ATI Announces Second Quarter 2019 Results
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Allegheny Technologies (ATI) Tops Q2 EPS by 6c, Revenues Beat
July 23, 2019 7:32 AM EDTAllegheny Technologies (NYSE: ATI) reported Q2 EPS of $0.40, $0.06 better than the analyst estimate of $0.34. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.05 billion.
Sales of $1.08 billion, 7% above Q2 2018High Performance Materials & Components (HPMC) sales of $642 million, increased 9% versus Q2 2018Flat Rolled Products (FRP) sales of $438 million, up 5% versus Q2 2018Business segment operating profit of $114.5 million, or 10.6% of salesHPMC segment operating profit of $98.9 million, or 15.4% of salesFRP segment operating profit of $15.6 million, or 3.6% of salesSales of non-core assets generated... More