Allegheny Technologies Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income attributable to ATI common stockholders was $1.4 million, or $0.01 per diluted share on sales of $697.6 million against net income attributable to ATI common stockholders of $144.1 million, or $1.45 per diluted share on sales of $1,392.4 million for the same period last year. Income before interest, other income and income taxes was $10.4 million against $232.3 million for the same period last year. Income before income tax provision was $2.6 million against $231.0 million for the same period last year. Net income was $4.0 million against $147.1 million for the same period last year. Results for the nine months ended September 30, 2009 are a net loss attributable to ATI common stockholders including special charges of $6.1 million, or $0.06 per diluted share, on sales of $2.24 billion against net income attributable to ATI common stockholders of $455.0 million, or $4.51 per diluted share on sales of $4.2 billion for the same period last year. Income before interest, other income and income taxes was $21.1 million against $705.8 million for the same period last year. Income before income tax provision was $2.9 million against $705.0 million for the same period last year. Net loss was $2.4 million against net income of $462.0 million for the same period last year. Cash provided by operating activities was $149.4 million against $344.6 million for the same period last year. Purchases of property, plant and equipment was $308.1 million against $365.1 million for the same period last year. Net debt was $244.3 million as on September 30, 2009 against $39.9 million as on December 31, 2008. The company provided earnings guidance for the fourth quarter of 2009. The company expects ATI's fourth quarter 2009 earnings performance to be similar to that achieved in the third quarter 2009. The company provided earnings guidance for the year 2010. The company expects operating earnings performance to improve throughout 2010 as compared to 2009.

Allegheny Technologies Inc. provided capital expenditure guidance for the full year 2009. The company now expect 2009 capital investments and asset acquisitions to be $475 million. This includes the Crucible asset acquisition.

Allegheny Technologies Inc., Q3 2009 Earnings Call, Oct 21 2009