Ati(NYSE) ATI

ATI makes advanced metals and parts that help jet engines and spacecraft work in extreme heat. These specialty materials are essential for companies building planes, defense equipment, and energy systems. The company helps solve difficult engineering problems by creating materials that are stronger and lighter than standard metals.

What ATI Makes

• High Performance Materials: Jet engine disks, blades, and 3D-printed aerospace parts made from nickel and titanium alloys; accounted for 53% of revenue in fiscal year 2025.
• Advanced Alloys: Metal plates and strips used in nuclear power plants, electronics, and deep-sea oil wells; accounted for 47% of revenue in fiscal year 2025.
• Precision Forgings: Highly engineered components for aircraft landing gear and structural members that can withstand extreme fatigue.
• Specialty Energy Solutions: Materials for solar and wind power, along with zirconium alloys used for fuel cladding in nuclear reactors.

Recent Strategic Moves

• Reached new labor agreements in April 2025 with the United Steelworkers covering 1,100 employees through February 2031.
• Purchased group annuity contracts in October 2023 from Athene Annuity and Life Company to transfer 85% of pension obligations.
• Terminated the Uniti joint venture with VSMPO-AVISMA following the start of the Russia-Ukraine conflict.
• Opened a dedicated metal 3D-printing and post-processing facility in Margate, Florida to serve aerospace and defense customers.

What Makes ATI Stand Out

ATI operates specialized melting facilities that produce unique alloys capable of surviving radiation, corrosion, and intense heat. The company maintains a global reach with 15% of its 7,600 employees located outside the United States across 15 different countries.

The Financial Scorecard

• Revenue reached $1.2 billion in Q4 2025, up 0.4% from Q4 2024.
• Gross profit was $273.4 million in Q4 2025, up 5.6% year-over-year.
• Defense product sales grew by 24% during fiscal year 2025 within the high performance segment.
• Free cash flow was $223.1 million in Q4 2025, down 33.1% from the previous year.
• Confirmed order backlog stood at $3.7 billion as of December 28, 2025.

Bottom Line

ATI has shifted its focus toward high-value aerospace and defense markets, which now represent 68% of total sales. The company has evolved from a general metals producer into a specialized materials science organization focused on next-generation jet engine technology.