ATI

A month has gone by since the last earnings report for Curtiss-Wright (CW). Shares have added about 2.6% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Curtiss-Wright due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Curtiss-Wright Q1 Earnings Outpace Estimates, Revenues Increase Y/YCurtiss-Wright reported adjusted earnings per share (EPS) of $3.48, which beat the Zacks Consensus Estimate of $3.32 by 4.8%. The bottom line also came in higher than the year-ago quarter’s earnings of $2.82 per share.The company reported GAAP earnings of $3.46 per share, up 29.1% from the prior-year period. The company’s net sales of $913.7 million increased 13.4% year over year. The top line beat the Zacks Consensus Estimate of $867 million by 5.4%.The company reported an adjusted operating income of $160 million, up 19.4% year over year. Its adjusted operating margin was 17.6%, up 100 basis points (bps).Curtiss-Wright’s total backlog at the end of the first quarter was $4.3 billion.New orders of $1.2 billion rose 16% year over year, driven by the strong demand in the company’s naval defense, commercial nuclear and industrial end markets. Aerospace & Industrial: Sales in this segment improved 12% year over year to $255 million.The adjusted operating income increased 24% to $39 million. Also, the unit’s adjusted operating margin expanded 150 bps to 15.4%.Defense Electronics: Sales in this segment improved 5% year over year to $256 million.The unit’s adjusted operating income improved 7% to $72 million. The adjusted operating margin expanded 60 bps to 28.1%.Naval & Power: Sales in this segment increased 21% year over year to $402 million.The segment's adjusted operating income increased 33% to $60 million. The adjusted operating margin expanded 140 bps to 14.9%. CW’s cash and cash equivalents as of March 31, 2026, were $343.4 million compared with $371.3 million as of Dec. 31, 2025.The long-term debt was $757.6 million compared with $757.9 million as of Dec. 31, 2025.The net cash outflow from operating activities amounted to $6 million during the first three months of 2026 compared with $39 million in the prior-year period.The free ca...

A month has gone by since the last earnings report for Mercury Systems (MRCY). Shares have added about 21.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Mercury Systems due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Mercury Systems Inc before we dive into how investors and analysts have reacted as of late. Mercury Systems reported adjusted earnings of 27 cents per share for the third quarter of fiscal 2026, which beat the Zacks Consensus Estimate by 350%. The bottom line increased significantly year over year from 6 cents in the prior-year quarter.In the fiscal third quarter, MRCY reported revenues of $236 million, reflecting an 11.5% organic year-over-year increase and surpassing the Zacks Consensus Estimate by 12.06%.Fiscal third-quarter results were ahead of management's expectations, with significant year-over-year growth in backlog, revenues and adjusted EBITDA, driven by strong demand signals and solid execution. Total bookings for the third quarter of fiscal 2026 were a record $348 million, up 73.7% year over year, yielding a book-to-bill ratio of 1.48. As a defense technology company focused on mission-critical processing systems, Mercury Systems operates primarily as a single-segment business serving aerospace and defense markets. Third-quarter bookings were driven largely by follow-on production orders, reflecting the company's transition toward higher-rate production. The largest bookings spanned several missile, C4I and space programs, and the quarter featured the strongest bookings of the fiscal year for solutions leveraging Mercury's Common Processing Architecture. The company also secured a follow-on development award on a strategic program with potential to proliferate across multiple platforms.MRCY achieved a record total backlog of approximately $1.6 billion as of March 27, 2026, up 17.9% (an approximately $240 million increase) year over year. Of the total backlog, $891 million represents orders expected to be recognized as revenues within the next 12 months. The 12-month backlog also increased 10.3% sequentially. Trailing 12-month bookings reached a record $1.23 billion. Third-quarter fiscal 2026 adjusted EBITDA was $36 million, up 46.2% from $25 million...

