What is the revenue and EPS growth rate for Metallus year over year?

What factors drove the changes in Metallus's revenue and profit?

What is Metallus's latest dividend and current dividend yield?

What guidance did Metallus's management provide for the next earnings period?

What is Metallus's gross profit margin?

What were the key takeaways from Metallus’s earnings call?

What does Metallus do and what are its main business segments?

What were the key takeaways from Metallus's earnings call?

- **Revenue Growth**: Q3 shipments up 36% YoY, driven by aerospace/defense (80% backlog growth) and stable automotive demand.
- **A&D Expansion**: Targeting $250M annual A&D sales by mid-2026, with new wins in munitions, bearings, and rocket casings.
- **Financial Strength**: Adjusted EBITDA $29M (sequential +9%), strong cash position ($191.5M), and $82M received of $100M government funding.
- **Q4 Challenges**: 5-10% EBITDA decline expected due to seasonal shipment decline, $11M shutdown costs, and potential supply chain disruptions.
- **Tariff Benefits**: Domestic demand shift in energy and industrial markets; 2026 customer inquiries up significantly.

**【CEO Summary Section】**
- **Safety Performance**: 0 serious injuries in 2025, 15% reduction in days away and 34% reduction in lost workdays compared to 2024. Annual maintenance shutdown at Faircrest completed without incidents.
- **Revenue Growth**: Aerospace and defense backlog up 80% YoY. Q3 shipments up 36% YoY across all end markets, driven by favorable product mix and higher production levels.
- **Customer Expansion**: Secured over 2 dozen new customers in 2025, including wins in aerospace bearings, munitions, and rocket motor casings. A&D sales targeting $250M annual run rate by mid-2026.
- **Labor Negotiations**: Union rejected tentative agreement; contract extended to Jan 29, 2026. Potential $3-5M incremental costs if agreement delays.

**【CFO Financial Commentary】**
- **Q3 Financials**: Net sales $305.9M (sequential +$1.3M), adjusted EBITDA $29M (sequential +9%). Operating cash flow $22M, ending cash balance $191.5M (including $21M government funding).
- **Government Funding**: Received $82M of $100M committed for munitions production; remaining $18M expected in early 2026. Capital expenditures $28.4M (FY25 guidance $120M).
- **Share Repurchases**: Repurchased 178K shares ($3M) in Q3; $90.9M remaining under authorization. Diluted shares reduced 25% since 2022.
- **Q4 Outlook**: Adjusted EBITDA expected to decline 5-10% QoQ due to seasonal shipment decline, $11M shutdown costs, and potential supply chain disruptions.

**【Q&A Key Highlights】**
- **Automotive Market**: Q3 shipments stable despite Ford supply chain concerns. Auto customers project stronger 2026 demand.
- **Tariffs Impact**: Positive domestic demand shift in energy and industrial markets; 2026 tariff-driven customer inquiries up significantly.
- **Energy Market**: 70-80% natural gas costs hedged for 2026. Electrical energy costs increased $2-3M QoQ in Q2, with 2-year contracts locking in prices.
- **A&D Momentum**: VAR steel sales growing; munitions production ramping as supply chain issues resolve. New gun barrel and aerospace bearing programs to drive 2026 growth.
- **CapEx Timing**: FY25 CapEx reduced to $120M (from prior $130M) due to payment timing; 2026 planning underway with focus on A&D capacity expansion.

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