Metallus Announces Third-Quarter 2026 Results
Q3 net income $23.8M ($0.55/sh) vs $8.1M y/y; sales $337.2M, up 10% y/y; $125M DLA order; Q4 EBITDA guided lower.
What this release says
Metallus reported third-quarter 2026 net sales of $337.2 million, up 10% from a year earlier, and GAAP net income of $23.8 million, or $0.55 per diluted share. Adjusted net income was $14.9 million, or $0.35 per share, and adjusted EBITDA rose to $34.5 million. For shareholders, the release points to stronger profitability and continued demand, though it also says fourth-quarter adjusted EBITDA is expected to be lower than the third quarter.
Key figures
- Net sales
- $337.2 million
- GAAP net income
- $23.8 million
- Diluted EPS (GAAP)
- $0.55
- Adjusted EBITDA
- $34.5 million
- Adjusted diluted EPS
- $0.35
- Cash and cash equivalents
- $98.6 million
Positive for shareholders
- Net sales rose 10% year over year and adjusted EBITDA grew sequentially and year over year.
- A new U.S. Defense Logistics Agency contract brings an initial $125 million purchase order.
- Management reports strong customer demand and a growing order book into 2027.
Negative for shareholders
- Management expects fourth-quarter adjusted EBITDA to be lower than in the third quarter.
- The company repurchased $3.6 million of its common shares, using cash that could otherwise be held in reserve.
- GAAP net income was well above adjusted net income, so reported results depend on the excluded items.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- Adjusted EBITDA:
- Earnings before interest, taxes, depreciation and amortization, further adjusted by the company for certain items it chooses to exclude.
- Total liquidity:
- Cash on hand plus funds available to borrow under the company's credit facilities.
- Run-rate:
- A figure annualized from a single period's results, used to show what a full year would look like at that pace.
FAQ
What did Metallus report for third-quarter 2026 results?
Metallus reported net sales of $337.2 million and GAAP net income of $23.8 million, or $0.55 per diluted share. Adjusted EBITDA was $34.5 million.
What outlook did Metallus give for the fourth quarter?
The company expects fourth-quarter adjusted EBITDA to be lower than the third quarter of 2026.
Who will lead Metallus after Mike Williams retires?
Kristopher Westbrooks, currently president and chief operating officer, will succeed Mike Williams as chief executive officer at the end of this year.
Historical context for MTUS
Across the 17 sessions after earlier MTUS headlines, the stock closed higher 9 times and lower 8 times, with a median move of 1.4% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | MTUS | SPY |
|---|---|---|---|
| Oct 14, 2026 | Metallus Announces Third-Quarter 2026 Earnings Webcast Details | +0.6% | -1.1% |
| Sep 29, 2026 | Metallus Awarded $995 million Contract for Critical Defense Applications from U.S. Defense Logistics Agency; Receives Initial $125 Million Delivery Order | -0.8% | -0.2% |
| Sep 1, 2026 | Metallus Announces Planned Retirement of Chief Executive Officer Michael Williams; Kristopher Westbrooks Named Successor | -3.3% | -0.7% |
| Aug 5, 2026 | Metallus Earns AS9100D Certification | +0.3% | -0.2% |
| Aug 4, 2026 | Metallus Announces Second-Quarter 2026 Results | +5.4% | +1.8% |
| Jul 15, 2026 | Metallus Announces Second-Quarter 2026 Earnings Webcast Details | +2.0% | +0.4% |
- Market cap
- 30-day
- Sector
- Industrials
- Industry
- Steel/Iron Ore
- Listed since
- 2014
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