ATI publishes Q3 2017 results

Allegheny Technologies Incorporated (NYSE: ATI) reported third quarter 2017 sales of USD 869 million and a net loss attributable to ATI of USD 121.2 million, or USD (1.12) per share, the company said.

ATI´s third quarter 2017 results include a previously announced non-cash goodwill impairment charge of USD 113.6 million, net of tax, or USD (1.05) per share, for ATI´s cast products business, which was excluded from business segment results.

Excluding this charge, the net loss attributable to ATI was USD 7.6 million, or USD (0.07) per share. Business segment operating profit, which excludes the goodwill impairment charge, was USD 54.4 million, or 6.3% of sales.

ATI is a global manufacturer of technically advanced specialty materials and complex components.