Filing Flows › Metallus (MTUS) › Q1 2025
Metallus (MTUS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Metallus (MTUS) reported revenue of $280M for the first quarter 2025 (Q1 2025), -13% from a year earlier and +17% from the quarter before. Operating margin was 1.0%, net earnings $1.3M (0.5% of revenue).
Metallus, Q1 2025: revenue $280M (-13% year over year), operating margin 1.0%, net earnings $1.3M, operating cash flow −$38.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $280M | +17% | -13% |
| Gross profit | $21.9M | +101% | -57% |
| Operating profit | $2.9M | — | -90% |
| Net earnings | $1.3M | — | -95% |
| Operating cash flow | −$38.9M | — | — |
What changed
Revenue was $280.5M in Q1 2025, down 13% year over year and up 17% from the previous quarter. Special Bar Quality Bars was the largest line at 59% of revenue. Special Bar Quality Bars lost $27.9M year over year (down 14%), 68% of the total change.
Gross margin was 7.8%, down 7.9 points from a year earlier. Operating profit was $2.9M, a 1.0% margin (down 8.3 points year over year). Operating expenses fell 8% while revenue fell 13%. Net earnings were $1.3M, down 95% year over year. The effective tax rate was 55.2%.
Operating cash flow was −$38.9M. Non-cash charges added back $13.7M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $57.3M. Capital expenditures of $27.5M exceeded it, leaving free cash flow of −$66.4M.
Questions
What was Metallus' revenue in the first quarter 2025?
Metallus (MTUS) reported revenue of $280M for the first quarter 2025 (Q1 2025), -13% from a year earlier and +17% from the quarter before.
Was Metallus profitable in the first quarter 2025?
Operating profit was $2.9M (1.0% of revenue) and net earnings $1.3M.
Source: Metallus 10-Q on SEC EDGAR.