Metallus Inc. (MTUS) Financial Statements (2024 and earlier)

Company Profile

Business Address 1835 DUEBER AVENUE SW
CANTON, OH 44706-0928
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 3312 - Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments280,600257,200259,600102,80027,10021,600
Cash and cash equivalents280,600257,200259,600102,80027,10021,600
Restricted cash and investments700600    
Receivables113,50081,600100,50063,30077,500163,400
Inventory, net of allowances, customer advances and progress billings228,000192,400210,900178,400281,900296,800
Inventory228,000192,400210,900178,400281,900296,800
Asset, held-for-sale, not part of disposal group   4,3003004,100 
Other current assets24,70021,2003,1008,8007,8006,100
Other undisclosed current assets9,3003,6003,9004,0003,3003,500
Total current assets:656,800556,600582,300357,600401,700491,400
Noncurrent Assets
Operating lease, right-of-use asset11,40012,50014,50021,000 
Property, plant and equipment492,500486,100510,200569,800626,400 
Intangible assets, net (including goodwill)2,7005,0006,7009,30014,30017,800
Intangible assets, net (excluding goodwill)2,7005,0006,7009,30014,30017,800
Other noncurrent assets2,0002,4002,1002,8003,3003,500
Other undisclosed noncurrent assets9,90019,40043,10033,50039,50010,500
Total noncurrent assets:518,500525,400576,600636,400683,50031,800
Other undisclosed assets      674,400
TOTAL ASSETS:1,175,3001,082,0001,158,900994,0001,085,2001,197,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities203,400139,100162,300105,200103,100217,800
Employee-related liabilities4,3002,30013,90036,800
Accounts payable133,300113,200141,90089,50069,300160,600
Accrued liabilities70,10025,90016,10013,40019,90020,400
Debt13,20020,40044,90038,900  
Other undisclosed current liabilities31,80027,20043,60036,9009,2003,000
Total current liabilities:248,400186,700250,800181,000112,300220,800
Noncurrent Liabilities
Long-term debt and lease obligation   8,80052,800168,60074,100
Long-term debt, excluding current maturities    39,300168,60074,100
Liabilities, other than long-term debt195,300208,800234,700252,700232,100251,700
Deferred income tax liabilities15,00025,9002,2001,000 
Liability, pension and other postretirement and postemployment benefits160,500162,900223,000240,700222,100240,000
Other liabilities13,40013,5009,50011,00010,00011,700
Operating lease, liability6,4006,5008,80013,500 
Other undisclosed noncurrent liabilities     9,100115,800
Total noncurrent liabilities:195,300208,800243,500305,500409,800441,600
Total liabilities:443,700395,500494,300486,500522,100662,400
Equity
Equity, attributable to parent731,600686,500664,600507,500563,100535,200
Treasury stock, value(71,300)(52,100) (12,900)(24,900)(33,000)
Additional paid in capital844,200847,000832,100843,400844,800846,300
Accumulated other comprehensive income (loss)12,40014,70020,70040,40044,700(8,900)
Accumulated deficit(53,700)(123,100)(188,200)(363,400)(301,500)(269,200)
Total equity:731,600686,500664,600507,500563,100535,200
TOTAL LIABILITIES AND EQUITY:1,175,3001,082,0001,158,900994,0001,085,2001,197,600

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,362,4001,329,9001,282,900830,7001,208,8001,610,600
Cost of revenue
(Cost of Goods and Services Sold)
(1,175,900)(1,203,200)(1,062,900)(815,100)(1,186,200)(1,505,700)
Gross profit:186,500126,700220,00015,60022,600104,900
Operating expenses(82,100)(76,500)(95,800)(83,800)(109,700)(98,200)
Other undisclosed operating loss      (900)
Operating income (loss):104,40050,200124,200(68,200)(87,100)5,800
Nonoperating income (expense)6,10093,90059,50014,200(23,300)(18,600)
Investment income, nonoperating9,8003,300    
Other nonoperating income (expense)(3,700)90,60059,50014,200(23,300)(18,600)
Interest and debt expense(14,100)(47,000)(5,900)(13,100)(15,700)(17,100)
Other undisclosed income from continuing operations before equity method investments, income taxes    6,400  
Income (loss) from continuing operations before equity method investments, income taxes:96,40097,100177,800(60,700)(126,100)(29,900)
Other undisclosed loss from continuing operations before income taxes   (1,100)   
Income (loss) from continuing operations before income taxes:96,40097,100176,700(60,700)(126,100)(29,900)
Income tax expense (benefit)(27,000)(32,000)(5,700)(1,200)16,100(1,800)
Income (loss) from continuing operations:69,40065,100171,000(61,900)(110,000)(31,700)
Income (loss) before gain (loss) on sale of properties:171,000(61,900)(110,000)(31,700)
Net income (loss) available to common stockholders, basic:69,40065,100171,000(61,900)(110,000)(31,700)
Interest on convertible debt1,0001,9004,100   
Net income (loss) available to common stockholders, diluted:70,40067,000175,100(61,900)(110,000)(31,700)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):69,40065,100171,000(61,900)(110,000)(31,700)
Other comprehensive income (loss)     53,600(1,300)
Comprehensive income (loss):69,40065,100171,000(61,900)(56,400)(33,000)
Other undisclosed comprehensive loss, net of tax, attributable to parent(2,300)(6,000)(19,700)(4,300)  
Comprehensive income (loss), net of tax, attributable to parent:67,10059,100151,300(66,200)(56,400)(33,000)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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