Metallus reports Q3 adjusted EPS (9c), consensus (2c)

Reports Q3 revenue $227.2M, consensus $274.37M. “We are taking advantage of the lower demand environment to focus on maintaining our world class assets as well as training and developing our employees. This positions the company to quickly capitalize on future demand recovery and deliver a high level of service and product quality to our customers. We continue to make progress on our strategic imperatives that will yield positive results in all market conditions and deliver greater value to our customers, including new and enhanced assets aimed at improving safety, quality and efficiency,” stated Mike Williams, president, and chief executive officer. “Looking ahead, we see an increase in order activity into the fourth quarter and early 2025. Based on customer requirements, we anticipate an increase in aerospace & defense shipments in 2025 and with the benefit of ongoing investments, we expect to grow aerospace & defense sales to over $250 million in 2026. With a strong balance sheet, an active share repurchase program and positive long-term outlook, we are well positioned for future success,” stated Williams.