What Happened
Strong Demand Drives Upside in Aerospace and Defense
ATI Inc. has seen its shares rally 27.6% over the past three months, driven by strong demand across its core market segments, particularly aerospace and defense. The company’s record backlog of $4.4 billion provides strong revenue visibility, and its investments in capacity expansion and operational improvements are expected to drive further growth. ATI’s profitability has also improved sharply, with adjusted EBITDA rising 37% year over year. This article was originally published on Zacks Investment Research.