Financial Performance - Metallus reported second-quarter 2025 net sales of $304.6 million, a 9% increase from $280.5 million in the first quarter of 2025 and a 3% increase from $294.7 million in the same quarter last year [1][2][13] - Net income for the second quarter of 2025 was $3.7 million, or $0.09 per diluted share, compared to $1.3 million, or $0.03 per diluted share in the first quarter of 2025, and $4.6 million, or $0.10 per diluted share in the second quarter of 2024 [1][2][3] - Adjusted EBITDA for the second quarter of 2025 was $26.5 million, up from $17.7 million in the first quarter of 2025 and $19.9 million in the second quarter of 2024 [1][2][3] Operational Highlights - The company experienced improved profitability and operating cash flow, driven by stronger end markets and market share gains [4] - Ship tons increased to 167,700 in the second quarter of 2025, a 10% sequential increase and a 12% increase compared to the prior-year second quarter [13] - Melt utilization improved to 71% in the second quarter of 2025 from 65% in the first quarter of 2025 and 53% in the same quarter last year [13] Cash and Liquidity - As of June 30, 2025, the company had cash and cash equivalents of $190.8 million and total liquidity of $437.0 million [6][12] - Operating cash flow for the second quarter was $34.8 million, primarily due to profitability and an income tax refund [6][12] - Capital expenditures totaled $17.8 million in the second quarter, including $15.3 million for government-funded projects [6][12] Government Funding and Contracts - The company received $5.1 million from the U.S. Army as part of a $99.75 million capacity expansion funding agreement [9] - Total government funding received to date amounts to $71.5 million, with expectations for additional funding throughout 2025 and into early 2026 [9] Outlook - The company anticipates third-quarter adjusted EBITDA to be modestly lower than the second quarter due to costs associated with labor negotiations, higher electricity costs, and planned annual shutdown maintenance [10] - Planned capital expenditures for the full year of 2025 are approximately $125 million, including about $90 million funded by the U.S. government [20]

Company Overview - Metallus Inc was renamed in February 2024, formerly known as TimkenSteel Corporation[7] - The company reported net sales of $1.1 billion in 2024[7] - The company's annual melt capacity is approximately 1.2 million tons with a ship capacity of approximately 0.9 million tons[7] Financial Performance and Outlook - In Q4 2024, net sales were $240.5 million with a net loss of $21.4 million and adjusted EBITDA of $8.3 million[20] - The company's total liquidity was $458.6 million at the end of 2024[20] - Capital expenditures are planned to be approximately $125 million in 2025, including approximately $90 million funded by the U S government[20] Market and Strategy - The industrial sector accounts for 40% of shipment tons and 36% of net sales, while the automotive sector accounts for 45% of shipment tons and 42% of net sales in 2024[16] - The company aims to grow A&D product sales to over $250 million in 2026, which is more than double the 2023 sales level[63] - From 2022 through 2024, the company repurchased 6.7 million shares for $122.2 million, with $102.8 million available for repurchase at the end of December 2024[71] Environmental Goals - The company is targeting a 40% absolute reduction in combined Scope 1 and Scope 2 GHG emissions by 2030, compared with a 2018 baseline[54]

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 has been in the business of producing high-quality steel for over 100 years and employs approximately 1,880 people [3] - Metallus reported sales of $1.1 billion in 2024, indicating a strong market presence [3] Financial Results - Metallus released its fourth-quarter and full-year 2024 results on February 27, 2025 [1] - A live conference call to discuss these financial results is scheduled for February 28, 2025, at 9:00 a.m. ET, with access available online [2]