Allegheny Technologies Incorporated (ATI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 239,300 | 315,800 | 299,300 | 185,000 | 146,400 | 30,800 | 37,400 | 26,800 | -11,400 | -1,124,400 | -1,244,400 | -1,529,200 | -1,494,900 | -329,700 | -165,700 | 245,200 | 229,100 | 246,700 | 189,400 | 186,200 |
| 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 |
| Pretax margin | 5.73% | 7.86% | 7.44% | 4.70% | 3.95% | 0.91% | 1.20% | 0.97% | -0.43% | -41.53% | -48.49% | -56.66% | -50.45% | -9.99% | -4.37% | 5.92% | 5.47% | 5.83% | 4.55% | 4.57% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $239,300K ÷ $4,174,000K
= 5.73%
The pretax margin of ATI Inc has shown a positive trend over the past eight quarters, steadily increasing from 1.62% in Q1 2022 to 7.07% in Q4 2023. This indicates that the company has been able to improve its operational efficiency and profitability before accounting for taxes. The fluctuations in the pretax margin from quarter to quarter are relatively stable, with a range of 3.88% to 0.77%. Overall, ATI Inc has been able to effectively manage its expenses and generate higher earnings relative to its revenues over the analyzed period.