---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-094023"
form_type: "8-K"
ticker: "MTUS"
cik: "0001598428"
company_name: "Metallus Inc."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T10:55:54.448051+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-094023
- form_type: 8-K
- ticker: MTUS
- cik: 0001598428
- company_name: Metallus Inc.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598428/000095017024094023/0000950170-24-094023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598428/000095017024094023/mtus-20240808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-094023
- JSON: https://secwatch.observer/filing/0000950170-24-094023.json
- Plain text: https://secwatch.observer/filing/0000950170-24-094023.txt

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