Allegheny Technologies (ATI) Tops Q1 EPS by 20c

Allegheny Technologies (NYSE: ATI) reported Q1 EPS of $0.40, $0.20 better than the analyst estimate of $0.20. Revenue for the quarter came in at $834.1 million versus the consensus estimate of $750.69 million.

Outlook:

"Looking ahead to the second quarter, we expect continued growth in our most significant end markets. In this environment, our lean cost structures will give us the advantage to improve earnings and margins versus the prior year. We'll continue to improve inventory efficiency, balanced with ensuring an adequate supply of input materials to achieve growth," said Wetherbee. "Recognizing the current geopolitical volatility in Europe and Asia creates both challenges and long-term opportunities for ATI, we're working closely with our customers and suppliers to ensure we are in the best position to effectively accelerate our business velocity and reward our stakeholders over time."

For earnings history and earnings-related data on Allegheny Technologies (ATI) click here.

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