<SEC-DOCUMENT>0001157523-18-000779.txt : 20180424
<SEC-HEADER>0001157523-18-000779.hdr.sgml : 20180424
<ACCEPTANCE-DATETIME>20180424080330
ACCESSION NUMBER:		0001157523-18-000779
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180424
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180424
DATE AS OF CHANGE:		20180424

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALLEGHENY TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0001018963
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL PIPE & TUBES [3317]
		IRS NUMBER:				251792394
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12001
		FILM NUMBER:		18770178

	BUSINESS ADDRESS:	
		STREET 1:		1000 SIX PPG PLACE
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222
		BUSINESS PHONE:		4123942800

	MAIL ADDRESS:	
		STREET 1:		100 SIX PPG PLACE
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALLEGHENY TELEDYNE INC
		DATE OF NAME CHANGE:	19960716
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51793264.htm
<DESCRIPTION>ALLEGHENY TECHNOLOGIES INCORPORATED 8-K
<TEXT>
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    <p style="text-align: center">
      <br>
      <br>
      <font style="font-family: Times New Roman; font-size: 11pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 11pt"><br style="font-size: 11pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 11pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-family: Times New Roman; font-size: 11pt"><b>Washington,
      DC 20549</b></font><br><br><font style="font-family: Times New Roman; font-size: 14pt"><b>FORM
      8-K</b></font><br><br><br><font style="font-family: Times New Roman; font-size: 13pt"><b>CURRENT
      REPORT</b></font><br><font style="font-family: Times New Roman; font-size: 11pt"><b>
      Pursuant to Section 13 or 15(d) of the</b></font><br><font style="font-family: Times New Roman; font-size: 11pt"><b>Securities
      Exchange Act of 1934</b></font><br><br><br>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
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        <td style="width: 40%; text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">Date
            of Report (Date of earliest event reported):</font>
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 60%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">April
            24, 2018</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Allegheny Technologies Incorporated
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Exact
            name of registrant as specified in its charter)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 33%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Delaware
          </p>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 34%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            1-12001
          </p>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 33%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            25-1792394
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            of incorporation)
          </p>
        </td>
        <td style="width: 34%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            File Number)
          </p>
        </td>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 75%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            1000 Six PPG Place, Pittsburgh, Pennsylvania
          </p>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 25%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            15222-5479
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 75%; text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Address
            of principal executive offices)</font>
          </p>
        </td>
        <td style="width: 25%; text-align: center; padding-left: 0.0px" valign="bottom">
          <font style="font-family: Times New Roman; font-size: 10pt">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="width: 45%; text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">Registrant&#8217;s
            telephone number, including area code</font>
          </p>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 55%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (412) 394-2800
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            N/A
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Former
            name or former address, if changed since last report).</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>

    </p>
    <p>
      <!--end_optional_former-->
      <font style="font-family: Times New Roman; font-size: 10pt">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:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
      &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
      &#167;240.12b-2).
    </p>
    <p style="white-space: nowrap">
      Emerging growth company&#160;&#160;&#9744;
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.&#160;&#160;&#9744;
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Item 2.02. Results of Operations and Financial Condition.</b>
    </p>
    <p style="text-align: justify">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On April 24, 2018, Allegheny Technologies Incorporated
      (&#8220;ATI&#8221;) issued a press release (the &#8220;Press Release&#8221;) announcing its
      financial results for the first quarter 2018.&#160;&#160;The text of the Press
      Release is included as Exhibit 99.1 to this Current Report on Form 8-K.&#160;&#160;
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      The information disclosed under this Item 2.02, including Exhibit 99.1
      hereto, is being furnished and shall not be deemed &#8220;filed&#8221; for purposes
      of Section 18 of the Securities Exchange Act of 1934 and shall not be
      deemed incorporated by reference into any filing made under the
      Securities Act of 1933, except as expressly set forth by specific
      reference in such filing.
    </p>
    <p style="white-space: nowrap; text-align: justify">
      <b>Item 9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibit</b>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="width: 10%; text-align: left; padding-left: 0.0px" valign="top">
          (d)
        </td>
        <td style="width: 15%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51793264ex99_1.htm">Exhibit 99.1</a>
          </p>
        </td>
        <td style="width: 75%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51793264ex99_1.htm">Press release dated April 24, 2018.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap; text-align: justify">

    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <u><font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURE</b></font></u><br><br><br>
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      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.
    </p>
    <p style="text-indent: 30.0px">
      <br>
      <br>

    </p>
    <div style="text-align:center">
    <table style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; margin-left:auto;margin-right:auto; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            ALLEGHENY TECHNOLOGIES INCORPORATED
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 6%; text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 39%; text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 4%; text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          By:
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 51%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Patrick J. DeCourcy
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 51%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Patrick J. DeCourcy
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 51%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Senior Vice President, Finance and
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 51%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 51%; text-align: left; padding-left: 0.0px" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 6%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated:
          </p>
        </td>
        <td style="width: 39%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            April 24, 2018
          </p>
        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 51%">

