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1000 Six Ppg Place

Pittsburgh, PA 15222-5479

USA

Phone	412.394.2800
Fax	412.394.3034

Company Information

Company Information
Industry	Construction Machinery/Supplies/Materials

# of Employees	9500

Ownership	Public Company

SIC Code	3316

Company Security Requirements	1. Very High

Company Storage Requirements	1. Very High

Fortune 1000 Rank	455

Description

Allegheny Technologies Incorporated (ATI) is a diversified producer of specialty materials. The Company operates in three business segments: flat-rolled products, high-performance metals and industrial products. The flat-rolled products segment produces, converts and distributes stainless steel, nickel-based alloys and super-alloys and titanium and titanium-based alloys. The high-performance metals segment produces, converts and distributes nickel- and cobalt-based alloys and super-alloys, titanium and titanium-based alloys, zirconium, hafnium, niobium, tantalum, their related alloys and other specialty materials. The industrial products segment's principal business produces tungsten powder, tungsten carbide materials and carbide cutting tools. This segment also produces large grey and ductile iron castings and carbon alloy steel forgings.

Top Executives

Executive Name	Title
Dalton, Hunter	(Designee)President Of Ati Allvac
Dunlap, Terry	VP, Procurement, Information Technology And CIO
Harshman, Richard	Chief Financial Officer, Executive Vice President - Finance
Hassey, L Patrick	Chairman, President And Chief Executive Officer
Hassey, Patrick	Chairman Of The Board, President, Chief Executive Officer
Reid, Dale	Vice President, Chief Accounting Officer, Controller, Treasurer
Shilling, Jack	Executive Vice President, Corporate Development And Chief Technical Officer
Walton, Jon	EVP - Human Resources, Chief Legal And Compliance Officer, General Counsel,
Williams, Thomas	President Of Ati Allvac

