MTUS

Company Overview: Metallus (NYSE: MTUS) is a leading manufacturer of specialty metals, producing high-performance components from recycled scrap metal, primarily serving industrial, automotive, aerospace, and energy markets.

Financial Results Announcement: The company released its third-quarter 2025 results on November 6, 2025, and will hold a conference call for investors on November 7, 2025, at 9:00 a.m. ET, which will be accessible via live Internet broadcast.

Historical Context: With over 100 years of experience in high-quality steel production, Metallus employs approximately 1,850 people and reported sales of $1.1 billion in 2024.

Additional Information: More details about the company and its offerings can be found on their official website, www.metallus.com.

Financial Performance: Metallus reported third-quarter 2025 net sales of $305.9 million and net income of $8.1 million, showing a 35% increase in sales compared to the same quarter last year, driven by strong demand in aerospace and defense markets.

Operational Highlights: The company achieved an adjusted EBITDA of $29.0 million, marking the fourth consecutive quarter of improvement, and maintained a strong liquidity position with total liquidity of $436.9 million as of September 30, 2025.

Future Outlook: Metallus anticipates a decrease in fourth-quarter shipments due to seasonal factors and potential supply chain challenges, while planning significant capital expenditures of approximately $120 million for the year.

Labor Relations: A tentative labor agreement with the United Steelworkers was not ratified, leading to an extension of the current labor contract through January 29, 2026, as negotiations continue.

Labor Agreement Vote: Members of the United Steelworkers Local 1123 voted against ratifying a tentative labor agreement with Metallus, which had been reached on October 3, 2025.

Company Response: Metallus CEO Mike Williams expressed disappointment over the vote outcome, emphasizing the company's commitment to competitive wages, benefits, and a safe working environment.

Contract Extension: The current labor contract has been extended for an additional 90 days, allowing time for further negotiations, with operations continuing as normal during this period.

Company Overview: Metallus, a leading manufacturer of specialty metals, employs approximately 1,850 people and reported sales of $1.1 billion in 2024, serving various industrial sectors.