Metallus Q1 net income $24M; adjusted EBITDA $43.4M; new $100M buyback

Metallus Inc.

2024-Q1 EPS reported $0.52 revenue$321,600,000

Net sales $321.6M, net income $24.0M ($0.52 EPS); adjusted net income $26.1M ($0.56), adjusted EBITDA $43.4M.
Sequentially: net income up from $1.3M in Q4 2023; YoY: up from $14.4M in Q1 2023.
Board authorized additional $100M share repurchase on May 6; remaining $132.1M under program.
Q1 operating cash flow $33.4M, cash $278.1M; required pension contributions $28.4M.
Q2 2024 adjusted EBITDA expected lower; shipments similar but less favorable mix and declining surcharge revenue.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Metallus Inc. reported first quarter of 2024 results: revenue $321.6 million, net income $24.0 million, EPS $0.52 per diluted share.

Period: first quarter of 2024
Revenue: $321.6 million
Net income: $24.0 million
EPS: $0.52 per diluted share
Result: reported results

Exact text from the filing

be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Metallus Announces First-Quarter 2024 Results • Net sales of $321.6 million with net income of $24.0 million and adjusted EBITDA (1) of $43.4 million • Operating cash flow of $33.4 million with ending cash and cash equivalents of $278.1 million •

View on SEC.gov

1052 earnings releases filed in the last 30 days. Browse all earnings releases →

Metallus Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-057001

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.