CANTON, Ohio, Jan. 29, 2026 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components, and supply chain solutions, will release its fourth-quarter and full-year 2025 results on Thursday, February 19, after the market closes 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, February 20, 2026, at 9:00 a.m. ET. The live conference call will be broadcas ...

Core Insights - The focus is on identifying companies in the consumer products sector that exhibit strong brand recognition, solid financials, and growth potential [1] Group 1: Investment Focus - The investment strategy emphasizes a keen understanding of consumer trends and the ability to identify profitable opportunities within the sector [1]

Core Points - Metallus has reached a new tentative agreement for a four-year contract with the United Steelworkers Local 1123 after previous agreements were rejected [1][2] - The new contract aims to balance employee needs and company priorities, ensuring job stability and supporting future success [2] - The current labor contract has been extended for an additional 14 days until February 12, 2026, allowing time for the union to communicate with its members [2] Company Overview - Metallus (NYSE: MTUS) specializes in high-performance specialty metals, manufactured components, and supply chain solutions, primarily serving industrial, automotive, aerospace & defense, and energy markets [4] - The company employs approximately 1,850 people and reported sales of $1.1 billion in 2024 [4] - Metallus has over 100 years of experience in producing high-quality steel, including alloy steel bars and seamless mechanical tubing [4] Labor Relations - The contract covers around 1,200 bargaining employees at Metallus' Canton, Ohio operations [3] - The CEO of Metallus emphasized the importance of constructive cooperation among all parties to reach a beneficial solution for employees and the company [2]

Core Viewpoint - Metallus (NYSE: MTUS) announced that members of the United Steelworkers (USW) Local 1123 voted against ratifying a second tentative labor agreement reached on December 4, 2025, which was intended to provide competitive compensation and benefits while ensuring the company's long-term health [1][2]. Company Overview - Metallus is a leader in high-quality specialty metals, manufactured components, and supply chain solutions, with a focus on serving industrial, automotive, aerospace & defense, and energy markets [4]. - The company has been in the business of producing high-quality steel for over 100 years and employs approximately 1,850 people, reporting sales of $1.1 billion in 2024 [4]. Labor Agreement Details - The proposed labor agreement included historic wage increases, comprehensive healthcare coverage with minimal employee costs, and enhanced work-life benefits such as paid parental leave and improved retirement contributions [6]. - The current labor agreement has been extended until January 29, 2026, covering around 1,200 bargaining employees at the Canton, Ohio operations [3]. Management Response - The CEO of Metallus expressed disappointment over the vote outcome, emphasizing the company's commitment to negotiate in good faith and work towards a resolution that benefits both employees and the company's future [2].

SOURCE Metallus Inc. Accessibility StatementSkip Navigation CANTON, Ohio, Dec. 4, 2025 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components, and supply chain solutions, and the United Steelworkers (USW) Local 1123 have reached a new tentative agreement for a four-year contract after the initial tentative agreement was not ratified by USW members on October 30, 2025. The date of the second vote will be set and announced by the union. "We are pleased to hav ...

