ATI Bets Big on Differentiated Materials – Can This Move Redefine the Industry?

Allegheny Technologies Incorporated’s (ATI) third-quarter earnings for 2025 reflect a robust performance characterized by both significant gains and ongoing challenges. The company’s revenue increased by 7% year-over-year to exceed $1.1 billion, supported by a strong showing in its aerospace and defense (A&D) segments, particularly with record defense sales and sustained demand in jet engines. Adjusted earnings per share (EPS) hit $0.85, surpassing the company’s projections. The company’s operational achievements were noteworthy, with adjusted EBITDA reaching $225 million, though this included a $10 million gain from the sale of oil and gas rights. Excluding this, the EBITDA was $215 million, which still exceeded ATI’s guidance by $5 million. The adjusted EBITDA margin improved significantly, marking its highest point since the pandemic.