Metallus (MTUS) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -61.54%. A quarter ago, it was expected that this maker of steel large bars and seamless mechanical tubing would post earnings of $0.35 per share when it actually produced earnings of $0.56, delivering a surprise of 60%. ...

fa 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, 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 o ...

Exhibit 99.1 METALLUS Metallus Announces Second-Quarter 2024 Results • Net sales of $294.7 million with net income of $4.6 million and adjusted EBITDA (1) of $19.9 million • Operating cash flow of $8.3 million with ending cash and cash equivalents of $272.8 million • Invested $14.1 million in capital expenditures and deployed $9.6 million to repurchase common shares • Received initial payment from the U.S. government to fund additional capacity to support the Army's mission of ramping up munition production ...

• Lt. Governor Jon Husted and other officials attended today's groundbreaking ceremony CANTON, Ohio, Aug. 7, 2024 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components and supply chain solutions, announced today that it has received $3.5 million in grants from JobsOhio to support the planned expansion of its steelmaking plants. Metallus, formerly known as TimkenSteel, plans to invest more than $100 million in partnership with the U.S. Department of Defense ...

CANTON, Ohio, July 18, 2024 /PRNewswire/ -- Metallus (NYSE: MTUS), formerly known as TimkenSteel and a leader in high-quality specialty metals, manufactured components, and supply chain solutions, will release its second-quarter 2024 results on Thursday, August 8, after the market closes on the New York Stock Exchange. ABOUT METALLUS INC. SOURCE Metallus Inc. The company will provide live Internet listening access to its conference call with the financial community scheduled for Friday, August 9, 2024, at 9 ...

Metallus Inc. (NYSE:MTUS) Q1 2024 Earnings Conference Call May 10, 2024 9:00 AM ET Company Participants Jennifer Beeman – Director Communications & Investor Relations Mike Williams – President and Chief Executive Officer Kris Westbrooks – Executive Vice President and Chief Financial Officer Conference Call Participants John Franzreb – Sidoti & Company Philip Gibbs – KeyBanc Capital Markets Operator Thank you for standing my. My name is Mark, and I will be your conference operator today. At this time, I woul ...

For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 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 METALLUS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 1835 Dueber Avenue SW, Canton, OH ...

Exhibit 99.1 Metallus Announces First-Quarter 2024 Results CANTON, Ohio: May 9, 2024 – Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components and supply chain solutions, today reported first-quarter 2024 net sales of $321.6 million and net income of $24.0 million, or $0.52 per diluted share. On an adjusted basis (1) , the first-quarter 2024 net income was $26.1 million, or $0.56 per diluted share, and adjusted EBITDA was $43.4 million. This compares with the sequential fou ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) (State or other jurisdiction of incorporation or organization) (I.R. ...

