ATI Announces Second Quarter 2018 Results
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allegheny Technologies Incorporated and Subsidiaries
|
|
Computation of Basic and Diluted Earnings Per Share Attributable
to ATI
|
|
(Unaudited, in millions, except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
Six Months Ended
|
|
|
|
|
June 30
|
|
March 31
|
|
June 30
|
|
|
June 30
|
|
June 30
|
|
|
|
|
2018
|
|
2018
|
|
2017
|
|
|
2018
|
|
2017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator for Basic net income per common share -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to ATI
|
|
$
|
72.8
|
|
$
|
58.0
|
|
$
|
10.1
|
|
|
$
|
130.8
|
|
$
|
27.6
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.75% Convertible Senior Notes due 2022
|
|
|
3.2
|
|
|
3.2
|
|
|
1.8
|
|
|
|
6.4
|
|
|
4.8
|
|
Numerator for Diluted net income per common share -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to ATI after assumed conversions
|
|
$
|
76.0
|
|
$
|
61.2
|
|
$
|
11.9
|
|
|
$
|
137.2
|
|
$
|
32.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for Basic net income per common share -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding
|
|
|
125.2
|
|
|
125.0
|
|
|
107.7
|
|
|
|
125.1
|
|
|
107.6
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based compensation
|
|
|
0.7
|
|
|
0.6
|
|
|
0.7
|
|
|
|
0.6
|
|
|
0.8
|
|
|
4.75% Convertible Senior Notes due 2022
|
|
|
19.9
|
|
|
19.9
|
|
|
19.9
|
|
|
|
19.9
|
|
|
19.9
|
|
Denominator for Diluted net income per common share -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted weighted average shares assuming conversions
|
|
|
145.8
|
|
|
145.5
|
|
|
128.3
|
|
|
|
145.6
|
|
|
128.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic net income attributable to ATI per common share
|
|
$
|
0.58
|
|
$
|
0.46
|
|
$
|
0.09
|
|
|
$
|
1.05
|
|
$
|
0.26
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net income attributable to ATI per common share
|
|
$
|
0.52
|
|
$
|
0.42
|
|
$
|
0.09
|
|
|
$
|
0.94
|
|
$
|
0.25
|
