Metallus

MTUS

Market cap $721M

Metallus upgraded to Strong Buy with a $32/share price target, reflecting optimism on 2026 growth drivers and undervaluation. MTUS is positioned for volume and pricing tailwinds as new production ramps up, supported by robust aerospace & defense demand and DoD munitions contracts. Operational enhancements, including automation and new furnaces, are set to boost melt utilization and cash flow positive status by e2h26.

Metallus Inc. (MTUS) Q4 2025 Earnings Call Transcript

Metallus (MTUS) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of $0.05. This compares to a loss of $0.08 per share a year ago.

Delivered net sales of $1.2 billion in 2025, a 7% increase over 2024, driven by improved market demand Full-year operating cash flow of $16.0 million; ending cash and cash equivalents of $156.7 million Invested $109.0 million in capital expenditures to advance strategic and operational priorities, and deployed $22.2 million to repurchase common shares and settle convertible notes in 2025 Total liquidity(1) of $389.2 million at the end of 2025 Four-year USW labor agreement ratified on February 5, 2026 Operational optimization initiatives underway; bloom reheat furnace investment on track Order book up more than 50% year-over-year; expecting stronger start to 2026 Adjusted EBITDA expected to improve sequentially throughout 2026 compared with the same periods in 2025 CANTON, Ohio, Feb. 19, 2026 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components and supply chain solutions, today reported fourth-quarter 2025 net sales of $267.3 million and net loss of $14.3 million, or a loss of $0.34 per diluted share. On an adjusted basis(2), the fourth-quarter 2025 net loss was $7.7 million, or a loss of $0.18 per diluted share, and adjusted EBITDA was $2.4 million.

CANTON, Ohio, Feb. 5, 2026 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components, and supply chain solutions, today announced that its employees who are members of United Steelworkers (USW) Local 1123 have voted in favor of a new four-year contract. "We are pleased to have reached a mutually beneficial contract that reflects the dedication of our workforce and the company.

CANTON, Ohio, Jan. 29, 2026 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components, and supply chain solutions, will release its fourth-quarter and full-year 2025 results on Thursday, February 19, after the market closes on the New York Stock Exchange. The company will provide live Internet listening access to its conference call with the financial community scheduled for Friday, February 20, 2026, at 9:00 a.m.

Metallus is transitioning from a low-margin steel supplier to a high-margin aerospace and defense materials provider, yet remains undervalued by the market. MTUS benefits from U.S. Army-backed funding, targeting a $250 million annual run rate in aerospace and defense sales by mid-2026, with sticky, premium-priced contracts. Operational improvements have driven four consecutive quarters of sales and margin growth, alongside $80 million in structural cost reductions and robust cash generation.

CANTON, Ohio, Jan. 16, 2026 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components, and supply chain solutions, and the United Steelworkers (USW) Local 1123 have reached a new tentative agreement for a four-year contract after members rejected previous agreements on October 30 and December 18, 2025. The date of the next vote will be set and announced by the union.

CANTON, Ohio , Dec. 18, 2025 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components, and supply chain solutions, today confirmed that members of the United Steelworkers (USW) Local 1123 have voted to not ratify the second tentative labor agreement that was reached between the company and union leadership on December 4, 2025. "We are deeply disappointed by the outcome of this vote," said Mike Williams, chief executive officer of Metallus.

CANTON, Ohio , Dec. 4, 2025 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components, and supply chain solutions, and the United Steelworkers (USW) Local 1123 have reached a new tentative agreement for a four-year contract after the initial tentative agreement was not ratified by USW members on October 30, 2025. The date of the second vote will be set and announced by the union.