secwatch.observer — SEC 8-K summary
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Issuer:     Metallus Inc. (MTUS)
CIK:        0001598428
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000950170-24-094023
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598428/000095017024094023/0000950170-24-094023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598428/000095017024094023/mtus-20240808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-094023

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