Metallus Q3 net sales rise 10% to $337.2 million; net income $23.8 million

Metallus reported third-quarter 2026 net sales of $337.2 million, up 10% from a year earlier but down 1% from the second quarter, and net income of $23.8 million, or $0.55 per diluted share. The company expects fourth-quarter adjusted EBITDA to be lower than the third quarter and full-year 2026 adjusted EBITDA of $100 million to $105 million.

Key points

• Q3 2026 adjusted EBITDA was $34.5 million, up from $29.0 million in both the second quarter of 2026 and the third quarter of 2025.
• Q3 net income included a $15.7 million gain from remeasurement of benefit plans; adjusted net income was $14.9 million, or $0.35 per diluted share, versus $11.8 million, or $0.27, a year earlier.
• Fourth-quarter shipments are expected to fall by a high-single-digit percentage sequentially, and annual shutdown maintenance is expected to reduce adjusted EBITDA by about $10 million to $15 million versus the third quarter.
• Kristopher Westbrooks will succeed Mike Williams as chief executive officer at the end of 2026, and the company received a U.S. Defense Logistics Agency contract with an initial $125 million purchase order.

The filing

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.