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) announced an agreement to purchase a group annuity contract from Prudential to terminate the TimkenSteel Retirement Plan, settling around $121 million of pension obligations. This move impacts about 1,000 plan participants, with Prudential starting benefit payments on August 1, 2024. The transaction involves no cash contribution from Metallus and is expected to reduce its U.S. pension obligation by $124 million, reflecting a 20% reduction. Additionally, Metallus anticipates a $3 million non-cash pension settlement gain in Q2.
Metallus reported first-quarter 2024 net sales of $321.6 million, net income of $24.0 million, and adjusted EBITDA of $43.4 million. The company authorized a $100 million share repurchase program on May 6, 2024. Cash and cash equivalents balance was $278.1 million as of March 31, 2024. Operating cash flow was $33.4 million in the first quarter. The company expects second-quarter 2024 adjusted EBITDA to be lower than the first quarter due to various factors.
Metallus (NYSE: MTUS) announces the election of Melissa M. Miller, a seasoned industry professional, as a new independent director to its Board of Directors. Miller, currently serving as the Executive Vice President and Chief Human Resources Officer at Arconic , brings a wealth of experience in achieving growth targets through an engaged workforce and emphasizing integrity, safety, sustainability, and operational excellence. The company also re-elected existing directors for additional terms, with eleven directors now serving on the board.
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