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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments280,600225,400221,900227,400257,200262,500
Cash and cash equivalents280,600225,400221,900227,400257,200262,500
Restricted cash and investments700900900900600700
Receivables113,500135,800133,300127,10081,600100,100
Inventory, net of allowances, customer advances and progress billings228,000255,400266,000244,700192,400205,600
Inventory228,000255,400266,000244,700192,400205,600
Other current assets24,7002,4002,30010,90021,2007,400
Other undisclosed current assets9,30010,6002,3003,7003,6006,200
Total current assets:656,800630,500626,700614,700556,600582,500
Noncurrent Assets
Operating lease, right-of-use asset11,40011,20011,60012,30012,50014,000
Property, plant and equipment492,500487,600485,300482,800486,100485,100
Intangible assets, net (including goodwill)2,7003,0003,9004,4005,0005,400
Intangible assets, net (excluding goodwill)2,7003,0003,9004,4005,0005,400
Other noncurrent assets2,0002,2002,3002,4002,4002,500
Other undisclosed noncurrent assets9,90019,30018,70018,70019,40032,800
Total noncurrent assets:518,500523,300521,800520,600525,400539,800
TOTAL ASSETS:1,175,3001,153,8001,148,5001,135,3001,082,0001,122,300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities203,400167,900180,400195,100139,100145,300
Employee-related liabilities2,600
Accounts payable133,300148,500164,600173,300113,200123,800
Accrued liabilities70,10019,40015,80021,80025,90018,900
Debt13,20013,10013,10013,10020,40020,400
Other undisclosed current liabilities31,80026,00026,30022,80027,20026,200
Total current liabilities:248,400207,000219,800231,000186,700191,900
Noncurrent Liabilities
Long-term debt and lease obligation:      7,800
Liabilities, other than long-term debt195,300216,500216,900212,900208,800187,500
Deferred income tax liabilities15,00026,60026,70026,60025,9001,700
Liability, pension and other postretirement and postemployment benefits160,500170,400168,100165,600162,900172,900
Other liabilities13,40013,60016,30014,40013,50012,900
Operating lease, liability6,4005,9005,8006,3006,5007,800
Total noncurrent liabilities:195,300216,500216,900212,900208,800195,300
Total liabilities:443,700423,500436,700443,900395,500387,200
Equity
Equity, attributable to parent731,600730,300711,800691,400686,500735,100
Treasury stock, value(71,300)(68,600)(63,100)(53,500)(52,100)(33,600)
Additional paid in capital844,200842,200841,200839,500847,000846,000
Accumulated other comprehensive income12,40011,70013,50014,10014,70012,600
Accumulated deficit(53,700)(55,000)(79,800)(108,700)(123,100)(89,900)
Total equity:731,600730,300711,800691,400686,500735,100
TOTAL LIABILITIES AND EQUITY:1,175,3001,153,8001,148,5001,135,3001,082,0001,122,300

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues328,100354,200356,600323,500245,400316,800
Cost of revenue
(Cost of Goods and Services Sold)
(286,700)(303,200)(302,900)(283,100)(265,700)(311,200)
Gross profit:41,40051,00053,70040,400(20,300)5,600
Operating expenses(23,000)(20,200)(17,800)(21,100)(16,800)(18,100)
Operating income (loss):18,40030,80035,90019,300(37,100)(12,500)
Nonoperating income (expense)(13,900)4,4004,60011,00033,700900
Investment income, nonoperating2,9002,4002,3002,2001,9001,100
Other nonoperating income (expense)(16,800)2,0002,3008,80031,800(200)
Interest and debt expense(800)(600)(600)(12,100)(3,900)(100)
Income (loss) from continuing operations before equity method investments, income taxes:3,70034,60039,90018,200(7,300)(11,700)
Other undisclosed income (loss) from continuing operations before income taxes     3,000(900)
Income (loss) from continuing operations before income taxes:3,70034,60039,90018,200(4,300)(12,600)
Income tax expense(2,400)(9,800)(11,000)(3,800)(28,900)(700)
Income (loss) from continuing operations:1,30024,80028,90014,400(33,200)(13,300)
Loss before gain (loss) on sale of properties:(13,300)
Net income (loss) available to common stockholders, basic:1,30024,80028,90014,400(33,200)(13,300)
Interest on convertible debt200200200300400 
Net income (loss) available to common stockholders, diluted:1,50025,00029,10014,700(32,800)(13,300)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):1,30024,80028,90014,400(33,200)(13,300)
Comprehensive income (loss):1,30024,80028,90014,400(33,200)(13,300)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent700(1,800)(600)(600)2,100(3,100)
Comprehensive income (loss), net of tax, attributable to parent:2,00023,00028,30013,800(31,100)(16,400)

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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