$MTUS
Metallus Inc.

2023 Q4 Form 10-Q Financial Statement

#000095017023058233 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $328.1M $354.2M
YoY Change 33.7% 11.81%
Cost Of Revenue $286.7M $303.2M
YoY Change 7.9% -2.57%
Gross Profit $41.40M $51.00M
YoY Change -303.94% 810.71%
Gross Profit Margin 12.62% 14.4%
Selling, General & Admin $22.70M $20.50M
YoY Change 30.46% 26.54%
% of Gross Profit 54.83% 40.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.10M $14.00M
YoY Change -3.42% -2.78%
% of Gross Profit 34.06% 27.45%
Operating Expenses $22.70M $20.50M
YoY Change 30.46% 26.54%
Operating Profit $18.70M $30.50M
YoY Change -149.6% -387.74%
Interest Expense $2.100M $600.0K
YoY Change 110.0% -400.0%
% of Operating Profit 11.23% 1.97%
Other Income/Expense, Net -$16.80M $2.000M
YoY Change -152.83% -1100.0%
Pretax Income $3.700M $34.60M
YoY Change -186.05% -374.6%
Income Tax $2.400M $9.800M
% Of Pretax Income 64.86% 28.32%
Net Earnings $1.300M $24.80M
YoY Change -103.92% -286.47%
Net Earnings / Revenue 0.4% 7.0%
Basic Earnings Per Share $0.56
Diluted Earnings Per Share $0.03 $0.51
COMMON SHARES
Basic Shares Outstanding 43.15M 43.45M
Diluted Shares Outstanding 47.90M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $280.6M $225.4M
YoY Change 9.1% -14.13%
Cash & Equivalents $280.6M $225.4M
Short-Term Investments
Other Short-Term Assets $24.70M $2.400M
YoY Change 16.51% -67.57%
Inventory $228.0M $255.4M
Prepaid Expenses
Receivables $113.2M $135.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $656.8M $630.5M
YoY Change 18.0% 8.24%
LONG-TERM ASSETS
Property, Plant & Equipment $492.5M $487.6M
YoY Change 1.32% 0.52%
Goodwill
YoY Change
Intangibles $2.700M $3.000M
YoY Change -46.0% -44.44%
Long-Term Investments
YoY Change
Other Assets $2.000M $2.200M
YoY Change -16.67% -12.0%
Total Long-Term Assets $518.5M $523.3M
YoY Change -1.31% -3.06%
TOTAL ASSETS
Total Short-Term Assets $656.8M $630.5M
Total Long-Term Assets $518.5M $523.3M
Total Assets $1.175B $1.154B
YoY Change 8.62% 2.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $133.3M $148.5M
YoY Change 17.76% 19.95%
Accrued Expenses $75.30M $28.00M
YoY Change 157.88% -10.83%
Deferred Revenue
YoY Change
Short-Term Debt $13.20M $13.10M
YoY Change -35.29% -35.78%
Long-Term Debt Due $13.20M $13.10M
YoY Change -35.29% -35.78%
Total Short-Term Liabilities $248.4M $207.0M
YoY Change 33.05% 7.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $13.40M $13.60M
YoY Change -0.74% 5.43%
Total Long-Term Liabilities $13.40M $13.60M
YoY Change -0.74% 5.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $248.4M $207.0M
Total Long-Term Liabilities $13.40M $13.60M
Total Liabilities $443.7M $423.5M
YoY Change 12.19% 9.38%
SHAREHOLDERS EQUITY
Retained Earnings -$53.70M -$55.00M
YoY Change -56.38% -38.82%
Common Stock $844.2M $842.2M
YoY Change -0.33% -0.45%
Preferred Stock
YoY Change
Treasury Stock (at cost) $71.30M $68.60M
YoY Change 36.85% 104.17%
Treasury Stock Shares
Shareholders Equity $731.6M $730.3M
YoY Change
Total Liabilities & Shareholders Equity $1.175B $1.154B
YoY Change 8.62% 2.81%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $1.300M $24.80M
YoY Change -103.92% -286.47%
Depreciation, Depletion And Amortization $14.10M $14.00M
YoY Change -3.42% -2.78%
Cash From Operating Activities $74.10M $28.10M
YoY Change 212.66% -39.96%
INVESTING ACTIVITIES
Capital Expenditures $15.40M $17.50M
YoY Change 35.09% -407.02%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$15.40M -$17.50M
YoY Change 71.11% 525.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.700M -7.100M
YoY Change -81.59% -65.02%
NET CHANGE
Cash From Operating Activities 74.10M 28.10M
Cash From Investing Activities -15.40M -17.50M
Cash From Financing Activities -3.700M -7.100M
Net Change In Cash 55.00M 3.500M
YoY Change -1118.52% -85.23%
FREE CASH FLOW
Cash From Operating Activities $74.10M $28.10M
Capital Expenditures $15.40M $17.50M
Free Cash Flow $58.70M $10.60M
YoY Change 377.24% -79.81%

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tmst Incremental Common Shares Attributable To Share Based Payment Arrangements Shares Assumed Issued
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CY2022Q3 us-gaap Interest Expense
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us-gaap Interest Expense
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CY2022Q3 us-gaap Investment Income Interest
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us-gaap Investment Income Interest
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us-gaap Investment Income Interest
InvestmentIncomeInterest
1400000
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1800000
CY2022Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
200000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5000000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1600000
CY2023Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
96200000
CY2023Q3 tmst Cash Held In Other Investments
CashHeldInOtherInvestments
118500000
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
50000000
CY2022Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
75000000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8500000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2200000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6500000
tmst Future Allocated Share Based Compensation Expense
FutureAllocatedShareBasedCompensationExpense
15100000
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-500000
us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
3700000
tmst Other Comprehensive Income Loss Deferrals Before Tax
OtherComprehensiveIncomeLossDeferralsBeforeTax
1200000
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3000000
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-5400000
us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
3300000
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
600000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-8100000
CY2023Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
900000
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1100000

Files In Submission

Name View Source Status
tmst-20230930_def.xml Edgar Link unprocessable
tmst-20230930_cal.xml Edgar Link unprocessable
0000950170-23-058233-index-headers.html Edgar Link pending
0000950170-23-058233-index.html Edgar Link pending
0000950170-23-058233.txt Edgar Link pending
0000950170-23-058233-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
img191560056_0.jpg Edgar Link pending
img191560056_1.jpg Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
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report.css Edgar Link pending
Show.js Edgar Link pending
tmst-20230930.htm Edgar Link pending
tmst-20230930.xsd Edgar Link pending
tmst-ex31_1.htm Edgar Link pending
tmst-ex31_2.htm Edgar Link pending
tmst-ex32_1.htm Edgar Link pending
tmst-20230930_lab.xml Edgar Link unprocessable
tmst-20230930_pre.xml Edgar Link unprocessable
tmst-20230930_htm.xml Edgar Link completed