Metallus reports Q1 sales up 10% to $308M and net income of $5.4M, with strong demand and improved operations.

Metallus Inc. posted a 10% increase in net sales to $308.3 million and a net income of $5.4 million in Q1 2026, driven by higher shipments and improved manufacturing efficiency. Adjusted EBITDA rose 39% to $24.6 million, reflecting stronger demand across all end markets and operational improvements like higher melt utilization. The company invested $24.7 million in capital expenditures, including government-funded projects, and repurchased $4.3 million in shares. Looking ahead, Metallus expects continued profitability growth in 2026, supported by a strong order book, favorable product mix, and pricing improvements.