Allegheny Technologies Inc. (ATI), headquartered in Pittsburgh, Pennsylvania, has reported net income for the fourth quarter 2008 of USD 110.9 million on sales of USD 1.11 billion. In the fourth quarter 2007, ATI reported net income of USD 148.9 million on sales of US 1.27 billion. For the full year 2008, ATI’s net income was USD 565.9 million on sales of USD 5.31 billion. For the full year 2007, net income was USD 747.1 million on sales of USD 5.45 billion. 2008 was the second best year for sales and earnings per share in the history of ATI. This was accomplished even with supply chain disruptions and schedule push outs in the aerospace market and an unprecedented fall in demand from many of our other markets during the fourth quarter. Shipments of ATI’s total titanium products reached over 47 million pounds, an increase of approximately 15% over 2007. Shipments of grain-oriented electrical steel increased 9% and shipments of exotic alloys increased 6%, both compared to 2007 shipments. Direct international sales were 28% of sales. ATI estimates 2009 capital expenditures of approximately USD 450 million.