Filing Flows › Metallus (MTUS) › Q2 2026
Metallus (MTUS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Metallus (MTUS) reported revenue of $341M for the second quarter 2026 (Q2 2026), +12% from a year earlier and +11% from the quarter before. Operating margin was 3.5%, net earnings $8.9M (2.6% of revenue).
Metallus, Q2 2026: revenue $341M (+12% year over year), operating margin 3.5%, net earnings $8.9M, operating cash flow $12.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $341M | +11% | +12% |
| Gross profit | $34.1M | +36% | +6% |
| Operating profit | $11.9M | +49% | +38% |
| Net earnings | $8.9M | +65% | +141% |
| Operating cash flow | $12.8M | — | -63% |
What changed
Revenue was $341.0M in Q2 2026, up 12% year over year and up 11% from the previous quarter. Special Bar Quality Bars was the largest line at 65% of revenue. Special Bar Quality Bars added $34.8M year over year (up 19%), 96% of the total change. Manufactured Components declined 3%.
Gross margin was 10.0%, down 0.6 points from Q2 2025. Operating profit was $11.9M, a 3.5% margin (up 0.7 points year over year). Of the extra revenue versus Q2 2025, 9% reached operating profit, above the 3% margin then. Operating expenses fell 6% while revenue rose 12%. Net earnings were $8.9M, up 141% year over year. The effective tax rate was 25.2%.
Operating cash flow was $12.8M (down 63% year over year), 144% of net earnings. Non-cash charges added back $13.4M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items used $12.8M. Capital expenditures of $15.2M exceeded it, leaving free cash flow of −$2.4M.
Questions
What was Metallus' revenue in the second quarter 2026?
Metallus (MTUS) reported revenue of $341M for the second quarter 2026 (Q2 2026), +12% from a year earlier and +11% from the quarter before.
Was Metallus profitable in the second quarter 2026?
Operating profit was $11.9M (3.5% of revenue) and net earnings $8.9M.
Source: Metallus 10-Q on SEC EDGAR.