Filing Flows › Metallus (MTUS) › Q1 2026
Metallus (MTUS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Metallus (MTUS) reported revenue of $308M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +15% from the quarter before. Operating margin was 2.6%, net earnings $5.4M (1.8% of revenue).
Metallus, Q1 2026: revenue $308M (+10% year over year), operating margin 2.6%, net earnings $5.4M, operating cash flow −$26.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $308M | +15% | +10% |
| Gross profit | $25.1M | +318% | +15% |
| Operating profit | $8.0M | — | +176% |
| Net earnings | $5.4M | — | +315% |
| Operating cash flow | −$26.9M | — | — |
What changed
Revenue was $308.3M in Q1 2026, up 10% year over year and up 15% from the previous quarter. Special Bar Quality Bars was the largest line at 65% of revenue. Special Bar Quality Bars added $34.9M year over year (up 21%), 126% of the total change. Manufactured Components declined 11%.
Gross margin was 8.1%, up 0.3 points from Q1 2025. Operating profit was $8.0M, a 2.6% margin (up 1.6 points year over year). Of the extra revenue versus Q1 2025, 18% reached operating profit, above the 1% margin then. Operating expenses fell 10% while revenue rose 10%. Net earnings were $5.4M, up 315% year over year. The effective tax rate was 32.5%.
Operating cash flow was −$26.9M. Non-cash charges added back $13.7M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items used $49.3M. Capital expenditures of $24.7M exceeded it, leaving free cash flow of −$51.6M.
Questions
What was Metallus' revenue in the first quarter 2026?
Metallus (MTUS) reported revenue of $308M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +15% from the quarter before.
Was Metallus profitable in the first quarter 2026?
Operating profit was $8.0M (2.6% of revenue) and net earnings $5.4M.
Source: Metallus 10-Q on SEC EDGAR.