Metallus reports Q1 adjusted EPS 7c, consensus 12c

Reports Q1 revenue $280.5M, consensus $264.03M. “Our solid order book, strengthening spot pricing environment, and recent market share gains demonstrate the trust our customers place in us and the resilience of our business strategy. We support the enforcement and expansion of steel tariffs and believe they will help Metallus (MTUS)meet the growing demand for U.S.-produced steel. As domestic steel consumption increases, we are experiencing an increase in our order bookings from new and existing customers. Consequently, our order backlog has increased approximately 50 percent from the same period a year ago. At the same time, we remain mindful of the potential challenges posed by the current macroeconomic landscape. We are confident that we will be able to navigate this uncertainty and continue delivering value to our stakeholders,” stated Mike Williams, president and chief executive officer.