Metallus Inc. ( (MTUS) ) has released its Q2 earnings. Here is a breakdown of the information Metallus Inc. presented to its investors.
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Metallus Inc., a prominent player in the specialty metals industry, specializes in manufacturing high-performance metals from recycled scrap metal, serving sectors such as industrial, automotive, aerospace & defense, and energy. The company, based in Canton, Ohio, has been a leader in alloy steel bars and seamless mechanical tubing production for over a century.
In its latest earnings report for the second quarter of 2025, Metallus Inc. announced net sales of $304.6 million, reflecting a 9% increase from the previous quarter. The company reported a net income of $3.7 million, or $0.09 per diluted share, with an adjusted EBITDA of $26.5 million. The report highlights a strong operating cash flow of $34.8 million and an ending cash balance of $190.8 million.
Key financial metrics reveal a significant improvement in profitability and operating cash flow, supported by increased shipments across various end markets, including aerospace & defense, automotive, and energy. The company’s melt utilization improved to 71%, up from 65% in the previous quarter, indicating enhanced production efficiency. Metallus also settled its remaining convertible notes, boosting total liquidity to $437.0 million.
Looking forward, Metallus Inc. anticipates a modest decline in third-quarter adjusted EBITDA due to costs associated with labor negotiations, higher electricity expenses, and planned maintenance shutdowns. Despite these short-term challenges, the company remains confident in its strategic direction and ability to maintain profitability and cash flow across diverse market conditions.