−Removed: Allegheny Technologies Incorporated is a Delaware corporation with its corporate headquarters located at 1000 Six PPG Place, Pittsburgh, Pennsylvania 15222-5479, telephone number (412) 394-2800, Internet website address www.atimetals.com.
−Removed: Our Internet website and the content contained therein or connected thereto are not intended to be incorporated into this Annual Report on Form 10-K.
−Removed: References to “Allegheny Technologies,” “ATI,” the “Company,” the “Registrant,” “we,” “our” and “us” and similar terms mean Allegheny Technologies Incorporated and its subsidiaries, unless the context otherwise requires.
−Removed: ATI’s strategic vision is to be an aligned and integrated specialty materials and components company, solving the world’s challenges through materials science.
−Removed: Our strategies target the products and global growth markets that require and value ATI’s technical and manufacturing capabilities.
−Removed: Our largest markets are aerospace & defense, representing approximately 40% of total sales, led by products for jet engines.
+Added: is a Delaware corporation with its corporate headquarters located at 2021 McKinney Avenue, Suite 1100, Dallas TX 75201, telephone number (800) 289-7454, Internet website address www.atimaterials.com.
+Added: Our Internet website and content contained therein or connected thereto are not intended to incorporate into this Annual Report on Form 10-K.
+Added: References to “ATI,” the “Company,” “the Registrant,” “we,” “our” and “us” and similar terms mean ATI Inc.
+Added: and its subsidiaries, unless the context otherwise requires.
+Added: ATI produces specialty materials, highly differentiated by our materials science expertise and advanced process technologies.
+Added: Our mission is to solve the world’s challenges through materials science.
+Added: Our core markets of aerospace & defense represent nearly 50% of total sales, led by products for jet engines.
Additionally, we have a strong presence in the energy markets, including specialty energy, oil & gas and downstream processing.
−Removed: In aggregate, these markets represent about 60% of our revenue.
−Removed: ATI is a market leader in manufacturing differentiated products that require our materials science capabilities and unique process technologies, including our new product development competence.
+Added: In aggregate, these markets represent nearly 70% of our revenue.
We operate in two business segments:
High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S).
−Removed: The HPMC segment’s primary focus is on maximizing aero-engine materials and components growth, with approximately 75% of its revenue derived from the aerospace & defense markets including over 40% of its revenue from products for commercial jet engines.
+Added: The HPMC segment’s primary focus is on maximizing aero-engine materials and components growth, with approximately 80% of its revenue derived from the aerospace & defense markets including approximately 60% of its revenue from products for commercial jet engines.
Commercial aerospace products have been the main source of sales and EBITDA growth for HPMC over the last several years, and are expected to continue to drive HPMC and overall ATI results as demand from these markets recovers from reduced 2020 levels resulting from the COVID-19 pandemic.
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Capabilities range from cast/wrought and powder alloy development to final production of highly engineered finished components, including those used for next-generation jet engine forgings and 3D-printed aerospace products.
−Removed: The AA&S segment is focused on delivering high-value flat products primarily to the energy, aerospace, and defense end-markets, which comprise approximately 45% of its revenue.
+Added: The AA&S segment is focused on delivering high-value flat products primarily to the energy, aerospace, and defense end-markets, which comprise over 50% of its revenue.
Other important end markets for AA&S include automotive and electronics.
AA&S produces nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms including plate, sheet, and strip products.
−Removed: On December 2, 2020, we announced a strategic repositioning of our Specialty Rolled Products (SRP) business, which includes exiting lower-margin standard stainless sheet products, streamlining the production footprint of the AA&S segment and making certain capital investments to increase our focus on higher-margin products and our aerospace & defense end markets.
−Removed: We remain on track to complete our transformation of the SRP business and exit sales of lower-margin standard stainless sheet products in the first half of 2022.
+Added: On December 2, 2020, we announced a strategic repositioning of our Specialty Rolled Products (SRP) business, which was substantially completed in 2022 and included the exit of lower-margin standard stainless sheet products, streamlining the production footprint of the AA&S segment and making certain capital investments to increase our focus on higher-margin products and our aerospace & defense end markets.
Strategic end-use markets for our products include:
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Nickel-based alloys and superalloys remain extremely strong at high temperatures and resist degradation under extreme conditions.
−Removed: The next-generation jet engines use advanced nickel-based superalloys and metallic powder alloys due to increased fuel efficiency requirements that require hotter-burning engines.
