ATI Investor Relations Material

ATI Inc., formerly Allegheny Technologies, is an American company operating globally. It has officially been in business since 1996 but has roots tracing back to companies active during the early decades of the 1900s. ATI is a producer of various specialty materials, primarily for the aerospace and defense sectors, and has its headquarters in Dallas, Texas. The shares of the company are listed on the NYSE, and it has over 55 offices in over 15 countries.

ATI has its roots in various different companies. In 1939 a merger between Allegheny Steel and Ludlum Steel resulted in the formation of the Allegheny Ludlum Corporation. The two companies that merged had previously been important suppliers of steel for both the Empire State Building and the Chrysler Building, as well as for the Model A Ford. The Allegheny Ludlum Corporation grew both organically and through a long series of acquisitions during the latter half of the 1900s.

In 1996 a merger with Teledyne formed Allegheny Technologies. The company that emerged post-merger subsequently spun off several subsidiaries into separate entities, in order to be able to focus on metal and alloy manufacturing. Allegheny Technologies was renamed ATI in 2022.

ATI is a materials company that produces various steels, alloys, forgings, and associated products. The company is split into two different segments: High-Performance Materials & Components and Advanced Alloys & Solutions. The first of these focuses on various complex materials and forgings used in industries where performance is paramount and includes alloys of materials like titanium, nickel, hafnium, and more. The second division, Advanced Alloys & Solutions is focused purely on different alloys, specialty rolled products, and stainless sheet products.

The two most important market segments for ATI are without a doubt aerospace and defense, supplying materials for companies like Boeing and Airbus. These sectors account for a large part of the company’s sales, but ATI also supplies materials for companies within energy, chemical processing, and more. Notably, the company has supplied materials for every new generation of aircraft in the last fifty years, and the experience and impact within the aerospace industry are a large part of the company’s DNA.