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The latest announcement is out from Metallus ( (MTUS) ).
On May 4, 2026, Metallus reported first-quarter 2026 net sales of $308.3 million, up 10% year over year and 15% sequentially, with net income rising to $5.4 million and adjusted EBITDA jumping 39% to $24.6 million, driven by higher shipments, better pricing and surcharges, and improved melt utilization. The company boosted strategic capex to $24.7 million, repurchased $4.3 million of stock, maintained liquidity of $374.7 million, advanced its government-backed capacity expansion for munitions-related demand, and signaled continued operational and earnings improvement in 2026 supported by a strong order book and higher expected melt utilization.
Operating cash flow was a $26.9 million outflow in the quarter, reflecting working capital needs and front‑loaded pension contributions, while capital spending included $18.3 million on projects largely funded by the U.S. government. Metallus received additional funding from the U.S. Army and JobsOhio toward its expansion, kept 2026 capex guidance at about $70 million, and indicated modest sequential gains in shipments, melt utilization and adjusted EBITDA in the second quarter, underpinning an outlook of stronger profitability versus 2025.
The most recent analyst rating on (MTUS) stock is a Sell with a $18.00 price target. To see the full list of analyst forecasts on Metallus stock, see the MTUS Stock Forecast page.
Spark’s Take on MTUS Stock
According to Spark, TipRanks’ AI Analyst, MTUS is a Neutral.
The score is held back primarily by weakened profitability and especially negative free cash flow despite a very strong, low-leverage balance sheet. Technicals are supportive with clear positive trend/momentum, while valuation is unattractive due to losses (negative P/E). Earnings call commentary is moderately positive on 2026 improvement and liquidity, but recent results and execution risk cap the upside.
To see Spark’s full report on MTUS stock, click here.
More about Metallus
Metallus Inc. is a U.S.-based manufacturer of high-performance specialty metals and manufactured components, producing alloy steel bars, seamless mechanical tubing and supply chain solutions from recycled scrap metal in Canton, Ohio. Serving industrial, automotive, aerospace and defense, and energy markets, the 100‑year‑old company employed about 1,890 people and generated $1.2 billion in sales in 2025.
Average Trading Volume: 419,477
Technical Sentiment Signal: Strong Buy
Current Market Cap: $798.7M
For a thorough assessment of MTUS stock, go to TipRanks’ Stock Analysis page.