UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Delaware 1-12001 25-1792394
--------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1000 Six PPG Place, Pittsburgh, Pennsylvania 15222-5479
--------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (412) 394-2800
---------------------------
|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition
On October 12, 2005, Allegheny Technologies Incorporated issued a press release in which it announced that it expects its third quarter 2005 earnings to be in the range of $0.84 to $0.88 per share, including a $4 million favorable resolution of prior years' tax matters. The Thomson First Call mean of analyst estimates for ATI's third quarter is $0.76 per share and the analyst range is $0.68 to $0.83 per share. The Company also announced that it plans to release third quarter 2005 results on Wednesday, October 26, 2005, before the market opens, and has scheduled its conference call with investors and analysts for 1 p.m. ET on October 26. The conference call will be broadcast live on ATI's website, www.alleghenytechnologies.com. A copy of this press release is attached as Exhibit 99.1 and is being furnished, not filed, under Item 2.02 of this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 Press release dated October 12, 2005.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ALLEGHENY TECHNOLOGIES INCORPORATED
By: /s/ Richard J. Harshman
-------------------------------------
Richard J. Harshman
Executive Vice President, Finance and
Chief Financial Officer
Dated: October 12, 2005
|
Exhibit 99.1 Press Release dated October 12, 2005.
Exhibit 99.1
Allegheny Technologies to Exceed Third Quarter 2005 Analyst Estimates
PITTSBURGH--(BUSINESS WIRE)--Oct. 12, 2005--Allegheny Technologies Incorporated (NYSE:ATI) announced today that it expects its third quarter 2005 earnings to be in the range of $0.84 to $0.88 per share, including a $4 million favorable resolution of prior years' tax matters. The Thomson First Call mean of analyst estimates for ATI's third quarter is $0.76 per share and the analyst range is $0.68 to $0.83 per share.
"Markets for our high-value products remain strong and we benefited from our ongoing cost control and cost reduction efforts in the third quarter," said Pat Hassey, Chairman, President and Chief Executive Officer of Allegheny Technologies. "In addition, cash flow in the third quarter was strong. We expect cash flow from operating activities to be over $120 million in the third quarter."
ATI Announces Webcast for Third Quarter Conference Call
Allegheny Technologies plans to release third quarter 2005 results
on Wednesday, October 26, 2005, before the market opens. ATI has
scheduled its conference call with investors and analysts for 1 p.m.
ET on October 26. The conference call will be broadcast live on ATI's
website, www.alleghenytechnologies.com. To access the broadcast, go to
the home page and select "Conference Call". In addition, the
conference call will be broadcast through CCBN.com.
This news release contains forward-looking statements. These
statements are based on management's current expectations and are
subject to uncertainty and changes in circumstances. Actual results
may differ materially from those projected in the forward-looking
statements. Additional information concerning factors that could cause
actual results to differ materially from those projected in the
forward-looking statements is contained in Allegheny Technologies'
filings with the Securities and Exchange Commission.
Allegheny Technologies Incorporated is one of the largest and most
diversified specialty materials producers in the world with revenues
of approximately $2.7 billion in 2004. ATI has approximately 9,000
full-time employees world-wide who use innovative technologies to
offer growing global markets a wide range of specialty materials
solutions. Our major markets are aerospace, construction and mining,
chemical processing/oil & gas, food equipment and appliance,
automotive, electrical energy, machine and cutting tools, and medical.
Our products include nickel-based alloys and superalloys, titanium and
titanium alloys, stainless and specialty steels, zirconium, hafnium,
and niobium, tungsten materials, silicon and tool steels, and forgings
and castings. The Allegheny Technologies website is
www.alleghenytechnologies.com.
CONTACT: Allegheny Technologies Incorporated Dan L. Greenfield, 412-394-3004