Metallus reports Q2 adjusted EPS 20c, consensus 17c

Reports Q2 revenue $304.6M, consensus $296.12M. “We delivered solid second-quarter results with significant improvement in profitability and operating cash flow, supported by improving end markets, continued market share gains, and strong execution by our teams,” said Mike Williams, chief executive officer. “Safety and operational excellence remain top priorities, and we’re seeing the benefits of ongoing process improvements across our manufacturing facilities, including an increase in melt utilization, as expected. Demand for our domestic steel remains strong, reinforcing our position as a trusted supplier. Additionally, we remain on track with the installation of new assets that will expand our capabilities and directly support the Army’s mission to increase munitions production.”