ATI Demonstrates Assurance Through $500 Million Multi-Year Share Repurchase Program

ATI Inc. Launches $500 Million Share Buyback Program

ATI Inc. has unveiled a new multi-year share repurchase initiative, granting the company authority to buy back up to $500 million of its common stock. This new authorization is in addition to the $120 million still available from a previous buyback plan. ATI can choose to repurchase shares either on the open market or through private transactions, based on market trends and its financial priorities.

This decision reflects ATI’s optimism about its future growth, fueled by robust demand in the commercial aerospace and defense sectors, as well as its strong free cash flow performance.

At the close of 2025, ATI reported cash and cash equivalents totaling $416.7 million. Adjusted earnings reached $0.93 per share, an 18% increase from the prior year’s $0.79, surpassing the Zacks Consensus Estimate of $0.89. The company generated $380 million in adjusted free cash flow in 2025 and repurchased approximately 6.4 million shares for $470 million during the year.

ATI remains committed to a balanced capital allocation approach, investing in advanced materials and aerospace technologies while also returning value to shareholders.

While the new authorization does not require ATI to repurchase a set number of shares and may be changed or paused at any time, it demonstrates management’s confidence in the company’s earnings outlook and commitment to enhancing shareholder value.

Over the past year, ATI’s stock price has surged by 182.1%, significantly outpacing the industry’s 46.2% gain.

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ATI’s Zacks Ranking and Other Noteworthy Aerospace Stocks

ATI currently holds a Zacks Rank #2 (Buy).

Other leading aerospace stocks with strong Zacks rankings include:

• Astronics Corporation (ATRO)
• Woodward, Inc. (WWD)
• BWX Technologies, Inc. (BWXT)

All three—ATRO, WWD, and BWXT—are rated Zacks Rank #1 (Strong Buy).

• The Zacks Consensus Estimate for ATRO’s current-year earnings is $2.55 per share, representing a 27% increase. ATRO has exceeded earnings expectations in each of the last four quarters, with an average surprise of 32%.
• WWD’s consensus estimate for this fiscal year is $8.51 per share, reflecting a 24% year-over-year decrease. WWD has also surpassed estimates in the past four quarters, with an average surprise of 18%.
• BWXT is projected to earn $4.26 per share this year, a 6.23% rise from the previous year. BWXT has beaten earnings forecasts in each of the last four quarters, averaging a 23% surprise.

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