Core Points - Metallus (NYSE: MTUS) has agreed to extend its contract with the United Steelworkers (USW) Local 1123 until October 15, 2025, allowing for continued negotiations [1][2] - The current agreement affects approximately 1,200 bargaining employees at Metallus' Canton, Ohio operations [2] - Metallus reported sales of $1.1 billion in 2024 and has been in the business of producing high-quality steel for over 100 years [3] Company Overview - Metallus specializes in high-performance specialty metals, manufactured components, and supply chain solutions, primarily serving industrial, automotive, aerospace & defense, and energy markets [3] - The company employs around 1,850 people and is recognized as a premier U.S. producer of alloy steel bars and seamless mechanical tubing [3]

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 [5] - The company has been in the business of producing high-quality steel for over 100 years and employs approximately 1,850 people [5] - Metallus reported sales of $1.1 billion in 2024 [5] Awards and Recognition - Metallus has been named a 2025 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 27 years ago, aims to make Northeast Ohio a prime destination for companies and high-performing individuals [2] - The award reflects Metallus' commitment to a culture of care, collaboration, communication, and growth, which is essential for attracting and retaining talent [3] Industry Insights - The NorthCoast 99 winners undergo a rigorous application process that evaluates their strategies in employee engagement, talent development, well-being, and total rewards [2] - The 2025 NorthCoast 99 awards program is supported by various sponsors, indicating a strong community and industry backing for recognizing workplace excellence [4]

Core Viewpoint - Metallus, a leader in specialty metals and supply chain solutions, released its second-quarter 2025 results, indicating ongoing performance in high-demand markets [1]. Company Overview - Metallus (NYSE: MTUS) specializes in high-performance specialty metals manufactured from recycled scrap metal, serving industrial, automotive, aerospace & defense, and energy sectors [3]. - The company has over 100 years of experience in producing high-quality steel and employs approximately 1,850 people [3]. - In 2024, Metallus reported sales of $1.1 billion, highlighting its significant market presence [3]. Conference Call Information - The company scheduled a live conference call 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 for interested parties [2].

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]