Energy, aerospace demand boost ATI's profit

Oct 26, 2005 | 08:53 AM |

Driven by strong demand for its more specialized products, Allegheny Technologies Inc. (ATI), Pittsburgh, logged a tenfold increase in third-quarter net income to $88.3 million despite weaker demand for traditional flat-rolled products.

ALLEGHENY TECHNOLOGIES INC.(in thousands except per share) 200520043rd qtr. ended Sept. 30Net sales$861,700$730,600Net income$88,300$8,600Per share0.870.099 months ended Sept. 30Net sales$2,645,500$1,954,900Net income (loss)$241,000-$15,200Per share2.40-The stainless and specialty steel producer posted sales of $861.7 million, up 17.9 percent from the same period last year.....

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