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 News provided by Share this article 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 stainless sheet products, upgrading its capabilities and transforming its Specialty Rolled Products business unit. Fourth quarter 2020 results include $1,079.1 million of restructuring and other charges, net of related tax impacts, predominantly for long-lived non-cash asset impairment charges associated with these operations. On an adjusted basis, the fourth quarter 2020 net loss attributable to ATI was $41.9 million, or ($0.33) per share. Adjusted EBITDA was $23.0 million, or 3.5% of sales for the fourth quarter 2020.