CANTON, Ohio, Aug. 28, 2025 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components, and supply chain solutions, has been named a 2025 NorthCoast 99 award winner by ERC, the Employers Resource Council. The NorthCoast 99 award honors 99 great Northeast Ohio workplaces for top talent. NC 99 2025 NC 99 2025 "Twenty-seven years ago, ERC launched the NorthCoast 99 awards program and event to help our region become a prime destination for companies and high-perfor ...

Metallus (MTUS) FY Conference Summary Company Overview - Metallus is a specialty metals manufacturing company based in Canton, Ohio, with over 100 years of operation, previously a division of Timken Company until its spinout in 2014 as Timken Steel, and rebranded to Metallus in 2024 [4][5] - The company employs approximately 1,900 people, including 1,200 United Steel workers [5] Financial Performance - In the last fiscal year, Metallus shipped approximately 555,000 tons with a 60% melt utilization, resulting in $1.1 billion in sales [7] - The first half of the current year saw a 28% increase in shipments compared to the second half of the previous year [7] - The second quarter of the current year reported net sales exceeding $300 million, a sequential increase of $24 million (9%) driven by higher shipments across all end markets [23] - Adjusted EBITDA for the second quarter represented the highest quarterly profits in over a year, with operating cash flow at 1.3x EBITDA [23] Market Position and Product Offerings - Metallus has a 12% share of the U.S. Special Bar Quality (SBQ) steel consumption and a 40% share in seamless mechanical tubing [8][9] - The company serves diverse end markets, including automotive, industrial, energy, and aerospace/defense [10][12] - Notably, Metallus is the sole domestic producer of specialized high fragmentation steel for the U.S. Army, with a $100 million contract to increase capacity for 155mm shells [13] Growth Initiatives - The company is targeting $250 million in sales to the defense market by 2026, more than double historical sales levels [15] - Metallus is also focusing on vacuum arc remelt steel, aiming for $30 million in sales in this market in 2025 [18] - Investments in production capacity and operational efficiencies are expected to yield annual savings of approximately $10 million starting in 2026 [28] Challenges and Cost Management - Planned annual shutdown costs are expected to be around $15 million in the second half of the year, with $3 million to $5 million in non-recurring labor agreement costs anticipated [25][27] - Higher electricity costs are projected to add $2 million to $3 million in quarterly expenses [26] Strategic Outlook - Metallus maintains a disciplined capital allocation strategy, targeting $250 million to $300 million in liquidity and focusing on organic and inorganic growth opportunities [31][32] - The company has reduced its pension liability from over $1 billion in 2021 to less than $500 million today, with a funded position of about 84% [34] - Metallus has a share buyback authorization with over $93 million remaining, having reduced diluted shares by over 25% since early 2022 [35] Investment Rationale - Metallus presents an attractive entry point for investors, with a strong balance sheet, liquidity, and a focus on operational efficiencies [36] - The company is positioned to benefit from domestic production trends and government investments in national defense [37] Additional Opportunities - The company is exploring additional funding opportunities, including a potential $10 million bill from Congress for expanding capabilities [39]

