---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-057001"
form_type: "8-K"
ticker: "MTUS"
cik: "0001598428"
company_name: "Metallus Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:03:10.430994+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-057001
- form_type: 8-K
- ticker: MTUS
- cik: 0001598428
- company_name: Metallus Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598428/000095017024057001/0000950170-24-057001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598428/000095017024057001/mtus-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-057001
- JSON: https://secwatch.observer/filing/0000950170-24-057001.json
- Plain text: https://secwatch.observer/filing/0000950170-24-057001.txt

## Key facts
- Earnings Releases
  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
  source text: 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 •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1598428/000095017024057001/0000950170-24-057001-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.