Allegheny Income Statement Research

ATI Stock

USD 51.09 0.55 1.07%

Most accounts from Allegheny Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Allegheny Technologies current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Allegheny Technologies Valuation and Allegheny Technologies Correlation analysis.

As of now, Allegheny Technologies' Income Before Tax is decreasing as compared to previous years. The Allegheny Technologies' current Net Income is estimated to increase to about 431.3 M, while Interest Expense is projected to decrease to under 67.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	333.2M	714.2M	802.6M	460.2M
Total Revenue	2.8B	3.8B	7.5B	4.1B

Gross Profit Total Revenue

Allegheny Technologies income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Minority Interest	Net Income From Continuing Ops	Non Operating Income Net Other	Selling And Marketing Expenses	Discontinued Operations	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.36	-0.22	0.02	-0.19	0.06	-0.26	-0.29	-0.05	0.08	-0.22	-0.02	0.17	0.04	-0.2	0.19	0.0	0.09	0.11	0.05	0.01	0.09	-0.25	0.19	-0.09	0.17
Interest Expense	0.36		-0.48	-0.11	-0.5	-0.05	-0.43	-0.38	-0.3	0.01	-0.73	-0.37	-0.21	-0.32	-0.45	-0.02	0.21	-0.21	-0.01	-0.61	-0.65	0.33	-0.25	0.2	-0.05	0.11
Selling General Administrative	-0.22	-0.48		0.43	0.42	0.43	0.15	0.25	0.24	0.38	0.79	0.43	0.49	0.39	0.25	0.23	0.28	0.34	0.11	0.76	0.68	-0.32	-0.26	0.08	-0.58	0.48
Total Revenue	0.02	-0.11	0.43		0.57	0.99	0.5	0.56	0.48	0.98	0.39	0.5	0.35	0.53	-0.19	0.59	-0.19	0.51	0.21	0.32	0.2	-0.11	0.09	-0.55	0.2	-0.07
Gross Profit	-0.19	-0.5	0.42	0.57		0.44	0.83	0.87	0.94	0.39	0.76	0.71	0.42	0.58	0.51	0.46	-0.22	0.58	0.16	0.6	0.39	-0.41	0.37	-0.24	0.21	-0.05
Other Operating Expenses	0.06	-0.05	0.43	0.99	0.44		0.37	0.43	0.34	1.0	0.32	0.42	0.31	0.47	-0.28	0.56	-0.14	0.45	0.2	0.27	0.19	-0.05	0.01	-0.53	0.14	-0.02
Operating Income	-0.26	-0.43	0.15	0.5	0.83	0.37		0.94	0.86	0.34	0.43	0.7	0.35	0.61	0.37	0.49	-0.39	0.61	0.06	0.3	0.19	-0.51	0.65	-0.49	0.46	-0.42
Ebit	-0.29	-0.38	0.25	0.56	0.87	0.43	0.94		0.88	0.39	0.48	0.76	0.4	0.67	0.25	0.5	-0.38	0.68	0.12	0.33	0.16	-0.37	0.47	-0.52	0.42	-0.41
Ebitda	-0.05	-0.3	0.24	0.48	0.94	0.34	0.86	0.88		0.3	0.58	0.75	0.48	0.62	0.5	0.57	-0.2	0.66	0.21	0.5	0.3	-0.51	0.4	-0.14	0.23	-0.06
Cost Of Revenue	0.08	0.01	0.38	0.98	0.39	1.0	0.34	0.39	0.3		0.26	0.38	0.28	0.44	-0.32	0.55	-0.14	0.42	0.2	0.21	0.14	-0.02	0.01	-0.53	0.16	-0.03
