ATI Stock (NYSE:ATI), Trade Ideas

ATI Inc supplies specialty metals to various end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. The company's operating segment includes High-Performance Materials and Components and Advanced Alloys and Solutions. The majority of revenue is from the High-Performance Materials segment. The High-Performance Materials segment is focused on a wide range of high-performance specialty materials, parts, and components for several major end markets, including the aerospace & defense, medical, and energy markets. Geographically, it operates in the United States, China, the United Kingdom, Germany, France, Canada, and Others, the majority is from the United States.

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FMC Corporation (NYSE: FMC) recently entered into a research partnership with AgroSpheres, a biotechnology firm dedicated to sustainable crop protection and health.

FMC Corp Teams Up With AgroSpheres for Bioinsecticides

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ATI Reports Q1 Earnings; Piedmont Lithium Boosts Production; Buenaventura Announces Q1 Results And More: Tuesday&#39;s Top Mining Stories

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Why H&amp;E Equipment Services Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

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<ul>
<li>AEye, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>), a global leader in adaptive, high-performance lidar solutions, today announced it will partner with Accelight Technologies, Inc. ("ATI") and LighTekton Co., Ltd. to deliver AEye's 4Sight&#x2122; lidar solutions to the China market. Together, the group will help deliver safer autonomous trucking and railway systems in China, using AEye's ultra-long-range 4Sight platform.</li>
</ul>

LIDR

Aeye, Accelight, And Lightekton Partner To Introduce Lidar Solutions In China

FMC Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fmc#NYSE">FMC</a>) recently entered into a research partnership with AgroSpheres, a biotechnology firm dedicated to sustainable crop protection and health. This collaboration is geared toward expediting the discovery and advancement of groundbreaking bioinsecticides, aligning with FMC&#39;s strategic goals.
The agreement is aimed at solidifying FMC&#39;s leadership position in insecticide solutions while also expediting AgroSpheres&#39; introduction of its ribonucleic acid portfolio to the market. By leveraging AgroSpheres&#39; expertise in production and formulation alongside FMC&#39;s robust testing, evaluation and market deployment capabilities, both parties aim to achieve significant strides in their shared objectives.
FMC&#39;s investment in AgroSpheres, which is developing its biodegradable micro-encapsulation technology designed to enhance the efficacy of biological crop protection products using RNA interference (RNAi) technology, paved the way for this collaboration.
FMC underscored the collaboration&#39;s importance in driving sustainable agriculture through innovation. It hailed RNAi as a promising tool for crop protection and commended AgroSpheres&#39; platform for its efficient discovery and manufacturing of these technologies.
AgroSpheres&#39; patented AgriCell manufacturing technology enables the consistent expression of various RNA molecules, effectively tackling challenges encountered in commercial biological development. Their encapsulated RNA biomolecules promise improved stability, performance and targeted uptake in pests.
AgroSpheres expressed admiration for FMC&#39;s proactive stance in investing in next-generation agricultural technologies to address global challenges. The company looks forward to collaborating with FMC to drive comprehensive product development, leveraging their collective expertise to meet market demands effectively.
FMC&#39;s shares have plunged 39.4% in the past year against a 0.9% rise of the&nbsp;industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/bd/66661.jpg?v=1860934109" /> 
Image Source: Zacks Investment Research
FMC sees full-year 2024 revenues between $4.50 billion and $4.70 billion, indicating a 2.5% increase at the midpoint from 2023 levels. Adjusted EBITDA is expected to be between $900 million to $1.05 billion, flat at the midpoint compared with the prior year&#39;s levels. Adjusted earnings are forecast in the range of $3.23 to $4.41 per share, up 1% year over year at the midpoint.
<div class="chart_embed">
<h3>FMC Corporation Price and Consensus</h3>
<a href="https://www.zacks.com/stock/chart/FMC/price-consensus-chart?icid=chart-FMC-price-consensus-chart" style="font-size: 13px;"><img alt="FMC Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/7f/1715685083.png" style="height:265px; width:576px" title="" /></a>
FMC Corporation price-consensus-chart | FMC Corporation Quote
</div>
<h3>Zacks Rank &amp; Key Picks</h3>
FMC currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are ATI Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ati#NYSE">ATI</a>) and Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), each sporting a Zacks Rank #1 (Strong Buy), and Ecolab Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ecl#NYSE">ECL</a>), carrying a Zacks Rank #2 (Buy).
ATI&#39;s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 8.34%. The company&#39;s shares have soared 64.7% in the past year.
CRS&#39; earnings beat the Zacks Consensus Estimate in three of the last four quarters while matching it once, with the average earnings surprise being 15.1%. The company&#39;s shares have soared 106%% in the past year.
The Zacks Consensus Estimate for Ecolab&#39;s current year earnings is pegged at $6.59 per share, indicating a year-over-year rise of 26.5%. The Zacks Consensus Estimate for ECL&#39;s current-year earnings has been going up in the past 30 days. ECL beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.3%. The stock has rallied nearly 33.4% in the past year.
<a href="https://www.zacks.com/stock/news/2273673/fmc-corp-fmc-teams-up-with-agrospheres-for-bioinsecticides?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2273673">To read this article on Zacks.com click here.</a>