Net Sales Performance - Q4 2023 net sales of $328.1 million, a 7% decrease from Q3 2023's $354.2 million, primarily due to lower shipments and raw material surcharge revenue[11] - Full-year 2023 net sales increased 2% to $1.4 billion, driven by higher base sales prices, partially offset by lower raw material surcharge revenue and shipments[12] - Net sales for Q4 2023 increased to $328.1 million, up 33.7% from $245.4 million in Q4 2022[26] - Full-year net sales for 2023 reached $1,362.4 million, a 2.4% increase from $1,329.9 million in 2022[26] - Net sales for Q1 2023 were $323.5 million, down 8.1% from $352.0 million in Q1 2022, with base sales declining 1.1% to $240.7 million[66] - Full-year 2023 net sales reached $1,362.4 million, a 2.4% increase from $1,329.9 million in 2022, with base sales growing 11.8% to $1,022.1 million[67] Net Income and Profitability - Q4 2023 net income of $1.3 million, compared to a net loss of $33.2 million in Q4 2022[4] - Full-year 2023 net income of $69.4 million, up from $65.1 million in 2022[10] - Net income for Q4 2023 was $1.3 million, compared to a net loss of $33.2 million in Q4 2022[26] - Full-year net income for 2023 increased to $69.4 million, up 6.6% from $65.1 million in 2022[26] - Net income for Q4 2023 was $1.3 million, compared to a net loss of $33.2 million in Q4 2022[30] - Adjusted net income for Q4 2023 was $16.5 million, compared to an adjusted net loss of $4.6 million in Q4 2022[35] - Adjusted net income for the year ended December 31, 2023 was $89.8 million, compared to $94.2 million in 2022[44] - Net income margin for 2023 was 5.1%, up from 4.9% in 2022[53] EBITDA and Adjusted EBITDA - Q4 2023 adjusted EBITDA of $35.7 million, down from $46.8 million in Q3 2023[2][3] - Full-year 2023 adjusted EBITDA of $169.0 million, slightly down from $172.2 million in 2022[10] - Adjusted EBITDA for full-year 2023 was $169 million, slightly down from $172 million in 2022, with price/mix contributing $88 million to the change[72] - Adjusted EBITDA for 2023 was $169.0 million, with a margin of 12.4%, slightly lower than $172.2 million and 12.9% margin in 2022[53] Cash Flow and Liquidity - Q4 2023 operating cash flow of $74.1 million, with full-year operating cash flow of $125.3 million[13] - Total liquidity of $539.4 million as of December 31, 2023, including $280.6 million in cash and cash equivalents[13] - Cash and cash equivalents as of December 31, 2023, stood at $280.6 million, up 9.1% from $257.2 million in 2022[29] - Net cash provided by operating activities for Q4 2023 was $74.1 million, up from $23.7 million in Q4 2022[30] - Free cash flow for Q4 2023 was $58.7 million, compared to $12.3 million in Q4 2022[32] - Total cash, cash equivalents, and restricted cash at the end of Q4 2023 was $281.3 million, up from $257.8 million at the end of Q4 2022[30] - Total liquidity increased to $539.4 million in 2023, up from $490.7 million in 2022, driven by higher cash and cash equivalents and available borrowing capacity[70] Segment Performance - Aerospace & defense net sales increased 44% to $115.0 million in 2023, representing 8% of consolidated net sales[12] - Aerospace & Defense segment was separated from the Industrial segment in Q4 2023 for better visibility into growth areas, with retrospective adjustments applied for comparability[61] - Total Ship Tons in Q4 2023 reached 157.6 thousand, with Net Sales of $328.1 million, up from 128.3 thousand Ship Tons and $245.4 million Net Sales in Q4 2022[63] - Aerospace & Defense segment showed significant growth, with Ship Tons increasing from 7.0 thousand in Q4 2022 to 18.5 thousand in Q4 2023, and Net Sales rising from $24.9 million to $44.1 million[63] - Base Sales per Ton in Q4 2023 were $1,658, up from $1,488 in Q4 2022, driven by strong performance in Aerospace & Defense ($2,065 per Ton) and Energy ($1,961 per Ton)[63] - Automotive segment Ship Tons remained stable at 67.4 thousand in Q4 2023, with Net Sales increasing to $127.1 million from $112.1 million in Q4 2022[63] - Industrial segment Ship Tons grew to 58.7 thousand in Q4 2023, up from 40.5 thousand in Q4 2022, with Net Sales rising to $118.0 million from $74.6 million[63] - Energy segment Ship Tons remained steady at 13.0 thousand in Q4 2023, with Net Sales increasing to $32.7 million from $29.3 million in Q4 2022[63] - Net Sales per Ton in Q4 2023 were $2,082, up from $1,913 in Q4 2022, driven by higher pricing and product mix improvements[63] - Aerospace & Defense segment Net Sales per Ton surged to $2,384 in Q4 2023, up from $3,557 in Q4 2022, reflecting strong demand and pricing power[63] - Aerospace & Defense segment net sales per ton increased to $2,486 in Q1 2023, up 12.7% from $2,261 in Q1 2022[66] - Energy segment net sales per ton rose to $2,387 in 2023, a 10.3% increase from $2,165 in 2022[67] - Automotive segment ship tons decreased to 80.4 thousand in Q1 2023, down 9.6% from 88.9 thousand in Q1 2022[66] - Industrial segment base sales per ton grew to $1,459 in 2023, up 16.0% from $1,258 in 2022[67] Costs and Expenses - Surcharges per Ton in Q4 2023 were $424, slightly down from $425 in Q4 2022, reflecting stable pricing adjustments across segments[63] - Surcharges per ton across all segments averaged $479 in Q1 2023, a 13.4% decrease from $553 in Q1 2022[66] - Manufacturing costs negatively impacted Adjusted EBITDA by $21 million in 2023 compared to 2022[72] - Pension and postretirement expense for Q4 2023 was $40.7 million, compared to $4.2 million in Q4 2022[30] - The company incurred $0.5 million in rebranding costs in Q4 2023 related to its name change to Metallus Inc.[38] - IT transformation costs were $4.3 million in 2023, primarily related to professional service fees for technology modernization[46][56] - Rebranding costs in 2023 were $1.0 million, associated with the company's name change to Metallus Inc.[47][56] Insurance Recoveries and Other Items - The company recognized a $20.0 million insurance recovery in Q4 2023 related to unplanned downtime at the Faircrest melt shop in 2022[38] - The company recognized an insurance recovery of $31.3 million in 2023 related to unplanned operational downtime in 2022[47][57] Shareholder Equity and Assets - Total assets increased to $1,175.3 million in 2023, up 8.6% from $1,082.0 million in 2022[29] - Total current liabilities rose to $248.4 million in 2023, up 33.0% from $186.7 million in 2022[29] - Shareholders' equity increased to $731.6 million in 2023, up 6.6% from $686.5 million in 2022[29] Earnings Per Share - Adjusted diluted earnings per share for Q4 2023 was $0.36, compared to an adjusted diluted loss per share of $0.10 in Q4 2022[35] - Adjusted diluted earnings per share for 2023 was $1.91, slightly higher than $1.87 in 2022[44] - Total diluted weighted average shares outstanding for 2023 was 47.8 million, down from 51.5 million in 2022[44][50] Capital Expenditures - Capital expenditures for Q4 2023 were $15.4 million, up from $11.4 million in Q4 2022[30] EBIT and Margins - EBIT for 2023 was $89.3 million, with an EBIT margin of 6.6%, compared to $97.7 million and 7.3% margin in 2022[53] - Adjusted EBIT margin for 2023 was 8.3%, compared to 8.6% in 2022[53] Gross Profit - Gross profit for Q4 2023 was $41.4 million, a significant improvement from a loss of $20.3 million in Q4 2022[26] - Full-year gross profit for 2023 rose to $186.5 million, up 47.2% from $126.7 million in 2022[26] Future Outlook - Q1 2024 adjusted EBITDA expected to be slightly lower than Q4 2023's $35.7 million[15]