NYSE$MTUS
Metallus Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported net sales of $321.6 million and net income of $24.0 million.
Metallus reported first-quarter 2024 net sales of $321.6 million and net income of $24.0 million, or $0.52 per diluted share. On an adjusted basis, the first-quarter 2024 net income was $26.1 million, or $0.56 per diluted share, and adjusted EBITDA was $43.4 million.
- Net sales of $321.6 million with net income of $24.0 million and adjusted EBITDA of $43.4 million.
- Operating cash flow of $33.4 million with ending cash and cash equivalents of $278.1 million.
- Invested $17.4 million in capital expenditures and deployed $4.4 million to repurchase common shares.
- Board of Directors authorized an additional $100 million common share repurchase program.
Headline financials
Revenue & EPS history
Metallus · Revenue · Quarterly
$322M
Revenue by segment
Metallus · $214M total across 3 segments · Q3 2023
- Industrial$174M+19.0%81.1%
- Energy$35.6M-1.1%16.6%
- Other$4.8M+0.0%2.2%
Forward guidance
The company expects second-quarter of 2024 adjusted EBITDA to be lower than the first quarter of 2024.
Tailwinds
- Second-quarter shipments are expected to be similar to the first quarter.
- Lead times for bar products currently extend to June and tube product lead times extend to July.
- Base price per ton is anticipated to remain solid in the second quarter.
Headwinds
- Surcharge revenue per ton is expected to decline in the second quarter given a lower average No. 1 busheling scrap index in the second quarter compared with the first quarter.
- The company expects the average melt utilization rate to be less than the first quarter, as the company continues to balance production with demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.6%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+1.8%
Avg return
30 days after
42%
22 / 52 earnings
Positive
+80.9%
Q4 2015
Best reaction
-16.6%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | -0.6% | +8.3% | |
| Q4 2025 | -16.6% | -18.1% | -29.2% | |
| Q3 2025 | -1.7% | -6.8% | +0.9% | |
| Q1 2025 | -11.1% | +2.5% | +7.4% | |
| Q4 2024 | -8.0% | -10.6% | -13.4% | |
| Q3 2024 | -4.1% | -3.6% | +0.4% | |
| Q2 2024 | -8.6% | -12.6% | -20.5% | |
| Q1 2024 | +10.7% | +11.3% | +9.6% | |
| Q4 2023 | -0.2% | +1.3% | +9.1% | |
| Q3 2023 | -2.5% | +0.0% | +1.8% | |
| Q2 2023 | -9.6% | -6.3% | -3.3% | |
| Q1 2023 | +5.4% | +6.9% | +12.0% | |
| Q4 2022 | +1.7% | +1.0% | -0.9% | |
| Q3 2022 | +12.2% | +14.1% | +16.4% | |
| Q2 2022 | -2.9% | -1.1% | -12.1% | |
| Q1 2022 | -9.5% | -13.8% | +18.5% | |
| Q4 2021 | +14.3% | +16.2% | +56.3% | |
| Q3 2021 | +5.3% | +10.2% | +0.6% | |
| Q2 2021 | +12.0% | +31.8% | +4.2% | |
| Q1 2021 | +0.2% | +11.1% | +15.5% | |
| Q4 2020 | -4.4% | -0.7% | +28.4% | |
| Q3 2020 | +1.8% | +15.5% | +29.2% | |
| Q2 2020 | +2.7% | +5.9% | -8.7% | |
| Q1 2020 | +30.0% | +26.2% | +70.8% | |
| Q4 2019 | -5.9% | -7.8% | -41.0% | |
| Q3 2019 | +13.2% | -13.9% | +8.7% | |
| Q2 2019 | -3.0% | -9.9% | -25.3% | |
| Q1 2019 | +6.7% | -1.7% | -28.8% | |
| Q4 2018 | +12.0% | +3.1% | -15.3% | |
| Q3 2018 | +15.4% | +5.4% | +0.5% | |
| Q2 2018 | -14.9% | -23.8% | -23.6% | |
| Q1 2018 | +0.6% | -2.2% | +1.9% | |
| Q4 2017 | -11.2% | -14.3% | -12.7% | |
| Q3 2017 | -12.4% | -22.1% | -17.6% | |
| Q2 2017 | -2.0% | +1.1% | -5.7% | |
| Q1 2017 | -8.3% | -9.9% | -16.6% | |
| Q4 2016 | +13.9% | +20.0% | +11.7% | |
| Q3 2016 | -4.2% | -7.9% | +48.7% | |
| Q2 2016 | -15.0% | -22.7% | -15.7% | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | +80.9% | — | — | |
| Q3 2015 | -2.8% | — | — | |
| Q2 2015 | -6.5% | — | — | |
| Q1 2014 | +1.9% | — | — | |
| Q1 2015 | +6.7% | — | — | |
| Q4 2014 | -3.4% | — | — | |
| Q4 2012 | -3.4% | — | — | |
| Q3 2013 | -0.6% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q4 2013 | -1.9% | — | — | |
| Q2 2013 | -1.9% | — | — | |
| Q2 2014 | +10.4% | — | — | |
| Q1 2013 | — | — | — |
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