Metallus Inc. (NYSE:MTUS) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Jennifer Beeman - Director Communications & IR Mike Williams - President and CEO Kris Westbrooks - EVP and CFO Conference Call Participants John Franzreb - Sidoti and Company Robert Lynch - Stonegate Capital Partners Operator Good morning. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the Third Quarter 2024 Metallus Inc. Earnings Call ...

CANTON, Ohio, Nov. 8, 2024 /PRNewswire/ -- Metallus (NYSE: MTUS), formerly known as TimkenSteel and a leader in high-quality specialty metals, manufactured components, and supply chain solutions, released its third-quarter 2024 results on Thursday, November 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, November 8, 2024, at 9:00 a.m. ET. The live conference call will be broadcast at investors. ...

Metallus (MTUS) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of $0.06. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -250%. A quarter ago, it was expected that this maker of steel large bars and seamless mechanical tubing would post earnings of $0.39 per share when it actually produced earnings of $0.15, delivering a surprise of -61.54%.Over the last ...

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 September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-36313 METALLUS INC. (Exact name of registrant as specified in its charter) Ohio 46-4024951 (State or other jurisdiction of incorporation ...

Exhibit 99.1 METALLUS Metallus Announces Third-Quarter 2024 Results • Net sales of $227.2 million with net loss of $5.9 million and adjusted EBITDA (1) of $6.1 million • Invested $17.6 million in capital expenditures and deployed $20.1 million to repurchase shares • Strong total liquidity (2) of $496.8 million as of September 30, 2024 • Company remains on track with investments to increase capacity in support of the U.S. Army's mission of ramping up munitions production CANTON, Ohio: November 7, 2024 – Meta ...

Net sales of $227.2 million with net loss of $5.9 million and adjusted EBITDA(1) of $6.1 million Invested $17.6 million in capital expenditures and deployed $20.1 million to repurchase shares Strong total liquidity(2) of $496.8 million as of September 30, 2024 Company remains on track with investments to increase capacity in support of the U.S. Army's mission of ramping up munitions productionCANTON, Ohio, Nov. 7, 2024 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufa ...

Company Overview - Metallus, formerly known as TimkenSteel, is a leader in high-quality specialty metals, manufactured components, and supply chain solutions [1] - The company operates in Canton, Ohio, and specializes in high-performance specialty metals made from recycled scrap metal [2] - Metallus serves various demanding applications in industrial, automotive, aerospace & defense, and energy end markets [2] Financial Performance - Metallus reported sales of $1.4 billion in 2023 [2] - The company employs approximately 1,860 people [2] Upcoming Events - Metallus will release its third-quarter 2024 results on November 7, 2024, after market close [1] - A conference call with the financial community is scheduled for November 8, 2024, at 9:00 a.m. ET, which will be accessible via live Internet broadcast [1]

Company Overview - Metallus (NYSE: MTUS) 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 end markets [6] - The company has been in the business of producing high-quality steel for over 100 years and employs approximately 1,890 people [6] - Metallus reported sales of $1.4 billion in 2023 [6] Recognition and Awards - Metallus has been named a 2024 NorthCoast 99 award winner by ERC, recognizing it as one of the top workplaces in Northeast Ohio for attracting and retaining top talent [1][3] - The NorthCoast 99 award program, launched 26 years ago, provides insights into effective policies and practices for talent management, including diversity, equity, inclusion, and employee engagement [2] Leadership and Culture - The recognition as a NorthCoast 99 award winner is attributed to the dedication and talent of Metallus' team, emphasizing the company's commitment to a culture of care, collaboration, communication, and growth [3] - Metallus aims to deliver exceptional value to customers, employees, and shareholders while maintaining its status as an industry leader [3] Industry Context - The NorthCoast 99 award winners are recognized for their ability to evolve and respond to the needs of today's talent, setting a benchmark for excellence in workplace practices [4]

Financial Data and Key Metrics Changes - In Q2 2024, net sales totaled $294.7 million, a sequential decrease of 8% from $321.6 million in Q1 2024 and down from $356.6 million in Q2 2023 [11][12] - Net income for Q2 2024 was $4.6 million, or $0.10 per diluted share, compared to $24 million, or $0.52 per diluted share in Q1 2024 and $28.9 million, or $0.62 per diluted share in Q2 2023 [11][12] - Adjusted EBITDA was $19.9 million in Q2 2024, reflecting a sequential decline primarily due to lower melt utilization and a decrease in raw material surcharge revenue [12][13] Business Line Data and Key Metrics Changes - Shipments in the industrial end market totaled 56,400 tons, a sequential decrease of 7% [13] - Automotive shipments increased by 2% to 67,800 tons, indicating steady customer demand despite supply chain disruptions [13][14] - Aerospace and defense shipments remained strong at 16,400 tons, consistent with Q1, but a decline is expected in Q3 due to customer order timing [13][14] Market Data and Key Metrics Changes - The industrial and energy markets continued to show weakness, with agricultural machinery investments being delayed due to higher prices and interest rates [7][14] - Imports of SBQ increased from 10% to 17% of the market, contributing to pressure on pricing [8] - Rail and mining markets are expected to remain soft for the year, impacting overall demand [7] Company Strategy and Development Direction - The company is focused on aligning production with demand, managing working capital, and investing in assets for future growth [4][5] - Significant capital investments are being made, including a $3.5 million grant from JobsOhio for facility expansion and a $99 million funding agreement with the U.S. Army for national defense efforts [9][10] - The company aims to enhance product quality and reliability while reducing costs through strategic investments in technology [10][19] Management's Comments on Operating Environment and Future Outlook - Management noted that sluggish demand in the spot market and high interest rates are impacting revenue expectations [24][25] - A sequential decline in shipments is anticipated for Q3, particularly in aerospace and defense, while automotive demand is expected to remain steady [21][22] - The company remains committed to controlling costs and investing in strategic initiatives despite current market challenges [33][34] Other Important Information - The company allocated $4.5 million towards safety initiatives, with a total annual safety investment projection of approximately $7 million [6] - Operating cash flow for Q2 was $8.3 million, supported by profitability and lower working capital [17][20] - The company repurchased 440,000 shares at a cost of $9.6 million during Q2, with a remaining authorization of $122.5 million for share repurchases [19][20] Q&A Session Summary Question: What were the biggest surprises in Q2? - Management highlighted the lack of demand from the spot market and the impact of customer mix on pricing as significant surprises [24][25] Question: How will automotive downtime affect future shipments? - Management indicated that automotive customers who experienced downtime are expected to recover in Q3, but demand from some OEMs may be reduced [26][27] Question: What is the expected drop-off in aerospace and defense shipments for Q3? - A significant drop is anticipated, with expectations to reset to prior year levels [28][30] Question: How is the company managing costs in the current market? - The company is focused on optimizing costs while implementing strategic investments in technology and employee training [33] Question: What is the status of the Bloom project? - The company has met several milestones for the Bloom project, with additional funding expected as milestones are achieved [35][46]

CANTON, Ohio, Aug. 9, 2024 /PRNewswire/ -- Metallus (NYSE: MTUS), formerly known as TimkenSteel and a leader in high-quality specialty metals, manufactured components, and supply chain solutions, released its second-quarter 2024 results on Thursday, August 8 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 9, 2024, at 9:00 a.m. ET. The live conference call will be broadcast at investors.me ...