Quarterly ResultAug 4, 2026, 01:36 PM
Metallus Q2 Net Sales $341M, Net Income $8.9M; New $300M Credit Facility
AI Summary
Metallus Inc. reported strong financial results for the second quarter and first half of 2026, with significant increases in net sales and net income compared to the prior year. The company also secured a new $300.0M asset-based revolving credit facility, enhancing its financial flexibility. Additionally, Metallus continued its share repurchase program and saw notable growth in its Aerospace & Defense end-market and Bar product sales.
Key Highlights
- Q2 2026 Net Sales increased to $341.0M from $304.6M year-over-year.
- Q2 2026 Net Income rose to $8.9M from $3.7M year-over-year.
- Diluted EPS for Q2 2026 was $0.21, up from $0.09 year-over-year.
- Entered a new $300.0M asset-based revolving credit facility, maturing June 30, 2031.
- Repurchased $3.6M of common shares in Q2 2026; $81.8M remains on authorization.
- Aerospace & Defense sales grew to $60.1M in Q2 2026 from $42.1M year-over-year.
- Bar product sales increased to $221.1M in Q2 2026 from $186.3M year-over-year.
- Operating activities used $14.1M cash for the six months ended June 30, 2026.
Price Impact
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