ATI reports Q1 adjusted EPS $1.00, consensus 88c

Reports Q1 revenue $1.15B, consensus $1.19B. “We delivered a strong start to 2026, exceeding the upper end of our first quarter earnings guidance range,” said Kimberly Fields, CEO. “On a year-over-year basis, we achieved double-digit earnings growth, expanded segment margins, and improved first quarter operati (ATI)ng cash flow by more than $220M – our best quarterly performance in fifteen years. Our laser focus on operational discipline is delivering. “While there are macro uncertainties, demand for our highly differentiated materials remains strong and customer production continues to ramp. Our disciplined execution, long-term contractual positions, and critical role across aerospace and defense markets position us well to navigate the environment. Based on our performance and outlook, we are raising our full-year adjusted earnings and free cash flow guidance. We’re delivering sustained operating efficiencies, with strong year-over-year margin and cash flow improvement. That performance supports the Board’s additional $500M share repurchase authorization. We continue to allocate capital in a disciplined way-investing for growth and returning cash to shareholders, including $75M of repurchases in Q1.”