Metallus Inc. filed its quarterly report on Form 10-Q with the SEC on November 3, 2026, covering the three and nine months ended September 30, 2026, and reporting net income of $23.8 million for the third quarter.

Key Highlights

  • Q3 2026 net sales: $337.2 million, compared with $305.9 million in Q3 2025, according to the filing.
  • Q3 2026 net income: $23.8 million, or $0.55 diluted earnings per share, versus $8.1 million, or $0.19 diluted EPS, in Q3 2025.
  • Nine-month net sales: $986.5 million for the nine months ended September 30, 2026, compared with $891.0 million for the same period in 2025.
  • Nine-month net income: $38.1 million for the nine months ended September 30, 2026, versus $13.1 million for the nine months ended September 30, 2025.
  • Total assets: $1,052.7 million as of September 30, 2026, down from $1,140.2 million as of December 31, 2025.
  • Cash and cash equivalents: $98.6 million as of September 30, 2026, compared with $156.7 million as of December 31, 2025.
  • Shares outstanding: 41,258,894 common shares outstanding as of October 31, 2026, per the filing's cover page.

Metallus Q3 2026 Financial Results: Sales Growth and Other Income Drive Earnings

According to the filing, Metallus Inc. (NYSE:MTUS) reported net sales of $337.2 million for the three months ended September 30, 2026, up from $305.9 million in the comparable prior-year quarter. Gross profit for Q3 2026 was $36.3 million, compared with $35.0 million in Q3 2025. Selling, general and administrative expenses were $23.8 million for the quarter, versus $24.5 million a year earlier. The company reported no restructuring charges in Q3 2026; the prior-year quarter included $2.7 million in restructuring charges.

The filing also reports "Other (income) expense, net" of $(19.7) million for Q3 2026, compared with $(1.9) million in Q3 2025, contributing materially to income before income taxes of $32.3 million for the quarter. The provision for income taxes was $8.5 million, resulting in net income of $23.8 million. For the nine months ended September 30, 2026, net income totaled $38.1 million, or $0.88 diluted earnings per share, compared with $13.1 million, or $0.30 diluted EPS, for the same period in 2025.

On the balance sheet as of September 30, 2026, the company reported total shareholders' equity of $714.8 million, up from $686.0 million at December 31, 2025. Total liabilities declined to $337.9 million from $454.2 million at year-end 2025, in part reflecting the elimination of a government funding liabilities balance of $85.6 million that appeared on the December 31, 2025 balance sheet. Treasury shares increased to $122.0 million (6.8 million shares) from $116.0 million (6.5 million shares) at December 31, 2025, reflecting ongoing share repurchase activity during the period.

What Was Disclosed

Metallus Inc. filed a Form 10-Q for the quarterly period ended September 30, 2026, disclosing income statements, balance sheets, statements of comprehensive income, shareholders' equity, and cash flows for the three and nine months ended September 30, 2026 and 2025.