        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: left">

    </p>
  </body>
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     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51793264ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
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    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
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  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>ATI
      Announces First Quarter 2018 Results</b></font>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 12pt"><b>First
      Quarter 2018 Results</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>Sales
        were $979 million, 8% higher than Q4 2017; increased 13% versus Q1 2017</b></font>

        <ul>
          <li style="margin-bottom: 10.0px">
            <font style="font-family: Times New Roman; font-size: 12pt"><b>High
            Performance Materials &amp; Components sales of $561 million,
            increased 8% versus Q4 2017; up 10% year-over-year</b></font>
          </li>
          <li style="margin-bottom: 10.0px">
            <font style="font-family: Times New Roman; font-size: 12pt"><b>Flat
            Rolled Products sales of $418 million, 7% higher sequentially; up
            18% versus Q1 2017</b></font>
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>Business
        segment operating profit was $96.4 million, or 9.8% of sales</b></font>

        <ul>
          <li style="margin-bottom: 10.0px">
            <font style="font-family: Times New Roman; font-size: 12pt"><b>HPMC
            segment operating profit was $85.5 million, or 15.2% of sales</b></font>

            <ul>
              <li style="margin-bottom: 10.0px">
                <font style="font-family: Times New Roman; font-size: 12pt"><b>Strong
                Q1 aero-engine market sales</b></font>
              </li>
            </ul>
          </li>
          <li style="margin-bottom: 10.0px">
            <font style="font-family: Times New Roman; font-size: 12pt"><b>FRP
            segment operating profit was $10.9 million, or 2.6% of sales</b></font>

            <ul>
              <li style="margin-bottom: 10.0px">
                <font style="font-family: Times New Roman; font-size: 12pt"><b>FRP
                results include $8 million of negative Q1 items</b></font>
              </li>
            </ul>
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>Net
        income attributable to ATI was $58.0 million, or $0.42 per share</b></font>

        <ul>
          <li style="margin-bottom: 10.0px">
            <font style="font-family: Times New Roman; font-size: 12pt"><b>Results
            include a $15.9 million pre-tax gain, or $0.10 per share, related
            to the A&amp;T Stainless joint venture formation</b></font>
          </li>
          <li style="margin-bottom: 10.0px">
            <font style="font-family: Times New Roman; font-size: 12pt"><b>Adjusted
            net income attributable to ATI of $43.3 million, or $0.32 per
            share, excluding the joint venture gain</b></font>
          </li>
        </ul>
      </li>
    </ul>
    <p>

    </p>
    <p>
      PITTSBURGH--(BUSINESS WIRE)--April 24, 2018--Allegheny Technologies
      Incorporated (NYSE: ATI) reported first quarter 2018 results, with sales
      of $979 million and net income attributable to ATI of $58.0 million, or
      $0.42 per share. Adjusted first quarter 2018 net income attributable to
      ATI was $43.3 million, or $0.32 per share, excluding a $15.9 million
      pre-tax, or $0.10 per share, gain on the sale of a 50% interest and
      subsequent deconsolidation of the A&amp;T Stainless joint venture in March
      2018, which was excluded from business segment results. ATI sales were
      8% higher and adjusted net income was 25% higher compared to the fourth
      quarter 2017 adjusted results. Compared to the prior year quarter, ATI
      sales were 13% higher and adjusted earnings per share of $0.32 doubled
      the Q1 2017 results of $0.16 per share.
    </p>
    <p>
      &#8220;Results in our High Performance Materials and Components (HPMC) segment
      were better than expected, particularly sales to aero-engine customers,
      with revenue from the commercial jet engine market growing 23% versus
      the prior year,&#8221; said Rich Harshman, Chairman, President and Chief
      Executive Officer. &#8220;Continued strong sales of next-generation jet engine
      products, which were up 65% year-over-year, drove HPMC segment operating
      profit margin to 15.2% of sales, marking its best quarterly performance
      in over 5 years. These results demonstrate the power of next-generation
      product mix, with these materials, parts, and components representing
      48% of total first quarter HPMC jet engine product sales.
    </p>
    <p>
      &#8220;Our Flat Rolled Products (FRP) business continued to make good progress
      in the first quarter towards our goal of sustainable profitability,
      generating approximately $11 million of segment operating profit, or
      2.6% of sales. First quarter sales increased 18% versus the prior year,
      including an 80% increase in sales to the oil &amp; gas market, which was
      primarily due to large international pipeline projects. Consistent with
      our prior guidance, first quarter 2018 FRP results were negatively
      impacted by $8 million, mostly due to required accounting changes on
      retirement benefit cost capitalization in inventory. FRP was also
      negatively impacted by lower foreign currency hedge gains compared to
      fourth quarter 2017. Expected negative impacts from lower ferrochrome
      surcharges were mostly offset by higher nickel surcharges experienced
      late in the quarter.&#8221;
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
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        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <ul>
      <li style="margin-bottom: 10.0px">
        ATI&#8217;s sales to key global markets represented 81% of total ATI sales
        for 2018:

