Welcome to our dedicated page for Metallus news (Ticker: MTUS), a resource for investors and traders seeking the latest updates and insights on Metallus stock.
Metallus Inc. (NYSE: MTUS) is a U.S. manufacturer of high-performance specialty metals, alloy steel bars, seamless mechanical tubing and manufactured components produced from recycled scrap metal in Canton, Ohio. Its products serve demanding applications in industrial, automotive, aerospace & defense and energy end-markets, making the company’s news flow relevant to investors and industry participants who track these sectors.
The Metallus news page on Stock Titan aggregates company-specific updates drawn from official press releases and other public sources. Readers can follow announcements about quarterly financial results, including earnings releases and related conference call and webcast details, as highlighted by the company’s third-quarter 2025 results and webcast notices. These items provide insight into sales trends, profitability metrics and capital allocation decisions such as share repurchases and capital expenditures, as described in Metallus’ own communications.
News coverage also includes labor relations developments with United Steelworkers (USW) Local 1123, such as tentative labor agreements, contract extensions and ratification votes affecting approximately 1,200 bargaining employees at the company’s Canton operations. These updates can be important for understanding operational continuity and workforce dynamics.
In addition, Metallus issues releases on recognition and awards, such as being named a NorthCoast 99 award winner, and on topics connected to its participation in defense-related programs and equipment investments supported by U.S. government funding. By reviewing the MTUS news feed, users can monitor how Metallus communicates about its specialty metals business, end-market demand, labor agreements and strategic initiatives over time.
Metallus (NYSE: MTUS) reported Q4 2024 financial results with net sales of $240.5 million and a net loss of $21.4 million ($0.50 per share). Full-year 2024 performance showed net sales of $1.1 billion with net income of $1.3 million ($0.03 per share).
Q4 highlights include:
- Ship tons increased 9% sequentially to 130,200
- Melt utilization declined to 56% from 60% in Q3
- Operating cash flow of $13.9 million
- Cash balance of $240.7 million with total liquidity of $458.6 million
For 2024, the company invested $64.3 million in capital expenditures and $54.8 million in share/note repurchases. The aerospace & defense segment showed 17% growth to $134.9 million. Looking ahead, Q1 2025 adjusted EBITDA is expected to improve, with planned capital expenditures of $125 million for 2025.
Metallus (NYSE: MTUS), a specialty metals and manufactured components company, has scheduled its fourth-quarter and full-year 2024 earnings release for Thursday, February 27, 2025, after the NYSE market close. The company will host a conference call with the financial community on Friday, February 28, 2025, at 9:00 a.m. ET. Investors can access the live webcast and subsequent replay of the conference call through the company's investor relations website at investors.metallus.com.
Metallus (NYSE: MTUS), previously known as TimkenSteel, announced its third-quarter 2024 earnings results on November 7, 2024. The company, a leader in high-quality specialty metals, manufactured components, and supply chain solutions, will host a live conference call with the financial community on November 8, 2024, at 9:00 a.m. ET. The call will be accessible via live Internet broadcast at investors.metallus.com, with a replay available at the same site.
Metallus (NYSE: MTUS) reported Q3 2024 financial results with net sales of $227.2 million, representing a 23% decrease from Q2 2024 ($294.7 million) and a 36% decrease from Q3 2023 ($354.2 million). The company posted a net loss of $5.9 million, or $0.13 per diluted share, and adjusted EBITDA of $6.1 million. Ship tons decreased 20% sequentially to 119,900 tons. The company maintained strong liquidity of $496.8 million, invested $17.6 million in capital expenditures, and repurchased shares worth $20.1 million. The company received $35.5 million from the U.S. Army as part of a $99.75 million funding agreement for munitions production capacity expansion.
Metallus (NYSE: MTUS), formerly known as TimkenSteel, has announced details for its third-quarter 2024 earnings webcast. The company, a leader in high-quality specialty metals, manufactured components, and supply chain solutions, will release its Q3 2024 results on Thursday, November 7, after the New York Stock Exchange market closes.
A live conference call with the financial community is scheduled for Friday, November 8, 2024, at 9:00 a.m. ET. Interested parties can access the live broadcast at investors.metallus.com. A replay of the conference call will also be available on the same website for those unable to attend the live event.
Metallus (NYSE: MTUS), a leader in specialty metals and supply chain solutions, has been awarded the 2024 NorthCoast 99 award by ERC, recognizing it as one of the top 99 workplaces in Northeast Ohio. The award, now in its 26th year, honors companies that excel in attracting and retaining top talent. Metallus underwent a rigorous application process, demonstrating excellence in areas such as diversity and inclusion, employee engagement, well-being, and talent development.
Mike Williams, Metallus' CEO, expressed pride in the recognition, stating it reflects the company's commitment to fostering a culture of care, collaboration, and growth. The award aligns with Metallus' mission to deliver exceptional value to customers, employees, and shareholders while maintaining its position as an industry leader in high-quality specialty metals and manufactured components.
Metallus (NYSE: MTUS), formerly known as TimkenSteel, a leader in high-quality specialty metals, manufactured components, and supply chain solutions, has released its second-quarter 2024 results on Thursday, August 8 on the New York Stock Exchange. The company will host a live conference call with the financial community on Friday, August 9, 2024, at 9:00 a.m. ET.
Investors can access the live webcast and replay of the conference call at investors.metallus.com. This event provides an opportunity for stakeholders to gain insights into Metallus's financial performance and future outlook.
Metallus (NYSE: MTUS) reported Q2 2024 results with net sales of $294.7 million, down 8% from Q1 2024 and 17% year-over-year. Net income was $4.6 million ($0.10 per diluted share), while adjusted EBITDA was $19.9 million. The company faced softness in industrial and energy markets but saw steady automotive shipments and strong aerospace & defense demand. Metallus generated $8.3 million in operating cash flow and ended the quarter with $272.8 million in cash. The company invested $14.1 million in capital expenditures and repurchased $9.6 million in common shares. Metallus received initial funding from the U.S. government to support increased munitions production capacity.
Metallus (NYSE: MTUS) has received $3.5 million in grants from JobsOhio to support the expansion of its steelmaking plants in Canton, Ohio. The company plans to invest over $100 million in partnership with the U.S. Department of Defense for munitions programs. The grants will fund training, equipment modernization, and talent upskilling for state-of-the-art steelmaking.
The investment aims to increase capacity for high-quality defense products and secure Canton-area jobs. Lt. Governor Jon Husted attended the groundbreaking ceremony, emphasizing the importance of steel production for economic and national security. JobsOhio and local economic development organizations expressed support for Metallus' expansion, highlighting its impact on manufacturing excellence and the local economy.
Metallus (NYSE: MTUS), formerly known as TimkenSteel, has announced details for its second-quarter 2024 earnings webcast. The company, a leader in high-quality specialty metals, manufactured components, and supply chain solutions, will release its Q2 2024 results on Thursday, August 8, 2024, after the New York Stock Exchange market closes.
A live conference call with the financial community is scheduled for Friday, August 9, 2024, at 9:00 a.m. ET. Investors can access the live broadcast and replay of the conference call at investors.metallus.com.
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