Allegheny Technologies Incorporated (ATI)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 486,100 | 319,200 | 288,800 | 260,700 | 266,300 | 536,200 | 519,100 | 405,400 | 354,600 | 47,300 | 57,100 | 47,600 | 10,600 | -1,102,900 | -1,226,300 | -1,513,200 | -1,481,900 | -317,900 | -152,700 | 258,900 |
| Revenue (ttm) | US$ in thousands | 4,362,100 | 5,111,700 | 5,917,100 | 5,867,800 | 5,863,000 | 4,951,100 | 4,126,500 | 4,040,000 | 3,836,000 | 3,591,000 | 3,284,700 | 2,941,400 | 2,799,800 | 2,692,700 | 2,565,000 | 2,719,100 | 2,982,100 | 3,342,400 | 3,763,100 | 4,073,200 |
| Pretax margin | 11.14% | 6.24% | 4.88% | 4.44% | 4.54% | 10.83% | 12.58% | 10.03% | 9.24% | 1.32% | 1.74% | 1.62% | 0.38% | -40.96% | -47.81% | -55.65% | -49.69% | -9.51% | -4.06% | 6.36% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $486,100K ÷ $4,362,100K
= 11.14%
The pretax margin of Allegheny Technologies Incorporated has shown significant fluctuations over the past few years. In the first quarter of 2020, the pretax margin stood at 6.36%, indicating a moderate level of profitability before taxes. Subsequently, there was a sharp decline in the pretax margin, dropping to negative figures in the following quarters, reaching a low of -55.65% in the first quarter of 2021.
However, there has been a noticeable improvement in the company's pretax margin since then. From the second quarter of 2022 onwards, the pretax margin has been consistently positive, with gradual increases recorded in each subsequent quarter. By the end of 2024, the pretax margin had risen to 11.14%, indicating a significant recovery in profitability before taxes compared to the lows experienced earlier.
Overall, the trend in Allegheny Technologies Incorporated's pretax margin reflects a period of volatility and financial challenges followed by a more stable and improved financial performance in recent quarters. This positive turnaround suggests potential improvements in the company's operational efficiency and cost management strategies.