Overview

* Metallus ( MTUS ) Q3 net sales of $305.9 mln beat analyst expectations

* Adjusted EBITDA improved sequentially for the fourth consecutive quarter

* Company invested $28.4 mln in capital expenditures, repurchased $3.0 mln in shares

Outlook

* Company expects Q4 adjusted EBITDA to be lower due to seasonality and supply chain issues

* Fourth-quarter shipments expected to be lower due to year-end seasonality

* Base price per ton to increase slightly due to announced price hikes

Result Drivers

* AEROSPACE AND DEFENSE SHIPMENTS - Higher shipments in aerospace and defense markets drove sales growth

* OPERATIONAL PERFORMANCE - Improved operational performance and favorable product mix contributed to results, per CEO Mike Williams

* MANUFACTURING COSTS - Manufacturing costs benefited from increased fixed cost leverage on higher production volume

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $305.90 $301.53

mln mln (3

Analysts

)

Q3 EPS $0.19

Q3 Net $8.10

Income mln

Q3 $10.90

Pretax mln

Profit

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)