Benzinga | Jan 28, 2021 08:20AM EST

Allegheny Technologies: Q4 Earnings Insights



Shares of Allegheny Technologies (NYSE:ATI) decreased 0.1% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were down 191.67% year over year to ($0.33), which beat the estimate of ($0.36).

Revenue of $658,300,000 declined by 35.40% year over year, which beat the estimate of $603,990,000.

Outlook

Allegheny Technologies hasn't issued any earnings guidance for the time being.

Allegheny Technologies hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jan 28, 2021

Time: 08:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/atimetals/mediaframe/42450/indexr.html

Price Action

52-week high: $20.78

Company's 52-week low was at $4.95

Price action over last quarter: Up 97.61%

Company Description

Allegheny Technologies supplies specialty metals to a variety of end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. With regard to materials, the company generates most of its revenue from the production of nickel-based alloys, titanium products, titanium alloys, and other specialty alloys. Allegheny also manufactures flat-rolled stainless-steel products. Key value-added product lines are frequently used in applications that require stress tolerance as well as corrosion and heat resistance.