Metallus Inc. manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company is headquartered in Canton, Ohio.
| Revenue (TTM) | $1.25B |
| Gross Profit (TTM) | $101.50M |
| EBITDA | $84.30M |
| Operating Margin | 8.96% |
| Return on Equity | 3.37% |
| Return on Assets | 1.60% |
| Revenue/Share (TTM) | $30.14 |
| Book Value | $17.30 |
| Price-to-Book | 0.91 |
| Price-to-Sales (TTM) | 0.52 |
| EV/Revenue | 0.451 |
| EV/EBITDA | 6.31 |
| Quarterly Earnings Growth (YoY) | 189.50% |
| Quarterly Revenue Growth (YoY) | 10.20% |
| Shares Outstanding | $41.26M |
| Float | $35.83M |
| % Insiders | 14.34% |
| % Institutions | 87.63% |
Volatility is currently expanding
Metallus is downgraded from buy to hold as profitability improves but valuation appears full. Defense segment revenue grew 41% YoY, supported by new contracts, but cost control remains critical due to fixed-price agreements. Q3 EBITDA margin rose to 10.2% despite lower volumes, yet production costs continue to pressure results, and cash flow remains negative.
Metallus NYSE: MTUS reported third-quarter 2026 results that included higher sales, profit and adjusted EBITDA, supported by aerospace and defense growth, product mix and pricing actions. The specialty steel producer also said it reached its $250 million annualized aerospace and defense sales run-rate target and secured a Defense Logistics Agency contract with an initial delivery order valued at about $125 million.
Metallus Inc. ( MTUS ) Q3 2026 Earnings Call November 3, 2026 9:00 AM EST Company Participants Jenna Johnson Michael Williams - CEO & Director Kristopher Westbrooks - President & COO John Zaranec - Executive VP & CFO Conference Call Participants Aaron Reed - Northcoast Research Partners, LLC David Storms - Stonegate Capital Partners, Inc., Research Division Samuel McKinney - KeyBanc Capital Markets Inc., Research Division John Franzreb - Sidoti & Company, LLC Presentation Operator Hello, everyone. Thank you for joining us, and welcome to the 3Q 2026 Metallus, Inc. Earnings Call.
Net sales of $337.2 million, up 10% year over year; net income increased to $23.8 million from $8.1 million in the third quarter of 2025 and $8.9 million in the second quarter of 2026 Adjusted EBITDA of $34.5 million, an increase of 19% sequentially and year over year Invested $13.1 million in capital expenditures and $3.6 million to repurchase common shares Strong customer demand continues to drive order book growth, reinforcing visibility and anticipated profitable growth into 2027 Awarded U.S. Defense Logistics Agency (DLA) contract and initial $125 million purchase order, further supporting long-term growth opportunities within the aerospace & defense end-market Cash and cash equivalents of $98.6 million with total liquidity(1) of $388.7 million as of September 30, 2026 CANTON, Ohio, Nov. 2, 2026 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components and supply chain solutions, today reported third-quarter 2026 net sales of $337.2 million and net income of $23.8 million, or $0.55 per diluted share. On an adjusted basis(2), the third-quarter 2026 net income was $14.9 million, or $0.35 per diluted share, and adjusted EBITDA was $34.5 million.
CANTON, Ohio, Oct. 13, 2026 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components, and supply chain solutions, will release its third-quarter 2026 results on Monday, November 2, after the market closes on the New York Stock Exchange. The company will provide live Internet listening access to its conference call with the financial community scheduled for Tuesday, November 3, 2026, at 9:00 a.m.
CANTON, Ohio, Sept. 29, 2026 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components and supply chain solutions, today announced that the U.S. Defense Logistics Agency (DLA), the logistics agency for the Department of War, has awarded the company an Indefinite Delivery/Indefinite Quantity (IDIQ) contract to supply steel for critical defense applications.
CANTON, Ohio, Aug. 31, 2026 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components, and supply chain solutions, today announced that Michael (Mike) S. Williams has notified the company's board of directors of his intention to retire from his position as chief executive officer and as a member of the board of directors effective December 31, 2026.
Metallus is rated a buy, driven by strong Q2 demand, improved pricing, and a robust balance sheet despite valuation concerns. Q2 highlighted 12% YoY revenue growth, higher shipments, and improved net sales per ton, but margin improvement from operational leverage remains unproven. Aerospace and defense shipments surged, positioning MTUS for potential re-rating if it achieves a $250 million annual run-rate by end-2026.
Metallus NYSE: MTUS reported higher second-quarter sales and profitability, citing improved shipments, pricing, product mix and melt utilization as demand strengthened across several end markets. The specialty metals producer said its order book increased more than 50% from a year earlier, with lead times for engineered SBQ bar and seamless mechanical tubing extending into late fourth-quarter 2026.
CANTON, Ohio, Aug. 4, 2026 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components, and supply chain solutions, today announced it has achieved AS9100D certification, a globally recognized quality management standard for the aerospace and defense industries. The certification was awarded following a comprehensive independent assessment of Metallus' quality management system, processes and controls.
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