Metallus Announces Second-Quarter 2026 Results
PR Newswire
CANTON, Ohio, Aug. 3, 2026
Net sales of $341.0 million, up 11% sequentially and 12% year over year, while net income increased to $8.9 million from $5.4 million in the first quarter and $3.7 million in the prior-year quarterAdjusted EBITDA of $29.0 million, an increase of 18% sequentially and 9% year over yearInvested $15.2 million in strategic capital expenditures and $3.6 million to repurchase common sharesGrowth in order book reinforces strong demand visibility for the second half of 2026Bloom reheat furnace commissioned; roller furnace remains on scheduleRefinanced Credit Agreement to 2031 while providing adequate liquidity and flexibilityCash and cash equivalents of $108.6 million with total liquidity (1)of $394.8 million as of June 30, 2026CANTON, Ohio, Aug. 3, 2026 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components and supply chain solutions, today reported second-quarter 2026 net sales of $341.0 million and net income of $8.9 million, or $0.21 per diluted share. On an adjusted basis(2), the second-quarter 2026 net income was $11.1 million, or $0.26 per diluted share, and adjusted EBITDA was $29.0 million.