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ATI Inc. ATI posted adjusted earnings of $1 per share for the first quarter of 2026, up 39% from the year-ago quarter. The figure beat the Zacks Consensus Estimate of 88 cents by 13.6%. Sales of $1,151.5 million rose 1% year over year but missed the consensus estimate of $1,186.1 million by 2.9%. Strength in aerospace and defense demand supported results, while profitability benefited from improved mix and pricing. The consolidated adjusted EBITDA lift of 19% year over year to $231.7 million pointed to better operating leverage and a richer product mix, particularly in the company’s higher-value materials portfolio. ATI Inc. price-consensus-eps-surprise-chart | ATI Inc. Quote High-Performance Materials & Components (HPMC) generated sales of $614.3 million, up 5.2% from the year-ago quarter. However, the figure fell short of the consensus estimate of $647 million. Segment EBITDA rose 16.7% year over year to $152.9 million. Advanced Alloys & Solutions (AA&S) posted sales of $537.2 million, down 4.1% year over year. The figure missed the consensus estimate of $559 million. Segment EBITDA increased 16.3% to $97 million, reflecting stronger price/mix despite the sales decline. ATI ended the quarter with cash and cash equivalents of $401.7 million, compared with $416.7 million at the end of 2025. The company’s cash position reflected the combination of higher operating cash generation and continued capital returns, alongside typical working-capital movements. Long-term debt totaled $1,794.7 million at quarter end, up from $1,718.3 million at the end of 2025. Management lifted full-year expectations following the first-quarter performance. For the second quarter of 2026, ATI expects adjusted EBITDA of $245-$255 million and adjusted earnings of 98 cents-$1.04 per share. For full-year 2026, adjusted EBITDA is now expected to be in the range of $1,010-$1,060 million, up from the prior $975-$1,025 million view. Adjusted earnings guidance was raised to $4.20-$4.48 per share from $3.99-$4.27 previously, alongside a higher adjusted free cash flow outlook of $465-$525 million versus the prior $430-$490 million range. ATI’s shares are up 123.7% over a year compared with the 23.8% growth recorded by the industry. Image Source: Zacks Investment Research ATI currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the basic materials space are CF Industries Holdi...

Performance beat was driven by a deliberate shift in capacity allocation toward high-margin aerospace, defense, and specialty energy markets, prioritizing 'quality revenue' over pure volume. Operational throughput at primary melt facilities increased by more than 15% year-over-year, reflecting structural improvements in equipment reliability and yield optimization. The company is leveraging a capacity-constrained market to capture share in differentiated materials, supplying 6 of the 7 most advanced jet engine nickel alloys. Management attributes margin expansion to '80/20' portfolio rationalization, exiting lower-margin industrial and electronics business to focus on complex, long-term contracted programs. Record backlog of $4.1 billion provides high visibility, with lead times for premium titanium and isothermal forgings extending toward two years due to robust demand. Strategic positioning in next-generation engine platforms like LEAP and GTF provides a hedge against legacy aircraft retirements, as ATI content is roughly 2x higher on these newer models. Full-year adjusted EBITDA guidance was raised to a midpoint of $1.035 billion, assuming continued strength in jet engine and defense markets with a bias toward the upper end of growth targets. Airframe revenue is expected to follow a 'story of two halves,' with a flat first half followed by a second-half ramp as customer inventory levels normalize and production rates increase. Guidance assumes consolidated incremental margins of approximately 40% for the full year, with the second half outpacing the first due to LTA price resets and favorable mix shifts. Defense revenue is projected for mid-teens growth, specifically supported by the acceleration of missile-related demand and the replenishment of global munitions inventories. Management expects to generate positive free cash flow in every quarter of 2026, supported by improved working capital efficiency and disciplined capital allocation. Renewed a 5-year naval nuclear program agreement projected to generate $1 billion in revenue, more than doubling the annual revenue of the previous contract at 'aero-like' margins. Signed a $250 million, 5-year agreement with Cameco, reinforcing ATI's role in the global nuclear supply chain with improved product mix and pricing. Management is closely monitoring Middle East geopolitical developments for impacts on fuel pr...

