secwatch.observer — SEC 8-K summary
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Issuer:     Metallus Inc. (MTUS)
CIK:        0001598428
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-057001
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598428/000095017024057001/0000950170-24-057001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598428/000095017024057001/mtus-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-057001

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer