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MTUS News
MTUS Events
Company Reports Q2 Revenue of $341M, Beating Expectations
Reports Q2 revenue $341M, consensus $331.7M. "We delivered a strong second quarter, highlighted by increased shipments, improved pricing and product mix and higher profitability both sequentially and compared with the prior year. Demand remains healthy across our key end markets, supported by a robust order book that provides strong visibility for the second half of 2026. We successfully completed the commissioning of our new bloom reheat furnace and the roller furnace remains on schedule. These investments represent important milestones in our commitment to growing our presence in the aerospace & defense market while continuing to support our long-standing automotive, industrial, energy and distribution customers. The recent investments enhance our manufacturing capabilities, improve operational efficiency, and strengthen our ability to meet increasing customer demand," said Mike Williams, chief executive officer. "As we enter the second half of 2026, we have a healthy order book, favorable product mix, continued pricing momentum and a daily focus on operational execution. As a result, we expect that profitability will continue to improve compared to the same periods last year and cash flow generation will be positive."
Metallus Sees Q3 Adjusted EBITDA 'Slightly Higher' Than Q2
Metallus sees Q3 adjusted EBITDA 'slightly higher' than Q2
Company Reports Q4 Revenue of $267.3M, Below Expectations
Reports Q4 revenue $267.3M, consensus $290.82M. "In 2025, we delivered higher shipments to our customers supported by strengthening demand across our key end markets as the need for domestic steel grew," stated Mike Williams, CEO. "Our aerospace and defense product line delivered strong growth as we expanded customer relationships, increased our presence, and achieved new orders in these strategically important markets. We also advanced our government funded assets to support the growth in 2026 and beyond. While we were not satisfied with our fourth-quarter performance, we took the opportunity to implement longer-term operational improvements and are increasing hourly staffing levels in targeted areas to meet growing demand. As a result, our operations performed better to date in the first quarter. This is an encouraging start to 2026, supported by an order book that is now up more than 50% year-over-year. Looking ahead, we expect first-quarter adjusted EBITDA to increase sequentially, providing the foundation for anticipated stronger performance in each quarter of 2026 compared with the same periods in 2025."
Metallus Expects Q1 Adjusted EBITDA to Exceed Q4
Metallus expects Q1 adjusted EBITDA to be higher than Q4
Metallus Reaches New Tentative Agreement with Union
Metallus and the United Steelworkers Local 1123 have reached a new tentative agreement for a four-year contract after members rejected previous agreements on October 30 and December 18, 2025. The date of the next vote will be set and announced by the union. "We have reached a new tentative agreement that reflects our ongoing effort to balance both the needs of our employees and the priorities of the company," said Mike Williams, chief executive officer of Metallus. "The tentative contract offers a fair and reasonable resolution, and we value the constructive cooperation from all parties to reach a solution that benefits our employees, maintains job stability, and supports Metallus' future success." To allow time for the union to communicate with its members and schedule the next vote, the current labor contract has been extended for an additional 14 days until February 12, 2026. Operations will continue as normal during this period. The contract covers approximately 1,200 bargaining employees at the company's Canton, Ohio operations.
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