ATI reports Q3 adjusted EPS 85c, consensus 74c

Reports Q3 revenue $1.13B, consensus $1.12B. “We exceeded our guidance in Q3, delivering strong adjusted earnings and operati (ATI)ng cash flow performance. We continue to see positive demand signals in our core markets, as our customers ramp to achieve their growth targets. We are well-positioned to grow our defense-related business through an expanding mix of highly differentiated products critical to the U.S. and our allies,” said CEO Kimberly Fields. “Our outstanding performance, contractual positions and steady demand give us the confidence to raise the full-year ranges of our adjusted earnings and cash flow guidance. We continue to drive efficiencies in working capital with the goal of maximizing free cash flow. Our year-to-date operating cash flow of $299M reflects an improvement of $273M compared to last year. This performance enabled us to support our growth while continuing to return capital to shareholders. During Q3, we repurchased $150M of our stock, bringing our total 2025 share repurchases to $470M”.