ATI Inc. (ATI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us, and welcome to ATI's First Quarter twenty twenty six Earnings Call. After today's prepared remarks, we will host a question and answer session. I will now hand the conference over to David Weston. Please go ahead. Good morning, and welcome to ATI's first quarter twenty twenty six earnings call. Today's discussion is being webcast at atimaterials.com. Joining me today are Kim Fields, President and CEO and Rob Foster, Senior 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, capabilities and outlook and 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. Good morning, and thank you for joining us. We're off to a great start in 2026. We delivered strong first quarter performance by driving higher quality revenue, expanded margins, and improved cash flow. This quarter demonstrates that the ATI model is working. We're prioritizing the right volume, expanding margins and converting demand into earnings and cash flows. First quarter results exceeded the high end of our guidance, supported by disciplined operational execution and richer mix. Demand across our core markets remains robust, and we continue to grow alongside our customers. I'll highlight the quarter's results. Revenue was $1,150,000,000 in line with expectations, with 69% attributed to Aerospace and Defense. Adjusted EBITDA was $23...