During the last three months, 4 analysts shared their evaluations of ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for ATI, revealing an average target of $63.5, a high estimate of $70.00, and a low estimate of $56.00. This upward trend is evident, with the current average reflecting a 19.07% increase from the previous average price target of $53.33.
<img src="https://www.benzinga.com/files/images/story/2024/1715011254_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A comprehensive examination of how financial experts perceive ATI is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Strauss</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$70.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Philip Gibbs</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$58.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Scott Deuschle</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Buy</td>
<td>$70.00</td>
<td>-</td>
</tr>
<tr>
<td>Philip Gibbs</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$56.00</td>
<td>$49.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to ATI. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of ATI compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for ATI's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of ATI's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ATI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ATI analyst ratings.</a>
<h2>All You Need to Know About ATI</h2>
ATI Inc supplies specialty metals to various end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. The company's operating segment includes High-Performance Materials and Components and Advanced Alloys and Solutions. The majority of revenue is from the High-Performance Materials segment. The High-Performance Materials segment is focused on a wide range of high-performance specialty materials, parts, and components for several major end markets, including the aerospace &amp; defense, medical, and energy markets. Geographically, it operates in the United States, China, the United Kingdom, Germany, France, Canada, and Others, the majority is from the United States.
<h3>Unraveling the Financial Story of ATI</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: ATI displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 0.46%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: ATI's net margin is impressive, surpassing industry averages. With a net margin of 6.34%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.01%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.35%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.72, caution is advised due to increased financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 4 Analyst Recommendations For ATI

Barclays analyst David Strauss maintains ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) with a Overweight and raises the price target from $55 to $70.

Price Target

Barclays Maintains Overweight on ATI, Raises Price Target to $70

ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>): The Dallas-based company <a href="https://www.benzinga.com/news/earnings/24/04/38515910/ati-q1-adj-0-48-beats-0-41-estimate-sales-1-04b-beat-1-03b-estimate">reported first-quarter (Q1)</a> revenue of $1.04 billion in 2024. Net income hovered at around $66 million (or 46 cents per share). 
<ul>
<li>Aerospace and defense sales rose to $616 million, driving a 7% year-over-year growth.&nbsp;</li>
<li>Adjusted net income was $68.4 million (48 cents per share), with adjusted EBITDA at $151 million, or 14.5% of sales.&nbsp;</li>
<li>The company highlighted strong demand for specialty alloys and significant improvements in cash flow in addition to completing $150 million in share repurchases.</li>
</ul>
Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>): The North Carolina-based company announced Q1 2024 shipments of about 15,500 dry metric tons (dmt) of spodumene concentrate. Piedmont also has a record quarterly production of 40,439 dmt at North American Lithium; it set a monthly record of 15,699 dmt in March. 
<ul>
<li>The company is targeting full-year shipments of approximately 126,000 dmt, predominantly in the second half of 2024 as it ramps up to full production.&nbsp;</li>
<li>Piedmont is aiming to focus on contract customers to minimize dependence on the fluctuating spot market.</li>
</ul>
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/large-cap/24/04/38500350/first-quantum-minerals-closes-ravensthorpe-nickel-mine-cuts-330-jobs">First Quantum Minerals Closes Ravensthorpe Nickel Mine, Cuts 330 Jobs</a>
Buenaventura (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BVN#NYSE">BVN</a>): Peru&#8217;s largest publicly-traded precious metals mining company reported an EBITDA of $94.4 million. That&#8217;s up from $51.6 million in Q1 2023. 
<ul>
<li>Net income of $67.1 million, slightly down from $72.8 million. </li>
<li>The company&#8217;s cash position stood at $174 million, with a net debt of $525.3 million, resulting in a leverage ratio of 1.87x. </li>
<li>Key developments included receiving the final operating permit for the Yumpag mine, anticipated to produce 6.5 to 7.2 million silver ounces in 2024, and $29.4 million in dividends from Cerro Verde.&nbsp;</li>
<li>Q1 CAPEX for the San Gabriel project was $38.4 million.</li>
</ul>
American Battery Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>): Scott Smith, a former Tesla executive, is now at American Battery Technology. 
<ul>
<li>American Battery named Smith vice president of financial planning and analysis to support the company&#8217;s strategic growth and lead investor relations. </li>
<li>Smith was the former Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) head of financial planning and analysis in Europe and recently moved from Berlin to the Reno headquarters.</li>
<li>He brings extensive experience in financial operations and market expansions, crucial to the company's expanding recycling and lithium manufacturing operations.</li>
</ul>
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/m-a/24/04/38469869/elliott-managements-1b-anglo-american-stake-ups-ante-as-mining-megamerger-collapses">Elliott Management&#8217;s $1 Billion Anglo American Stake Ups Ante As Mining Megamerger Collapses</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!

