNOUNCED VOLUNTARY RETIREMENT INCENTIVE PROGRAM FOR ELIGIBLE SALARIED EMPLOYEES.ALLEGHENY TECHNOLOGIES INC - EXPECTS TO RECORD A CHARGE OF ABOUT $8 MILLION IN Q1 2020 FOR THE VOLUNTARY RETIREMENT PROGRAM.  Full Article

Ati Announces Q4 Earnings Per Share $0.41
Tuesday, 4 Feb 2020 

Feb 4 (Reuters) - Allegheny Technologies Inc ::ATI ANNOUNCES FOURTH QUARTER AND FULL YEAR 2019 RESULTS.Q4 EARNINGS PER SHARE $0.41.Q4 SALES FELL 2 PERCENT TO $1.02 BILLION.Q4 ADJUSTED EARNINGS PER SHARE $0.36.ALLEGHENY TECHNOLOGIES - EXPECT TO INCREASE Q1 EARNINGS PER SHARE YEAR-OVER-YEAR ON A LIKE-TAX BASIS DESPITE AEROSPACE INDUSTRY CHALLENGES.ALLEGHENY TECHNOLOGIES - "WILL BE OPPORTUNISTIC WITH OUR CAPACITY TO MINIMIZE NEGATIVE FINANCIAL IMPACTS FROM 737 MAX PRODUCTION STOPPAGE".Q4 EARNINGS PER SHARE VIEW $0.32, REVENUE VIEW $994.4 MILLION -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE VIEW $0.29 -- REFINITIV IBES DATA.  Full Article

ATI Issues 5.875% $350 Million Senior Notes Due 2027
Tuesday, 26 Nov 2019 

Nov 26 (Reuters) - Allegheny Technologies Inc ::ATI ISSUES 5.875% $350 MILLION SENIOR NOTES DUE 2027.ALLEGHENY TECHNOLOGIES INC - RECENTLY ANNOUNCED THAT IT ISSUED $350 MILLION OF NEW SENIOR UNSECURED NOTES AT A 5.875% INTEREST RATE DUE IN DEC 2027.ALLEGHENY TECHNOLOGIES-WILL USE PROCEEDS OF 2027 NOTES TO REDEEM ALL OUTSTANDING $500 MILLION OF 5.95% SENIOR UNSECURED NOTES DUE JAN 2021 ON DEC 23, 2019.ALLEGHENY TECHNOLOGIES-COMBINED, THE ACTIONS REDUCE ATI'S DEBT BY $150 MILLION, ARE EXPECTED TO REDUCE ANNUAL INTEREST EXPENSE BY $9 MILLION BEGINNING IN 2020.ALLEGHENY TECHNOLOGIES INC - WILL RECOGNIZE A DEBT EXTINGUISHMENT CHARGE OF ABOUT $21 MILLION IN Q4 2019 RELATED TO 2021 NOTES REDEMPTION.  Full Article

Allegheny Technologies Announces Proposed Senior Notes Offering
Tuesday, 19 Nov 2019 

Nov 19 (Reuters) - Allegheny Technologies Inc ::ALLEGHENY TECHNOLOGIES ANNOUNCES PROPOSED SENIOR NOTES OFFERING.ALLEGHENY TECHNOLOGIES - TO USE PROCEEDS FROM OFFERING, WITH CASH ON HAND, TO FUND REDEMPTION OF ALL OUTSTANDING 5.950% SENIOR NOTES DUE 2021.  Full Article

ALLEGHENY TECHNOLOGIES - Expands Carbon Steel Hot-Rolling Conversion Agreement
Wednesday, 13 Nov 2019 

Nov 13 (Reuters) - Allegheny Technologies Inc ::ATI AND NLMK EXPAND CARBON STEEL HOT-ROLLING CONVERSION AGREEMENT.ALLEGHENY TECHNOLOGIES INC - SIGNED ANOTHER 1 YEAR AGREEMENT TO EXTEND AND EXPAND CARBON STEEL HOT-ROLLING CONVERSION SERVICES FOR NLMK USA.ALLEGHENY TECHNOLOGIES INC - ATI EXPECTS 2020 VOLUMES COVERED UNDER THIS AGREEMENT TO MEANINGFULLY INCREASE OVER 2019 LEVELS.  Full Article