Allegheny Technologies (ATI) Misses Q1 EPS by 1c
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ATI Announces First Quarter 2016 Results
April 26, 2016 7:20 AM EDTFirst Quarter 2016 Results
Sales were $758 million, up 3% compared to fourth quarter 2015 High Performance Materials & Components sales were $493 million, up 8% Flat Rolled Products sales were $265 million, down 6% Aerospace and Defense sales increased 12% and represented 52% of total ATI sales Commercial aerospace sales increased 20% Business segment results were a loss of $81 million High Performance Materials & Components segment operating profit improved nearly 40% to $29 million, or 5.9% of sales Impacted by... More