Filing Flows › Metallus (MTUS) › Q3 2026
Metallus (MTUS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Metallus (MTUS) reported revenue of $337M for the third quarter 2026 (Q3 2026), +10% from a year earlier and -1% from the quarter before. Operating margin was 9.6%, net earnings $23.8M (7.1% of revenue).
Metallus, Q3 2026: revenue $337M (+10% year over year), operating margin 9.6%, net earnings $23.8M, operating cash flow $6.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $337M | -1% | +10% |
| Gross profit | $36.3M | +6% | +4% |
| Operating profit | $32.3M | +171% | +196% |
| Net earnings | $23.8M | +167% | +194% |
| Operating cash flow | $6.8M | -47% | -69% |
What changed
Revenue was $337.2M in Q3 2026, up 10% year over year and down 1% from the previous quarter. Special Bar Quality Bars was the largest line at 63% of revenue. Special Bar Quality Bars added $27.1M year over year (up 15%), 87% of the total change. Manufactured Components declined 2%.
Gross margin was 10.8%, down 0.7 points from Q3 2025. Operating profit was $32.3M, a 9.6% margin (up 6.0 points year over year). Of the extra revenue versus Q3 2025, 68% reached operating profit, above the 4% margin then. Operating expenses fell 83% while revenue rose 10%. Net earnings were $23.8M, up 194% year over year. The effective tax rate was 26.3%.
Operating cash flow was $6.8M (down 69% year over year), 29% of net earnings. Non-cash charges added back $14.5M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $35.1M. Capital expenditures of $13.1M exceeded it, leaving free cash flow of −$6.3M.
Questions
What was Metallus' revenue in the third quarter 2026?
Metallus (MTUS) reported revenue of $337M for the third quarter 2026 (Q3 2026), +10% from a year earlier and -1% from the quarter before.
Was Metallus profitable in the third quarter 2026?
Operating profit was $32.3M (9.6% of revenue) and net earnings $23.8M.
Source: Metallus 10-Q on SEC EDGAR.