ATI’s executives disclosed that the war in Ukraine has contributed to supply chain disruptions and heightened raw material costs for the company during its first quarter 2022 earnings call.
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Allegheny Technologies Incorporated (NYSE: ATI) reported first quarter 2022 results, with sales of $834.1 million and net income attributable to ATI of $30.9 million, or $0.23 per share. First quarter 2022 results include a $25.1 million partial non-cash loss on the pending sale of the Sheffield, UK operations, which is projected to close in the second quarter of 2022. Results also include $28.7 million (pre-tax) of benefits related to U.S. government-sponsored COVID-19 relief including the Avia