        <ul>
          <li style="margin-bottom: 10.0px">
            Sales to the aerospace and defense markets were $462 million and
            represented 47% of ATI sales: 28% commercial jet engine, 12%
            commercial airframe, 7% government aero/defense.
          </li>
          <li style="margin-bottom: 10.0px">
            Sales to the oil &amp; gas market were $153 million and represented
            16% of ATI sales.
          </li>
          <li style="margin-bottom: 10.0px">
            Sales to the automotive market were $79 million and represented 8%
            of ATI sales.
          </li>
          <li style="margin-bottom: 10.0px">
            Sales to the electrical energy market were $52 million and
            represented 5% of ATI sales.
          </li>
          <li style="margin-bottom: 10.0px">
            Sales to the medical market were $45 million and represented 5% of
            ATI sales.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        International sales represented 43% of ATI&#8217;s 2018 sales.
      </li>
    </ul>
    <p>
      &#8220;On March 1, 2018, we announced the formation of the A&amp;T Stainless joint
      venture (JV) to produce 60-inch wide stainless sheet products for sale
      in North America. ATI&#8217;s share of the A&amp;T Stainless JV results is
      included in FRP segment operating profit. ATI&#8217;s contribution to the JV
      included our previously-idled direct roll anneal and pickle (DRAP)
      facility in Midland, PA. Our JV partner purchased its 50% JV interest
      for $17.5 million, which will be paid in installments during 2018. As a
      result, ATI recognized a $15.9 million pre-tax gain, which was excluded
      from FRP segment results. On March 26, 2018, we filed for an exclusion
      from the recently enacted Section 232 tariffs on behalf of the A&amp;T
      Stainless JV, which imports semi-finished stainless slab products from
      Indonesia. In the absence of an exclusion, these slabs will be subject
      to the 25% tariff recently levied on all stainless steel products
      imported into the United States,&#8221; Harshman said.
    </p>
    <p>
      As of March 31, 2018, cash on hand was $110 million and available
      additional liquidity under the asset-based lending (ABL) credit facility
      was approximately $305 million, with $50 million borrowed under the
      revolving credit portion of the ABL. As expected, growth in managed
      working capital to support higher business volumes and funding during
      the production ramp-up of the A&amp;T Stainless JV combined to require
      short-term ABL borrowings. However, managed working capital as a
      percentage of sales declined sequentially to 37% as revenue growth
      continued. Capital expenditures for the first quarter 2018 were $42
      million, including the initial down payments for the recently announced
      iso-thermal press and heat treating expansions as well as significant
      expenditures on the STAL expansion in China, which is scheduled to be
      completed in the second quarter.
    </p>
    <p>
      <u><b>Strategy and Outlook</b></u>
    </p>
    <p>
      &#8220;We expect continued year-over-year revenue growth and operating margin
      improvement in our HPMC segment in 2018 resulting from ongoing aerospace
      market demand growth and improved asset utilization. We continue to
      expect HPMC segment margins to expand by approximately 200 basis points
      versus the full year 2017. The rate of improvement will likely vary by
      quarter due to the next-generation product sales cadence and other
      factors,&#8221; Harshman said. &#8220;We remain confident in our customers&#8217;
      continued elevated order patterns due to increasing jet engine build
      rates over the next several years. Our focus continues to be on strong
      operational execution, continuous improvement initiatives, and on
      meeting the aerospace production ramp requirements.
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      &#8220;In the FRP segment, we see continued strong end-market demand and the
      benefits from ongoing operational improvements, growth in our
      differentiated products, and benefits from the A&amp;T Stainless joint
      venture.
    </p>
    <p>
      &#8220;Cash generation from operations remains a key focus, and we intend to
      carefully balance our working capital and other cash needs with the pace
      of our capital expenditure requirements and financing obligations. As a
      result of our ongoing operational improvements, anticipated financial
      performance, and disciplined spending, we expect to generate at least
      $150 million of free cash flow in 2018, excluding contributions to the
      ATI Pension Plan. We plan to end 2018 with no borrowings under our ABL
      facility. Finally, we do not expect to pay any significant U.S. federal
      or state income taxes in 2018 due to net operating loss carryforwards,&#8221;
      Harshman concluded.
    </p>
    <p>
      <b>First Quarter 2018 Financial Results</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Sales </b>for the first quarter 2018 were $979.0 million, an 8%
        increase compared to the fourth quarter 2017 and a 13% increase
        compared to the prior year&#8217;s first quarter. HPMC sales in 2018 reflect
        stronger demand for nickel-based and specialty alloy products and
        components. FRP sales in 2018 include a stronger mix of high-value
        products, particularly nickel-based alloys.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Gross profit </b>in the first quarter 2018 was $148.6 million, or
        15.2% of sales, compared to $142.6 million, or 15.7% of sales, in the
        fourth quarter of 2017 and $124.8 million, or 14.4% of sales in the
        prior year&#8217;s first quarter. Gross profit and operating profit now
        reflect required accounting changes to classify the non-service cost
        components of retirement benefit expense as nonoperating expenses.
        Prior period results were restated for this required reporting change,
        which did not affect pre-tax or net-of-tax results, or how ATI
        calculates business segment operating profit.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Non-operating income </b>in the first quarter 2018 includes a $15.9
        million gain on the deconsolidation and derecognition of the A&amp;T
        Stainless entity following the sale of a 50% interest to our JV
        partner. The gain, including ATI&#8217;s retained 50% share, was based on
        the fair value of the joint venture.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Net income attributable to ATI</b> for the first quarter 2018 was
        $58.0 million, or $0.42 per share, and adjusted net income was $43.3
        million, or $0.32 per share, excluding the A&amp;T Stainless gain. This
        compares to net income attributable to ATI of $1.7 million, or $0.01
        per share for the fourth quarter 2017, and adjusted net income of
        $34.6 million, or $0.27 per share, excluding the debt extinguishment
        charge and tax legislation benefits. For the first quarter 2017, net
        income attributable to ATI was $17.5 million, or $0.16 per share.
        Results in all periods include impacts from income taxes which differ
        from applicable standard tax rates, primarily related to impacts of
        income tax valuation allowances.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Cash on hand </b>at March 31, 2018 was $109.9 million. In the first
        quarter 2018, cash used in operating activities was $47.1 million,
        including $63.1 million invested in managed working capital. Capital
        expenditures in the first quarter 2018 were $41.6 million. Cash
        provided by financing activities was $56.9 million, primarily related
        to $50.0 million of revolving credit borrowings under the ABL.
      </li>
    </ul>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>High Performance Materials &amp; Components Segment</b>
    </p>
    <p>
      <i><b>Market Conditions</b></i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Aerospace and defense sales in the first quarter 2018 were $426.7
        million, 7% higher than the fourth quarter 2017, and represented 76%
        of total segment sales. Compared to the fourth quarter 2017,
        commercial jet engine sales were 17% higher, commercial airframe sales
        were flat and government aero/defense sales were 16% lower. Total HPMC
        first quarter 2018 sales increased 8% over the fourth quarter 2017,
        with sales to the construction &amp; mining markets up 30%. Sales of
        forged and cast components were more than 25% above fourth quarter
        2017 levels. Direct international sales represented 48% of total
        segment sales for the first quarter 2018.
      </li>
    </ul>
    <p>
      <i><b>First quarter 2018 compared to first quarter 2017</b></i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Sales were $560.7 million, a $50.3 million, or 10%, increase compared
        to the first quarter 2017, primarily due to higher sales of forged and
        cast components, which were up by one-third over the prior year. Sales
        to the commercial aerospace market, which represented 65% of first
        quarter 2018 sales, were 13% higher than the prior year, including a
        23% increase in sales to the commercial jet engine market.
        Construction and mining market sales were 52% higher, while sales to
        the medical market were 13% lower primarily due to increased
        competition in MRI end uses.
      </li>
      <li style="margin-bottom: 10.0px">
        Segment operating profit improved to $85.5 million, or 15.2% of sales,
        compared to $50.9 million, or 10.0% of sales for the first quarter
        2017. This operating profit improvement reflects higher productivity
        from increasing aerospace and defense sales, and an improved product