Image source: The Motley Fool. April 30, 2026 at 8:30 a.m. ET President and Chief Executive Officer — Kimberly Fields Executive Vice President and Chief Financial Officer — James Foster Kimberly Fields: Good morning, and thank you for joining us. We're off to a great start in 2026. We delivered strong first quarter performance by driving higher quality revenue, expanded margins and improved cash flow. This quarter demonstrates that the ATI model is working. We're prioritizing the right volume, expanding margins and converting demand into earnings and cash flows. First quarter results exceeded the high end of our guidance, supported by disciplined operational execution and richer mix. Demand across our core markets remains robust, and we continue to grow alongside our customers. I'll highlight the quarter's results. Revenue was $1.15 billion, in line with expectations, with 69% attributed to aerospace and defense. Adjusted EBITDA was $232 million, up 19% year-over-year and above the high end of our guidance. Adjusted EBITDA margin reached 20%, up more than 300 basis points year-over-year. Adjusted free cash flow was $75 million, a meaningful improvement from last year and a clear indicator of strong cash discipline. This performance reflects more than favorable market conditions. It signals a fundamentally stronger ATI. What sets us apart today is the improved quality and resilience of our earnings. We are strategically allocating capacity towards our highest value opportunities in aerospace, defense and specialty energy. That shift is driving better mix, stronger pricing and more consistent execution. Order activity continues to be strong with our order backlog growing by 10% sequentially to an all-time high of $4.1 billion. Additionally, lead times are extending for our most differentiated products, super alloy nickels, premium quality titanium, isothermal forgings and exotic alloys. This is a key point. This is not short-cycle demand. It is tied to long-term contracts, production schedules and well-funded programs, giving us strong visibility into future performance. This momentum accelerates throughout 2026. Operationally, our disciplined execution is delivering results. Across ATI, we are improving throughput, increasing yields and streamlining production flow, particularly in melting, forging and downstream processing. That demand strength is most valua...

ATI topped Q1 guidance with $1.15 billion in revenue and $232 million adjusted EBITDA (up 19% YoY) as adjusted EBITDA margin hit 20%, and management raised full‑year adjusted EBITDA guidance by $35 million to $1.01–$1.06 billion with adjusted EPS of $4.20–$4.48 and adj. free cash flow guidance of $465–$525 million. Adjusted free cash flow swung to $75 million from a $143 million use a year ago (a $218 million improvement), while ATI repurchased $75 million of shares and boosted buyback authorization by $500 million (leaving $545 million available). Order momentum pushed backlog to a record $4.1 billion (up 10% sequentially) with roughly three‑quarters in HPMC and extended lead times for premium materials (>1 year in some cases), underpinning management’s capacity prioritization for aerospace, defense and specialty energy and large contracts like a five‑year Naval Nuclear program (~$1 billion) and a $250 million Cameco agreement. Interested in ATI Inc.? Here are five stocks we like better. AI Fatigue? These 3 Analyst-Upgraded Stocks Offer Real Growth Potential ATI (NYSE:ATI) reported first-quarter 2026 results that management said exceeded the high end of its guidance, driven by “higher quality revenue,” margin expansion, and improved cash flow. President and CEO Kim Fields told investors the company is prioritizing capacity for its highest-value opportunities in aerospace, defense, and specialty energy, a strategy she said is translating into stronger pricing, mix, and execution. Fields said first-quarter revenue was $1.15 billion, “in line with expectations,” with 69% attributed to aerospace and defense. Adjusted EBITDA was $232 million, up 19% year-over-year, and adjusted EBITDA margin reached 20%, up more than 300 basis points from the prior year. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss Burry Just Sold Amazon, Replaced it With Alibaba, is He Right? Senior Vice President and CFO Rob Foster said adjusted EBITDA came in $6 million above the high end of guidance and described the quarter as outperforming plan “despite typical scheduled seasonal maintenance.” Foster said the consolidated adjusted EBITDA margin was 20.1%, which he attributed to “a richer mix from 80/20 initiatives and other portfolio rationalization actions.” Adjusted free cash flow was $75 million, a swing from a $143 million use in the year-ago quarter, which Foster said re...

