Exhibit 99.1

ATI Announces Fourth Quarter and Full Year 2017 Results

Fourth Quarter 2017 Results

  • Sales were $910 million, 14% higher than Q4 2016
    • High Performance Materials & Components sales of $518 million, increased 9% versus prior year
    • Flat Rolled Products sales of $392 million, up 23% versus prior year
  • Business segment operating profit was $88.2 million, or 10% of sales
    • HPMC segment operating profit was $65.8 million, or 12.7% of sales
    • FRP segment operating profit was $22.4 million, or 5.7% of sales
  • Net income attributable to ATI was $1.7 million, or $0.01 per share
    • Adjusted net income attributable to ATI of $34.6 million, or $0.27 per share, excluding debt extinguishment charge and tax legislation benefits

Full Year 2017 Results

  • Sales were $3.5 billion, up 13% versus prior year
    • 49% of ATI sales to the aerospace and defense markets
  • Segment operating profit was $283.4 million, or 8% of sales
    • HPMC segment operating profit was $246.4 million, or 12% of sales
    • FRP segment operating profit was $37.0 million, or 3% of sales
  • Net loss attributable to ATI was $91.9 million, or $(0.83) per share
    • Adjusted net income attributable to ATI of $54.6 million, or $0.48 per share, excluding goodwill impairment, debt extinguishment charges, and tax legislation benefits
  • HPMC sales and profit growth driven by continued aerospace market ramp
  • FRP segment returned to profitability, driven by product mix and business improvements

PITTSBURGH--(BUSINESS WIRE)--January 23, 2018--Allegheny Technologies Incorporated (NYSE: ATI) reported fourth quarter 2017 results, with sales of $910 million and net income attributable to ATI of $1.7 million, or $0.01 per share. Adjusted fourth quarter 2017 net income attributable to ATI was $34.6 million, or $0.27 per share, excluding a debt extinguishment charge of $37.0 million, net of tax, or $(0.29) per share, for the full redemption of the $350 million, 9.375% Senior Notes due 2019, and $4.1 million of tax benefits from the 2017 Tax Cuts and Jobs Act legislation.

For full year 2017, sales increased 13%, to $3.5 billion, and segment operating profit was $283.4 million, or 8.0% of sales. For the full year 2017 the company reported a net loss attributable to ATI of $91.9 million, or $(0.83) per share. Adjusted net income attributable to ATI was $54.6 million, or $0.48 per share, excluding goodwill impairment and debt extinguishment charges, and tax legislation benefits.


The following information was filed by Allegheny Technologies Inc (ATI) on Tuesday, January 23, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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