ATI Inc. (ATI) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

online at atimaterials.com. Participating in today's call to share key points from our first quarter results are Kim Fields, President and CEO, and Don Newman, Executive Vice President and CFO. Before starting our prepared remarks, I would like to draw your attention to the supplemental presentation that accompanies this call. Those slides provide additional color and details on our results and outlook. It can also be found on our website at atimaterials.com. After our prepared remarks, we'll open the line for questions. As a reminder, all forward-looking statements are subject to various assumptions and caveats. These are noted in the earnings release and in the accompanying presentation. Now, I'll turn the call over to Kim. Thanks, Dave. Good morning, everyone, and thank you for joining us. Q1 was an excellent start to 2025 for ATI. Continuing the strong momentum we built in the fourth quarter, Our focus is firmly on execution and our results reflect that. Demand remains strong in our core aerospace and defense markets. Customers continue to turn to ATI for our differentiated products, recognizing us as a critical supplier in their value chain. Our ability to deliver high quality consistently at scale has led to expansion of long-term contracts and increased share positions across key platforms. Before we discuss our growth drivers, let's look at the Q1 results we announced this morning. Revenues grew 10% year over year, exceeding $1.1 billion for the quarter. Adjusted EBITDA reached $195 million, surpassing the top end of our guidance range by $15 million. Adjusted earnings per share came in at 72 cents, again, beating the top of our guidance range of 55 to 61 cents. And last week we reported that 1,000 USW represented employees in our AA&S segment ratified a six-...