ATI reported strong third-quarter 2026 growth, with sales and earnings rising and adjusted EBITDA exceeding the high end of its forecast by $13 million. The specialty materials company also raised its full-year adjusted EBITDA outlook, following an increase to its forecast last quarter.
Key details
- Sales rose 26% year over year to $1.42 billion. ATI said growth came across all key markets.
- Net income attributable to ATI increased 73% to $190 million. Diluted earnings per share rose to $1.37 from $0.78 a year earlier, a 76% increase.
- Adjusted results also improved: adjusted net income rose 69% to $202 million, and adjusted earnings per share increased to $1.46 from $0.85.
- Adjusted EBITDA climbed 46% to $328 million. The adjusted EBITDA margin expanded to 23.0% from 20.0% a year earlier, a 3-percentage-point increase.
- The company raised its full-year adjusted EBITDA outlook to $1.19 billion-$1.20 billion, from $1.135 billion-$1.185 billion. The new range’s midpoint is $35 million above the prior midpoint; ATI said this follows a $125 million increase to its outlook last quarter.
- For the fourth quarter, ATI forecast adjusted EBITDA of $345 million-$355 million and adjusted earnings per share of $1.51-$1.57.
- Full-year adjusted earnings per share guidance is $5.17-$5.23.
The adjusted figures are non-GAAP measures, presented separately from ATI’s reported results.
Plain-English implications
ATI’s higher full-year EBITDA outlook reflects its stronger quarterly performance and improved expectations for the rest of the year. The wider adjusted EBITDA margin indicates that earnings grew faster than sales in the quarter.