ATI Business Summary

ATI Inc. (ATI) is a global manufacturer of high-performance specialty materials and complex components, primarily serving the aerospace and defense (A&D) sectors, which account for over 70% of its total revenue. The company operates through two primary business segments: High Performance Materials & Components (HPMC), which produces titanium and nickel-based alloys, precision forgings, and metal powders for jet engines and airframes; and Advanced Alloys & Solutions (AA&S), which focuses on specialty alloy sheets, plates, and strip products for energy, medical, and electronics applications. Revenue is generated through the sale of mission-critical materials under long-term agreements with major OEMs like Boeing, Airbus, and GE Aerospace. ATI competes directly with Carpenter Technology (CRS), Howmet Aerospace (HWM), and Haynes International, positioning itself as a premium, technology-driven leader in the production of next-generation nickel and titanium superalloys required for extreme-environment applications. ATI was formed in 1996 through the strategic merger of Allegheny Ludlum and Teledyne, evolving from a diversified conglomerate into an aerospace-centric powerhouse. The current leadership team is headed by Kimberly A. Fields, who serves as President and CEO and is slated to become Board Chair in May 2026; she brings extensive industrial experience from previous roles at IDEX Corporation, GE Energy, and Alcoa. Supporting her are J. Robert Foster, who assumed the role of Senior VP and CFO in January 2026 after leading ATI’s Specialty Alloys business, and Jimmy Williams, the Senior VP and Chief Technology Officer. The board is currently chaired by Executive Chairman Robert S. Wetherbee, who oversaw the company's recent strategic transformation, while Lead Independent Director Brett Harvey provides veteran oversight. The company is primarily held by major institutional investors, including BlackRock and Vanguard, reflecting its status as a critical component of the global aerospace supply chain.