ATI Inc. (ATI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining us and welcome to the ATI Second Quarter twenty twenty six Results Conference Call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. I will now hand the conference over to Rob Rangel, Vice President of Investor Relations. Please go ahead. Good morning and welcome to ATI's second quarter twenty twenty six earnings call. I'm excited to step into this role and I want to begin by recognizing Dave Weston and the significant contributions he made to ATI before his retirement. Today's discussion is being webcast at atimaterials.com. Joining me are Kim Fields, Board Chair, 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. 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. After our prepared remarks, we'll open the line for questions. Now I'll turn the call over to Kim. Thanks, Rob, and welcome to the team, and good morning, everyone. Thank you for joining us. Turning to Slide three. ATI delivered another strong quarter, demonstrating the increasing earnings power of our business. Second quarter adjusted EBITDA was $284,000,000 $29,000,000 above the high end of our prior guidance. Excluding a $10,000,000 asset sale gain, underlying performance still exceeded the high end of our guidance by $19,000,000 Adjusted EBITDA increased 37% year over year, making this...