Metallus Inc.

Metallus Awarded $995 million Contract for Critical Defense Applications from U.S. Defense Logistics Agency; Receives Initial $125 Million Delivery Order

Metallus (NYSE: MTUS) won a single-award, firm-fixed-price IDIQ contract from the U.S. Defense Logistics Agency to supply steel for critical defense applications, with a five-year ordering period and a $995 million maximum ceiling. The company immediately received an initial delivery order valued at approximately $125 million, with up to 24 months to fulfill it. Management framed the award as a key step in its defense-market momentum; however, the ceiling is the maximum DLA may order, not a purchase commitment.

•27d ago

Metallus and U.S. Army Mark Commissioning of New Assets for Critical Defense Materials

Metallus commissioned new manufacturing assets, including a bloom reheat furnace and roller furnace, at its Gambrinus facility in Canton, Ohio to support U.S. national security. The expansion is supported by a nearly $100 million funding commitment from the U.S. Army and aims to strengthen the domestic munitions supply chain. The company has supplied specialty steel for Army artillery for over 30 years and expects the new assets to improve operational efficiency and product quality.

•2mo ago

Metallus Earns AS9100D Certification

Metallus achieved AS9100D certification, a globally recognized quality management standard for the aerospace and defense industries, following an independent assessment of its systems. The certification applies to the design, manufacture, and distribution of products at its Canton, Ohio facilities, including Faircrest, Gambrinus, and Harrison, and is valid through June 2029. Management noted that this milestone supports strategic growth by positioning the company as a trusted supplier for high-value applications requiring rigorous quality and reliability.

•2mo ago

MTUS: 10-Q · earnings release

Metallus reported Q2 2026 net sales of $341.0 million, up 12.0% year over year, with net income more than doubling to $8.9 million from $3.7 million and diluted EPS of $0.21 versus $0.09 in the prior-year quarter. Aerospace and defense led the growth, with quarterly sales rising to $60.1 million from $42.1 million a year ago, supported by the U.S. Army's $99.75 million munitions-capacity funding agreement; Metallus received the final $11.3 million of that award in Q2 and expects to commission a new bloom reheat furnace in Q3 2026. On June 30, 2026 the company refinanced its asset-based revolving credit facility with JPMorgan Chase as administrative agent, extending maturity to June 2031 at a $300.0 million commitment, down from $400.0 million; the facility is undrawn with $286.2 million available and total liquidity stands at $394.8 million. Operating cash flow was negative $14.1 million in the first half on a working-capital build to support a growing order book, cash declined to $108.6 million from $156.7 million at year-end, and the company repurchased $7.9 million of shares in the half with $81.8 million remaining authorized.

SEC 10-Q•2mo ago

Metallus Announces Second-Quarter 2026 Results

Metallus reported Q2 net sales of $341.0 million, up 12% year-over-year, while net income more than doubled to $8.9 million. Adjusted EBITDA rose 9% year-over-year to $29.0 million, driven by a 6% increase in shipments and improved pricing across industrial and aerospace end-markets. The company extended its credit facility maturity to 2031 and maintained total liquidity of $394.8 million, repurchasing $3.6 million of shares during the quarter. Management expects Q3 adjusted EBITDA to be slightly higher than the prior quarter and year, supported by a robust order book and recent price increases.

•2mo ago

Metallus Announces First-Quarter 2026 Results

Metallus reported Q1 2026 net sales of $308.3 million, up 10% year-over-year, with net income of $5.4 million or $0.13 per diluted share. Adjusted EBITDA increased 39% to $24.6 million, driven by higher shipments across all end-markets and improved melt utilization to 72%. The company repurchased $4.3 million of common shares and expects Q2 adjusted EBITDA to be modestly higher than both the prior quarter and year-ago period, supported by a strong order book and improving pricing.

•5mo ago