MTUS News & Events

Metallus expects Q1 adjusted EBITDA to be higher than Q4

Reports Q4 revenue $267.3M, consensus $290.82M. "In 2025, we delivered higher shipments to our customers supported by strengthening demand across our key end markets as the need for domestic steel grew," stated Mike Williams, CEO. "Our aerospace and defense product line delivered strong growth as we expanded customer relationships, increased our presence, and achieved new orders in these strategically important markets. We also advanced our government funded assets to support the growth in 2026 and beyond. While we were not satisfied with our fourth-quarter performance, we took the opportunity to implement longer-term operational improvements and are increasing hourly staffing levels in targeted areas to meet growing demand. As a result, our operations performed better to date in the first quarter. This is an encouraging start to 2026, supported by an order book that is now up more than 50% year-over-year. Looking ahead, we expect first-quarter adjusted EBITDA to increase sequentially, providing the foundation for anticipated stronger performance in each quarter of 2026 compared with the same periods in 2025."

Metallus and the United Steelworkers Local 1123 have reached a new tentative agreement for a four-year contract after members rejected previous agreements on October 30 and December 18, 2025. The date of the next vote will be set and announced by the union. "We have reached a new tentative agreement that reflects our ongoing effort to balance both the needs of our employees and the priorities of the company," said Mike Williams, chief executive officer of Metallus. "The tentative contract offers a fair and reasonable resolution, and we value the constructive cooperation from all parties to reach a solution that benefits our employees, maintains job stability, and supports Metallus' future success." To allow time for the union to communicate with its members and schedule the next vote, the current labor contract has been extended for an additional 14 days until February 12, 2026. Operations will continue as normal during this period. The contract covers approximately 1,200 bargaining employees at the company's Canton, Ohio operations.

Metallus and the United Steelworkers Local 1123 have reached a new tentative agreement for a four-year contract after the initial tentative agreement was not ratified by USW members on October 30, 2025. The date of the second vote will be set and announced by the union. The current agreement had been extended until January 29, 2026 and covers approximately 1,200 bargaining employees at the company's Canton, Ohio operations.