Metallus Inc.

Listed Company

MTUSCIK 0001598428NYSELarge AcceleratedSteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)OhioFY ends Dec 31

Period

FY 2025

Revenue

$1.16B

Net Income

$-1.20M

Total Assets

$1.14B

Equity

$686.00M

Shares Out

41.73M

Op. Cash Flow

$16.00M

Business

Metallus Inc. manufactures alloy, carbon and micro-alloy steel using electric arc furnace technology and produces precision steel components and manages raw material recycling. Its main products and services include special bar quality (SBQ) bars, seamless mechanical tubing, billets, manufactured precision components, and scrap sourcing and resale, along with engineering support and supply chain solutions. The company operates as a single integrated business segment with melt and production facilities (Faircrest, Harrison, Gambrinus) and downstream component plants (Tryon Peak, St. Clair). Metallus sells primarily direct to OEMs globally across industrial, automotive, aerospace & defense and energy end-markets, and through authorized distributors and steel service centers.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,158	1,084	1,362	1,330	1,283
Cost of products sold	1,063	986	1,176	1,203	1,063
Gross Profit	95	98	187	127	220
Selling, general and administrative expenses	94	88	85	74	77
Restructuring charges	3	0	0	800,000	7
Loss (gain) on sale or disposal of assets, net	−1	600,000	−3	2	1
Interest (income) expense, net	−5	−10	−7	600,000	6
Loss on extinguishment of debt	4	9	11	43	0
Other (income) expense, net	−900,000	5	4	−91	−60
Income (Loss) Before Income Taxes	2	5	96	97	177
Provision (benefit) for income taxes	3	3	27	32	6
Net Income (Loss)	−1	1	69	65	171
Basic earnings (loss) per share	−0.03	0.03	1.58	1.42	3.73
Diluted earnings (loss) per share	−0.03	0.03	1.47	1.3	3.18

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	157	241	281	257	260
Accounts receivable, net of allowances (2025 - $1.8 million; 2024 - $1.7 million)	126	91	113	79	101
Inventories, net	243	220	228	192	211
Deferred charges and prepaid expenses	26	30	10	6	4
Other current assets	900,000	6	25	21	3
Total Current Assets	553	587	657	557	582
Property, plant and equipment, net	563	507	493	486	510
Operating lease right-of-use assets	11	12	11	13	15
Finance lease right-of-use assets	4	0	—	—	—
Pension assets	6	6	10	19	43
Intangible assets, net	3	3	3	5	7
Other non-current assets	1	2	2	2	2
Total Assets	1,140	1,117	1,175	1,082	1,159
Accounts payable	151	119	133	113	142
Salaries, wages and benefits	29	17	27	21	38
Accrued pension and postretirement costs	27	67	44	2	4
Current operating lease liabilities	4	5	5	6	6
Current finance lease liabilities	800,000	0	—	—	—
Current convertible notes, net	0	5	13	20	45
Government funding liabilities	86	54	0	—	—
Other current liabilities	18	15	27	24	16
Total Current Liabilities	315	282	248	187	251
Credit Agreement	0	0	0	0	0
Non-current operating lease liabilities	7	7	6	7	9
Non-current finance lease liabilities	3	0	—	—	—
Accrued pension and postretirement costs	100	110	161	163	223
Deferred income taxes	17	14	15	26	2
Other non-current liabilities	12	13	13	14	10
Total Liabilities	454	426	444	396	494
Preferred shares, without par value; authorized 10.0 million shares, none issued	0	0	0	0	0
Common shares, without par value; authorized 200.0 million shares; issued 2025 - 48.2 million shares; issued 2024 - 48.2 million shares	0	0	0	0	0
Additional paid-in capital	850	844	844	847	832
Retained deficit	−54	−52	−54	−123	−188
Treasury shares - 2025 - 6.5 million; 2024 - 5.9 million	−116	−109	−71	−52	0
Accumulated other comprehensive income (loss)	5	8	12	15	21
Total Shareholders Equity	686	691	732	687	665
Total Liabilities and Shareholders Equity	1,140	1,117	1,175	1,082	1,159

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	57	54	57	58	63
Amortization of deferred financing fees	400,000	500,000	500,000	700,000	1
Deferred income taxes	4	500,000	−10	25	1
Stock-based compensation expense	15	14	12	9	7
Pension and postretirement (benefit) expense, net	10	14	47	−41	−39
Accounts receivable, net	−35	22	−33	21	−37
Inventories, net	−23	7	−35	19	−42
Accounts payable	29	−19	15	−33	54
Other accrued expenses	13	−22	5	−9	10
Deferred charges and prepaid expenses	4	−20	−4	−3	100,000
Pension and postretirement contributions and payments	−64	−46	−3	−5	−7
Other, net	5	23	−5	−18	1
Net Cash Provided (Used) by Operating Activities	16	40	125	135	197
Capital expenditures	−109	−64	−52	−27	−12
Proceeds from government funding	32	54	0	0	—
Proceeds from sale or disposals of property, plant and equipment	2	0	2	5	1
Net Cash Provided (Used) by Investing Activities	−75	−11	−50	−22	−5
Purchase of treasury shares	−13	−38	−33	−52	0
Proceeds from exercise of stock options	0	1	3	8	4
Shares surrendered for employee taxes on stock compensation	−3	−16	−3	−2	−500,000
Repayments on convertible notes	−9	−17	−19	−68	−39
Principal payments under finance lease obligations	−400,000	0	0	—	—
Net Cash Provided (Used) by Financing Activities	−25	−69	−52	−115	−35
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	−84	−39	24	−2	157

Filings

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