Metallus Third Quarter 2024 Earnings: Misses Expectations

Metallus Inc. Common Shares +0.06%

Metallus Inc. Common Shares

MTUS

16.45

+0.06%

Metallus (NYSE:MTUS) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$227.2m (down 36% from 3Q 2023).
  • Net loss: US$5.90m (down by 124% from US$24.8m profit in 3Q 2023).
  • US$0.13 loss per share (down from US$0.56 profit in 3Q 2023).
earnings-and-revenue-growth
NYSE:MTUS Earnings and Revenue Growth November 9th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Metallus Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Metals and Mining industry in the US.

The company's shares are up 9.5% from a week ago.

Risk Analysis

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