Metallus Inc.

Metallus Inc. has entered into a Fifth Amended and Restated Credit Agreement, establishing a new $300.0 million asset-based revolving credit facility. This facility, which replaces a previous agreement, includes sublimits for letters of credit and swingline loans, and allows for potential increases in commitments up to an additional $200.0 million, plus a $30.0 million Incremental FILO Tranche. The proceeds will be used for working capital, capital expenditures, permitted acquisitions, and general corporate purposes, with the facility maturing on June 30, 2031.

Metallus Inc. reported a significant increase in net income for the first quarter of 2026, reaching $5.4 million compared to $1.3 million in the prior year. Net sales also grew to $308.3 million from $280.5 million. The company continued its capital investments, received government funding for strategic projects, and repurchased $4.3 million in common shares. A new four-year labor agreement with USW Local 1123 was ratified, involving a $1.9 million one-time payment to employees.

Metallus Inc. reported strong first-quarter 2026 results with net sales of $308.3 million and net income of $5.4 million, or $0.13 per diluted share. Adjusted EBITDA increased 39% year-over-year to $24.6 million, driven by improved operational performance and strengthening demand. The company invested $24.7 million in capital expenditures and repurchased $4.3 million of common shares, while also successfully operating its new bloom reheat furnace. Metallus anticipates continued profitability improvements throughout 2026.