Metallus reported Q3 2024 net sales of $227.2 million and a net loss of $5.9 million, or a loss of $0.13 per diluted share. Adjusted net loss was $4.4 million, or a loss of $0.09 per diluted share, and adjusted EBITDA was $6.1 million. The company remains on track with investments to increase capacity in support of the U.S. Army’s mission of ramping up munitions production.
Net sales were $227.2 million with a net loss of $5.9 million and adjusted EBITDA of $6.1 million.
Invested $17.6 million in capital expenditures and deployed $20.1 million to repurchase shares.
Total liquidity was strong at $496.8 million as of September 30, 2024.
The company is on track with investments to increase capacity in support of the U.S. Army’s mission of ramping up munitions production.
The company expects adjusted EBITDA to increase modestly on a sequential basis in the fourth quarter of 2024.
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