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Includes pre-tax charges of $7 million ($6 million after taxes) and $48 million ($37 million after taxes) for the three months ended September 30, 2020 and the twelve months ended December 31, 2020, respectively, for environmental remediation reserve adjustments, a pre-tax charge of $43 million ($33 million after taxes) for the twelve months ended December 31, 2020 for an asbestos litigation reserve adjustment, a pre-tax charge of $14 million ($11 million after taxes) for the twelve months ended December 31, 2020 for the removal of abandoned property at our mills, a net chargeof $11million (before and after taxes) for the twelve months ended December 31, 2020 associated withour investment in India, pre-tax income of $2 million ($1 million after taxes) for the twelve months ended December 31, 2020 for the accrual of a foreign value-added tax refund and a pre-tax charge of $5 million ($4 million after taxes) for the three months and twelve months ended December 31, 2020 for other
ATI Announces Fourth Quarter 2020 Results
Exceeds expectations through strong cost control; Signs of commercial aero stabilization
Actions to exit standard stainless sheet products and enhance high-return capabilities on-track
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Sales of $658 million up 10% over Q3 2020
Net loss attributable to ATI of $1,121.0 million, or $(8.85) per share; adjusted net loss of $41.9 million, or $(0.33) per share
Restructuring and other charges, including previously announced non-cash asset impairments and related tax impacts, of $1,079.1 million, or $(8.52) per share
Adjusted EBITDA of $23.0 million, up 39% over Q3 2020
$646 million of cash at December 31, more than $950 million of total liquidity
Allegheny Technologies Incorporated (NYSE: ATI) reported fourth quarter 2020 results, with sales of $658 million and a net loss attributable to ATI of $1,121.0 million, or $(8.85) per share. As previously announced, the Company is exiting low-margin standard sta