ALLEGHENY TECHNOLOGIES INC shareholders Q2 2023

About ALLEGHENY TECHNOLOGIES INC

Allegheny Technologies Inc. (ATI) is a leading manufacturer of specialty materials and components for the aerospace, defense, and oil and gas industries. The company has a long history of innovation and has been at the forefront of developing new materials and technologies that have helped to shape these industries.

ATI's products are used in a wide range of applications, from aircraft engines and landing gear to oil and gas drilling equipment and pipelines. The company's materials are known for their strength, durability, and resistance to corrosion and high temperatures, making them ideal for use in harsh environments.

In recent years, ATI has focused on expanding its capabilities and diversifying its product portfolio. The company has made a number of strategic acquisitions, including the purchase of Ladish Co. in 2011 and the acquisition of Precision Castparts Corp.'s titanium business in 2017. These acquisitions have helped to strengthen ATI's position in the aerospace and defense markets and have given the company access to new customers and markets.

Despite the challenges posed by the COVID-19 pandemic, ATI has remained resilient and has continued to invest in its business. The company recently announced plans to build a new hot-rolling and processing facility in Pennsylvania, which will help to expand its capabilities and increase its production capacity.

Overall, ATI is a well-respected company with a strong track record of innovation and growth. With its focus on expanding its capabilities and diversifying its product portfolio, the company is well-positioned to continue to thrive in the years ahead.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.