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Allegheny Technologies Inc (ATI.N)

ATI.N on New York Stock Exchange

21.93USD
17 Nov 2017
Change (% chg)

$0.04 (+0.18%)
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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​
Wednesday, 8 Nov 2017 

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
Wednesday, 8 Nov 2017 

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 

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 

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 

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

WS Management Lllp reports 5 pct passive stake in Allegheny Technologies Inc, as of october 27, 2016
Saturday, 5 Nov 2016 

WS Management Lllp :WS Management LLLP reports 5 pct passive stake in Allegheny Technologies Inc, as of October 27, 2016 - SEC Filing.  Full Article

Allegheny Technologies reports Q3 results
Tuesday, 25 Oct 2016 

Allegheny Technologies Inc : ATI announces third quarter 2016 results . Q3 loss per share $0.21 excluding items . Q3 loss per share $4.95 . Q3 sales $771 million . Allegheny says "beyond 2017, we continue to expect capital expenditures to average no more $100 million annually for next several years" . Allegheny says now expect full year 2016 capital expenditures to be approximately $215 million . Allegheny says additional restructuring actions expected to improve 2017 FRP segment operating profit by approximately $10 million . Allegheny says restructuring among other things expected to improve operating earnings by about $50 million beginning in 2017, mainly in HPMC segment . Allegheny says "looking beyond this year, we expect FRP segment to be profitable in 2017" . Allegheny says expect 2017 capital expenditures to be approximately $120 million including 2016 carryover among others . Allegheny says expect to recognize approximately $10 million of additional closure costs for Rowley facility in Q4 2016 .Allegheny says sales to aerospace and defense market represented 77% of Q3 segment sales: 45% jet engine, 20% airframe, 12% government aero/defense.  Full Article

Allegheny Technologies announces actions to improve future financial performance
Thursday, 25 Aug 2016 

Allegheny Technologies Inc : Allegheny technologies announces actions to improve future financial performance . Actions are expected to improve ATI's annual operating income by about $50 million beginning in 2017 . Total charges from actions, including tax valuation allowance, are expected to be $4.89 per share . In addition, actions are expected to generate about $50 million of cash flow from lower managed working capital . Expects to record total pre-tax, non-cash impairment charges of about $470 million for idled facilities . Expects to record pre-tax shutdown and idling costs of about $34 million ($23 million after tax, or $0.22 per share) . ATI's Rowley, UT titanium sponge facility will be idled by end of 2016 . As a result of actions, expects total pre-tax, non-cash impairment charges of about $470 million for idled facilities . $4.83 per share of total charges from actions is expected to be recognized in Q3 2016 and remainder in Q4 2016 . Will also record about $183 million, or $1.71 per share, in non-cash income tax valuation allowances related to U.S. Federal tax benefits . Consolidating certain higher cost titanium hot-working operations in Albany . Total charges expected to be $4.89 per share, of which $4.83 per share expected to be recognized in Q3, remainder in Q4.  Full Article

Allegheny Technologies reports Q2 loss per share $0.18
Tuesday, 26 Jul 2016 

Allegheny Technologies Inc : Q2 loss per share $0.18 . Q2 sales rose 7 percent to $811 million . Allegheny Technologies Inc says expect shipments of specialty coil and plate products to increase in second half of 2016 . Q2 earnings per share view $-0.37, revenue view $792.8 million -- Thomson Reuters I/B/E/S . ATI says continue to estimate that full year 2016 capital expenditures will be less than $240 million .ATI says beyond 2016 we expect capital expenditures to be less than $100 million annually for next several years.  Full Article

Allegheny Technologies agreed to sell $250.0 million aggregate principal of 4.75% convertible senior notes due 2022
Thursday, 19 May 2016 

Allegheny Technologies Inc: Agreed to sell $250.0 million aggregate principal amount of 4.75% convertible senior notes due 2022 . Has granted underwriters a 30-day option to purchase up to an additional $37.5 million aggregate principal amount of notes . Notes will pay interest semi-annually in arrears at a rate of 4.75% per year and will mature on July 1, 2022 .Allegheny technologies announces pricing of convertible senior notes offering.  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​