Earnings ·
Metallus reports Q3 net income of $23.8M, up from $8.1M year ago
MTUSMetallus Inc.
Metallus Inc. reported third-quarter 2026 net sales of $337.2 million and net income of $23.8 million, or $0.55 per diluted share, compared to net sales of $305.9 million and net income of $8.1 million in the prior-year quarter. Adjusted EBITDA rose 19% year over year to $34.5 million. The company also announced a planned CEO transition, with Kristopher Westbrooks succeeding Mike Williams at year-end, and secured an initial $125 million purchase order under a U.S. Defense Logistics Agency contract. Metallus manufactures high-quality specialty metals, alloy steel bars, and seamless mechanical tubing for industrial, automotive, aerospace & defense, and energy markets.