Allegheny Technologies, Inc. (ATI) CEO Robert Wetherbee on Q3 2021 Results - Earnings Call Transcript

Oct. 28, 2021 3:14 PM ETATI Inc. (ATI) StockATI
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Q3: 2021-10-28 Earnings Summary

EPS of $0.05 beats by $0.07
 | Revenue of $725.70M (21.35% Y/Y) beats by $50.10M

Allegheny Technologies, Inc. (NYSE:ATI) Q3 2021 Earnings Conference Call October 28, 2021 10:30 AM ET

Company Participants

Scott Minder - VP, IR & Treasurer
Robert Wetherbee - President, CEO & Chairman
Donald Newman - SVP, Finance & CFO

Conference Call Participants

Richard Safran - Seaport Research Partners
David Strauss - Barclays Bank
Philip Gibbs - KeyBanc Capital Markets
Seth Seifman - JPMorgan Chase & Co.
Gautam Khanna - Cowen and Company
Joshua Sullivan - The Benchmark Company
Paretosh Misra - Berenberg
Matthew Fields - Bank of America Merrill Lynch

Operator

Good day, and welcome to the ATI Third Quarter Results Conference Call. [Operator Instructions]. Please note, this event is being recorded.

I would now like to turn the conference over to Scott Minder, VP, Treasurer and Investor Relations. Please go ahead.

Scott Minder

Thank you. Good morning, and welcome to ATI's Third Quarter 2021 Earnings Call. Today's discussion is being broadcast on our website. Participating in today's call are Bob Wetherbee, Board Chair President and CEO; and Don Newman, Senior Vice President and Chief Financial Officer. Bob and Don will focus on our third quarter highlights and key messages, but may refer to certain slides within their remarks. These slides are available on our website. They provide additional color and details on our results and outlook. After our prepared remarks, we'll open the line for questions.

As a reminder, all forward-looking statements are subject to various assumptions and caveats. These are noted in the earnings release and in the slide presentation.

Now I'll turn the call over to Bob.

Robert Wetherbee

Thanks, Scott. Good morning, and thanks for joining us today. It feels great to report that we returned to profitability in the third quarter, 3 months ahead of our expectations. This was no small achievement, as we overcame pandemic-induced disruptions, a 3-plus month labor strike and the

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