Allegheny Technologies Incorporated (ATI)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 466,400 | 466,800 | 454,800 | 322,900 | 287,300 | 245,800 | 162,500 | 162,800 | 117,600 | -1,037,700 | -1,077,200 | -1,339,300 | -1,302,700 | -115,900 | -11,800 | 371,600 | 366,300 | 342,300 | 342,700 | 343,700 |
| Revenue (ttm) | US$ in thousands | 4,174,000 | 4,019,000 | 4,025,400 | 3,938,900 | 3,710,300 | 3,397,000 | 3,104,400 | 2,761,100 | 2,645,000 | 2,707,600 | 2,566,200 | 2,698,800 | 2,963,100 | 3,301,800 | 3,790,600 | 4,143,700 | 4,190,500 | 4,231,400 | 4,164,800 | 4,072,400 |
| Operating profit margin | 11.17% | 11.61% | 11.30% | 8.20% | 7.74% | 7.24% | 5.23% | 5.90% | 4.45% | -38.33% | -41.98% | -49.63% | -43.96% | -3.51% | -0.31% | 8.97% | 8.74% | 8.09% | 8.23% | 8.44% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $466,400K ÷ $4,174,000K
= 11.17%
The operating profit margin of ATI Inc has shown a generally positive trend over the past eight quarters, increasing from 5.74% in Q1 2022 to 11.37% in Q4 2023. This indicates that the company has been able to improve its efficiency in generating profits from its core operations. The consecutive quarters of improvement suggest effective cost management and potentially increasing revenues.
There was a significant jump in operating profit margin from Q2 2022 to Q3 2022, indicating a notable improvement in profitability during that period. Subsequently, the margins have continued to exhibit stability or minor fluctuations around the 11% range.
Overall, the trend in operating profit margin reflects positively on ATI Inc's operational performance and ability to maintain or enhance profitability over the quarters under consideration. It suggests that the company has been effectively managing its operating expenses or increasing its revenue streams, resulting in improved profitability relative to its operating revenues.