ATI (ATI) risk factors, FY2024 10-K

ATI's FY2024 10-K, filed Feb 21, 2025, lists 29 risk factors in 6 groups. There is no earlier 10-K to compare against, so the most company-specific risks are listed below.

Open ATI in Gloom →
ATI's chart, financials and news, free in your browser.Open ATI in Gloom →
Risk factors listed
296 groups
Section length
7k wordsItem 1A

ATI's biggest risks in the FY2024 10-K

  • Commercial aerospace demand and stringent customer specifications are major business risks.
  • AA&S exposure spans cyclical oil and gas, automotive, appliance, construction and mining markets.
  • Manufacturing depends on volatile critical materials, supplies, energy, skilled labor and complex processes.

The risks most specific to ATI

  • RISKS RELATED TO CYCLICAL NATURE OF OUR BUSINESS

    Risks Associated with the Commercial Aerospace Industry

    Commercial aerospace customers impose exacting product specifications and delivery requirements, creating risks if ATI cannot perform cost-effectively and on time.

  • RISKS RELATED TO CYCLICAL NATURE OF OUR BUSINESS

    Risks Associated with Cyclicality in General Industrial Markets

    ATI’s AA&S segment depends on cyclical oil and gas, automotive, food equipment, appliance, construction and mining markets.

  • RISKS RELATED TO CYCLICAL NATURE OF OUR BUSINESS

    Risks Associated with Key Customers

    Long-term customer contracts may be renewed, renegotiated or repriced, while deteriorating key relationships could reduce business.

  • RISKS RELATED TO THE RAW MATERIALS AND SUPPLIES THAT WE USE

    Dependence on Critical Raw Materials Subject to Price and Availability Fluctuations

    Critical raw materials from limited suppliers, including nickel, zirconium, niobium, chromium, hafnium, cobalt, vanadium and titanium, face price and availability volatility.

  • RISKS RELATED TO THE RAW MATERIALS AND SUPPLIES THAT WE USE

    Dependence on Critical Supplies Subject to Price and Availability Fluctuations

    Graphite electrodes and industrial gases such as helium and argon are critical supplies with volatile pricing and availability.

  • OTHER OPERATIONAL AND STRATEGIC RISKS

    Risks Associated with Disruptions to our Manufacturing Processes

    Equipment failures, protocol errors, supply interruptions, disasters, pandemics or labor unrest could disrupt ATI’s complex manufacturing processes.

  • OTHER OPERATIONAL AND STRATEGIC RISKS

    Export Sales and International Trade Matters

    Significant export revenue and imported metals expose ATI to international trade restrictions and disruptions involving essential raw materials.

  • OTHER OPERATIONAL AND STRATEGIC RISKS

    Risks Associated with Strategic Capital Projects and Maintenance Activities

    Strategic facility expansion and upgrades may fail to deliver expected revenue or acceptable returns.

  • OTHER OPERATIONAL AND STRATEGIC RISKS

    Risks Associated with Government Contracts

    Government contract work creates compliance, audit, investigation and claims risks involving U.S. Government contracting requirements.

  • OTHER OPERATIONAL AND STRATEGIC RISKS

    Risks Associated with Indebtedness

    Approximately $1.9 billion of consolidated indebtedness could constrain ATI’s business and ability to meet debt obligations.

All 29 risk factors

Headings as the filing states them, in filing order.

RISKS RELATED TO CYCLICAL NATURE OF OUR BUSINESS

  1. 01Cyclical Demand for Products
  2. 02Risks Associated with the Commercial Aerospace Industry
  3. 03Risks Associated with Cyclicality in General Industrial Markets
  4. 04Risks Associated with Key Customers

RISKS RELATED TO THE RAW MATERIALS AND SUPPLIES THAT WE USE

  1. 05Dependence on Critical Raw Materials Subject to Price and Availability Fluctuations
  2. 06Dependence on Critical Supplies Subject to Price and Availability Fluctuations
  3. 07Availability of Energy Resources
  4. 08The ongoing conflict between Russia and Ukraine may adversely affect our business and results of operations

RISKS RELATED TO OUR WORKFORCE

  1. 09Risks Associated with the Recruitment and Retention of Key Talent and the Sustainability of our Workforce

RISKS RELATED TO INTELLECTUAL PROPERTY, INFORMATION TECHNOLOGY AND SECURITY

  1. 10Risks Associated with our Intellectual Property
  2. 11Risks Associated with Digital Technology

RISK RELATED TO CLIMATE CHANGE AND OTHER ENVIRONMENTAL MATTERS

  1. 12Risks Associated with Climate Change
  2. 13Regulatory and Other Transition Risks
  3. 14Market and Reputational Risks
  4. 15Risks Associated with Other Environmental Compliance Matters

OTHER OPERATIONAL AND STRATEGIC RISKS

  1. 16Risks Associated with Disruptions to our Manufacturing Processes
  2. 17Export Sales and International Trade Matters
  3. 18Risks Associated with Strategic Capital Projects and Maintenance Activities
  4. 19Risks Associated with Current or Future Litigation and Claims
  5. 20Risks Associated with Insurance Coverage
  6. 21Risks Associated with Acquisition and Disposition Strategies
  7. 22Risks Associated with Government Contracts
  8. 23Risks Related to Wide-Spread Public Health Crises
  9. 24Political and Social Turmoil
  10. 25Risks Associated with Indebtedness
  11. 26Risks Associated with Retirement Benefits
  12. 27Goodwill or Long-Lived Asset Impairments
  13. 28Internal Controls Over Financial Reporting
  14. 29Risks Associated with Our Guidance and Other Targets and Expectations

Other ATI 10-Ks

  • FY2025 10-K risk factors
    31 risks2 new8 reworded

    New risks address product-price pressure from competition, inflation, raw materials, and trade actions, plus sophisticated cyberattacks against ATI and service providers.

    Filed Feb 20, 2026

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.