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MTUS — Metallus News Story

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Metallus Q3 sales beat estimates on higher shipments in aerospace and defense markets

Overview

Metallus Q3 net sales of $305.9 mln beat analyst expectations

Adjusted EBITDA improved sequentially for the fourth consecutive quarter

Company invested $28.4 mln in capital expenditures, repurchased $3.0 mln in shares

Outlook

Company expects Q4 adjusted EBITDA to be lower due to seasonality and supply chain issues

Fourth-quarter shipments expected to be lower due to year-end seasonality

Base price per ton to increase slightly due to announced price hikes

Result Drivers

AEROSPACE AND DEFENSE SHIPMENTS - Higher shipments in aerospace and defense markets drove sales growth

OPERATIONAL PERFORMANCE - Improved operational performance and favorable product mix contributed to results, per CEO Mike Williams

MANUFACTURING COSTS - Manufacturing costs benefited from increased fixed cost leverage on higher production volume

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 SalesBeat$305.90 mln$301.53 mln (3 Analysts)
Q3 EPS$0.19
Q3 Net Income$8.10 mln
Q3 Pretax Profit$10.90 mln
Press Release: ID:nPn46plfpa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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