+Added: The next-generation jet engines use advanced nickel-based superalloys and metallic powder alloys to enable increased fuel efficiency requirements that require hotter-burning engines.
Our specialty materials are also used in the manufacture of aircraft landing gear and structural components.
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We produce highly sophisticated components that have differing mechanical properties across a single product unit and are highly-resistant to fatigue and temperature effects.
−Removed: Our precision forgings are
−Removed: used for jet engine components, structural components for aircraft, helicopters, space propulsion, and other demanding applications.
+Added: Our precision forgings are used for jet engine components, structural components for aircraft, helicopters, space propulsion, and other demanding applications.
ATI provides a full range of post-production inspection and machining with the certified quality needed to meet demanding application requirements.
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For electrical power generation, our specialty materials, including corrosion-resistant alloys (CRAs), are used in nuclear, natural gas and other fuel source applications.
−Removed: Our CRAs are used for pipe, tube, and heat exchanger applications in water systems and in pollution control scrubbers, as well as in water systems, fuel cladding components, and process equipment for nuclear power plants.
+Added: Our CRAs are used for pipe, tube, and heat exchanger applications in water systems and in pollution control scrubbers.
For nuclear power plants, we are an industry pioneer in producing nuclear reactor fuel cladding and structural components utilizing zirconium and hafnium alloys.
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We enable our customers’ success in these applications by developing and producing specialty materials for equipment that can operate for up to 30 years in these harsh environments.
−Removed: ATI’s advanced specialty materials are used in medical device products that enhance the quality of people’s lives around the world.
+Added: ATI’s advanced specialty materials are used in medical device products that enhance the quality of lives around the world.
Manufacturers of magnetic resonance imaging (MRI) devices rely on our niobium superconducting wire to help produce electromagnetic fields that allow physicians to safely scan the body’s soft tissue.
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(an Airbus Group company) including the former operations of Bombardier Aerospace, and Embraer (Empresa Brasileira de Aeronáutica S.A.) for airframes.
−Removed: GE Aviation (a division of General Electric Company), Rolls-Royce plc, Pratt & Whitney (a division of Raytheon Technologies Corporation), Snecma (SAFRAN Group), and various joint ventures manufacture jet engines.
+Added: GE Aerospace (a division of General Electric Company), Rolls-Royce plc, Pratt & Whitney (a division of Raytheon Technologies Corporation), Snecma (SAFRAN Group), and various joint ventures manufacture jet engines.
These companies, and their suppliers, form a substantial part of our customer base in this business segment.
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Risk Factors).
−Removed: Our products are manufactured from a wide range of advanced materials including metallic powder alloys, made from nickel-based alloys and superalloys, titanium and titanium-based alloys, and a variety of other specialty materials.
+Added: Within this segment, our products are manufactured from a wide range of advanced materials including metallic powder alloys, made from nickel-based alloys and superalloys, titanium and titanium-based alloys, and a variety of other specialty materials.
These materials are made into a variety of product forms that include precision forgings, machined parts and others.
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The major end markets for our flat rolled products are energy, aerospace & defense, automotive, and electronics markets.
−Removed: The operations in this segment include our SRP business, our Specialty Alloys & Components business, including the primary titanium operations in Richland, WA, and the Shanghai STAL Precision Stainless Steel Company Limited (STAL) PRS joint venture in China, in which we hold a 60% interest.
+Added: The operations in this segment include our SRP business, our Specialty Alloys & Components business and the Shanghai STAL Precision Stainless Steel Company Limited (STAL) PRS joint venture in China, in which we hold a 60% interest.
Segment results also include our 50% interest in the Uniti industrial titanium joint venture and our 50% interest in the A&T Stainless joint venture.
Significant global overcapacity for stainless flat-rolled products has intensified the price competition in the AA&S segment over the last several years, despite various anti-dumping and countervailing duties imposed by the United States government in various forms since 1999.
−Removed: On December 2, 2020, we announced a strategic repositioning of our SRP business, which includes exiting lower-margin standard stainless sheet products, streamlining the production footprint of the AA&S segment and making certain capital investments to increase its focus on higher-margin products and its aerospace & defense end markets.
−Removed: Additionally, in 2020 we indefinitely idled the manufacturing operations of the A&T Stainless joint venture.