Financial Data and Key Metrics Changes - In Q2 2025, net sales totaled $304.6 million, a sequential increase of $24.1 million or 9% driven by higher shipments across all end markets [19] - Adjusted EBITDA was $26.5 million in Q2, a sequential increase of 50% primarily due to higher shipments and improved melt utilization [19] - Net income for Q2 was $3.7 million or $0.09 per diluted share, while adjusted net income was $8.4 million or $0.20 per diluted share, more than double the first quarter levels [19] - Operating cash flow was $34.8 million, supported by profitability, lower inventory, and a $6.5 million federal income tax refund [19] Business Line Data and Key Metrics Changes - Shipments increased by 10% compared to Q1, with aerospace and defense, automotive, and energy shipments driving this growth [9] - Energy shipments improved by 17% sequentially, while automotive shipments increased by 9% [11][12] - Aerospace and defense shipments nearly doubled sequentially, indicating strong growth potential in this market [13] Market Data and Key Metrics Changes - Industrial shipments saw a slight increase on a sequential basis, with distribution customer inventory levels declining [11] - The tariff environment is helping to reduce imports and stimulate demand for domestically produced steel [12] - The company is experiencing increased customer inquiries driven by tariff-related onshoring, particularly in the automotive sector [12] Company Strategy and Development Direction - The company is focused on enhancing safety management systems with a planned investment of approximately $5 million in 2025 [7] - A new initiative has been launched to optimize day-to-day manufacturing operations, aiming for long-term sustainability and cost reduction [15] - The company is on track to achieve approximately $30 million in bar-related revenue by 2025, reflecting strong market positioning [13] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued demand growth for domestically produced steel due to the trade environment [5] - The company expects third-quarter shipments to be similar to Q2, with lead times extending to October for bar and tube products [26] - Adjusted EBITDA for Q3 is expected to be modestly lower than Q2 due to planned maintenance and increased electricity costs [28] Other Important Information - The company received $5.1 million in government funding during Q2 as part of a nearly $100 million agreement to support U.S. Army munitions production [21] - Capital expenditures for 2025 are planned at approximately $125 million, including $90 million funded by the U.S. government [20] - The company has repurchased 255,000 shares for $3.3 million in Q2, reflecting confidence in cash flow generation [24] Q&A Session Summary Question: Market share gains due to tariff changes - Management noted that most share gains were from regaining industrial and automotive business lost to domestic competitors, with modest increases in new customer inquiries tied to the tariff environment [32] Question: Supply chain issues resolution timeline - Management indicated improvements in demand and expected additional orders in Q4, despite previous delays in munitions production [35] Question: Melt utilization targets and efficiency savings - Management acknowledged that melt utilization was impacted by electrical supply interruptions and auxiliary equipment reliability, but they are engaging third-party expertise to improve operational efficiency [36][38] Question: Price increases and contract discussions - Management stated that contract discussions for 2026 will pick up in late September through early December, with 70% of demand under contract and 30% spot-based [46]

Company Overview - Metallus Inc reported net sales of $1.1 billion in 2024[9] - The company has an annual melt capacity of approximately 1.2 million tons and a ship capacity of approximately 0.9 million tons[9] - In 2024, Automotive accounted for 45% of the company's shipment mix and 42% of net sales, while Industrial accounted for 40% of the shipment mix and 36% of net sales[18] Financial Performance and Outlook - In Q2 2025, Metallus had net sales of $304.6 million, a 9% increase compared to Q1 2025[23] - The company's adjusted EBITDA for Q2 2025 was $26.5 million[23] - Metallus expects capital expenditures of approximately $125 million in 2025, including approximately $90 million funded by the U S government[23] Strategic Initiatives and Targets - Metallus aims to grow A&D product sales to over $250 million in 2026, more than doubling the 2023 sales level[68] - The company is targeting a through-cycle long-term adjusted EBITDA margin of greater than 12%[69] - Metallus has a long-term target net leverage ratio of less than 1 0x[69]

CANTON, Ohio, Aug. 8, 2025 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components, and supply chain solutions, released its second-quarter 2025 results on Thursday, August 7, on the New York Stock Exchange. The company will provide live Internet listening access to its conference call with the financial community scheduled for Friday, August 8, 2025, at 9:00 a.m. ET. The live conference call will be broadcast at investors.metallus.com. A replay of the confe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to METALLUS INC. (Exact name of registrant as specified in its charter) Ohio 46-4024951 (State or other jurisdiction of incorporation or organization) 1835 Dueber Avenue ...

Exhibit 99.1 Metallus Announces Second-Quarter 2025 Results CANTON, Ohio: August 7, 2025 – Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components and supply chain solutions, today reported second-quarter 2025 net sales of $304.6 million and net income of $3.7 million, or $0.09 per diluted share. On an adjusted basis (1) , the second- quarter 2025 net income was $8.4 million, or $0.20 per diluted share, and adjusted EBITDA was $26.5 million. This compares with the sequentia ...