Total Operating Expenses	-0.22	-0.73	0.79	0.39	0.76	0.32	0.43	0.48	0.58	0.26		0.56	0.47	0.44	0.58	0.21	0.02	0.4	0.11	0.88	0.74	-0.37	-0.01	0.07	-0.29	0.34
Income Before Tax	-0.02	-0.37	0.43	0.5	0.71	0.42	0.7	0.76	0.75	0.38	0.56		0.9	0.97	0.1	0.49	-0.35	0.98	0.22	0.46	0.31	-0.5	0.04	-0.25	0.06	-0.06
Total Other Income Expense Net	0.17	-0.21	0.49	0.35	0.42	0.31	0.35	0.4	0.48	0.28	0.47	0.9		0.91	-0.02	0.37	-0.17	0.92	0.25	0.45	0.33	-0.47	-0.28	0.03	-0.26	0.25
Net Income	0.04	-0.32	0.39	0.53	0.58	0.47	0.61	0.67	0.62	0.44	0.44	0.97	0.91		-0.1	0.46	-0.37	0.99	0.25	0.37	0.27	-0.45	-0.03	-0.32	0.07	-0.09
Income Tax Expense	-0.2	-0.45	0.25	-0.19	0.51	-0.28	0.37	0.25	0.5	-0.32	0.58	0.1	-0.02	-0.1		0.08	0.16	-0.08	-0.13	0.6	0.55	-0.43	0.41	0.44	-0.22	0.32
Research Development	0.19	-0.02	0.23	0.59	0.46	0.56	0.49	0.5	0.57	0.55	0.21	0.49	0.37	0.46	0.08		-0.03	0.5	0.35	0.33	0.24	-0.33	0.18	-0.22	0.18	0.02
Minority Interest	0.0	0.21	0.28	-0.19	-0.22	-0.14	-0.39	-0.38	-0.2	-0.14	0.02	-0.35	-0.17	-0.37	0.16	-0.03		-0.35	0.52	0.16	0.19	-0.35	-0.38	0.66	-0.66	0.7
Net Income From Continuing Ops	0.09	-0.21	0.34	0.51	0.58	0.45	0.61	0.68	0.66	0.42	0.4	0.98	0.92	0.99	-0.08	0.5	-0.35		0.27	0.34	0.19	-0.44	-0.05	-0.28	0.08	-0.08
Non Operating Income Net Other	0.11	-0.01	0.11	0.21	0.16	0.2	0.06	0.12	0.21	0.2	0.11	0.22	0.25	0.25	-0.13	0.35	0.52	0.27		0.14	0.08	-0.43	-0.38	0.14	-0.06	0.26
Selling And Marketing Expenses	0.05	-0.61	0.76	0.32	0.6	0.27	0.3	0.33	0.5	0.21	0.88	0.46	0.45	0.37	0.6	0.33	0.16	0.34	0.14		0.93	-0.46	-0.08	0.23	-0.47	0.44
Discontinued Operations	0.01	-0.65	0.68	0.2	0.39	0.19	0.19	0.16	0.3	0.14	0.74	0.31	0.33	0.27	0.55	0.24	0.19	0.19	0.08	0.93		-0.49	0.0	0.26	-0.5	0.44
Non Recurring	0.09	0.33	-0.32	-0.11	-0.41	-0.05	-0.51	-0.37	-0.51	-0.02	-0.37	-0.5	-0.47	-0.45	-0.43	-0.33	-0.35	-0.44	-0.43	-0.46	-0.49		-0.15	-0.26	0.26	-0.3
Tax Provision	-0.25	-0.25	-0.26	0.09	0.37	0.01	0.65	0.47	0.4	0.01	-0.01	0.04	-0.28	-0.03	0.41	0.18	-0.38	-0.05	-0.38	-0.08	0.0	-0.15		-0.38	0.55	-0.5
Interest Income	0.19	0.2	0.08	-0.55	-0.24	-0.53	-0.49	-0.52	-0.14	-0.53	0.07	-0.25	0.03	-0.32	0.44	-0.22	0.66	-0.28	0.14	0.23	0.26	-0.26	-0.38		-0.74	0.83
Net Interest Income	-0.09	-0.05	-0.58	0.2	0.21	0.14	0.46	0.42	0.23	0.16	-0.29	0.06	-0.26	0.07	-0.22	0.18	-0.66	0.08	-0.06	-0.47	-0.5	0.26	0.55	-0.74		-0.83
Reconciled Depreciation	0.17	0.11	0.48	-0.07	-0.05	-0.02	-0.42	-0.41	-0.06	-0.03	0.34	-0.06	0.25	-0.09	0.32	0.02	0.7	-0.08	0.26	0.44	0.44	-0.3	-0.5	0.83	-0.83

