Who Owns ATI Company?

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Who Owns ATI Inc.?

ATI Inc. was formed in 1996 from the merger of Allegheny Ludlum Corporation and Teledyne, Inc. This created a global producer of advanced specialty materials and complex components.

Headquartered in Dallas, Texas, ATI specializes in high-performance metals crucial for demanding industries. In fiscal year 2024, the company reported revenues nearing $4.4 billion, with its Aerospace & Defense segment being the primary driver, contributing over 62% of total sales.

Who owns ATI Inc.?

The entity known today as Allegheny Technologies Incorporated (ATI) was established on August 15, 1996, through a significant merger. This merger combined Allegheny Ludlum Corporation and Teledyne, Inc., creating a new powerhouse in the materials industry. It's important to note that this formation was a consolidation of existing public companies, not a startup with a small founding team.

Formation of ATI

Allegheny Technologies Incorporated (ATI) was officially formed on August 15, 1996. This occurred through a major merger between Allegheny Ludlum Corporation and Teledyne, Inc.

Allegheny Ludlum's Legacy

Allegheny Ludlum Corporation had a long history, tracing its origins back to 1901 as Allegheny Steel & Iron. It was a pioneer in electric furnace alloy manufacturing and the commercialization of stainless steel in the U.S.

Teledyne's Contribution

Teledyne, Inc., founded in 1960, was a dynamic conglomerate with significant operations in electronics and aerospace. Its integration brought advanced components and expertise to the newly formed ATI.

Pre-Merger Financials

Prior to the 1996 merger, Allegheny Ludlum reported annual revenues of approximately $1.8 billion. Teledyne's revenues were around $2.6 billion, showcasing the scale of the combined entities.

Combined Expertise

The merger united Allegheny Ludlum's deep expertise in specialty metals with Teledyne's advanced capabilities in electronics and aerospace. This synergy positioned ATI as a leader in materials science.

Distinguishing ATI Entities

It is crucial to differentiate this ATI (Allegheny Technologies Incorporated) from ATI Technologies Inc., a Canadian semiconductor company founded in 1985. The latter was acquired by AMD in 2006.

The formation of Allegheny Technologies Incorporated in 1996 was a strategic business combination rather than a startup originating from a small group of founders. The ownership structure of ATI was thus derived from the shareholders of the two pre-existing public companies, Allegheny Ludlum Corporation and Teledyne, Inc. This merger created a diversified entity with a strong foundation in both specialty metals and advanced technologies, influencing its future Target Market of ATI.

Key Aspects of ATI's Early Ownership

The early ownership of ATI was a direct result of the merger between two established corporations, each with its own shareholder base and history.

• The merger created a new corporate entity, Allegheny Technologies Incorporated, on August 15, 1996.
• Allegheny Ludlum Corporation, a predecessor, was incorporated in 1901.
• Teledyne, Inc., the other predecessor, was founded in 1960.
• The combined entity leveraged the strengths of both companies in specialty metals and advanced electronics/aerospace.
• Ownership was distributed among the shareholders of the merging entities at the time of the transaction.

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ATI Inc.'s ownership journey began with its formation in 1996 through a significant merger. As a publicly traded entity, its shareholder base is diverse, comprising institutional investors, mutual funds, and individual shareholders.

As of April 2025, institutional investors collectively held a dominant 95.83% of ATI's shares, representing 184,318,426 shares across 932 entities. Key institutional stakeholders include Capital International Investors, Vanguard Group Inc, BlackRock, Inc., IJR - iShares Core S&P Small-Cap ETF, Capital World Investors, AGTHX - GROWTH FUND OF AMERICA Class A, State Street Corp, Invesco Ltd., IJH - iShares Core S&P Mid-Cap ETF, and VTSMX - Vanguard Total Stock Market Index Fund Investor Shares. State Street Corp. alone accounts for 4.06% of these institutional holdings. While overall institutional ownership remained stable at 95.83% in April 2025, mutual funds saw a slight decrease in their holdings from 91.13% to 89.55% during the same period. The share price of ATI Inc. on July 25, 2025, was $94.99, marking a substantial 46.45% increase from $64.86 on July 29, 2024.

Major Shareholder Activity

Significant shifts in ownership are evident through SEC filings, reflecting dynamic investment strategies among major players.

• MILLENNIUM MANAGEMENT LLC increased its stake substantially in Q1 2025.
• BlackRock, Inc., FMR LLC, and Vanguard Group Inc. reduced their holdings in the same quarter.
• These adjustments highlight active portfolio management by large investment firms.
• ATI's strategic focus on high-performance materials, crucial for aerospace and defense, influences investor interest.

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As of July 2024, ATI Inc. is led by President and CEO Kimberly A. Fields, who transitioned from Chief Operating Officer. Robert S. Wetherbee, the former CEO, now serves as Executive Chairman of the Board, a position he has held since May 2021.

The governance of ATI Inc. is overseen by its Board of Directors, which includes both company executives and independent members. While specific shareholdings of board members are detailed in proxy statements, Kimberly A. Fields joined the board upon assuming her CEO role. The company operates under a standard one-share-one-vote system, with no public indication of preferential voting rights. Recent disclosures, as of June 2025, show insider trading activity, such as Robert S. Wetherbee selling 50,000 shares, which is part of regular SEC filings. The board's commitment is to act in the best interest of shareholders, advocating for their investment goals.

Board Oversight and Shareholder Value

The Board of Directors at ATI Inc. is instrumental in guiding the company's strategic path and ensuring robust corporate governance. Their decisions aim to maximize shareholder value and uphold investor interests.

• Ensuring compliance with regulatory requirements.
• Approving major corporate strategies and investments.
• Overseeing executive management performance.
• Representing the interests of all shareholders.

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Recent developments at ATI Inc. show a strong focus on shareholder returns and strategic growth, particularly within the aerospace and defense sectors. The company's financial performance in 2024, with sales reaching $4.4 billion, highlights a significant upward trend, supported by substantial new sales commitments extending through 2040.

ATI's commitment to enhancing shareholder value is evident through its aggressive share repurchase program. In 2024, the company bought back $260 million of its stock, and by Q2 2025, an additional $250 million was repurchased, bringing the year-to-date total to $320 million. This consistent capital return strategy, with over $800 million in buybacks since 2022, underscores confidence in the company's future performance and its Mission, Vision & Core Values of ATI.

Leadership Transition

Kimberly A. Fields assumed the role of President and CEO in July 2024. This leadership change is part of a strategy to drive accelerated growth and value creation.

Strategic Growth Investments

The company is investing in organic growth, including expanding titanium melt capacity. A new additive manufacturing products facility was commissioned in February 2025.

Market Focus and Sales Performance

Aerospace and defense sales represented 67% of total sales in Q2 2025, aligning with the company's goal of a 65% mix by year-end. This focus targets high-growth, high-margin sectors.

Ownership Trends

Institutional investors hold a significant majority, approximately 95.83%, of ATI's shares as of April 2025. This indicates strong institutional confidence and continued interest in the company's trajectory.

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