ATI Reports Q1 Earnings; Piedmont Lithium Boosts Production; Buenaventura Announces Q1 Results And More: Tuesday's Top Mining Stories

Shares of H&amp;E Equipment Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEES#NASDAQ">HEES</a>) fell sharply during Tuesday's session following <a href="https://www.benzinga.com/quote/HES/earnings">mixed first-quarter results</a>.
H&amp;E Equipment posted GAAP earnings of 71 cents per share, versus market estimates of 77 cents per share. The company's quarterly sales came in at $371.357 million versus expectations of $352.518 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
H&amp;E Equipment Services shares dipped 18.2% to $48.45 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Akili, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKLI#NASDAQ">AKLI</a>) shares jumped 67.2% to $0.3927 after the company announced Shionogi has canceled and forgiven a $5.0 million long-term debt obligation and agreed to make certain payments for SDT-001.</li>
<li>AGBA Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGBA#NASDAQ">AGBA</a>) gained 57.5% to $3.70 after the company highlighted plans for its previously-announced merger with Triller.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) climbed 55.4% to $2.12 after falling over 9% on Monday.</li>
<li>Global Mofy Metaverse Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares gained 50.2% to $1.40 after the company&#8217;s Gauss AI teamed with Heartdub to develop the Gausspeed generative AI platform.</li>
<li>GeneDx Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) rose 40.8% to $15.49 after the company reported better-than-expected first-quarter financial results and raised its FY2024 sales guidance.</li>
<li>Eliem Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELYM#NASDAQ">ELYM</a>) gained 39.4% to $7.00.</li>
<li>Swvl Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) surged 29.8% to $13.14 after announcing results for the fiscal year 2023.</li>
<li>Next.e.GO N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGOX#NASDAQ">EGOX</a>) gained 26.4% to $0.0349.</li>
<li>Blend Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) shares climbed 25.8% to $2.83 after the company announced a strategic partnership with Haveli Investments, including a $150 million investment.</li>
<li>Daré Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DARE#NASDAQ">DARE</a>) rose 24.2% to $0.3460 after the XOMA acquired an economic interest in the company&#8217;s women&#8217;s health assets. Also, the company announced that the transaction allows it to focus on advancing Phase 3 first-in-category women&#8217;s health product candidates.</li>
<li>LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) gained 24.2% to $46.39 after the company beat first-quarter estimates and issued strong guidance.</li>
<li>MIND Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIND#NASDAQ">MIND</a>) rose 24% to $5.85 following quarterly results.</li>
<li>Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) gained 19.8% to $6.85.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) rose 19.2% to $11.19 following a first-quarter revenue beat.</li>
<li>Marin Software Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) rose 18.8% to $3.1002 after the company announced the launch of its AI-powered Anomaly Detector.</li>
<li>ATI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) gained 15.5% to $59.94 following upbeat quarterly results.</li>
<li>Clearwater Paper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) gained 15.2% to $46.88 following better-than-expected earnings.</li>
<li>LSB Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXU#NYSE">LXU</a>) rose 13.4% to $9.32 following strong quarterly earnings.</li>
<li>SES AI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) gained 13.3% to $1.53.</li>
<li>E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) rose 12.5% to $4.7950 following upbeat results.</li>
<li>Sensata Technologies Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) shares climbed 12.1% to $40.04 as the company reported stronger-than-expected results for its first quarter on Monday. The company said Jeff Cote will retire as CEO and President. Sensata said it sees second-quarter adjusted earnings of 89 cents to 95 cents per share on revenue of $1.025 billion to $1.055 billion.</li>
<li>Addex Therapeutics Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) jumped 10.3% to $8.31. Addex shares dipped 53% on Monday after the company announced the Phase 2 ADX71149 epilepsy study did not achieve statistical significance for the primary endpoint of time for patients to reach baseline seizure count when ADX71149 was added to standard of care.</li>
<li>AgEagle Aerial Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#NASDAQ">UAVS</a>) gained 10.4% to $0.77. AgEagle announced $3.4 million drone sale to French Army.</li>
<li>Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) rose 9.2% to $108.28 after the company reported better-than-expected first quarter earnings and issued strong guidance.</li>
<li>Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) gained 7.5% to $53.38 after the company reported strong third-quarter financial results and raised FY24 guidance.</li>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) rose 6.6% to $785.51 after the company raised its FY24 revenue guidance.</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) gained 5.5% to $97.25 following a first-quarter earnings beat.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Lichen China Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) fell 30.6% to $1.4127 after surging 48% on Monday.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) declined 29.7% to $1.25.</li>
<li>Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares fell 26.1% to $5.30 after the company posted first-quarter results and named Nathan Shultz as CEO.</li>
<li>NRx Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) dipped 25% to $2.6592 after the company announced findings from its Phase 2b/3 trial of NRX-101 vs. Lurasidone.</li>
<li>Bakkt Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NYSE">BKKT</a>) fell 23.5% to $7.62. Bakkt Holdings is expected to release its first quarter 2024 earnings on Tuesday, May 14.</li>
<li>Medifast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MED#NYSE">MED</a>) shares declined 22.6% to $27.50 after the company reported mixed first-quarter financial results.</li>
<li>Vince Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) were down 21.4% to $1.6536 after the company posted fourth-quarter results.</li>
<li>NewGenIvf Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) fell 20.1% to $1.63.</li>
<li>Top Wealth Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWG#NASDAQ">TWG</a>) dipped 18% to $1.14.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) declined 16.4% to $1,081.53 after the company reported worse-than-expected financial results for the first quarter.</li>
<li>Safe &amp; Green Holdings Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) fell 16% to $0.1185 after declining 4% on Monday.</li>
<li>ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) declined 15.8% to $108.96 after the company reported worse-than-expected first quarter adjusted EPS results.</li>
<li>CECO Environmental Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) fell 15% to $21.59 after the company reported worse-than-expected first-quarter sales results.</li>
<li>GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) declined 13.2% to $77.22 following a first-quarter earnings miss.</li>
<li>Coursera, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) shares declined 13.1% to $10.34 after the company reported mixed first-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) fell 12.5% to $0.6393. Complete Solaria shares jumped 92% on Monday after the company named T.J. Rodgers as CEO.</li>
<li>Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) fell 11% to $5.18 after the company reported worse-than-expected quarterly sales results.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) declined 9.3% to $7.39 on reports NBCUniversal is preparing an offer that could take NBA rights from TNT.</li>
<li>F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) fell 7.6% to $168.36. F5 reported upbeat earnings for its second quarter, but issued weak forecast for the third quarter.</li>
<li>Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) declined 7.5% to $58.80 following quarterly results.</li>
<li>The Macerich Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAC#NYSE">MAC</a>) fell 7.4% to $14.82 following quarterly earnings.</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) shares declined 7.3% to $37.13. Yum China posted upbeat earnings for its first quarter, while sales missed expectations.</li>
<li>Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) shares declined 7.3% to $56.10 following first-quarter results.</li>
</ul>
Now Read This: <a href="http://Domino's Pizza To Rally Over 10%? Here Are 10 Top Analyst Forecasts For Tuesday">Domino&#8217;s Pizza To Rally Over 10%? Here Are 10 Top Analyst Forecasts For Tuesday</a>

