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 ...

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 ...

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]

Group 1 - Metallus and the United Steelworkers will begin discussions on a new labor agreement on August 18, 2025, with the current agreement expiring on September 29, 2025, affecting approximately 1,200 employees in Canton, Ohio [1] - The CEO of Metallus, Mike Williams, emphasized the goal of reaching a fair agreement that ensures job security while aligning with the company's vision and maintaining sustainable profitability [2] - Metallus manufactures high-performance specialty metals from recycled scrap metal, serving various demanding applications in industrial, automotive, aerospace & defense, and energy sectors, with sales of $1.1 billion in 2024 [3]

Company Overview - TimkenSteel was founded in 1917 and became a standalone public company in 2014 [9] - The company produces steel primarily from recycled scrap metal using electric arc furnace (EAF) technology [9] - TimkenSteel's annual melt capacity is approximately 12 million tons, with a shipping capacity of approximately 09 million tons [9] - In 2021, TimkenSteel reported net sales of $13 billion [9] Financial Performance and Targets - TimkenSteel is targeting $80 million of run-rate profitability improvement through optimization [16] - The company generated $341 million of free cash flow [16] - The company's historical average adjusted EBITDA margin is 8%, with a long-term target of over 12% [85] - The company's historical average melt utilization rate is 61%, with a long-term target in the mid-80% range [85] - Capital expenditures are targeted between $30 million and $40 million [85] Environmental Goals - TimkenSteel has established 2030 environmental goals, including a reduction in Scope 1 and Scope 2 GHG emissions [9, 68] - From 2018 to 2021, the company achieved a 31% reduction in fresh water withdrawn [70] - From 2018 to 2021, the company achieved a 29% reduction in waste-to-landfill intensity [71] Q3 2022 Results and Outlook - In Q3 2022, TimkenSteel reported net sales of $3168 million [28] - The company experienced a net loss of $133 million with adjusted EBITDA of $108 million [28] - The company's total liquidity at the end of Q3 2022 was $4872 million [90]

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 released its first-quarter 2025 results on May 8, 2025 [1] Investor Relations - Metallus will host a conference call with the financial community on May 9, 2025, at 9:00 a.m. ET, which will be accessible via live Internet listening [2] - A replay of the conference call will also be available on the company's investor relations website [2]

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 [23] - In 2024, Industrial accounted for 40% of the company's shipment mix and 36% of net sales [23] - In 2024, Aerospace & Defense accounted for 8% of the company's shipment mix and 12% of net sales [23] - In 2024, Energy accounted for 7% of the company's shipment mix and 8% of net sales [23] Financial Performance and Outlook - In Q1 2025, Metallus' net sales were $280.5 million, a 17% increase compared to Q4 2024 [29] - The company's cash and cash equivalents balance was $180.3 million, with total liquidity of $432 million as of March 31, 2025 [29] - The company expects Q2 2025 adjusted EBITDA to be higher than Q1 2025 [29] Capital Allocation and Investment - Planned capital expenditures are approximately $125 million for the full year 2025, inclusive of approximately $90 million of capital expenditures funded by the U S government [29] - From 2022 through Q1 2025, the company repurchased 7.1 million shares for $127.8 million [85]

Financial Performance - The company reported first-quarter 2025 net sales of $280.5 million, a 17% increase from $240.5 million in the fourth quarter of 2024, but a 13% decrease from $321.6 million in the first quarter of 2024 [1][2][3][14] - Net income for the first quarter of 2025 was $1.3 million, or $0.03 per diluted share, compared to a net loss of $21.4 million in the fourth quarter of 2024 and a net income of $24.0 million in the first quarter of 2024 [1][2][3][22] - Adjusted EBITDA for the first quarter of 2025 was $17.7 million, compared to $8.3 million in the fourth quarter of 2024 and $43.4 million in the first quarter of 2024 [1][2][3][22] Operational Insights - The company experienced a 50% increase in order backlog compared to the same period last year, driven by a solid order book and market share gains [4] - Ship tons increased to 152,900 in the first quarter of 2025, a 17% sequential increase, primarily due to higher industrial, automotive, and energy shipments [14] - Manufacturing costs decreased by $12.5 million sequentially due to increased cost absorption from higher production volume [14] Cash Flow and Liquidity - As of March 31, 2025, the company had cash and cash equivalents of $180.3 million and total liquidity of $432.0 million [7][58] - Operating cash flow was an outflow of $38.9 million, primarily due to required pension contributions totaling $52.6 million [7][8] - Capital expenditures for the first quarter were $27.5 million, including $13.9 million for government-funded projects [7][9] Market and Strategic Outlook - The company anticipates second-quarter 2025 adjusted EBITDA to be higher than in the first quarter of 2025, supported by an increasing order book and improved operational performance [11][19] - Planned capital expenditures for the full year of 2025 are approximately $125 million, including about $90 million funded by the U.S. government [19] - The company is focused on strategic investments to drive profitable growth and maintain a share repurchase program [5]