Allegheny Technologies Inc. expects its third quarter 2005 earnings to be in the range of $0.84 to $0.88 per share, including a $4 million favorable resolution of prior years' tax matters.

The Thomson First Call mean of analyst estimates for ATI's third quarter is $0.76 per share and the analyst range is $0.68 to $0.83 per share.

"Markets for our high-value products remain strong and we benefited from our ongoing cost control and cost reduction efforts in the third quarter," said Pat Hassey, Chairman, President and Chief Executive Officer of Allegheny Technologies. "In addition, cash flow in the third quarter was strong. We expect cash flow from operating activities to be over $120 million in the third quarter."

Allegheny Technologies plans to release third quarter 2005 results on Wednesday, Oct. 26, 2005, before the market opens.

Allegheny Technologies Inc. is one of the largest and most diversified specialty materials producers in the world with revenues of approximately $2.7 billion in 2004. ATI’s major markets are aerospace, construction and mining, chemical processing/oil & gas, food equipment and appliance, automotive, electrical energy, machine and cutting tools, and medical. Products include nickel-based alloys and superalloys, titanium and titanium alloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, silicon and tool steels, and forgings and castings.