ATI Announces First Quarter 2021 Results
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Allegheny Technologies (ATI) Tops Q1 EPS by 18c, Revenues Beat
April 29, 2021 7:32 AM EDTAllegheny Technologies (NYSE: ATI) reported Q1 EPS of ($0.06), $0.18 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $692.5 million versus the consensus estimate of $638.31 million.
"Our first quarter financial results exceeded expectations, benefiting from the ongoing modest recovery in jet engine production, our aggressive 2020 cost cutting actions and a strong tailwind from nickel and other raw material prices," said Robert S. Wetherbee, President and CEO. "Despite our expected seasonal cash burn, our strong... More
