ATI Announces Second Quarter 2018 Results

(a) Includes $(135) million contribution to the U.S. defined benefit pension plan in 2017.

       
Allegheny Technologies Incorporated and Subsidiaries
Selected Financial Data
(Unaudited)
   
Three Months Ended Six Months Ended
June 30 March 31 June 30 June 30 June 30
2018 2018 2017 2018 2017
Percentage of Total ATI Sales
High-Value Products
Nickel-based alloys and specialty alloys 30 % 29 % 27 % 30 % 26 %
Precision forgings, castings and components 20 % 21 % 19 % 20 % 18 %
Titanium and titanium-based alloys 16 % 16 % 16 % 16 % 17 %
Precision and engineered strip 13 % 13 % 13 % 13 % 14 %
Zirconium and related alloys   5 %   5 %   7 % 5 %   7 %
Total High-Value Products 84 % 84 % 82 % 84 % 82 %
Standard Products
Stainless steel sheet 9 % 9 % 9 % 9 % 9 %
Specialty stainless sheet 4 % 4 % 5 % 4 % 5 %
Stainless steel plate and other   3 %   3 %   4 % 3 %   4 %
Total Standard Products   16 %   16 %   18 % 16 %   18 %
Grand Total   100 %   100 %   100 % 100 %   100 %
 
 
Three Months Ended Six Months Ended
June 30 March 31 June 30 June 30 June 30
Shipment Volume: 2018 2018 2017 2018 2017
 
Flat Rolled Products (000's lbs.)
High value 84,564 84,042 74,089 168,607 149,422
Standard   105,006     109,249     114,677   214,255     229,662  
Flat Rolled Products total 189,570 193,291 188,766 382,862 379,084
 
 
Average Selling Prices:
 
Flat Rolled Products (per lb.)
High value $ 3.13 $ 3.30 $ 2.84 3.21 $ 2.81
Standard $ 1.42 $ 1.26 $ 1.23 1.34 $ 1.24
Flat Rolled Products combined average $ 2.19 $ 2.15 $ 1.86 2.17 $ 1.86
 

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