Why H&E Equipment Services Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

WIIM

ATI shares are trading higher after the company reported better-than-expected Q1 financial results.

U.S. stocks were lower, with the Dow Jones index falling over 100 points on Tuesday.
Shares of Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) rose sharply during Tuesday's session after the company raised its <a href="https://www.benzinga.com/general/biotech/24/04/38521126/eli-lillys-weight-loss-drug-still-going-strong-boosts-annual-forecast">FY24 revenue guidance</a>.
Eli Lilly reported first-quarter revenue of $8.77 billion, up 26% year over year, marginally missing the consensus of $8.92 billion, driven by increases of 16% in volume and 10% due to higher realized prices. Eli Lilly posted an adjusted EPS of $2.58, beating the consensus of $2.46, higher than $1.62 a year ago, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Eli Lilly forecasts fiscal year 2024 sales of $42.4 billion -$43.6 billion versus prior guidance of $40.4 billion-$41.6 billion and consensus of $41.36 billion.
Eli Lilly shares surged 6.6% to $785.51 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>GeneDx Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) shares jumped 40.8% to $15.49 after the company reported better-than-expected first-quarter financial results and raised its FY2024 sales guidance.</li>
<li>Blend Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) shares surged 25.8% to $2.83 after the company announced a strategic partnership with Haveli Investments, including a $150 million investment.</li>
<li>LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) rose 24.2% to $46.39 after the company beat first-quarter estimates and issued strong guidance.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) climbed 19.2% to $11.19 following a first-quarter revenue beat.</li>
<li>ATI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) rose 15.5% to $59.94 following upbeat quarterly results.</li>
<li>Clearwater Paper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) rose 15.2% to $46.88 following better-than-expected earnings.</li>
<li>LSB Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXU#NYSE">LXU</a>) climbed 13.4% to $9.32 following strong quarterly earnings.</li>
<li>E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) gained 12.5% to $4.7950 following upbeat results.</li>
<li>Sensata Technologies Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) shares gained 12.1% to $40.04 as the company reported stronger-than-expected results for its first quarter on Monday. The company said Jeff Cote will retire as CEO and President. Sensata said it sees second-quarter adjusted earnings of 89 cents to 95 cents per share on revenue of $1.025 billion to $1.055 billion.</li>
<li>Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) gained 9.2% to $108.28 after the company reported better-than-expected first quarter earnings and issued strong guidance.</li>
<li>Woodward, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) surged 8.4% to $163.77 after the company reported better-than-expected second-quarter financial results.</li>
<li>Trane Technologies plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) gained 8.2% to $325.43  after the company reported a first-quarter earnings beat and raised its FY24 guidance.</li>
<li>Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) climbed 7.5% to $53.38 after the company reported strong third-quarter financial results and raised FY24 guidance.</li>
<li>The Timken Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKR#NYSE">TKR</a>) rose 7.2% to $92.96 following upbeat earnings.</li>
<li>Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) climbed 7% to $33.99 following better-than-expected quarterly earnings.</li>
<li>Commvault Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) climbed 6.4% to $105.87 following strong earnings.</li>
<li>Zebra Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) gained 6% to $318.05 after the company reported better-than-expected first-quarter results, and updated FY24 guidance.</li>
<li>ACI Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIW#NASDAQ">ACIW</a>) gained 5.7% to $34.99 after the company reported better-than-expected first-quarter results.</li>
<li>3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) shares rose 5.5% to $97.25 following a first-quarter earnings beat.</li>
<li>Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) gained 5.1% to $33.07 after the company reported better-than-expected quarterly financial results.</li>
<li>NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) rose 4.5% to $258.20 after the company reported better-than-expected quarterly financial results and issued guidance.</li>
</ul>
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ACIW

