Metallus Inc. SEC Filings

Metallus Inc. entered into a Fifth Amended and Restated Credit Agreement providing a new $300 million asset-based revolving credit facility with a syndicate of lenders led by JPMorgan Chase. This facility is secured by substantially all personal property of Metallus and key domestic subsidiaries and is guaranteed by those subsidiaries.

The facility includes a $15 million letter-of-credit sublimit and a $40 million swingline loan sublimit, with options to increase lender commitments by up to $200 million plus a separate $30 million first-in, last-out tranche if conditions are met. Borrowing availability is tied to a borrowing base of eligible receivables, inventory, and equipment, and the facility carries variable interest based on either an Alternate Base Rate or Adjusted Term SOFR plus a margin, plus a 0.25% fee on unused commitments.

The credit facility matures on June 30, 2031, and requires mandatory prepayments from certain asset sales or capital raises before then. As of June 30, 2026, Metallus had $5.3 million outstanding in letters of credit under this facility, which is intended to support working capital, capital spending, permitted acquisitions, and general corporate purposes.

Metallus Inc. executive vice president and chief financial officer John M. Zaranec reported a tax-related share disposition. On June 16, 2026, 5,198 Common Shares were delivered at $20.00 per share to satisfy an exercise price or tax liability. Following this transaction, he directly owns 45,862 Common Shares of Metallus Inc.

State Street Corporation reports beneficial ownership of 2,799,274 shares of Metallus Inc common stock, representing 6.7% of the class as of 03/31/2026. The filing shows shared voting power of 2,727,940 shares and lists affiliated investment-advisor subsidiaries as holders.

The schedule is a passive ownership disclosure under a Schedule 13G filing and identifies SSGA Funds Management and State Street Global Advisors entities as related parties. Signature on the form is by a senior officer on 05/12/2026.

Metallus Inc. reported stronger first-quarter 2026 results, with net sales of $308.3 million, up 9.9% from $280.5 million a year earlier. Net income rose to $5.4 million from $1.3 million, and diluted earnings per share increased to $0.13 from $0.03.

Gross profit improved to $25.1 million, helped by higher shipments, better price/mix and raw material spread, partly offset by increased manufacturing costs. Aerospace & defense and industrial demand were key contributors, while energy softened.

Cash and cash equivalents were $104.0 million, with total liquidity of $374.7 million and no debt outstanding under the $400 million credit facility. Operating cash outflow of $26.9 million reflected higher working capital and pension contributions. Metallus continued investing, with $24.7 million of capital expenditures and ongoing U.S. Army–funded projects, and repurchased 0.3 million shares for $4.3 million.

Metallus Inc. reported stronger first-quarter 2026 results, with net sales of $308.3 million and net income of $5.4 million, or $0.13 per diluted share. Adjusted net income was $7.7 million, or $0.18 per diluted share, and adjusted EBITDA rose to $24.6 million.

Sales increased 15 percent sequentially and 10 percent year over year, driven by higher shipments across most end markets and higher surcharge revenue. Melt utilization improved to 72 percent, while cash and cash equivalents were $104.0 million and total liquidity was $374.7 million as of March 31, 2026.

Operating cash flow was a use of $26.9 million, reflecting working capital needs and front-loaded pension contributions. The company invested $24.7 million in capital expenditures, repurchased $4.3 million of common shares, and continues to receive U.S. government funding for its capacity expansion project.

Metallus Inc. reported results of its Annual Meeting of Shareholders held on April 30, 2026. Shareholders elected three Class I directors—Nicholas J. Chirekos, Randall H. Edwards, and Randall A. Wotring—to three-year terms expiring at the 2029 annual meeting.

Shareholders also ratified the selection of Ernst & Young LLP as independent auditor for the fiscal year ending December 31, 2026, with 38,714,271 votes for, 260,980 against, and 17,156 abstentions. In addition, they approved, on an advisory basis, the compensation of the company’s named executive officers, with 32,457,415 votes for, 890,751 against, 72,795 abstentions, and 5,571,446 broker non-votes.

Metallus Inc. director Nicholas J. Chirekos received an equity award of 7,090 common shares. The Form 4 shows this as a grant of restricted stock units at no cash cost, classified as a grant or award acquisition.

According to the footnote, these restricted stock units will vest in full on April 30, 2027, subject to the terms of the grant agreement. After this award, Chirekos directly holds 36,170 common shares of Metallus Inc., reflecting his ongoing equity-based compensation rather than an open-market purchase or sale.

Metallus Inc. director Ronald A. Rice received an equity award of 7,090 common shares in the form of restricted stock units. The award was granted at no cash cost per share and will vest in full on April 30, 2027, subject to the grant agreement terms. After this award, Rice directly holds 151,818 common shares of Metallus Inc., showing this is a compensation-related acquisition rather than an open-market purchase or sale.

WOTRING RANDALL A reported acquisition or exercise transactions in this Form 4 filing.

Metallus Inc. director Randall A. Wotring received an award of 7,090 restricted stock units, recorded as Common Shares at a stated price of $0.00 per share. The units will vest in full on April 30, 2027, under the grant agreement. Following this grant, he directly holds 128,235 Common Shares.