Ati announces fourth quarter and full year 2023 results

Continued strong performance and year-over-year revenue growth in aerospace and defense q4 2023 sales of $1.06 billion, up 5% over q4 2022; full year 2023 sales of $4.17 billion, up 9% over full year 2022 q4 2023 net income attributable to ati of $145.7 million, or $0.99 per share; full year 2023 net income attributable to ati of $410.8 million, or $2.81 per share aerospace and defense represent 63% of q4 2023 sales, up from 61% of q3 2023 sales and 53% of q4 2022 sales full year operating cash flow of $85.9 million, including $272.0 million of defined benefit pension plan contributions non-gaap information** q4 adjusted net income attributable to ati of $93.0 million or $0.64 per share q4 2023 ati adjusted ebitda of $160.7 million, or 15.1% of sales full year free cash flow of $164.7 million dallas , feb. 1, 2024 /prnewswire/ -- ati inc. (nyse: ati) reported fourth quarter 2023 results, with sales of $1.06 billion and net income attributable to ati of $145.7 million, or $0.99 per share.    sequential y-o-y ($ in millions except per share amounts) q4 2023 q3 2023* change q4 2022* change sales $1,064.0 $1,025.6 4 % $1,010.4 5 % net income attributable to ati $145.7 $90.2 62 % $193.0 (25) % earnings per share $0.99 $0.62 60 % $1.30 (24) % non-gaap information** adjusted net income attributable to ati** $93.0 $94.2 (1) % $92.7 — % adjusted earnings per share** $0.64 $0.64 — % $0.63 2 % ati adjusted ebitda** $160.7 $162.6 (1) % $155.9 3 %   *three months ended september 30, 2023 and december 31, 2022 reflect the change in accounting policy for recognizing actuarial gains and losses for the company's defined benefit pension plans.
ATI Ratings Summary
ATI Quant Ranking