AMKR

CVLT

NXPI

ZBRA

Eli Lilly Increases FY24 Outlook, Joins Brinker International, Zebra Technologies, 3M And Other Big Stocks Moving Higher On Tuesday

Outlook
"ATI's outlook continues to be strong and is supported by a robust backlog of commercial aircraft orders," said Wetherbee. "ATI is well positioned to continue its organic growth and margin expansion. Continued demand in our core markets and increasing production capacity provide a clear path for achieving our robust 2024 and 2025 financial targets, as well as exceeding both $5 billion in revenue and $1 billion in adjusted EBITDA by 2027.&nbsp; Our best-in-class capabilities, materials science expertise, and extraordinary team are focused on delivering for our customers, meeting their strengthening demand."

Guidance

ATI Says "ATI Is Well Positioned To Continue Its Organic Growth And Margin Expansion. Continued Demand In Our Core Markets And Increasing Production Capacity Provide A Clear Path For Achieving Our Robust 2024 And 2025 Financial Targets, As Well As Exceeding Both $5B In Revenue And $1B In Adjusted EBITDA By 2027"

ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.41 by 17.07 percent. This is a 18.64 percent decrease over earnings of $0.59 per share from the same period last year. The company reported quarterly sales of $1.04 billion which beat the analyst consensus estimate of $1.03 billion by 1.26 percent. This is a 0.48 percent increase over sales of $1.04 billion the same period last year.

Earnings

Earnings Beats

ATI Q1 Adj $0.48 Beats $0.41 Estimate, Sales $1.04B Beat $1.03B Estimate

Keybanc analyst Philip Gibbs maintains ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) with a Overweight and raises the price target from $56 to $58.

Keybanc Maintains Overweight on ATI, Raises Price Target to $58

ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) has outperformed the market over the past 5 years by 4.12% on an annualized basis producing an average annual return of 15.39%. Currently, ATI has a market capitalization of $6.45 billion. 
Buying $100 In ATI: If an investor had bought $100 of ATI stock 5 years ago, it would be worth $200.47 today based on a price of $51.83 for ATI at the time of writing.
<h3>ATI's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713475861_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning ATI Stock In The Last 5 Years

Top Stories for April 12, 2024:
1. U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) and Nippon Steel are considering delaying the closure of their <a href="https://www.benzinga.com/m-a/24/04/38221500/us-steel-and-nippon-steel-mull-pushing-back-date-to-seal-deal-bloomberg">$14.1 billion deal</a> until the second half of 2024 due to political resistance and ongoing investigations. 
Initially expected to close by mid-2024, the deal faces opposition from the United Steelworkers and President Joe Biden, with a national security review potentially extending into 2025. 
Additionally, the Justice Department has launched an extended antitrust investigation into the acquisition.
2. Atlas Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATLX#NASDAQ">ATLX</a>) secured investments and supply agreements with Chengxin Lithium Group and Yahua Industrial Group, key suppliers to Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) and LG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LGEIY#OTC">LGEIY</a>).
These partnerships achieved Atlas&#8217;s initial $49.5 million production costs.&nbsp;
The company will accelerate its production using modular DMS technology and outsourcing, with a Brazil-based phase 1 DMS plant set to start in Q4 2024.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/markets/asia/24/04/38190070/iron-ore-surge-boosts-australian-dollar-as-rio-tinto-invests-in-innovation">Iron Ore Surge Boosts Australian Dollar As Rio Tinto Invests in Innovation</a>
3. ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) celebrated the completion of its advanced Vandergrift Operations expansion, marking a major step in transforming its Specialty Rolled Products to lead in titanium and nickel-based alloys. 
This consolidation will boost production of high-value materials, enhancing attributes like thickness and coil size with the world&#8217;s shortest lead times.&nbsp;
The facility features a new 200-foot tall bright anneal line with cutting-edge controls, enhancing ATI's capabilities in aerospace and defense material production.
4. Argan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NASDAQ">AGX</a>) reported fiscal 2024 results, with consolidated revenues rising 26% to $573.3 million and EBITDA up 7% to $51.3 million.
Argan is optimistic about new opportunities in renewable and natural gas projects, driven by growing energy demands from data centers and electric vehicles.&nbsp;
Despite challenges, including a $13.6 million loss related to the Kilroot Power Station project in Northern Ireland, the company remains positive about its market position and capabilities in energy facility construction and support.&nbsp;
Fourth quarter revenues grew 38.5% year-over-year to $164.6 million, with gross profit at $23.6 million, despite losses from nearing completion projects like Kilroot.&nbsp; The fourth quarter also saw project backlogs increase to $757 million.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/m-a/24/04/38201281/revival-gold-acquires-ensign-minerals-to-become-a-cash-flowing-mid-tier-us-gold-producer">Revival Gold Acquires Ensign Minerals &#8216;To Become A Cash-Flowing Mid-Tier US Gold Producer&#8217;</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
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ATLX

BYDDF

LGEIY

US Steel Delays Deal With Nippon; Atlas Lithium Secures New Financing; ATI Completes Expansion And More: Friday's Top Mining Stories

Deutsche Bank analyst Scott Deuschle initiates coverage on ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) with a Buy rating and announces Price Target of $70.

