ATI Announces Second Quarter 2018 Results
Note: Quarterly earnings per share amounts may not add to
year-to-date amounts due to rounding.
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Allegheny Technologies Incorporated and Subsidiaries
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Sales and Operating Profit by Business Segment
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(Unaudited, dollars in millions)
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Three Months Ended
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Six Months Ended
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June 30
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March 31
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June 30
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June 30
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June 30
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2018
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2018
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2017
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2018
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2017
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Sales:
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High Performance Materials & Components
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$
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591.9
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$
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560.7
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$
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526.4
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$
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1,152.6
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$
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1,036.8
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Flat Rolled Products
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417.6
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418.3
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353.8
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835.9
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709.3
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Total external sales
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$
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1,009.5
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$
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979.0
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$
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880.2
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$
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1,988.5
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$
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1,746.1
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Operating profit:
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High Performance Materials & Components
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$
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97.9
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$
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85.5
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$
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68.0
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$
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183.4
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$
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118.9
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% of Sales
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16.5
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%
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15.2
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%
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12.9
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%
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15.9
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%
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11.5
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%
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Flat Rolled Products
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26.1
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10.9
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2.9
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37.0
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21.9
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% of Sales
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6.3
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%
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2.6
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%
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0.8
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%
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4.4
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%
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3.1
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%
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Total operating profit
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124.0
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96.4
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70.9
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220.4
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140.8
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% of Sales
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12.3
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%
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9.8
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%
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8.1
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%
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11.1
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%
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8.1
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%
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LIFO and net realizable value reserves
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-
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-
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(0.1
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-
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(0.1
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Corporate expenses
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(12.9
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(13.2
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(11.8
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(26.1
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(22.1
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Closed operations and other expense
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(5.1
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(8.1
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(13.2
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(13.2
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(16.2
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Gain on joint venture deconsolidation
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-
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15.9
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-
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15.9
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-
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Interest expense, net
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(25.5
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(25.5
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(34.5
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(51.0
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(68.0
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Income before income taxes
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$
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80.5
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$
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65.5
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$
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11.3
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$
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146.0
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$
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34.4
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