ATI Inc announces $500 million share repurchase program

ATI Inc. (NYSE: ATI) announced that its Board of Directors authorized the repurchase of up to $500 million of its outstanding common stock. The aerospace and defense materials company said the authorization will support a multi-year share repurchase program combined with $120 million remaining from a prior authorization.

The company said repurchases may occur in the open market or through privately negotiated transactions. The timing and amount of repurchases will depend on market conditions and corporate needs. Open market repurchases will comply with SEC Rule 10b-18 pricing and volume requirements.

ATI noted the program does not obligate the company to repurchase any specific number of shares and may be modified, suspended, or terminated at any time by the Board of Directors without prior notice.

"This latest renewal of our stock repurchase program reflects our continuing confidence in ATI's long-term future performance," said President and CEO Kim Fields. "Responsibly returning capital to shareholders has been, and continues to be, a priority for ATI."

ATI produces materials and solutions for aerospace and defense markets, as well as electronics, medical and specialty energy applications. The company is based in Dallas.

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