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Metallus ( (MTUS) ) has issued an announcement.
Metallus, a leader in specialty metals, reported a third-quarter 2024 net sales decline to $227.2 million, attributing the 23% drop to reduced shipments and lower scrap prices. Despite a net loss of $5.9 million, the company maintains strong liquidity and continues investing in enhancing capacity for future demand, particularly in aerospace and defense sectors. CEO Mike Williams remains optimistic about future growth, with expectations for increased order activity and significant sales growth in 2026.
Learn more about MTUS stock on TipRanks’ Stock Analysis page.