Metallus delivered strong second-quarter 2025 results, with net sales reaching $304.6 million and net income of $3.7 million. Adjusted net income was $8.4 million, and adjusted EBITDA significantly improved to $26.5 million. The company saw increased shipments across key end markets and improved melt utilization, while maintaining a strong liquidity position and investing in strategic initiatives.
Net sales increased to $304.6 million, a 9% sequential increase and 3% increase compared to the prior year, driven by higher shipments and raw material surcharge revenue.
Net income was $3.7 million, with adjusted net income at $8.4 million, reflecting significant improvement in profitability.
Operating cash flow was robust at $34.8 million, contributing to an ending cash and cash equivalents balance of $190.8 million.
Ship tons increased by 10% sequentially to 167,700 tons, and melt utilization improved to 71%, indicating strong operational performance.
Metallus expects third-quarter adjusted EBITDA to be modestly lower than the second quarter, despite similar shipments and base prices, due to anticipated costs from labor agreement negotiations, higher electricity costs, and planned annual shutdown maintenance.
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