ATI posts first quarter revenue of $1.1 billion
ATI leaders on Thursday credited strong revenue growth to a thriving aerospace and defense industry.
The specialty metals company released its first-quarter results, with sales of $1.1 billion — up 10% from the same period last year.
Growth was driven by a 23% increase in aerospace and defense, officials said.
Aerospace and defense sales of $754 million represented 66% of first-quarter sales.
“ATI’s strong start to 2025 builds on the momentum we established in the fourth quarter of last year and reflects the value of our strategic investments in capacity, capabilities and reliability,” said President and CEO Kim Fields.
“Our differentiated solutions continue to resonate with aerospace and defense customers, reflected in robust demand and growing contractual support.”
ATI’s customers include Lockheed Martin, NASA and SpaceX.
Just last week, ATI and its employees ratified a six-year contract.
The deal includes a 26% raise over the life of the agreement and impacts about 1,000 Specialty Rolled Products employees in Western Pennsylvania and Lockport, N.Y.
Workers will get a 6% raise the first year.
Union members will get a $3,000 ratification bonus, an improved vacation schedule and an additional paid holiday.
The contract runs through Feb. 28, 2031.
Tawnya Panizzi is a TribLive reporter. She joined the Trib in 1997. She can be reached at tpanizzi@triblive.com.
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