ATI

EX-99.1

2 form8-kq22026ex991.htm

EX-99.1

Document

NEWS RELEASE

ATI Inc.Investor Contact:Media Contact:

Corporate HeadquartersRob RengelNatalie Gillespie

2021 McKinney Avenue309-339-4509412-394-2850

Dallas, TX 75201 U.S.A.rob.rengel@ATImaterials.comnatalie.gillespie@ATImaterials.com

www.ATImaterials.com

ATI Announces Second Quarter 2026 Results

ATI Exceeds the High End of Q2 Guidance and Raises Full-Year Outlook

GAAP diluted EPS up 56% year-over-year

Net income attributable to ATI increased 50%, adjusted EBITDA rose 37% year-over-year

Adjusted EBITDA margin expanded 440 basis points to 22.6% year-over-year

Second Quarter 2026 GAAP Financial Results

◦     Sales of $1.26 billion, up 11% year-over-year, driven by a 13% aerospace & defense increase

◦     Net income attributable to ATI of $151 million, up 50% year-over-year

◦     Earnings per share of $1.09 compared to $0.70 per share in second quarter 2025

Second Quarter 2026 Non-GAAP Financial Information(a)

◦Adjusted net income attributable to ATI(a) of $170 million, up 60% year-over-year

◦Adjusted earnings per share(a) of $1.23, compared to $0.74 per share in second quarter 2025

◦Adjusted EBITDA(a) of $284 million, an increase of 37% year-over-year

◦Adjusted EBITDA(a) as a percentage of sales of 22.6%, compared to 18.2% in second quarter 2025

Guidance

The Company is providing third quarter and updated full-year 2026 guidance in the table below.

Current Guidance Prior Guidance

Q3 2026Full Year 2026Full Year 2026

Adjusted EBITDA(b)

$305M - $315M$1,135M - $1,185M$1,010M - $1,060M

Adjusted Earnings Per Share(b) $1.31 - $1.37$4.90 - $5.18$4.20 - $4.48

Adjusted Free Cash Flow(b)

$550M - $600M$465M - $525M

(a) Reconciliations of the reported information under accounting principles generally accepted in the United States (GAAP) to non-GAAP financial measures are included in accompanying financial tables. Non-GAAP financial measures should be viewed in addition to, and not superior to or as an alternative for, the Company’s reported results prepared in accordance with GAAP.

(b) Detailed reconciliations of the forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures are not available without unreasonable effort due to the complexity of the excluded components.

1

DALLAS, TX--(PR Newswire)--August 6, 2026--ATI Inc. (NYSE: ATI) reported second quarter 2026 results, with sales of $1.26 billion and net income attributable to ATI of $151 million, or $1.09 per share.

SequentialY-O-Y

($ in millions except per share amounts)Q2 2026Q1 2026ChangeQ2 2025Change

Sales$1,261.1$1,151.510 %$1,140.411 %

Net income attributable to ATI$151.0$118.228 %$100.750 %

Earnings per share$1.09$0.8528 %$0.7056 %

Non-GAAP information(a)

Adjusted net income attributable to ATI(a) $169.7$139.222 %$106.459 %

Adjusted earnings per share(a) $1.23$1.0023 %$0.7466 %

ATI adjusted EBITDA(a) $284.4$231.723 %$207.737 %

Second quarter 2026 GAAP earnings per share were $1.09 and adjusted earnings per share(a) were $1.23. Net income attributable to ATI was $151.0 million and ATI adjusted EBITDA(a) was $284.4 million, or 22.6% of sales. Second quarter 2026 GAAP and non-GAAP results include a gain of $9.9 million, or $0.06 per share, from the sale of a previously closed manufacturing facility in the AA&S segment.

Second quarter 2026 adjusted results exclude pre-tax charges of $23.6 million for special items consisting of $10.1 million of start-up and transaction-related costs, $7.0 million of transformation-related costs, $3.9 million of restructuring-related costs, and $2.6 million of losses on the sale of customer accounts receivable. The after-tax impact of these special items was a charge of $18.7 million, or $0.14 per share.

First quarter 2026 adjusted results exclude pre-tax charges of $26.4 million for special items consisting of $11.1 million of start-up and transaction costs, $8.1 million of restructuring-related costs, $4.8 million of transformation costs, and $2.4 million of losses on the sale of customer accounts receivable. The after-tax impact of these special items was a charge of $21.0 million, or $0.15 per share. Second quarter 2025 adjusted results exclude pre-tax charges of $7.4 million for special items. The after-tax impact of these special items was a charge of $5.7 million, or $0.04 per share. The Non-GAAP tables included within this release provide the reconciliations of the GAAP to Non-GAAP financial measures and additional details on the special items noted above.

"We delivered another solid quarter, with results above the high end of our guidance and adjusted EBITDA up 37% year-over-year on 11% sales growth. This is a clear example of the earnings potential we’ve been building across both of our segments. Adjusted EBITDA margin expanded 440 basis points to 22.6%, and our backlog reached another record at $4.4 billion, up 18% year-over-year, as demand for our unique aerospace and defense materials conti

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ati-202602030001018963false00010189632026-02-032026-02-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 3, 2026

ATI Inc. (Exact name of registrant as specified in its charter)

Delaware1-12001 25-1792394 (State or other jurisdiction of incorporation)(Commission File Number) (IRS Employer Identification No.)

2021 McKinney Avenue,Dallas,Texas 75201 (Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (800) 289-7454 N/A (Former name or former address, if changed since last report).

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.10 per shareATI New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02.     Results of Operations and Financial Condition.

On February 3, 2026, ATI Inc. ("the Company") issued a press release (the "Earnings Press Release") announcing its financial results for the fourth quarter 2025. The text of the Press Release is included as Exhibit 99.1 to this Current Report on Form 8-K.

The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not deemed incorporated by reference into any filing under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

Item 9.01.     Exhibit.

(d)Exhibit 99.1Press release dated February 3, 2026.

Exhibit 104Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ATI Inc. By:/s/ James Robert Foster James Robert Foster Senior Vice President, Finance and Chief Financial Officer

Dated:February 3, 2026