+Added: On December 2, 2020, we announced a strategic repositioning of our SRP business, which included exiting production of lower-margin standard stainless sheet products, streamlining the production footprint of the AA&S segment and making certain capital investments to increase its focus on higher-margin products and its aerospace & defense end markets.
+Added: Additionally, in 2022, we announced the termination of the Uniti joint venture, which is expected to be dissolved in early 2023, and in 2020, we indefinitely idled the manufacturing operations of the A&T Stainless joint venture.
Nickel-based alloys, titanium, and stainless sheet products are used in a wide variety of industrial and consumer applications.
In 2022, approximately 30% of our stainless sheet products by volume were sold to independent service centers, which have slitting, cutting or other processing facilities, with the remainder sold directly to end-use customers.
−Removed: We expect to increase our portion of sales directly to end-use customers as we exit the standard stainless sheet market.
Nickel-based alloy, titanium, and specialty alloy plate products are primarily used in aerospace & defense, and corrosion and industrial markets.
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Competitors for nickel-based alloys and superalloys and specialty alloys include Haynes International and VDM Metals GmbH, a subsidiary of Acerinox S.A.
−Removed: We are exiting the domestic commodity stainless sheet business, in which we compete with North American Stainless, a subsidiary of Acerinox S.A., Outokumpu Stainless USA, LLC, and Cleveland-Cliffs Inc., as well as imports from numerous foreign producers, including Aperam, based in Europe.
−Removed: We continue efforts toward improving the capacity utilization of our Hot-Rolling and Processing Facility (HRPF) in Brackenridge, PA for carbon steel hot-rolling third-party conversion services, and in 2021 we entered into LTAs to provide these services.
+Added: We have exited the domestic commodity stainless sheet business, where we previously competed with North American Stainless, a subsidiary of Acerinox S.A., Outokumpu Stainless USA, LLC, and Cleveland-Cliffs Inc., as well as imports from numerous foreign producers, including Aperam, based in Europe.
+Added: We continue efforts toward improving the capacity utilization of our Hot-Rolling and Processing Facility (HRPF) in Brackenridge, PA for carbon steel hot-rolling third-party conversion services, and in 2022 we entered into additional LTAs to provide these services.
Raw Materials and Supplies
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We believe that we have adequate controls to monitor these contracts, but we may not be able to accurately assess exposure to price volatility in the markets for critical raw materials.
−Removed: Over the last several years, significant global capacity has been added to produce titanium sponge, which is a key raw material used to produce ATI’s titanium products.
−Removed: ATI has entered into long-term cost competitive supply agreements with several producers of premium-grade and standard-grade titanium sponge.
−Removed: Other raw materials, such as nickel, cobalt, and ferrochromium, are available to us and our specialty materials industry competitors primarily from foreign sources.
+Added: Some raw materials, such as nickel, cobalt, and ferrochromium, are available to us and our specialty materials industry competitors primarily from foreign sources.
Some of these foreign sources are located in countries that may be subject to unstable political and economic conditions, which could disrupt supplies or affect the price of these materials.
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Certain key supplies used in melting and other processing operations, such as graphite electrodes and industrial gases including helium and argon, are from time-to-time limited in availability and may be subject to significant price inflation.
−Removed: We enter into long-term supply contracts where possible to ensure an adequate supply of these items, however, overall industry shortages may impact our operations and scheduling.
+Added: We enter into long-term supply contracts where possible to ensure an adequate supply of these products, however, overall industry shortages may impact our operations and scheduling.
Export Sales and Foreign Operations
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We believe that at least 50% of ATI’s 2022 sales were driven by global markets when we consider exports of our customers.
−Removed: Our HPMC segment has manufacturing capabilities for melting, remelting, forging and finishing nickel-based alloys and specialty alloys in the United Kingdom, and manufacturing capabilities for precision forging and machining in Poland, primarily serving the aerospace, construction & mining and transportation markets.
−Removed: Within our AA&S segment, our joint venture in the People’s Republic of China makes PRS products, which enables us to offer these products more effectively to
−Removed: markets in China and other Asian countries.
−Removed: Our Uniti LLC joint venture allows us to offer titanium products to global industrial markets more effectively.
+Added: Our HPMC segment has manufacturing capabilities for precision forging and machining in Poland, primarily serving the aerospace, construction & mining and transportation markets.
+Added: In 2022, the Company completed the sale of its Sheffield, UK operations, which included facilities for melting and re-melting, machining and bar mill operations, and was part of the HPMC segment.
