PR Newswire·Nov 12, 2026, 2:41 PM ET

ATI Unveils Acceleration Strategy, Targets Double-Digit Growth and Expanded Margins

ATI Inc. announced a growth strategy at its 2026 Investor Day with 2029 financial targets including double-digit revenue growth & expanded margins.
The company projects a 2029 revenue Compound Annual Growth Rate of 10% to 12% from 2026 levels.
Adjusted EBITDA margins are targeted for the high-20% to low-30% range, with HPMC margins in the low-to-mid 30% range & AA&S margins in the mid-to-upper 20% range.
ATI aims for approximately $1.25 billion in adjusted free cash flow by 2029, representing more than double the projected 2026 levels.
The company targets an adjusted free cash flow conversion rate greater than 90% of net income & managed working capital below 30% of sales.
ATI plans to return more than 75% of annual adjusted free cash flow to shareholders over time.
New investments include expanding nickel powder capacity at the Bakers, NC facility to support next-generation jet engines, expected to drive $200 million in incremental revenue by late 2028.
A brownfield expansion of zirconium sponge production at the Millersburg, OR site will support nuclear energy applications, expected to drive $100 million in incremental revenue by early 2028.
These capacity expansions are part of existing capital expenditure guidance & are expected to support nearly $1 billion in incremental revenue when fully online in 2029.