ATI Inc. Reports $4.1B Backlog, Lifts EBITDA Guidance to $1.035B
ATI•ATI Inc. reported a record $4.1 billion backlog and raised full-year adjusted EBITDA guidance to $1.035 billion, citing a 15% throughput gain and a shift toward high-margin aerospace and defense programs. Q1 net income rose 22% to $118 million and adjusted EBITDA climbed 19% to $232 million on $1.15 billion revenue.
1. Record Backlog and Strategic Positioning
ATI Inc. secured a $4.1 billion backlog as lead times for premium titanium and isothermal forgings extend toward two years. The company’s content in next-generation engine platforms is roughly twice that on legacy models, bolstering its hedge against older aircraft retirements.
2. Q1 Financial Performance
Revenue for Q1 reached $1.15 billion, with net income up 22% to $118 million and adjusted EBITDA rising 19% to $232 million. Operational throughput at primary melt facilities climbed over 15% year-over-year, reflecting equipment reliability improvements and yield optimization.
3. Raised Guidance and Outlook
Full-year adjusted EBITDA guidance was lifted to a $1.035 billion midpoint, assuming continued strength in jet engine and defense markets and a consolidated incremental margin of about 40%. Defense revenue is projected to grow in the mid-teens, while airframe revenue is expected to ramp in the second half as customer inventories normalize.