        mix of next-generation nickel alloys and forgings for the aero engine
        market.
      </li>
    </ul>
    <p>
      <b>Flat Rolled Products Segment</b>
    </p>
    <p>
      <i><b>Market Conditions</b></i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        In the first quarter 2018, market conditions continued to improve in
        the oil &amp; gas market, with sales of $137.5 million, a 20% increase
        compared to the fourth quarter 2017, primarily due to demand for
        nickel sheet for large oil &amp; gas and pipeline projects. Additional
        project-based demand is expected later in 2018. Sales remained strong
        in the automotive market, increasing 18% sequentially. Sales increased
        4% for high-value products and 11% for standard products, compared to
        the fourth quarter 2017. Direct international sales were 37% of first
        quarter 2018 segment sales.
      </li>
    </ul>
    <p>
      <i><b>First quarter 2018 compared to first quarter 2017</b></i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Sales were $418.3 million, a $62.8 million, or 18%, increase compared
        to the prior year period, due to higher shipment volume for high-value
        products, primarily nickel-based and specialty alloys for oil &amp; gas
        projects. Sales of standard products were 5% lower, compared to the
        first quarter 2017.
      </li>
      <li style="margin-bottom: 10.0px">
        Segment operating profit was $10.9 million, or 2.6% of sales, compared
        to $19.0 million, or 5.3% of sales for the first quarter 2017. Results
        in 2018 included approximately $8 million of negative impacts from
        required accounting changes on retirement benefit cost capitalization
        in inventory, as well as reduced benefits of foreign currency hedges.
        Prior year results also reflect $6 million of higher raw material
        surcharge benefits related primarily to a change in the ferrochrome
        surcharge calculation.
      </li>
    </ul>
    <p>
      <b>Closed Operations and Other Expenses</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Closed operations and other expenses in the first quarter 2018 were
        $8.1 million, which was $2.5 million higher than the fourth quarter
        2017. The prior year period included a $3.7 million benefit for
        reductions in liabilities for legacy employee benefit programs. For
        the remaining quarters of 2018, we expect closed operations and other
        expenses to be comparable to the first quarter 2018.
      </li>
    </ul>
    <p>
      <b>Income Taxes</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        ATI continues to maintain income tax valuation allowances on its U.S.
        federal and state deferred tax assets, and we do not expect to pay any
        significant U.S. federal or state income taxes for the next few years
        due to net operating loss carryforwards. The first quarter 2018 7.6%
        tax rate primarily relates to income taxes on non-U.S. operations.
      </li>
    </ul>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
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        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Allegheny Technologies will conduct a conference call with investors and
      analysts on Tuesday, April 24, 2018, at 8:30 a.m. ET to discuss the
      financial results. The conference call will be broadcast, and
      accompanying presentation slides will be available, at ATImetals.com. To
      access the broadcast, click on &#8220;Conference Call&#8221;. Replay of the
      conference call will be available on the Allegheny Technologies website.
    </p>
    <p>
      This news release contains &#8220;forward-looking statements&#8221; within the
      meaning of the Private Securities Litigation Reform Act of 1995. Certain
      statements in this news release relate to future events and expectations
      and, as such, constitute forward-looking statements. Forward-looking
      statements, which may contain such words as &#8220;anticipates,&#8221; &#8220;believes,&#8221;
      &#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;will,&#8221; &#8220;will likely result,&#8221;
      &#8220;forecast,&#8221; &#8220;outlook,&#8221; &#8220;projects,&#8221; and similar expressions, are based on
      management&#8217;s current expectations and include known and unknown risks,
      uncertainties and other factors, many of which we are unable to predict
      or control. Our performance or achievements may differ materially from
      those expressed or implied in any forward-looking statements due to the
      following factors, among others: (a) material adverse changes in
      economic or industry conditions generally, including global supply and
      demand conditions and prices for our specialty metals; (b) material
      adverse changes in the markets we serve; (c) our inability to achieve
      the level of cost savings, productivity improvements, synergies, growth
      or other benefits anticipated by management from strategic investments
      and the integration of acquired businesses; (d) volatility in the price
      and availability of the raw materials that are critical to the
      manufacture of our products; (e) declines in the value of our defined
      benefit pension plan assets or unfavorable changes in laws or
      regulations that govern pension plan funding; (f)&#160;labor disputes or work
      stoppages; (g) equipment outages and (h) other risk factors summarized
      in our Annual Report on Form 10-K for the year ended December 31, 2017,
      and in other reports filed with the Securities and Exchange Commission.
      We assume no duty to update our forward-looking statements.
    </p>
    <p>
      <i><b>Creating Value Thru Relentless Innovation&#8482;</b></i>
    </p>
    <p>
      ATI is a global manufacturer of technically advanced specialty materials
      and complex components. With revenue of $3.6 billion for the twelve
      month period ended March 31, 2018, our largest market is aerospace &amp;
      defense, particularly jet engines. We also have a strong presence in the
      oil &amp; gas, electrical energy, medical, automotive, and other industrial
      markets. ATI is a market leader in manufacturing differentiated
      specialty alloys and forgings that require our unique manufacturing and
      precision machining capabilities and our innovative new product
      development competence. We are a leader in producing powders for use in
      next-generation jet engine forgings and 3D-printed aerospace products.
      ATIMetals.com
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
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        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="14">
          <b>Allegheny Technologies Incorporated and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="14">
          <b>Consolidated Statements of Income</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="14">
          <i>(Unaudited, dollars in millions, except per share amounts)</i>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="top" colspan="11">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>March 31</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>December 31</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>March 31</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <b>Sales</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>979.0</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>909.9</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>865.9</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top" colspan="2">
          Cost of sales
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          830.4
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          767.3
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          741.1
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          Gross profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          148.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          142.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          124.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top" colspan="2">
          Selling and administrative expenses
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          67.1
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          60.5
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          57.9
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          Operating income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          81.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          82.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          66.9
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          Nonoperating retirement benefit expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (8.3
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (13.4
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (13.6
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          Interest expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (25.5
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (31.6
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (33.5
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          Debt extinguishment charge
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (37.0
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top" colspan="2">
          Other income, net
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          17.8
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          0.3
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          3.3
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          Income before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          65.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          23.1
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top" colspan="2">
