Allegheny Tech authorizes $150 mln share repurchase program
ATI Allegheny Tech beats by $0.14, beats on revs
- Reports Q4 (Dec) earnings of $0.25 per share, excluding non-recurring items, $0.14 better than the S&P Capital IQ Consensus of $0.11; revenues rose 16.3% year/year to $765.4 mln vs the $723.2 mln S&P Capital IQ Consensus.
- Outlook: "Looking ahead to [Q1], we anticipate strong year-over-year revenue and earnings growth primarily driven by the ongoing commercial aerospace recovery and our business transformation efforts. We expect normal seasonal cash outflows, including deploying working capital to meet increased demand requirements."
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