Metallus Q2 net sales down 8% QoQ; adjusted EBITDA slides to $19.9M; guides Q3 lower

Metallus Inc.

2024-Q2 EPS reported $0.62 revenue$616,300,000

Net sales $294.7M, net income $4.6M ($0.10 diluted EPS); adjusted net income $6.7M ($0.15).
Adjusted EBITDA $19.9M vs. $43.4M in Q1 2024 and $50.5M in Q2 2023.
Ship tons 150,100 (-3% QoQ, -15% YoY); melt utilization 53% (down from 72% Q1 2024).
Cash $272.8M; repurchased 440k shares for $9.6M; received $10M initial Army payment for munitions capacity expansion (total up to $99M).
Q3 2024 outlook: shipments lower, mix less favorable; capex guidance reduced to $55M; adjusted EBITDA expected to decline sequentially.

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.