+Added: Within our AA&S segment, our joint venture in China makes PRS products, which enables us to offer these products more effectively to markets in China and other Asian countries.
Backlog, Seasonality and Cyclicality
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Our AA&S segment’s backlog of confirmed orders was approximately $0.6 billion at December 31, 2022 and $0.5 billion at December 31, 2021.
−Removed: We expect that approximately 95% of the confirmed orders on hand at December 31, 2021 for this segment will be filled during the year ending December 31, 2022.
+Added: We expect that nearly 100% of the confirmed orders on hand at December 31, 2022 for this segment will be filled during the year ending December 31, 2023.
Demand for our products is cyclical over longer periods because specialty materials customers operate in cyclical industries and are subject to changes in general economic conditions and other factors both external and internal to those industries.
−Removed: The HPMC segment typically experiences modest seasonal weakness in the third quarter of each fiscal year due to many European customers, particularly in the aerospace supply chain, taking plant outages during this summer period.
+Added: Historically, the HPMC segment typically has experienced modest seasonal weakness in the third quarter of each fiscal year due to many European customers, particularly in the aerospace supply chain, taking plant outages during this summer period.
ATI also typically performs corresponding annual preventative maintenance outages at several facilities during this same period.
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We have both a Chief Digital and Information Officer and, to enhance an already comprehensive cybersecurity program, a Chief Information Security Officer to lead our efforts to address and mitigate digital technology risks in partnership with ATI’s business leaders.
−Removed: In 2021, the need to ensure cybersecurity while enabling a comprehensive and highly reliable remote working environment for a significant portion of our workforce continued to be a central component of our response to the COVID-19 pandemic.
+Added: In 2022, the need to ensure cybersecurity while enabling a comprehensive and highly reliable remote working environment for a significant portion of our workforce continued to be a central component of our strategy.
Throughout 2022, special attention was and continues to be given to improving and implementing Cybersecurity Maturity Model Certification controls in support of protecting ATI’s technology and customer data.
−Removed: Additionally, we have a robust Cybersecurity Incident Response Plan in place which provides a documented framework for handling high severity security incidents and facilitates coordination across multiple parts of the Company.
+Added: Additionally, we have a robust Cybersecurity Incident Response Plan which provides a documented framework for handling high severity security incidents and facilitates coordination across multiple parts of the Company.
We routinely perform simulations and drills at both a technical and management level.
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Our research, development and technical service activities are closely interrelated and are directed toward development of new products, improvement of existing products, cost reduction, process improvement and control, quality assurance and control, development of new manufacturing methods, and improvement of existing manufacturing methods.
−Removed: The increased activity in
−Removed: 2021 and 2019 was largely related to materials and manufacturing methods for products supporting the aerospace & defense markets.
−Removed: The decline in 2020 reflects weakened market conditions due to the COVID-19 pandemic.
+Added: The increased activity in 2022 and 2021 was largely related to materials and manufacturing methods for products supporting the aerospace & defense markets.
+Added: The lower expenditures in 2020 are reflective of weakened market conditions due to the COVID-19 pandemic.
We own hundreds of United States patents, many of which are also filed under the patent laws of other nations.
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We are subject to various domestic and international environmental laws and regulations that govern the discharge of pollutants and disposal of wastes, and which may require that we investigate and remediate the effects of the release or disposal of materials at sites associated with past and present operations.
−Removed: We could incur substantial cleanup costs, fines, civil or criminal sanctions, third party property damage or personal injury claims as a result of violations or liabilities under these laws or non-compliance with environmental permits required at our facilities.
+Added: We could incur substantial cleanup costs, fines, civil or criminal sanctions, third party property damage or personal injury claims as a result of violations or liabilities under these laws or non-
+Added: compliance with environmental permits required at our facilities.
We are currently involved in the investigation and remediation of a number of our current and former sites as well as third party sites.
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Each operating company has an environmental management system that includes mechanisms for regularly evaluating environmental compliance and managing changes in business operations while assessing environmental impact.
−Removed: Human Capital Resources
−Removed: We believe that world-class leadership and fostering a culture that enables us to build and grow a talented engaged team through career development and opportunities is foundational to our vision.
−Removed: We recognize that attracting, retaining and developing members of our workforce are keys to the success and sustainability of our business.
+Added: Human Capital Management
+Added: We believe that our people and culture are a competitive differentiator.
+Added: Attracting, developing and retaining purpose and performance driven leaders who build teams with diverse, empowered and fulfilled employees who want to stay and grow with the company is foundational to our vision.
+Added: At the center of our commitment to excellence are our values which drive how we succeed:
+Added: Accountability, Integrity, Innovation, Safety & Sustainability, and Teamwork & Respect.
We continuously strive to cultivate and support a highly engaged and productive workforce.
−Removed: As a result, management focuses on a number of human capital measures and objectives, which include the following:
−Removed: Talent Acquisition :
−Removed: We partner closely with a targeted number of colleges and universities specifically known for programs that are relevant to our business in order to identify materials science, STEM expertise and other relevant talent, and have developed similar partnerships with high schools and relevant trade schools.
−Removed: In addition, we engage with external professional recruiting firms to enhance our recruiting efforts for key positions.
−Removed: We utilize pre-employment assessment tools to identify qualified candidates who we believe would adapt well to our culture and be most suited to a particular opportunity.
−Removed: We are also actively engaged with campus and professional diversity groups.
−Removed: We pride ourselves on our ability to attract and retain U.S.
−Removed: military veterans, who comprise approximately 6% of our leadership team and approximately 8% of our total employee population as of the end of 2021.
−Removed: Professional Development :
−Removed: We offer a number of programs to our employees intended to support development of the skills each employee needs for success in his or her current position and for future career growth.
−Removed: One of these programs is our Global Leadership Development Program, our Company-wide, flagship program designed to build the skills of our employees across each level of leadership.
−Removed: We also have an Early Career Leadership Development Program, a five-year program designed for high-potential and motivated college graduates designed to prepare our future leaders.
−Removed: Engagement and Performance Management :
−Removed: We actively seek opportunities for regular engagement and communication by our CEO and other senior executive leaders with our broader employee population.
−Removed: Annually, we conduct a confidential company-wide employee engagement survey with feedback from these surveys reviewed with our Board and used to develop and refine other aspects of our overall human capital management and other growth strategies.
−Removed: We also maintain a robust annual performance management process across the organization.
−Removed: Talent Review :
−Removed: We maintain a formal talent review process and career mapping framework.
−Removed: Talent reviews are designed to work in connection with our performance management processes and ensure a systematic and ongoing dialog regarding career development and succession planning at both the individual employee level and more broadly at an enterprise level.
−Removed: An output of our talent assessment process is a retention toolkit.
−Removed: This toolkit is designed to use both quantitative and qualitative inputs along with predictive analytics to inform our retention strategies.
−Removed: Health & Safety :
−Removed: Safety is one of our core values.
−Removed: We strive for a Zero Injury Culture committed to the safety of our people, our products, and the communities in which we operate.
−Removed: Our 2021 OSHA Total Recordable Incident Rate was 0.85 per 200,000 hours and our Lost Time Case Rate was 0.16 per 200,000 hours, which we believe to be competitive with world-class
−Removed: performance for our industry.
−Removed: Also, at the end of 2021, 85% of ATI Operations are OSHAS 45001 certified.
−Removed: Our goal was to have every operation certified to OSHAS 45001 standards by the end of 2022.
−Removed: The previously-announced consolidation and restructuring of our business has caused us to re-evaluate this target for completing certification, which is now by the end of 2025.
−Removed: Pandemic Response :
−Removed: In response to the COVID-19 pandemic, ATI formed a COVID-19 task force to respond to the various government orders, guidance, and issues facing our business and employees.
−Removed: Our operations are critical to ongoing demands and requirements of our customers and as an essential business, we continued to operate while many businesses were ordered to close.
−Removed: By quickly implementing plans and protocols for keeping our employees safe, we have had no widespread workplace infection among our employees in any of our global locations.
−Removed: Diversity & Inclusion :
+Added: As a result, management focuses on a number of human capital strategies and objectives, including the following:
+Added: Inclusion and Diversity :
+Added: We believe our business success is intricately tied to cultivating a culture in which all members of our workforce are included and empowered to do their best work.
+Added: Employing people from different backgrounds, cultures and experiences, amplifies our ability to gather insights and foster innovation.
+Added: Our diversity recruitment strategy includes participation in national diversity conferences, having strong partnerships with universities and student chapters of diversity organizations, and selecting providers who align with our values of having a diverse workforce.
