Overview
Metallus 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/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $305.90 mln | $301.53 mln (3 Analysts) |
Q3 EPS | $0.19 | ||
Q3 Net Income | $8.10 mln | ||
Q3 Pretax Profit | $10.90 mln |
Press Release: ID:nPn46plfpa
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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.)
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