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Recent Company Events

Date	Type of Event	Details
2008-02-14	Contract/Agreements	PITTSBURGH--(BUSINESS WIRE)--Allegheny Technologies Incorporated (NYSE:ATI) announced today that it has reached an agreement with Gulf Petrochemical Industries, Co. (GPIC) to supply ATI OmegaBond advanced tubing for GPICs fertilizer production complex in the Kingdom of Bahrain. GPIC is the first company to adopt the OmegaBond technology for a full-scale plant application. GPIC produces urea, one of the most important nitrogenous fertilizers, commonly used throughout the world for the production of food and biofuels. Urea is stable, safe, and easy to transport. GPIC selected ATIs new OmegaBond advanced tubing for use in its urea stripper. A stripper is a high temperature, high pressure vertical falling-film heat exchanger. ATI Wah Chang developed an OmegaBond tube design using Zircadyne 702 alloy and Titanium Grade 3 alloy specifically for the stripper in Snamprogetti-licensed urea plants. ATI Wah Chang, an ATI company, will begin supplying OmegaBond advanced tubing to GPIC in early 2008. GPICs urea stripper is expected to be in operation in the second half of 2009. GPIC chose OmegaBond advanced tubing because of its reduced operating costs (energy savings), reduced down time, and extended equipment life. OmegaBond technology is a product platform that enables the use of dissimilar metals in the same tube or pipe by use of advanced materials joining technologies, such as extrusion bonding or inertia welding. These joining technologies allow the optimization of material properties where they are specifically needed in a process component. Snamprogetti, S.p.A., based in Milan, Italy, is a company of Saipem. ATI Wah Chang and Snamprogetti are collaborating to commercialize new materials solutions for Snamprogetti-licensed urea plants. OmegaBond products are designed to increase urea plant efficiencies, reduce plant maintenance costs, improve plant operating costs, and eliminate corrosion and erosion problems. ATI Wah Chang is a world leader in the manufacture of specialty metals including titanium, zirconium, niobium, and hafnium alloys in a variety of flat-rolled and long product forms. The company also produces cast and engineered parts as well as specialty chemicals. ATI Wah Chang provides customers in the chemical processing, nuclear electrical energy, aerospace, and medical markets with the alloys, technical assistance, and laboratory services necessary to support current and future industry needs. For further information, go to www.WahChang.com. Snamprogetti S.p.A. is a company of Saipem. Saipem, 43% owned by Eni, is organised in three Business Units: Offshore, Onshore and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and the execution of large scale offshore and onshore projects, and technological competences such as gas monetisation and heavy oil exploitation. The Saipem website is www.saipem.eni.it. Gulf Petrochemical Industries Company (GPIC) was established in December 1979 as a joint venture between GCC member states for the manufacture of fertilisers and petrochemicals. The joint venture is equally owned by the Government of the Kingdom of Bahrain, Saudi Basic Industries Corporation, Kingdom of Saudi Arabia and Petrochemical Industries Company, Kuwait. GPIC operates a petrochemical complex comprising of single stream Ammonia & Methanol Plants each of capacity 1200 MTPD and a single stream Urea Plant (Granulation route) of design capacity 1700 MTPD with associated utilities, off-site and material handling plants. The Ammonia and Methanol Plants are in operation since 1985 while the Urea Plant was commissioned in January 1998 and is in operation since then. The company's activities include natural gas purchases, employment and training of Bahraini nationals, utilisation of local
2008-01-23	Earnings/Dividends	PITTSBURGH--(BUSINESS WIRE)--Allegheny Technologies Incorporated (NYSE:ATI): Full Year 2007 Results -- Sales increased 10.5% to a record $5.45 billion -- Net income increased 30% to a record $747.1 million,or $7.26 per share -- Segment operating profit increased 19% to $1.27 billion,or 23.2% of sales -- Return on capital employed of 31.2% -- Return on stockholders' equity of 40.1% -- Gross cost reductions of $111.6 million -- Cash provided by operating activities of $709.8 million -- Capital expenditures of $447.4 million -- Voluntary contribution to U.S. defined benefit pension planof $100 million -- Common stock dividend increased for third consecutive year -- $500 million share repurchase program authorized in November 2007 -- $61 million of shares repurchased in fourth quarter -- Cash on hand increased $121 million to $623 million from year end 2006 Fourth Quarter 2007 Results -- Sales of $1.27 billion -- Net income of $148.9 million, or $1.45 per share -- Segment operating profit of $244.4 million, or 19.2% of sales Allegheny Technologies Incorporated (NYSE:ATI) reported net income for the full year 2007 of $747.1 million, or $7.26 per share, on sales of $5.45 billion. Net income for the full year 2006 was $574.1 million, or $5.61 per share, on sales of $4.94 billion. Net income in the fourth quarter 2007 was $148.9 million, or $1.45 per share, on sales of $1.27 billion. In the fourth quarter 2006, ATI reported net income of $163.1 million, or $1.59 per share, on sales of $1.40 billion. In 2007, we strengthened our position in key global growth markets, launched new production facilities, and solidified our balance sheet while achieving record sales and profits, said L. Patrick Hassey, Chairman, President and Chief Executive Officer. Sales increased over 10% to almost $5.5 billion, net income and earnings per share increased 30% to $747 million and $7.26, respectively, and segment operating profit was over 23% of sales. Direct international sales in 2007 were nearly $1.5 billion, a record, or approximately 27% of sales. Cash flow was strong in 2007. Cash on hand at the end of the year was $623 million, an increase of $121 million over 2006. This is after investing $447 million in capital expenditures and making a $100 million voluntary pension contribution. We also repurchased 674,800 shares of ATI stock for approximately $61 million since mid-November 2007. At the end of 2007, ATI had more cash than debt. Other important financial metrics were also strong in 2007. Return on capital employed was 31% and return on stockholders equity was 40%. Compared to 2006, shipments of our High Performance Metals segment titanium alloys, nickel-based alloys and specialty alloys, and exotic alloys grew 12%, 4%, and 20%, respectively. These products benefited from strong demand from global markets and our ongoing strategic capital projects. In our Flat-Rolled Products segment, shipments of titanium and ATI-produced Uniti titanium products grew nearly 25% to approximately 10.4 million pounds, and shipments of our grain-oriented silicon electrical steel grew 5%, both compared to 2006. As expected, the fourth quarter 2007 turned out to be a difficult quarter for our standard grade stainless sheet shipments, primarily due to U.S. and European service center customers destocking actions. Shipments of these products were only about 66,400 tons, which is well below our target needed to operate efficiently. In addition, operating profit in our Engineered Products segment was not acceptable. In particular, our tungsten products business was negatively impacted by start-up costs at the APT (ammonium paratungstate) plant. Our major capital projects for titanium sponge production, melting, rolling and finishing are on track. At this point, we expect 2008 capital expenditures to be in the range of $450 to $500 million; all are expected to be self-f

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