Initiation

Deutsche Bank Initiates Coverage On ATI with Buy Rating, Announces Price Target of $70

Top Stories for March 20, 2024:
1. Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) <a href="https://www.benzinga.com/news/24/03/37844058/nucor-signs-agreement-with-mercedes-benz-to-supply-econiq-re-terms-not-disclosed">signed an agreement</a> with Mercedes-Benz (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGAF#OTC">MBGAF</a>) to supply its advanced, low-carbon steel Econiq-RE for vehicle production in Tuscaloosa, Alabama. 
Econiq-RE is made with 100% renewable energy, drastically cutting greenhouse gas emissions compared to traditional steel.&nbsp;
This partnership aligns with both companies&#8217; sustainability goals, as Nucor aims to hit net-zero emissions by 2050 and continues to be a leader in recycling and emission reduction in steel production.
Nucor's EVP of Commercial Dan Needham said, &#8220;Our Econiq brand is helping steel end-users meet their growth and sustainability goals, and we are proud that it is going to be a key piece of Mercedes-Benz&#8217;s path towards a net carbon-neutral new car fleet along the entire value chain.&#8221;
2. ATI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) launched its advanced 12,500-ton billet forging press known as BSOII in North Carolina to enhance titanium production for aerospace and defense. 
The press came online to match the company's increased titanium capacity, supporting the creation of complex, novel alloys. It surpasses older models in tonnage and precision, vital for cutting-edge jet engines.&nbsp;
North Carolina Senator Ted Budd joined the ribbon-cutting ceremony where he said, "Part of what makes our nation strong is having a strong national defense&#8230; It&#8217;s having strong providers and suppliers – companies like ATI – in that supply chain. Thanks to ATI for keeping our supply chain strong.&#8221;
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/markets/commodities/24/03/37834525/cleanup-costs-for-tecks-elk-valley-mining-may-slow-9b-asset-sale-to-glencore-wildsight-report">Cleanup Costs For Teck&#8217;s Elk Valley Mining, May Slow $9B Asset Sale To Glencore, Wildsight Reports</a>
3. The Global X Copper Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COPX#NYSE">COPX</a>) has surged more than 13% in March, marking the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37852494/copper-stocks-rally-as-market-tightness-reaches-historic-levels-analysts-see-major-">highest monthly gain</a> since November 2022. 
So far this month, Southern Copper Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>) and Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) have increased by roughly 24% and 18%, respectively.&nbsp;
This rally has been driven by a sharp rise in copper prices attributed to significant market tightness.&nbsp;
Goldman Sachs analysts suggested scarcity pricing by 2025 due to low stock levels, peak mine supply and strong demand from green technologies.
4. Commercial Metals Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) declared a quarterly dividend of $0.18 per share, a $0.02 increase (13%) from the previous <a href="https://ir.cmc.com/CMC-Announces-a-13-Increase-In-Quarterly-Dividend-3-20-2024">quarter</a>.
The dividend will be paid on April 10, 2024 to all shareholders as of April 1, 2024.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/news/24/03/37708828/lithium-americas-receives-record-loan-for-2-2b-milestone-project-in-nevada">Lithium Americas Receives Record Loan For $2.2B, Milestone Project In Nevada</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
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COPX

MERCEDES BENZ GROUP AG by Mercedes Benz Group AG

MBGAF

SCCO

Nucor Signs Deal With Mercedes-Benz; ATI Launches New Forging Press; Copper Prices Surge And More: Wednesday's Top Mining Stories