          Income tax provision (benefit)
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          5.0
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          (4.8
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          2.0
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>60.5</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>5.2</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>21.1</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top" colspan="2">
          Less: Net income attributable to noncontrolling interests
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          2.5
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          3.5
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          3.6
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top" colspan="2">
          <b>Net income attributable to ATI</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>58.0</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>1.7</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>17.5</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top" colspan="2">
          <b>Basic net income attributable to ATI per common share</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>0.46</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>0.01</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>0.16</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top" colspan="2">
          <b>Diluted net income attributable to ATI per common share</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>0.42</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>0.01</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>0.16</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Weighted average common shares outstanding -- basic (millions)
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          125.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          117.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          107.5
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Weighted average common shares outstanding -- diluted (millions)
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          145.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          118.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          128.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Actual common shares outstanding -- end of period (millions)
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          125.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          125.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          108.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td colspan="4">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="13">
          <b>Allegheny Technologies Incorporated and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="13">
          <b>Sales and Operating Profit by Business Segment</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="13">
          <i>(Unaudited, dollars in millions)</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="top" colspan="11">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>March 31</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>December 31</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>March 31</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Sales:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          High Performance Materials &amp; Components
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          560.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          517.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          510.4
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Flat Rolled Products
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          418.3
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          392.2
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          355.5
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          <b>Total external sales</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>979.0</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>909.9</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>865.9</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Operating profit:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          High Performance Materials &amp; Components
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          85.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          65.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          50.9
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          % of Sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          15.2
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          12.7
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          10.0
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Flat Rolled Products
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          10.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          22.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          19.0
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          % of Sales
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          2.6
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          5.7
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          5.3
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Total operating profit</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>96.4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>88.2</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>69.9</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          % of Sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          9.8
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          9.7
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          8.1
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          LIFO and net realizable value reserves
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Corporate expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (13.2
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (13.6
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (10.3
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Closed operations and other expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (8.1
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (5.6
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (3.0
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Gain on joint venture deconsolidation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          15.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Debt extinguishment charge
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (37.0
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Interest expense, net
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          (25.5
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          (31.6
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          (33.5
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          <b>Income before income taxes</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>65.5</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>0.4</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>23.1</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="7">
          <b>Allegheny Technologies Incorporated and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="7">
          <b>Condensed Consolidated Balance Sheets</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>(Current period unaudited, dollars in millions)</i>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="2">
          <b>March 31,</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="2">
          <b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>ASSETS</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Current Assets:</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          109.9
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          141.6
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Accounts receivable, net of allowances for doubtful accounts
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          606.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          545.3
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Short-term contract assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          38.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Inventories, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,210.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,176.1
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Prepaid expenses and other current assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          86.1
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          52.7
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          <b>Total Current Assets</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>2,051.8</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>1,915.7</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Property, plant and equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2,490.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2,495.7
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Goodwill
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          534.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          531.4
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Long-term contract assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          16.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Other assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          257.2
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          242.6
