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ATI INC 8-K Report, Financial Results (Feb 2, 2022)

Reports
Earnings & Results·Regulation FD·Exhibits & Filings
Filing Date
Filed February 2, 2022
Period End
February 2, 2022
Security
ATI
In the record · 2016–202610-K1110-Q328-K145

ATI filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 145 current reports (8-K) between 2016 and 2026.

  1. Restructuring8-K · Oct ’16Oct ’16
  2. Leadership change8-K · Feb ’19Feb ’19
  3. Leadership change8-K · Mar ’21Mar ’21
  4. Material agreement8-K · Jun ’26Jun ’26

01—Abstract

Summary

Summary of the 8-K filed February 2, 2022. Cited figures are marked; the original filing is the authoritative source.

Allegheny Technologies Incorporated (ATI) announced its fourth quarter and full year 2021 financial results on February 2, 2022.

While specific financial figures are not detailed in this 8-K, the filing references a press release (Exhibit 99.1) that contains these results, indicating the company is providing updates on its operational and financial performance. Investors should refer to the earnings press release for detailed revenue, profit, and other key financial metrics for the periods ended December 31, 2021. In addition to financial results, ATI's Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $150 milliona of the company's outstanding common stock.

This program signals management's confidence in the company's value and its commitment to returning capital to shareholders. Repurchases will be executed in the open market or through private negotiations, subject to market conditions and regulatory compliance.

02—Key points

Key Highlights

  1. ATI announced its Q4 and Full Year 2021 financial results on February 2, 2022, via an earnings press release (Exhibit 99.1).
  2. A new stock repurchase program of up to $150 million for outstanding common stock has been approved by the Board of Directors.
  3. Repurchases can be made via open market or privately negotiated transactions.
  4. The timing and amount of repurchases are dependent on market conditions and corporate needs.
  5. Repurchases will comply with Rule 10b-18 of the Securities Exchange Act of 1934.
  6. The stock repurchase program is not mandatory and can be modified, suspended, or terminated at any time by the board.

03—Questions

Frequently Asked Questions

  1. What are ATI's key financial results for Q4 and full year 2021?

    This 8-K filing does not contain the specific financial details. Investors should refer to ATI's press release dated February 2, 2022 (Exhibit 99.1) for detailed information on revenue, earnings, and other financial performance metrics for the fourth quarter and full year 2021.

  2. What is the new stock repurchase program about?

    ATI's Board of Directors has authorized a program to repurchase up to $150 million of the company's common stock. This indicates a move to return capital to shareholders and potentially support the stock price.

  3. How and when will ATI conduct these stock repurchases?

    Repurchases may occur in the open market or through privately negotiated transactions. The specific amount and timing will depend on market conditions and the company's needs. The program can be adjusted or halted by the board at any time.

  4. Does the stock repurchase program guarantee a certain number of shares will be bought back?

    No, the program does not obligate the company to repurchase any specific number of shares. It provides the authority to repurchase up to $150 million, subject to various factors and board decisions.

04—Continue

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