The Fully Integrated 3D Printing Solution Will Be Operated by ATI in a Newly Established Facility That Will Provide the U.S. Naval Nuclear Propulsion Program With Alternatives To Cast Parts
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.velo3d.com%2F&amp;esheet=53906431&amp;newsitemid=20240307182242&amp;lan=en-US&amp;anchor=Velo3D&amp;index=1&amp;md5=37512940f220b46b2e1d32efcd0477e4">Velo3D</a>, Inc. ((<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;,%20url=https%3A%2F%2Fwww.nyse.com%2Fquote%2FXNYS%3AVLD&amp;,%20esheet=53906431&amp;,%20newsitemid=20240307182242&amp;,%20lan=en-US&amp;,%20anchor=NYSE%3A+VLD&amp;,%20index=2&amp;,%20NYSE:%3Ca%20class=">VLD</a>), today announced <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bpmionline.com%2F&amp;esheet=53906431&amp;newsitemid=20240307182242&amp;lan=en-US&amp;anchor=Bechtel+Plant+Machinery+Inc.&amp;index=3&amp;md5=4caa7709c0e21495619e5642a1a06fd4">Bechtel Plant Machinery Inc.</a> (BPMI) has selected a fully integrated metal additive manufacturing solution from the company to produce parts for the U.S. Naval Nuclear Propulsion Program. The Sapphire XC large format printer, calibrated for stainless steel 415, will be operated by <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.atimaterials.com%2F&amp;esheet=53906431&amp;newsitemid=20240307182242&amp;lan=en-US&amp;anchor=ATI&amp;index=4&amp;md5=ebf9b85ebf66fcd3a624f3c988043b2f">ATI</a> ((<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;,%20url=https%3A%2F%2Fwww.nyse.com%2Fquote%2FXNYS%3AATI&amp;,%20esheet=53906431&amp;,%20newsitemid=20240307182242&amp;,%20lan=en-US&amp;,%20anchor=NYSE%3A+ATI&amp;,%20index=5&amp;,%20NYSE:%3Ca%20class=">ATI</a>) at its new additive manufacturing facility outside Fort Lauderdale, Florida. Earlier this year, BPMI awarded a contract to ATI to support development of highly engineered part solutions for advanced manufacturing methods including metal additive manufacturing. The partners will use the printer to produce parts previously produced through casting, reducing lead times for mission critical parts, and streamlining their supply chain.
Velo3D's technology was developed in the United States and includes a fully integrated software and hardware solution. The company is headquartered in the United States, including its research and development, customer support, and manufacturing operations. Conventional 3D printers often struggle to produce parts with overhanging features beyond 45 degrees without support structures, however Velo3D's proprietary technology offers the ability to produce parts with a wide variety of geometries with few-to-no supports. This has allowed the company to address applications that other 3D printing technologies cannot. In addition to using this technology to 3D print parts that are traditionally cast, Velo3D's technology also enables more innovative designs to replace components currently in use. Furthermore, this capability can be scaled to additional machines across multiple locations and operators.
"BPMI and ATI's progressive approach to 3D printing is extremely forward-thinking and this new, revolutionary facility will significantly augment the U.S. Navy's supply chain for maintenance, repair, and operations," said Brad Kreger, CEO at Velo3D. "Both companies are early adopters of metal 3D printing and innovators in the manufacturing industry. We look forward to working with them as they support the U.S. Navy's fleet, including its aging vessels."
The U.S. Navy currently operates approximately 300 vessels, many of which were commissioned decades ago. They, along with the broader U.S. Department of Defense, have actively incorporated additive manufacturing, acknowledging its efficiency in supporting its aging equipment, enhancing warfighter readiness, and reducing replacement part lead-times. Additive manufacturing accomplishes this by enabling distributed supply chains and digital inventories where manufacturers can produce parts within spec across any similar printer calibrated for the same metal alloy. ATI's new secure facility, along with Velo3D's fully integrated solution, are significant steps forward in advancing the Navy's maintenance and operational capabilities.
"Printers with larger build volumes and the ability to print with less support structures are ideal for U.S. Naval Nuclear Propulsion Program applications," said Nathan Weiderspahn, BPMI Executive Manager, Industrial Base Management. "This additive manufacturing technology will greatly support our efforts in delivering new technology to the U.S. Navy and helping maintain its fleet of ships."
"ATI will be able to more easily additively produce complex parts with fewer support structures, at lower angles, and larger sizes than ever before," said Joe Thompson, General Manager of ATI Additive Manufacturing Products. "This enables us to broaden the scope of possible part designs for our defense and aerospace customers, enabling higher performance and better quality. The business opportunity represented by these previously unproduceable part designs is significant."
BPMI's new Sapphire XC printer is the first such printer from Velo3D calibrated for <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fvelo3d.com%2Fmaterial-stainless-415%2F&amp;esheet=53906431&amp;newsitemid=20240307182242&amp;lan=en-US&amp;anchor=stainless+steel+415&amp;index=6&amp;md5=8cb31d8d662fb738ebaecaa2be786993">stainless steel 415</a>, an alloy of iron, chromium, and nickel that provides good tensile strength and corrosion resistance at a range of temperatures.

Contracts

Bechtel Plant Machinery Inc. Selects Velo3D's Metal Additive Manufacturing Solution To Revolutionize The Supply Chain For The U.S. Navy; The Sapphire XC Large Format Printer, Calibrated For Stainless Steel 415, Will Be Operated By ATI