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          <b>Total Assets</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>5,350.0</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>5,185.4</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>LIABILITIES AND EQUITY</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Current Liabilities:</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accounts payable
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          424.7
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          420.1
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accrued liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          205.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          282.4
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Short-term contract liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          66.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Short-term debt and current portion of long-term debt
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          63.7
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          10.1
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="top">
          <b>Total Current Liabilities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>759.9</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>712.6</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,535.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,530.6
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accrued postretirement benefits
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          311.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          317.8
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Pension liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          687.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          697.0
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Deferred income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          10.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          9.7
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Long-term contract liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          19.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Other long-term liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          62.5
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          73.2
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <b>Total Liabilities</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>3,386.7</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>3,340.9</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Total ATI stockholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,846.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,739.4
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Noncontrolling interests
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          117.2
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          105.1
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <b>Total Equity</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>1,963.3</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>1,844.5</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          <b>Total Liabilities and Equity</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>5,350.0</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>5,185.4</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Allegheny Technologies Incorporated and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Condensed Consolidated Statements of Cash Flows</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <i>(Unaudited, dollars in millions)</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="7">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="top" colspan="7">
          <b>March 31</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Operating Activities:</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Net income
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          60.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          21.1
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          39.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          40.3
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Deferred taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.2
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Change in managed working capital
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (63.1
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (11.2
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Change in retirement benefits (a)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (128.1
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 25.0px" valign="top">
          Accrued liabilities and other
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          (84.6
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          (33.5
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <b>Cash used in operating activities</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>(47.1</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>(110.2</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Investing Activities:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Purchases of property, plant and equipment
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (41.6
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (24.8
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 25.0px" valign="top">
          Asset disposals and other
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          0.1
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          2.6
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <b>Cash used in investing activities</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>(41.5</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>(22.2</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Financing Activities:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Borrowings on long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          6.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Payments on long-term debt and capital leases
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (1.3
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.3
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Net borrowings under credit facilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          50.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          67.7
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Sale to noncontrolling interests
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          7.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 25.0px" valign="top">
          Taxes on share-based compensation and other
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          (6.5
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          (4.8
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <b>Cash provided by financing activities</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>56.9</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>62.6</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Decrease in cash and cash equivalents</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>(31.7</b>
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>(69.8</b>
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Cash and cash equivalents at beginning of period
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          141.6
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          229.6
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          <b>Cash and cash equivalents at end of period</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>109.9</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>159.8</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (a)
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Includes $(135) million contribution to the U.S. defined benefit
            pension plan in 2017.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td colspan="4">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="13">
          <b>Allegheny Technologies Incorporated and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="13">
          <b>Selected Financial Data</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="13">
          <i>(Unaudited)</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="top" colspan="11">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>March 31</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>December 31</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>March 31</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Percentage of Total ATI Sales</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>High-Value Products</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Nickel-based alloys and specialty alloys
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          29
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          31
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          26
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Precision forgings, castings and components
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          21
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          18
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          18
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Titanium and titanium-based alloys
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          16
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          16
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          18
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Precision and engineered strip
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          13
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          14
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          14
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 25.0px" valign="top">
          Zirconium and related alloys
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          5
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          5