+Added: We have an enterprise-wide goal that 80% of position candidate slates include a minimum of 30% diverse candidates.
+Added: ATI’s employee-led IDEA (Inclusion, Diversity, Equity and Accessibility) Council, which originated within our Specialty Alloys & Components (SA&C) business, tracks best practices with regard to diversity and inclusion initiatives within our industry and the markets we serve and makes recommendations regarding these matters, both within SA&C and to the broader business.
+Added: We also offer employees the opportunity to join Employee Resource Groups (“ERG”).
+Added: These groups foster professional development, social connectivity, community involvement, and celebrate diversity throughout our company.
We recognize the benefits and importance of diversity amongst our board and management.
−Removed: Two of our nine current board members are women, and one member of our Board is an ethnic minority.
−Removed: Additionally, two of our seven Executive Council members are women, including our Chief Operating Officer and our Chief Human Resources Officer.
−Removed: We have adopted recruitment strategies to provide outreach and sourcing of diverse candidates.
−Removed: To support this objective, we have an enterprise-wide target for 80% of all job candidate slates to include a minimum of 30% diverse candidates.
+Added: Women make up 30% of our Board, and 20% are racially diverse, while more than 40% of the members of our Executive Council are women or minorities.
Governanc e :
Our Corporate Guidelines for Business Conduct and Ethics address employment and workplace safety laws, and also describe our commitment to equal opportunity and fair treatment of employees.
+Added: Health & Safety :
+Added: Safety is one of our core values.
+Added: We strive for a Zero Injury Culture committed to the safety of our people, our products, and the communities in which we operate.
+Added: Our 2022 OSHA Total Recordable Incident Rate was 1.22 per 200,000 hours and our Lost Time Case Rate was 0.38 per 200,000 hours, which we believe to be competitive with world-class performance for our industry.
+Added: Nearly 100% of our domestic employees are reporting to an ATI facility that has achieved their OSHAS 45001 certification.
+Added: We expect that the balance of our operations will be OSHAS 45001 certified by 2025.
+Added: Our Corporate Guidelines for Business Conduct and Ethics address employment and workplace safety laws and describe our commitment to equal opportunity and fair treatment of employees.
+Added: Development and Employee Engagement :
+Added: Developing talent and leaders at all levels of the organization and engaging our employees is critical to our long-term success.
+Added: We have early career, leadership and management development programs as well as broad learning opportunities for our employees to support their career growth and advance their skills.
+Added: We maintain a formal talent review process to work in connection with performance management for systematic career development and succession planning at both the individual employee and enterprise levels.
+Added: We engage in continuous listening by actively seeking opportunities for regular engagement and communication by our CEO and other senior executive leaders with our broader employee population.
+Added: Annually, we conduct a confidential company-wide employee engagement survey that offers our employees the ability to provide feedback and valuable insight to identify opportunities for improvement and support employee engagement and our overall human capital strategy.
+Added: Compensation and Benefits :
+Added: We provide market-based competitive compensation through our salary, annual incentive and long-term incentive programs and robust benefits packages that promote employee well-being across all aspects of their lives.
+Added: Eligible employees are compensated for their contributions to our goals with both short-term cash incentives and long-term equity-based incentives.
+Added: We believe the structure of our compensation packages provides the appropriate incentives to attract, retain and motivate our employees.
+Added: The Personnel and Compensation Committee is responsible for establishing and administering the policies governing annual compensation and long-term compensation to ensure the policies are designed to align compensation with our overall business strategy and performance to link to the interests of our stockholders.
Labor Relations and Collective Bargaining :
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On July 14, 2021, ATI announced that a new four-year labor agreement with the USW was ratified, ending the strike.
−Removed: The Company has CBAs with approximately 800 full-time employees that expire in 2022.
+Added: The Company has no significant CBAs that expire in 2023.
Available Information
−Removed: Our Internet website address is www.atimetals.com.
+Added: Our Internet website address is www.atimaterials.com.
Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as well as proxy and information statements and other information that we file, are available free of charge through our Internet website as soon as reasonably practicable after we electronically file such material with, or furnish such material to, the United States Securities and Exchange Commission (“SEC”).
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The SEC maintains an Internet website at www.sec.gov, which also contains reports, proxy and information statements and other information that we file electronically with the SEC.
+Added: We routinely post important information on our website, www.atimaterials.com, in the “Investors” section.
+Added: We also may use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD.
+Added: Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts.
+Added: The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.