
ATI Incorporated (ATI): A Texas-Sized Earnings Beat With Side Of Raised EPS/FCF Guidance
We remain confident with the STRONG BUY investment rating on ATI Incorporated (ATI) following a review of the details collected from the quarterly earnings report and expected commercial aerospace market drivers. There do not appear to be very many holes in the ATI story right now, which should result in upward consensus estimate movement and increasingly bullish CY23-24 outlook. End-market drivers are strengthening, ATI improved contract share for several aerospace products, the balance sheet looks much healthier, and management execution has been solid. Continue reading