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          6
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Total High-Value Products
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          84
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          84
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          82
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Standard Products</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Stainless steel sheet
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          9
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          8
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          10
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Specialty stainless sheet
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          4
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          4
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          5
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 25.0px" valign="top">
          Stainless steel plate and other
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          3
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          4
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          3
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 25.0px" valign="top">
          Total Standard Products
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          16
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          16
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          18
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          <b>Grand Total</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          100
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          100
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          100
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="top" colspan="11">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>March 31</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>December 31</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>March 31</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <b>Shipment Volume:</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Flat Rolled Products (000's lbs.)
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="top">
          High value
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          84,042
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          90,332
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          75,333
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 20.0px" valign="top">
          Standard
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          109,249
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          100,973
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          114,985
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Flat Rolled Products total
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          193,291
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          191,305
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          190,318
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <b>Average Selling Prices:</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Flat Rolled Products (per lb.)
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="top">
          High value
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          3.30
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2.94
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2.77
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="top">
          Standard
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1.26
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1.23
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1.26
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Flat Rolled Products combined average
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2.15
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2.04
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1.86
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="11">
          <b>Allegheny Technologies Incorporated and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="11">
          <b>Computation of Basic and Diluted Earnings Per Share Attributable
          to ATI</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="11">
          <i>(Unaudited, in millions, except per share amounts)</i>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="top" colspan="8">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="2">
          <b>March 31</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="2">
          <b>December 31</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="2">
          <b>March 31</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          Numerator for Basic net income per common share -
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net income attributable to ATI
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          58.0
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1.7
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          17.5
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          Effect of dilutive securities:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          4.75% Convertible Senior Notes due 2022
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          3.2
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          3.0
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          Numerator for Diluted net income per common share -
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          Net income attributable to ATI after assumed conversions
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          61.2
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          1.7
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          20.5
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          Denominator for Basic net income per common share -
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Weighted average shares outstanding
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          125.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          117.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          107.5
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          Effect of dilutive securities:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Share-based compensation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.8
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          4.75% Convertible Senior Notes due 2022
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          19.9
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          19.9
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          Denominator for Diluted net income per common share -
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          Adjusted weighted average shares assuming conversions
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          145.5
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          118.6
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          128.2
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top" colspan="2">
          Basic net income attributable to ATI per common share
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>0.46</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>0.01</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>0.16</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top" colspan="2">
          Diluted net income attributable to ATI per common share
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>0.42</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>0.01</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>0.16</b>
        </td>
      </tr>
      <tr>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Allegheny Technologies Incorporated and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Other Financial Information</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Managed Working Capital</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <i>(Unaudited, dollars in millions)</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>March 31</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>December 31</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accounts receivable
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          606.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          545.3
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Short-term contract assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          38.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Inventory
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,210.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,176.1
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Accounts payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (424.7
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (420.1
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Short-term contract liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          (66.2
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Subtotal
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,364.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,301.3
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Allowance for doubtful accounts
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          5.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          5.9
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          LIFO reserve
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (23.1
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (43.1
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Inventory reserves
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          101.0
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          121.5