Financial Performance - Metallus reported second-quarter 2025 net sales of $304.6 million, a 9% increase from $280.5 million in the first quarter of 2025 and a 3% increase from $294.7 million in the same quarter last year [1][2][13] - Net income for the second quarter of 2025 was $3.7 million, or $0.09 per diluted share, compared to $1.3 million, or $0.03 per diluted share in the first quarter of 2025, and $4.6 million, or $0.10 per diluted share in the second quarter of 2024 [1][2][3] - Adjusted EBITDA for the second quarter of 2025 was $26.5 million, up from $17.7 million in the first quarter of 2025 and $19.9 million in the second quarter of 2024 [1][2][3] Operational Highlights - The company experienced improved profitability and operating cash flow, driven by stronger end markets and market share gains [4] - Ship tons increased to 167,700 in the second quarter of 2025, a 10% sequential increase and a 12% increase compared to the prior-year second quarter [13] - Melt utilization improved to 71% in the second quarter of 2025 from 65% in the first quarter of 2025 and 53% in the same quarter last year [13] Cash and Liquidity - As of June 30, 2025, the company had cash and cash equivalents of $190.8 million and total liquidity of $437.0 million [6][12] - Operating cash flow for the second quarter was $34.8 million, primarily due to profitability and an income tax refund [6][12] - Capital expenditures totaled $17.8 million in the second quarter, including $15.3 million for government-funded projects [6][12] Government Funding and Contracts - The company received $5.1 million from the U.S. Army as part of a $99.75 million capacity expansion funding agreement [9] - Total government funding received to date amounts to $71.5 million, with expectations for additional funding throughout 2025 and into early 2026 [9] Outlook - The company anticipates third-quarter adjusted EBITDA to be modestly lower than the second quarter due to costs associated with labor negotiations, higher electricity costs, and planned annual shutdown maintenance [10] - Planned capital expenditures for the full year of 2025 are approximately $125 million, including about $90 million funded by the U.S. government [20]

Company Overview - Metallus Inc. is a manufacturer of high-performance specialty metals from recycled scrap metal, serving various end-markets including industrial, automotive, aerospace & defense, and energy [3] - The company is recognized as a premier U.S. producer of alloy steel bars (up to 16 inches in diameter), seamless mechanical tubing, and manufactured components [3] - Metallus has over 100 years of experience in producing high-quality steel and employs approximately 1,880 people [3] - The company reported sales of $1.1 billion in 2024 [3] Government Commitment and Legislative Impact - Vice President Vance emphasized the federal government's commitment to investing in American workers and businesses, particularly through the "One Big Beautiful Bill" [2] - The bill includes significant financial benefits for individuals and families, notably the elimination of taxes on overtime pay [1] - The administration aims to support American workers and small to mid-sized manufacturers through policies and investments that enhance competitiveness and sustainability [2] Role in National Defense - Metallus plays a vital role in supporting national defense, particularly through its investment in a new bloom reheat furnace and contributions to increased artillery shell production for the Army [1] - The visit from Vice President Vance highlighted the critical importance of domestic steel production, reinforcing the company's significance in the defense sector [3]

Company Overview - Metallus (NYSE: MTUS) is a leader in high-quality specialty metals, manufactured components, and supply chain solutions, with a focus on recycled scrap metal [3] - The company serves demanding applications in industrial, automotive, aerospace & defense, and energy end-markets [3] - Metallus has been in the business of making high-quality steel for over 100 years and employs approximately 1,880 people [3] Financial Performance - Metallus reported sales of $1.1 billion in 2024 [3] - The company will release its second-quarter 2025 results on August 7, 2025, after market close [1] Upcoming Events - A live conference call with the financial community is scheduled for August 8, 2025, at 9:00 a.m. ET, which will be accessible via the internet [2] - A replay of the conference call will also be available on the company's investor website [2]