Allegheny Technologies Incorporated and Subsidiaries
Non-GAAP
Financial Measures
(Unaudited, dollars in millions, except
per share amounts)
The Company reports its financial results in accordance with accounting principles generally accepted in the United States of America ("GAAP"). However, management believes that certain non-GAAP financial measures, used in managing the business, may provide users of this financial information with additional meaningful comparisons between current results and results in prior periods. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company's reported results prepared in accordance with GAAP. The following table provides the calculation of the non-GAAP financial measures discussed in the Company's press release dated July 24, 2018:
| Three Months Ended | ||||||||
| March 31, 2018 | ||||||||
| Net income attributable to ATI | $ | 58.0 | ||||||
| Adjust for special items: | ||||||||
| Gain on joint venture deconsolidation, net of tax (a) | (14.7 | ) | ||||||
| Net income attributable to ATI excluding special items | $ | 43.3 | ||||||
| Per Diluted Share * | ||||||||
| Net income attributable to ATI | $ | 0.42 | ||||||
| Adjust for special items: | ||||||||
| Gain on joint venture deconsolidation, net of tax (a) | (0.10 | ) | ||||||
| Net income attributable to ATI excluding special items | $ | 0.32 | ||||||
