ATI (ATI) Q4 2017 earnings summary

Executive summary

• Sustainability program focused on reducing environmental impact, protecting employee safety, responsible sourcing, and supporting communities; 2017 was the inaugural reporting year.

• Operations spanned the U.S., U.K., Poland, and China, with ~8,600 employees and $3.5B revenue for the 12 months ended Dec. 31, 2017.

Financial highlights

• Revenue was $3.5B for the 12 months ended Dec. 31, 2017; aerospace and defense, particularly jet engines, was the largest market.

Outlook and guidance

• By 2020, goals included reporting metrics across all global facilities and achieving ISO 14001 and ISO 45001 certifications at all facilities.

• 2025 targets: reduce energy intensity and CO₂e emissions 5%, reduce freshwater intake 5%, and raise recycled materials to 80%.

• 2030 targets: reduce energy intensity and CO₂e emissions 7%, reduce freshwater intake 3%, and raise recycled materials to 83%.