Metallus Reports Third-Quarter Results and Discloses $394.8 Million in Liquidity
Key Facts
Metallus reported its third-quarter 2026 results on Monday, November 2, after the New York Stock Exchange closed, according to the schedule the company announced through Nasdaq. The company scheduled its investor call for the following day, Tuesday, November 3, at 9:00 a.m. Eastern time. The timing allows investors to hear from management about results released after the trading session ended. In the market, MTUS shares closed at $21.32 on November 2, according to EL7 data. The available information did not include third-quarter results figures or further details on the stock’s performance during the session.
Second-quarter results provide context for the company’s performance before it reported the following period. Metallus recorded net sales of $341.0 million in the second quarter of 2026, up 11% from the first quarter and 12% from the same period a year earlier. Net income was $8.9 million, compared with $5.4 million in the first quarter and $3.7 million in the second quarter of 2025, according to the company. Adjusted EBITDA was also $29.0 million, up 18% sequentially and 9% year over year. These indicators show an improvement in second-quarter results compared with the two preceding periods identified by the company.
Chief Executive Mike Williams said, when the company reported its second-quarter results, that it entered the second half of 2026 with a healthy order book, a favorable product mix and continued pricing momentum. He added that the company expected profitability to continue improving compared with corresponding periods a year earlier, with positive cash flow. The company had expected third-quarter shipments to be similar to second-quarter shipments, based on its customer mix and expected delivery lead times. It said lead times for bar and tube products had then extended into late in the fourth quarter. These remarks reflect the operating outlook ahead of the third-quarter results announcement.
In the second quarter, Metallus’ steelmaking capacity utilization rose to 74%, compared with 72% in the first quarter and 71% in the second quarter of 2025. The company’s total liquidity was $394.8 million as of June 30, 2026. After adjustments to the credit facilities, available capacity under the credit line was $300.0 million, according to company data. The facility matures in June 2031. These figures show the company’s liquidity and financing position at the end of June, before it reported third-quarter results.