Woodward (WWD) came out with quarterly earnings of $2.27 per share, beating the Zacks Consensus Estimate of $2 per share. This compares to earnings of $1.69 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.30%. A quarter ago, it was expected that this maker of cockpit controls and other equipment for the defense and aerospace markets would post earnings of $1.65 per share when it actually produced earnings of $2.17, delivering a surprise of +31.52%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Woodward, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $1.09 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 9.85%. This compares to year-ago revenues of $883.63 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Woodward shares have added about 20.4% since the beginning of the year versus the S&P 500's gain of 4.3%. While Woodward has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Woodward was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You...

ATI (ATI) reported $1.15 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 0.6%. EPS of $1.00 for the same period compares to $0.72 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.19 billion, representing a surprise of -2.92%. The company delivered an EPS surprise of +13.59%, with the consensus EPS estimate being $0.88. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how ATI performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Sales- High Performance Materials & Components: $614.3 million versus the two-analyst average estimate of $646.6 million. The reported number represents a year-over-year change of +5.2%. Sales- Advanced Alloys & Solutions: $537.2 million versus the two-analyst average estimate of $559.02 million. The reported number represents a year-over-year change of -4.1%. EBITDA- Advanced Alloys & Solutions: $97 million versus $94.4 million estimated by two analysts on average. EBITDA- High Performance Materials & Components: $152.9 million compared to the $153.36 million average estimate based on two analysts. View all Key Company Metrics for ATI here>>> Shares of ATI have returned -3.3% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ATI Inc. (ATI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

ATI (ATI) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.59%. A quarter ago, it was expected that this maker of steel and specialty metals would post earnings of $0.89 per share when it actually produced earnings of $0.93, delivering a surprise of +4.49%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. ATI, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $1.15 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 2.92%. This compares to year-ago revenues of $1.14 billion. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. ATI shares have added about 27.4% since the beginning of the year versus the S&P 500's gain of 4.2%. While ATI has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for ATI was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks her...

Margin expansion and aerospace demand drive double-digit earnings growth GAAP EPS up 27% year-over-year; Operating cash flow up $221 million Adjusted EBITDA margin 20.1%, up 310 bps. year-over-year Raising full year adjusted earnings and cash flow guidance First Quarter 2026 GAAP Financial Results Sales of $1.15 billion, up 1% year-over-year, driven by a 6% aerospace & defense increase Net income attributable to ATI of $118 million, up 22% year-over-year Earnings per share of $0.85 compared to $0.67 per share in first quarter 2025 First Quarter 2026 Non-GAAP Financial Information(a) Adjusted net income attributable to ATI(a) of $139 million, up 33% year-over-year Adjusted earnings per share(a) of $1.00, compared to $0.72 per share in first quarter 2025 Adjusted EBITDA(a) of $232 million, an increase of 19% year-over-year Adjusted EBITDA(a) as a percentage of sales of 20.1%, compared to 17.0% in first quarter 2025 Guidance The Company is providing second quarter and updated, full year 2026 guidance in the table below. DALLAS, April 30, 2026 /PRNewswire/ -- ATI Inc. (NYSE: ATI) reported first quarter 2026 results, with sales of $1.15 billion and net income attributable to ATI of $118 million, or $0.85 per share. First quarter 2026 GAAP earnings per share were $0.85 and adjusted earnings per share(a) were $1.00. Net income attributable to ATI was $118.2 million and ATI adjusted EBITDA(a) was $231.7 million, or 20.1% of sales. 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-related costs, $8.1 million of restructuring-related severance and impairment costs, $4.8 million of transformation-related 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. Fourth quarter 2025 adjusted results exclude pre-tax charges of $22.9 million for special items, an $18.6 million pre-tax pension remeasurement loss, and a loss of $0.3 million associated with a prior business disposition. The after-tax impact of these special items was a charge of $33.2 million, or $0.24 per share. First quarter 2025 adjusted results exclude pre-tax charges of $9.3 million for special items. The after-tax impact of these special items was a charge of $7.4 million, or $0.05 per shar...

ATI (ATI) reported Q1 adjusted earnings Thursday of $1 per diluted share, up from $0.72 a year earli