Metallus Inc

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Metallus, Inc. engages in the manufacture of alloy, carbon and micro-alloy steel products. The firm's products include special bar quality steel, seamless mechanical tubing, gears, grades of steel, jumbo bloom vertical caster, TimkenSteel ultrapremium technology, and TimkenSteel endurance steels. Its services include thermal treatment, value added components, technical support and testing, supply chain, and TimkenSteel portal. The company was founded on October 24, 2013 and is headquartered in Canton, OH.

CANTON, Ohio , Aug. 23, 2024 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components and supply chain solutions, has been named a 2024 NorthCoast 99 award winner by ERC, the Employers Resource Council. The NorthCoast 99 award honors 99 great Northeast Ohio workplaces for top talent.

Metallus Honored with 2024 NorthCoast 99 Award

Metallus Inc. (NYSE:MTUS ) Q2 2024 Earnings Conference Call August 9, 2024 9:00 AM ET Company Participants Mike Williams - President, Chief Executive Officer Kris Westbrooks - Executive Vice President, Chief Financial Officer Kevin Raketich - Executive Vice President, Chief Commercial Officer Jennifer Beeman - Director Communications & Investor Relations Conference Call Participants John Franzreb - Sidoti Dave Storms - Stonegate Phil Gibbs - Keybanc Capital Markets Operator Hello! And thank you for standing by.

Metallus Inc. (MTUS) Q2 2024 Earnings Call Transcript

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.

REMINDER: Metallus Announces Second-Quarter 2024 Earnings Webcast Details

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.

Metallus (MTUS) Misses Q2 Earnings and Revenue Estimates

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 CANTON, Ohio , Aug. 8, 2024 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components and supply chain solutions, today reported second-quarter 2024 net sales of $294.7 million and net income of $4.6 million, or $0.10 per diluted share. On an adjusted basis(1), the second-quarter 2024 net income was $6.7 million, or $0.15 per diluted share, and adjusted EBITDA was $19.9 million.

Metallus Announces Second-Quarter 2024 Results

•     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 Receives $3.5 Million in Grants from JobsOhio in Support of Planned Expansion of its Steelmaking Plants in Canton

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. 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.

Metallus Announces Second-Quarter 2024 Earnings Webcast Details

Prudential Financial

CANTON, Ohio , May 20, 2024 /PRNewswire/ -- Metallus Inc. (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components and supply chain solutions, on May 15, 2024, entered into an agreement to purchase a group annuity contract from The Prudential Insurance Company of America ("Prudential") in connection with the termination of the TimkenSteel Corporation Retirement Plan (the "Salaried Pension Plan"). The Salaried Pension Plan termination settles approximately $121 million of the company's remaining U.S. pension obligations.

Metallus to Purchase Group Annuity Contract for Pension Benefits

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.

Metallus Inc. (MTUS) Q1 2024 Earnings Call Transcript

Net sales of $321.6 million with net income of $24.0 million and adjusted EBITDA(1) of $43.4 million Operating cash flow of $33.4 million with ending cash and cash equivalents of $278.1 million Invested $17.4 million in capital expenditures and deployed $4.4 million to repurchase common shares On May 6, 2024, the company's Board of Directors authorized an additional $100 million common share repurchase program CANTON, Ohio , May 9, 2024 /PRNewswire/ -- 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.

Metallus Announces First-Quarter 2024 Results

CANTON, Ohio , May 7, 2024 /PRNewswire/ -- Metallus (NYSE: MTUS) – At the 2024 Annual Meeting of Shareholders of Metallus Inc. held earlier today the shareholders elected Melissa M. Miller, Executive Vice President and Chief Human Resources Officer at Arconic Corporation, as a new independent director.

Melissa M. Miller Elected to Metallus' Board of Directors

CANTON, Ohio , April 18, 2024 /PRNewswire/ -- Metallus (NYSE: MTUS), formerly known as TimkenSteel, a leader in high-quality specialty metals, manufactured components, and supply chain solutions, will release its 2024 first-quarter financial results on Thursday, May 9, after the market closes 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, May 10, 2024, at 9:00 a.m.

Metallus Announces First-Quarter 2024 Earnings Webcast Details

CANTON, Ohio , April 10, 2024 /PRNewswire/ -- Metallus (NYSE: MTUS), formerly known as TimkenSteel, a leader in high-quality specialty metals, manufactured components and supply chain solutions, today announces its membership in the Global Steel Climate Council (GSCC), reaffirming its commitment to sustainable steel production practices. This partnership underscores Metallus' dedication to environmental stewardship and marks another significant milestone in the company's sustainability journey.

Metallus Joins the Global Steel Climate Council and Releases its 2023 Sustainability Update

Metallus Inc. (MTUS) Q4 2023 Earnings Call Transcript

CANTON, Ohio , Feb. 27, 2024 /PRNewswire/ -- Metallus (NYSE: MTUS), formerly known as TimkenSteel and a leader in high-quality specialty metals, manufactured components, and supply chain solutions, today announced that the company has entered an agreement for up to $99 million in funding from the United States Army, half of which is currently obligated with the balance subject to mutual agreement during subsequent phases after the final project details are presented to the Army. This funding will support a project aimed at bolstering the Army's mission of ramping up artillery shell production in the coming years.

Metallus Enters into Agreement with United States Army for Munitions Expansion

Net sales of $328.1 million in the fourth quarter and $1.4 billion for the full year Fourth-quarter net income of $1.3 million and full-year net income of $69.4 million with adjusted EBITDA(1) of $35.7 million in the fourth quarter and $169.0 million for the full year Operating cash flow of $74.1 million in the fourth quarter with $125.3 million for the full year For the full year, the company deployed $51.6 million of cash for capital investments and $32.6 million to repurchase common shares Cash and cash equivalents totaled $280.6 million with total liquidity(2) of $539.4 million at the end of 2023 CANTON, Ohio , Feb. 27, 2024 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components and supply chain solutions, today reported fourth-quarter 2023 net sales of $328.1 million and net income of $1.3 million, or $0.03 per diluted share. On an adjusted basis(1), the fourth-quarter 2023 net income was $16.5 million, or $0.36 per diluted share, and adjusted EBITDA was $35.7 million.

Metallus Announces Fourth-Quarter and Full-Year 2023 Results

News for Metallus Inc Stock (MTUS)