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ATI Receives Significant Update in GICS Code

On May 1, 2025, ATI Inc., previously identified under the Metals and Mining classification, announced a pivotal change in its Global Industry Classification Standard (GICS) code, now categorized under Aerospace and Defense. This shift underscores the company's strategic evolution into a prominent player within the aerospace and defense (AD) markets, which has been a part of ATI's broader vision for several years.

Acknowledging Growth and Change

Don Newman, the Executive Vice President and Chief Financial Officer of ATI, elaborated on the implications of this reclassification. He stated, "This reclassification reaffirms ATI's continued transformation in aerospace and defense leadership." Over the last five years, ATI has made deliberate efforts to enhance shareholder value by solidifying its presence in high-growth sectors. The classification shift serves as evidence of the progress made, reflecting ATI's commitment and the company's successful transition towards specialized aerospace and defense materials.

In the first quarter of 2025, it was reported that aerospace and defense revenue constituted an impressive 66% of ATI’s total income. This indicates a robust demand for ATI's materials, which are essential for various applications, including military operations and commercial aviation. These materials empower customers by enhancing the performance of their aircraft, ensuring they can fly higher, travel faster, and sustain more challenging environments.

The Importance of Strategic Focus

ATI’s new classification as an AD supplier highlights the importance of specialized materials in the aerospace and defense sectors. The company has excelled in producing a diverse range of proprietary cast, wrought, and powder alloys, tailored for jet engines and airframes, as well as iso-thermal forged components. These products are integral to commercial aircraft platforms and national defense programs, showcasing ATI's capability to meet rigorous industry standards.

Since 2020, ATI has strategically navigated towards enhancing its focus on the aerospace and defense core. The company redirected its efforts from less profitable metal products, concentrating on the production of high-value materials that cater specifically to the needs of AD customers. This direction has necessitated streamlining operations and expanding capabilities to adeptly manage the increasing demands of the AD market.

Strong Partnerships and Innovation

ATI has built a reputation for utilizing advanced materials science and integrated process technologies. The company partners with its customers, delivering materials engineered to address the unique challenges of aerospace and defense applications. ATI's commitment to innovation remains at the forefront of its strategy, combining exceptional process technologies with robust partnerships to develop solutions that stand the test of time across a variety of extreme conditions. The focus on innovation and quality is central to ATI's ability to consistently deliver high-performance materials, ensuring their products remain competitive in a rapidly evolving market.

Future Directions

As ATI moves forward with its newfound classification, the company aims to fortify its standing within the aerospace and defense domains. The reclassification to a GICS code of '20101010' solidifies the recognition of ATI not just as a supplier but as a leader in high-performance material solutions.

With continuous evolution and strategic actions, ATI is set to enhance its impact across both commercial and defense sectors, further establishing its presence as a critical player in the global aerospace and defense landscape. For more information and updates about ATI's developments and innovations, visit ATImaterials.com.