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          Managed working capital
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          1,448.7
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          1,385.6
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Annualized prior 3 months sales
          </p>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          3,916.1
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          3,639.5
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Managed working capital as a % of annualized sales
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          37.0
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          38.1
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            March 31, 2018 change in managed working capital
          </p>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          63.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          As part of managing the liquidity in our business, we focus on
          controlling managed working capital, which is defined as gross
          accounts receivable and gross inventories, less accounts payable. In
          measuring performance in controlling this managed working capital,
          we exclude the effects of LIFO and other inventory valuation
          reserves and reserves for uncollectible accounts receivable which,
          due to their nature, are managed separately. With the adoption of
          the new revenue recognition accounting guidance in 2018, we now
          include short-term contract assets and liabilities in the
          calculation of managed working capital. In 2017 and prior periods,
          portions of contract assets and liabilities were included in managed
          working capital. Prior managed working capital calculations were not
          revised for this accounting change.
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td colspan="5">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Allegheny Technologies Incorporated and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Other Financial Information</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <b>Debt to Capital</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="9">
          <i>(Unaudited, dollars in millions)</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>March 31</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>December 31</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Total debt (a)
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,611.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,553.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Less: Cash
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          (109.9
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          (141.6
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net debt
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,501.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,412.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net debt
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,501.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,412.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Total ATI stockholders' equity
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          1,846.1
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          1,739.4
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net ATI capital
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          3,347.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          3,151.6
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          <b>Net debt to ATI capital</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>44.9</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>44.8</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Total debt (a)
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,611.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,553.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Total ATI stockholders' equity
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          1,846.1
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          1,739.4
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Total ATI capital
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          3,457.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          3,293.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          <b>Total debt to total ATI capital</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>46.6</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          <b>47.2</b>
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (a)
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Excludes debt issuance costs.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            In managing the overall capital structure of the Company, some of
            the measures that we focus on are net debt to net capitalization,
            which is the percentage of debt, net of cash that may be available
            to reduce borrowings, to the total invested and borrowed capital
            of ATI (excluding noncontrolling interest), and total debt to
            total ATI capitalization, which excludes cash balances.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="top">
          <b>Allegheny Technologies Incorporated and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="top">
          <b>Non-GAAP Financial Measures</b>
        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="top">
          <i>(Unaudited, dollars in millions, except per share amounts)</i>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            The Company reports its financial results in accordance with
            accounting principles generally accepted in the United States of
            America (&quot;GAAP&quot;). 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 April 24, 2018:
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="top" colspan="7">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>March 31</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="3">
          <b>December 31</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net income attributable to ATI
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          58.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1.7
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Adjust for special items:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Gain on joint venture deconsolidation, net of tax (a)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (14.7
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Debt extinguishment charge, net of tax (b)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          37.0
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Income tax items including valuation allowances (c)
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          (4.1
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          Net income attributable to ATI excluding special items
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          43.3
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          34.6
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px" valign="top" colspan="7">
          <b>Per Diluted Share *</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net income attributable to ATI
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.42
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.01
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Adjust for special items:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Gain on joint venture deconsolidation, net of tax (a)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.10
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Debt extinguishment charge, net of tax (b)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.29
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Income tax items including valuation allowances (c)
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.03
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="top">
          Net income attributable to ATI excluding special items
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          0.32
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; border-bottom-style: double; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px" valign="bottom">
          0.27
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          * Presentation of adjusted results per diluted share includes the
          effects of convertible debt, if dilutive.
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (a) First quarter 2018 results include a gain on deconsolidation
            of A&amp;T Stainless following the sale of a 50% noncontrolling
            interest and subsequent derecognition. The $15.9 pretax gain,
            including ATI's retained 50% share, was recorded at fair value.
          </p>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          (b) Fourth quarter 2017 results include a debt extinguishment charge
          of $37.0 after-tax, or $(0.29) per share, for the full redemption of
          the $350, 9.375% Senior Notes due 2019.
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          (c) Fourth quarter 2017 results include $4.1 of tax benefits, or
          $0.03 per share, from the 2017 Tax Cuts and Jobs Act legislation.
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Free cash flow as defined by ATI includes the total of cash
            provided by (used in) operating activities and investing
            activities as presented on the consolidated statements of cash
            flows, adjusted to exclude cash contributions to the ATI Pension
            Plan, the Company's U.S. qualified defined benefit pension plan.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Allegheny Technologies Incorporated<br>Scott Minder,
      412-395-2720
    </p>
    <p>

    </p>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
