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ATI will have new leadership July 1. Kimberly Fields will assume the role of CEO to replace Robert Wetherbee, head of the specialty metals company since 2018. Fields of Dallas has served the past two years as chief operating officer and was named president in 2023. “I’m honored to succeed
ATI Inc. (NYSE:ATI) Q1 2024 Earnings Call Transcript April 30, 2024 ATI Inc. misses on earnings expectations. Reported EPS is $ EPS, expectations were $0.41. ATI isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello all and welcome to ATI’s […]
Some ATI retirees fear they’ve lost a pension guarantee after recent changes by the specialty metals company. ATI purchased group annuity contracts from New York-based Athene Annuity and Life Co. and Athene Annuity & Life Assurance Co., transferring about 85% of its U.S.-qualified defined-benefit pension plan obligations, ATI spokeswoman Natalie
ATI’s revenue has topped $1 billion for a fifth consecutive quarter. The third-quarter results, released Thursday, show sales were up 18% over the same time last year. Increasing Aerospace and Defense content has driven the year-over-year earnings, company officials said. “ATI’s growth as an aerospace and defense leader continues,” CEO
The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.