secwatch.observer — SEC 8-K summary
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Issuer:     Metallus Inc. (MTUS)
CIK:        0001598428
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000950170-25-066967
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Metallus Q1 net sales $280.5M (+17% seq), net income $1.3M, adj EBITDA $17.7M; orders backlog up ~50% YoY
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- Net sales $280.5M (+17% seq, -13% YoY); net income $1.3M ($0.03 EPS) vs Q1 2024 net income $24.0M ($0.52).
- Adjusted EBITDA $17.7M vs $8.3M in Q4 2024 and $43.4M in Q1 2024.
- Ship tons 152,900 (+17% seq); melt utilization 65% (up from 56% seq). Backlog up ~50% YoY.
- Cash $180.3M, total liquidity $432.0M; repurchased 395k shares for $5.6M; received $11.9M from U.S. Army funding.
- Q2 2025 outlook: adjusted EBITDA expected higher than Q1; shipments modestly increase; capex ~$125M for year; convertible notes $5.5M to settle in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598428/000095017025066967/0000950170-25-066967-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598428/000095017025066967/mtus-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-066967

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