Click cells to compare fundamentals

Allegheny Technologies Account Relationship Matchups

Allegheny Technologies income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	99M	94.4M	96.9M	87.4M	92.8M	67.3M
Total Revenue	4.1B	3.0B	2.8B	3.8B	7.5B	4.1B
Gross Profit	637.8M	292.8M	333.2M	714.2M	802.6M	460.2M
Operating Income	366.1M	28.5M	161.7M	287.3M	466.4M	489.7M
Ebit	366.1M	28.5M	161.7M	287.3M	466.4M	489.7M
Ebitda	517.8M	171.8M	305.6M	521.7M	466.4M	325.5M
Cost Of Revenue	3.5B	2.7B	2.5B	3.1B	6.7B	3.5B
Income Before Tax	241.6M	(1.5B)	10.6M	162M	295.2M	310.0M
Net Income	257.6M	(1.6B)	(16.2M)	130.9M	410.8M	431.3M
Income Tax Expense	(28.5M)	77.7M	26.8M	15.5M	(128.2M)	(121.8M)
Research Development	17.8M	14.1M	16.5M	16.3M	20.7M	16.9M
Minority Interest	12.5M	13M	(22M)	(15.6M)	(13.4M)	(12.7M)
Tax Provision	(28.5M)	77.7M	26.8M	15.5M	17.1M	18.0M
Interest Income	109.7M	94.4M	96.9M	87.4M	13M	12.4M
Net Interest Income	(99M)	(94.4M)	(96.9M)	(87.4M)	(84.6M)	(88.8M)

Pair Trading with Allegheny Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allegheny Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allegheny Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Allegheny Stock

0.71	WS	Worthington Steel	Pair Corr
0.91	ESAB	ESAB Corp Financial Report 7th of May 2024	Pair Corr

Moving against Allegheny Stock

0.51	PRLB	Proto Labs Financial Report 3rd of May 2024	Pair Corr
0.48	AP	Ampco Pittsburgh	Pair Corr

The ability to find closely correlated positions to Allegheny Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegheny Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allegheny Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allegheny Technologies Incorporated to buy it.

The correlation of Allegheny Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allegheny Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegheny Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Allegheny Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:

How To Invest In Allegheny

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Is Allegheny Stock a good investment?

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What is Allegheny Technologies' Net Worth?

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Check out Allegheny Technologies Valuation and Allegheny Technologies Correlation analysis.

You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

Complementary Tools for Allegheny Stock analysis

When running Allegheny Technologies' price analysis, check to measure Allegheny Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allegheny Technologies is operating at the current time. Most of Allegheny Technologies' value examination focuses on studying past and present price action to predict the probability of Allegheny Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegheny Technologies' price. Additionally, you may evaluate how the addition of Allegheny Technologies to your portfolios can decrease your overall portfolio volatility.

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Is Allegheny Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegheny Technologies. If investors know Allegheny will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegheny Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.32)

Earnings Share

2.81

Revenue Per Share

32.582

Quarterly Revenue Growth

0.053

Return On Assets

0.0537

The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Allegheny Income Statement Research

Allegheny Technologies income statement Correlations

Allegheny Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Allegheny Technologies income statement Accounts

Pair Trading with Allegheny Technologies

Moving together with Allegheny Stock

Moving against Allegheny Stock

Complementary Tools for Allegheny Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cost Of Revenue	+ 1.0	Other Operating Expenses
Other Operating Expenses	+ 0.99	Total Revenue
Net Income From Continuing Ops	+ 0.99	Net Income
Cost Of Revenue	+ 0.98	Total Revenue
Net Income From Continuing Ops	+ 0.98	Income Before Tax
Net Income	+ 0.97	Income Before Tax

Reconciled Depreciation	- 0.83	Net Interest Income
Net Interest Income	- 0.74	Interest Income
Total Operating Expenses	- 0.73	Interest Expense
Net Interest Income	- 0.66	Minority Interest
Discontinued Operations	- 0.65	Interest Expense
Selling And Marketing Expenses	- 0.61	Interest Expense