Financial Data and Key Metrics Changes - In Q3 2025, net sales totaled $305.9 million, a sequential increase of $1.3 million, primarily driven by higher shipments in aerospace and defense and steady volume across automotive and industrial end markets [12] - Net income was $8.1 million, or $0.19 per diluted share, while adjusted net income was $12 million, or $0.28 per diluted share [12] - Adjusted EBITDA rose to $29 million, a sequential increase of 9%, driven by improved product mix and better fixed cost leverage [12][16] - Operating cash flow was $22 million, with a cash and cash equivalents balance of $191.5 million at the end of Q3 [13] Business Line Data and Key Metrics Changes - Aerospace and defense backlog increased approximately 80% year-over-year, contributing to a favorable product mix [6] - Industrial shipments decreased slightly on a sequential basis, while automotive shipments increased slightly [8][9] - Energy shipments remained at reduced volumes, but there is potential for increased customer share due to declining import levels and tightened tariff enforcement [9] Market Data and Key Metrics Changes - Customer feedback indicated that over 97% of respondents would recommend Metallus products, highlighting strong service and quality [5] - The company successfully sold to over two dozen new customers in 2025, indicating a shift towards domestic supply chain solutions [6] - The current lead times for SBQ bars extend to late January and February for seamless mechanical tubing products [7] Company Strategy and Development Direction - The company aims to secure approximately 70% of its long products business through annual agreements during commercial contract negotiations [6] - Metallus is focused on growing its participation in the vacuum arc remelt (VAR) steel product line and has executed a long-term supply agreement to strengthen its strategic position [10] - The company is committed to delivering value to shareholders by driving profitable growth and executing its capital allocation strategy [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future in the growing aerospace and defense market, with expectations to achieve a run rate of $250 million in annual A&D sales by mid-2026 [10] - The company anticipates lower shipments and slightly weaker product mix in Q4 due to normal year-end seasonality and potential global supply chain challenges [16] - Management remains committed to securing a fair labor agreement, with the current contract extended by 90 days to January 29, 2026 [11] Other Important Information - The company plans to spend $5 million to enhance safety management systems and critical equipment, with zero serious injuries reported in 2025 [4] - Capital expenditures for 2025 are approximately $120 million, slightly lower than previous guidance due to timing of cash payments [14] - The company repurchased 178,000 shares of common stock for $3 million in Q3, reflecting confidence in cash flow generation [15] Q&A Session Summary Question: Automotive business performance and domestic share - Management noted that automotive demand remained solid, with no disruptions from global supply chain challenges yet [20][22] Question: Labor negotiation costs incurred in Q3 - Management indicated that costs incurred were minimal, primarily related to negotiation activities [23] Question: Impact of tariffs on customers - Management stated that the tariff environment has been favorable, with increased inquiries from new customers seeking domestic supply chains [26] Question: Global supply chain challenges - Management highlighted concerns over chip supply and aluminum supply affecting automotive production, particularly with Ford [29] Question: Energy market volume rebound potential - Management indicated that oil prices and global demand will drive potential increases in energy market volumes [40] Question: Order book tracking relative to last year - Management expressed confidence in reaching the goal of being 70% booked for the upcoming year, with positive customer forecasts [43] Question: CapEx spend for next year - Management is in the planning phases for 2026 CapEx, with adjustments made due to timing issues [49] Question: New A&D awards and revenue recognition timing - Management expects significant growth in VAR VIM sales and munitions demand, with material revenue recognition anticipated in 2026 [52]

Financial Performance - Net sales reached $306 million in Q3 2025[13] - Net income was $8 million in Q3 2025[13] - Adjusted EBITDA improved to $29 million in Q3 2025, marking the fourth consecutive quarterly improvement[10, 13] - Adjusted EPS was $028 in Q3 2025[13] - Liquidity stood at $437 million[13] Operational Highlights - Aerospace & Defense backlog increased by approximately 80% compared to the previous year[10] - Melt utilization improved sequentially to 72%[10] - Capital expenditures totaled $284 million in Q3 2025, including $22 million for U S government-funded projects[10] - The company repurchased 02 million common shares for $3 million[10] End Market Performance - Base sales per ton in Aerospace & Defense reached $2,546 in Q3 2025[16] - Base sales per ton in Energy reached $1,644 in Q3 2025[16] Q4 2025 Outlook - Capital expenditures for Q4 2025 are projected to be approximately $45 million, primarily related to U S government-funded projects[21]

Core Insights - Metallus (NYSE: MTUS) is a leader in high-quality specialty metals and has released its third-quarter 2025 results on November 6, 2025 [1][3] - The company will host a conference call for the financial community on November 7, 2025, at 9:00 a.m. ET, which will be accessible via live Internet streaming [1] Company Overview - Metallus manufactures high-performance specialty metals from recycled scrap metal in Canton, OH, serving various end-markets including industrial, automotive, aerospace & defense, and energy [2] - 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 [2] - Metallus has over 100 years of experience in producing high-quality steel and employs approximately 1,850 people, with sales reaching $1.1 billion in 2024 [2]

