ATI Inc. Reveals Ambitious Acceleration Strategy for Growth and Margin Expansion through 2029

ATI Inc. Unveils Strategy for Strong Growth by 2029

On November 12, 2026, ATI Inc. (NYSE: ATI) showcased its latest growth strategy during the company's 2026 Investor Day. The focus of this strategy is to bolster the company's position in the aerospace and defense sectors, along with specialty energy, by making significant investments in capacity and aiming for ambitious financial goals.

Strategic Goals for 2029

ATI set forth several key targets for 2029, illustrating its determination to achieve a compound annual growth rate (CAGR) of 10% to 12% in revenue between 2026 and 2029. Additionally, the company aims to reach adjusted EBITDA margins within the range of high 20% to low 30%, while ensuring adjusted free cash flow of approximately $1.25 billion, marking more than a twofold increase from projected numbers for 2026.

CEO Kimberly A. Fields emphasized ATI's transformation into a dynamic leader in aerospace and defense, as well as its commitment to enhancing its market position through strong execution and strategic investments. She stated, "We have laid the groundwork for a robust future by delivering on our 2027 targets ahead of schedule. Our current strategy allows us to capitalize on strong customer demand by focusing on high-value areas within our expertise."

Focus on Capacity Expansion

Central to ATI's growth strategy is the expansion of differentiated production capabilities. This includes investments to increase capacity for nickel powder and zirconium sponge production. These enhancements are critical for supporting industries in aerospace and nuclear energy, respectively. Here are the highlights of these initiatives:

Nickel Powder Production Expansion

ATI will increase production capacity at its facility in Bakers, NC, for nickel powder, a key ingredient in advanced nickel superalloys utilized in next-gen jet engines and high-temperature applications. This project will include an innovative atomizer and updated product processing systems, with production expected to ramp up fully by late 2028. The expected revenue boost from this expansion is projected at $200 million.

Zirconium Sponge Capacity Increase

In Millersburg, OR, ATI is in the process of expanding its capacity for high-purity zirconium. This expansion will allow ATI to better cater to the growing demand for nuclear-grade materials, which are essential for commercial and naval nuclear energy applications. This project is anticipated to contribute an additional $100 million in revenue once fully operational by early 2028.

Collectively, these expansions are part of a broader capital spending plan that aims to generate around $1 billion in incremental revenue by 2029.

Commitment to Shareholders

In an effort to return value to shareholders, ATI has set a target to reduce managed working capital to below 30% of sales and commit to returning over 75% of annual adjusted free cash flow back to its investors. Fields clarified that the path to sustained growth and profitability extends well beyond 2029, with ATI focusing on maintaining its leadership position within the industry by executing disciplined operational strategies.

Conclusion

As a global supplier of high-performance materials for complex aerospace, defense, and energy markets, ATI is positioning itself strategically to tackle the world's most critical challenges through its advanced materials science. By focusing on innovation, customer partnerships, and exceptional product development, ATI is poised for continued success in the years ahead. For further details, stakeholders are encouraged to access materials available on ATI's investor relations website at ATImaterials.com.