Offerings

Ati Files For Mixed Shelf; Size Not Disclosed

Top Stories for Feb. 23, 2024:
1. BTIG analyst Gregory Lewis downgraded Piedmont Lithium (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pll#NASDAQ">PLL</a>) <a href="https://www.benzinga.com/quote/PLL/analyst-ratings">from Buy to Neutral</a> following its fourth-quarter and full-year 2023 financial results.
Piedmont Lithium&#39;s 2023 results included $39.8 million in revenue from 43.2k dry metric tons of spodumene concentrate sales, $5.7 million gross profit and a ramp-up at NAL with cost and production improvements anticipated in 2024.
Shipments are expected to transition to multi-year contracts and it is advancing permits in Ghana and North Carolina.
Piedmont ended 2023 with $71.7 million cash and $49.1 million from Q1 2024 share sales of Sayona Mining (ASX: SYA).
2. The Board of Directors of ATI Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ati#NYSE">ATI</a>) elected Chief Operating Officer Kimberly A. Fields as President and CEO, effective July 1, 2024.
Former CEO Robert S. Wetherbee commented, &ldquo;ATI is well-positioned, on a clear path to $5 billion in revenue and $1 billion in EBITDA by 2027. We have the capabilities, and the team is aligned to deliver.... Kim is ready to lead this organization. Her demonstrated operational and commercial success makes her proven to perform. As ATI&#39;s next CEO, Kim will further accelerate our growth and value creation.&quot;
3. SunCoke Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sxc#NYSE">SXC</a>) announced the upcoming retirement of CEO Michael G. Rippey on May 15, 2024.
Katherine T. Gates will replace him as CEO, while retaining her role as president and continuing as a Board member. Post-retirement, Rippey will serve as an advisor to the company.
4. Olympic Steel (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zeus#NASDAQ">ZEUS</a>) announced fourth-quarter and full-year 2023 financial results.
The company&rsquo;s Pipe and Tube segment reported its second most profitable year and it increased its quarterly dividend by 20% from $0.125 to $0.15 per share.
Fourth-quarter net income was $7.4 million ($0.64 per share) with $16.7 million adjusted EBITDA and $489 million in sales.
Full-year net income stood at $44.5 million ($3.85 per share), with $97.6 million adjusted EBITDA and $2.2 billion in sales, including $8.3 million LIFO pre-tax income and $5.7 million in acquisition charges. This compares to the previous year&#39;s $90.9 million net income, $152 million adjusted EBITDA and $2.6 billion in sales.
Chief Executive Officer Richard T. Marabito commented, &quot;For the second year in a row, we withstood a hot-rolled carbon steel index pricing decline of more than 45% during the year&hellip;. Our Pipe and Tube business delivered its second most profitable year ever, and our Carbon business showed its resiliency in navigating the pricing pressures of 2023. While Specialty Metals faced industry-wide stainless steel pricing headwinds, this segment contributed consistent positive EBITDA for both the fourth quarter and the full year.&quot;
Now Read:&nbsp;<a href="https://www.benzinga.com/top-stories/24/02/37291215/fed-officials-confident-inflation-is-easing-but-want-more-evidence-before-cutting-rates">Fed Officials Confident Inflation Is Easing, But Want More Evidence Before Cutting Rates</a>
Photo: Shutterstock

Small Cap

ZEUS

Analyst Downgrades Piedmont Lithium; ATI Names New CEO; SunCoke CEO Retires; Olympic Steel Releases Q4, Annual Results: Friday's Top Mining Stories

Management

ATI Appoints Kimberly Fields As President And CEO

Keybanc has decided to maintain its Overweight rating of ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) and raise its price target from $49.00 to $56.00.
Shares of ATI are trading up 0.0% over the last 24 hours, at $44.65 per share.
A move to $56.00 would account for a 25.42% increase from the current share price.
<h3>About ATI</h3>
ATI Inc supplies specialty metals to various end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. The company's operating segment includes High-Performance Materials and Components and Advanced Alloys and Solutions. The majority of revenue is from the Advanced Alloys and Solutions segment. The AA&amp;S segment is focused on delivering high-value flat products, Other important end markets for AA&amp;S include automotive &amp; electronics. AA&amp;S produces nickel-based alloys, titanium &amp; titanium-based alloys, &amp; specialty alloys in a variety of forms including plate, sheet, and strip products. Geographically, it operates in the United States, China, the United Kingdom, Germany, France, Canada and Others, the majority is from the United States.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
ATI (NYSE:<a href="https://investorplace.com/stock-quotes/ati-stock-quote/">ATI</a>) just reported results for the first quarter of 2024.<ul><li>ATI reported earnings per share of 48 cents. This was above the analyst estimate for EPS of 41 cents.</li><li>The company reported revenue of $1.04 billion.</li><li>This was 1.26% better than the analyst estimate for revenue of $1.03 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/ati-stock-earnings-ati-for-q1-of-2024/">ATI Stock Earnings: ATI Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

ATI Stock Earnings: ATI Beats EPS, Beats Revenue for Q1 2024

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ATI, Inc. (ATI) Q1 2024 Earnings Call Transcript

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ADDYY

ANYYY

BSBR

CPLP

DLAKF

EADSF

ETRN

FELE

FNMA

HRMY

HSBC

HUBB

INCY

IPGP

IVPAF

LDOS

LGIH

LKNCY

LODE

MASS

MLCO

MPLX

NAUT

NXRT

OCSL

OTLY

PCAR

PYPL

RITM

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STLA

Press Releases

ATI CFO Don Newman to speak at Cowen Aerospace & Defense Conference

ATI Elects Kimberly A. Fields as President and CEO

ATI CFO Don Newman to speak at 2024 JP Morgan Industrials Conference

Bechtel Plant Machinery Inc. Selects Velo3D's Metal Additive Manufacturing Solution To Revolutionize the Supply Chain for the U.S. Navy

ATI names Vaishali Bhatia General Counsel and Chief Compliance Officer

ATI Celebrates Commissioning of New Press Critical to Titanium Production

ATI Announces Webcast for First Quarter 2024 Results

ATI Celebrates Completion of Most Advanced Materials Finishing Operations

ATI Announces First Quarter 2024 Results

ATI names Netta Washington to Lead HPMC Segment

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