ATI Lowers 2024 Guidance: Now Sees Adj. EPS Of $2.24-$2.30 (Prior $2.40-$2.60) Vs. $2.45 Est.; Sees Adjusted EBITDA Of $700M-$710M (Prior $720M - $750M)
Outlook
"The third quarter presented challenges and we expect to continue to see uncertainty with our most critical customers through the remainder of 2024 and first part of 2025. That said, the demand in our end markets remains very strong and our strategy of leading in aerospace & defense and 'aero-like' markets will deliver growth and continued margin expansion," said Fields. "We remain committed to creating lasting shareholder value."
The company is updating its full year 2024 guidance. The table below includes the current and prior guidance:
| 2024 Full Year Guidance | |||
| Current Update | July 2024 | ||
| Adjusted EBITDA** | $700M - $710M | $720M - $750M | |
| Adjusted Earnings Per Share** | $2.24 - $2.30 | $2.40 - $2.60 | |
| Free Cash Flow** | $220M - $300M | $260M - $340M | |
| Capital Expenditures | $210M - $230M | $190M - $230M | |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
No relevant data is available