Safety Improvements
Metallus reported a 15% reduction in days away and restorative work cases and a 34% reduction in lost and restricted work days compared to the same period last year.
Customer Satisfaction
97% of respondents from the annual customer survey said they would recommend Metallus products, highlighting strong customer service and product quality.
Aerospace and Defense Growth
Aerospace and defense backlog increased by approximately 80% year-over-year, with significant new customer acquisitions and prototype orders.
Financial Performance
Third quarter net sales totaled $305.9 million, with adjusted EBITDA increasing by 9% sequentially, driven by improved product mix and better fixed cost leverage.
Capital Investments
Metallus advanced its capital investments safely, on budget, and on schedule, with $82 million of government funding received by the end of September.
Stock Repurchase Program
The company repurchased 178,000 shares of common stock for $3 million, reducing diluted shares outstanding by 25% since early 2022.