Company Performance - Metallus (MTUS) reported quarterly earnings of $0.28 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, and showing a significant improvement from a loss of $0.09 per share a year ago, resulting in an earnings surprise of +64.71% [1] - The company achieved revenues of $305.9 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 6.14% and increasing from $227.2 million year-over-year [2] - Over the last four quarters, Metallus has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Metallus shares have increased approximately 27.3% since the beginning of the year, outperforming the S&P 500's gain of 15.6% [3] - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $270.5 million, while for the current fiscal year, it is $0.59 on revenues of $1.14 billion [7] Industry Outlook - The Steel - Specialty industry, to which Metallus belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Metallus may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Financial Performance - Net sales for Q3 2025 were $305.9 million, an increase of $78.7 million, or 34.6% compared to Q3 2024, driven by higher shipments and favorable surcharges [84]. - For the nine months ended September 30, 2025, net sales were $891.0 million, an increase of $47.5 million, or 5.6% compared to the same period in 2024, primarily due to higher shipments and surcharges [87]. - Gross profit for Q3 2025 increased by $22.9 million, or 189.3% compared to Q3 2024, attributed to higher volume and favorable raw material spread [90]. - Base sales for the three months ended September 30, 2025, were $241.9 million, up from $182.0 million in the same period of 2024, reflecting a growth of approximately 32.8% [106]. - The company reported a total of 163.1 thousand ship tons for the three months ended September 30, 2025, compared to 119.9 thousand ship tons for the same period in 2024, indicating a 36.0% increase in shipment volume [106]. Expenses and Investments - SG&A expenses for Q3 2025 rose by $2.0 million, or 8.9%, compared to Q3 2024, mainly due to higher variable compensation and salary [97]. - Capital investments for Q3 2025 were $28.4 million, with a total of $73.7 million for the nine months ended September 30, 2025, focusing on safety and equipment automation [79]. - Capital expenditures for 2025 are projected to be approximately $120 million, including about $90 million funded by the U.S. government [114]. - Net cash used by investing activities for the nine months ended September 30, 2025, was $44.0 million, compared to $3.6 million in the same period of 2024, due to higher capital expenditures [122]. Liquidity and Cash Flow - Total liquidity as of September 30, 2025, was $436.9 million, including cash and cash equivalents of $191.5 million [81]. - The company’s net cash provided by operating activities for the nine months ended September 30, 2025, was $17.9 million, down from $26.4 million in the same period of 2024, primarily due to increased working capital needs [121]. - Total liquidity as of September 30, 2025, was $436.9 million, slightly down from $458.6 million as of December 31, 2024 [112]. - The company expects to meet its working capital needs and other liquidity requirements for at least the next twelve months based on current cash balances and projected cash flows [113]. Share Repurchase and Taxation - The company repurchased 0.2 million and 0.9 million common shares for $3.0 million and $11.9 million in Q3 and the nine months ended September 30, 2025, respectively [81]. - The company repurchased approximately 0.9 million common shares at an aggregate cost of $11.9 million during the nine months ended September 30, 2025, with an average repurchase price of $14.31 per share [118]. - The effective tax rate for Q3 2025 was 25.7%, up from 16.9% in Q3 2024, primarily due to being in a taxable income position [100]. Government Funding and Support - The company received $10.0 million and $28.0 million from the U.S. government in Q3 and the nine months ended September 30, 2025, respectively, as part of a $99.75 million funding agreement [79]. Market and Economic Conditions - The company is closely monitoring trade developments, including tariffs on steel imports, which are expected to positively impact demand for domestic products [81]. - The company is monitoring the impacts of global economic conditions, including potential slowdowns and political risks in regions where it operates [129]. - The company emphasizes the uncertainty of future results due to various factors, including customer demand fluctuations and economic conditions [126]. - The company is cautious about the potential impacts of pandemics and health issues on its operations [129]. Strategic Focus and Goals - The company is focused on achieving its 2030 environmental goals, which may be impacted by changes in regulations and technology adoption [129]. - The company is focused on improving profitability through strategic actions and initiatives [126]. - The company is investing in equipment to support the U.S. Army's munitions production, contingent on timely funding and successful installation [129]. - The company is assessing the availability of financing and interest rates, which could affect its capital-raising capabilities [129]. - The company faces competitive pressures from both domestic and foreign competitors, including price competition and new product introductions [129]. - The company is committed to maintaining appropriate relations with unions to avoid business disruptions [126].