$MTUS
Metallus Inc.

2024 Q3 Form 10-Q Financial Statement

#000095017024094053 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $227.2M $294.7M
YoY Change -35.86% -17.36%
Cost Of Revenue $215.1M $270.6M
YoY Change -29.06% -10.66%
Gross Profit $12.10M $24.10M
YoY Change -76.27% -55.12%
Gross Profit Margin 5.33% 8.18%
Selling, General & Admin $22.50M $20.70M
YoY Change 9.76% 1.47%
% of Gross Profit 185.95% 85.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.60M $13.40M
YoY Change -2.86% -6.29%
% of Gross Profit 112.4% 55.6%
Operating Expenses $22.50M $20.70M
YoY Change 9.76% 1.47%
Operating Profit -$10.40M $3.400M
YoY Change -134.1% -89.79%
Interest Expense $2.700M $700.0K
YoY Change 350.0% 16.67%
% of Operating Profit 20.59%
Other Income/Expense, Net $1.000M $500.0K
YoY Change -50.0% -78.26%
Pretax Income -$7.100M $6.100M
YoY Change -120.52% -84.71%
Income Tax -$1.200M $1.500M
% Of Pretax Income 24.59%
Net Earnings -$5.900M $4.600M
YoY Change -123.79% -84.08%
Net Earnings / Revenue -2.6% 1.56%
Basic Earnings Per Share -$0.13 $0.10
Diluted Earnings Per Share -$0.13 $0.10
COMMON SHARES
Basic Shares Outstanding 43.46M 43.86M
Diluted Shares Outstanding 43.10M 46.60M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $254.6M $272.8M
YoY Change 12.95% 22.94%
Cash & Equivalents $254.6M $272.8M
Short-Term Investments
Other Short-Term Assets $6.500M $8.200M
YoY Change 170.83% 256.52%
Inventory $218.0M $203.9M
Prepaid Expenses
Receivables $105.1M $107.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $602.0M $606.8M
YoY Change -4.52% -3.18%
LONG-TERM ASSETS
Property, Plant & Equipment $496.3M $491.1M
YoY Change 1.78% 1.2%
Goodwill
YoY Change
Intangibles $4.000M $4.100M
YoY Change 33.33% 5.13%
Long-Term Investments
YoY Change
Other Assets $12.60M $1.800M
YoY Change 472.73% -21.74%
Total Long-Term Assets $531.4M $513.6M
YoY Change 1.55% -1.57%
TOTAL ASSETS
Total Short-Term Assets $602.0M $606.8M
Total Long-Term Assets $531.4M $513.6M
Total Assets $1.133B $1.120B
YoY Change -1.77% -2.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $113.3M $114.2M
YoY Change -23.7% -30.62%
Accrued Expenses $42.70M $45.40M
YoY Change 52.5% 60.42%
Deferred Revenue
YoY Change
Short-Term Debt $13.20M $13.20M
YoY Change 0.76% 0.76%
Long-Term Debt Due $13.20M $13.20M
YoY Change 0.76% 0.76%
Total Short-Term Liabilities $228.2M $195.3M
YoY Change 10.24% -11.15%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $13.70M $13.10M
YoY Change 0.74% -19.63%
Total Long-Term Liabilities $13.70M $13.10M
YoY Change 0.74% -19.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $228.2M $195.3M
Total Long-Term Liabilities $13.70M $13.10M
Total Liabilities $420.7M $384.1M
YoY Change -0.66% -12.04%
SHAREHOLDERS EQUITY
Retained Earnings -$31.00M -$25.10M
YoY Change -43.64% -68.55%
Common Stock $840.4M $837.2M
YoY Change -0.21% -0.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $105.1M $85.40M
YoY Change 53.21% 35.34%
Treasury Stock Shares
Shareholders Equity $712.7M $736.3M
YoY Change
Total Liabilities & Shareholders Equity $1.133B $1.120B
YoY Change -1.77% -2.45%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$5.900M $4.600M
YoY Change -123.79% -84.08%
Depreciation, Depletion And Amortization $13.60M $13.40M
YoY Change -2.86% -6.29%
Cash From Operating Activities -$15.30M $8.300M
YoY Change -154.45% -37.59%
INVESTING ACTIVITIES
Capital Expenditures $17.60M $14.10M
YoY Change 0.57% 74.07%
Acquisitions
YoY Change
Other Investing Activities $35.50M $10.00M
YoY Change 4900.0%
Cash From Investing Activities $17.90M -$4.100M
YoY Change -202.29% -48.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.10M -9.400M
YoY Change 183.1% -13.76%
NET CHANGE
Cash From Operating Activities -15.30M 8.300M
Cash From Investing Activities 17.90M -4.100M
Cash From Financing Activities -20.10M -9.400M
Net Change In Cash -17.50M -5.200M
YoY Change -600.0% -5.45%
FREE CASH FLOW
Cash From Operating Activities -$15.30M $8.300M
Capital Expenditures $17.60M $14.10M
Free Cash Flow -$32.90M -$5.800M
YoY Change -410.38% -211.54%

Facts In Submission

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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2600000
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2023Q1 mtus Treasury Stock Value Acquired
TreasuryStockValueAcquired
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CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2023Q1 us-gaap Stockholders Equity
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CY2023Q2 us-gaap Net Income Loss
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CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2900000
CY2023Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2023Q2 mtus Treasury Stock Value Acquired
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CY2023Q2 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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28800000
us-gaap Amortization Of Financing Costs And Discounts
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200000
us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Gain Loss On Disposition Of Assets1
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2500000
us-gaap Increase Decrease In Deferred Income Taxes
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us-gaap Increase Decrease In Deferred Income Taxes
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncashExcludingMarkToMarketAdjustments
4100000
mtus Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash Excluding Mark To Market Adjustments
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5800000
us-gaap Increase Decrease In Accounts Receivable
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53500000
us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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73000000
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us-gaap Increase Decrease In Accounts Payable
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49000000
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Pension And Other Postretirement Benefit Contributions
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us-gaap Pension And Other Postretirement Benefit Contributions
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Net Cash Provided By Used In Operating Activities
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41700000
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments For Capital Improvements
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mtus Proceeds From Government Funding
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mtus Proceeds From Government Funding
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Stock Options Exercised
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1800000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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15400000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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3400000
us-gaap Repayments Of Convertible Debt
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us-gaap Repayments Of Convertible Debt
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18700000
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
281300000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
257800000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
273400000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
222800000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
272800000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
221900000
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2023Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
273400000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
222800000
CY2024Q2 us-gaap Government Assistance Liability
GovernmentAssistanceLiability
10000000
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
294700000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
356600000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
616300000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
680100000
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
294700000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
356600000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
616300000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
680100000
CY2024Q2 mtus Contract Liabalities Totalated
ContractLiabalitiesTotalated
400000
CY2023Q2 mtus Contract Liabalities Totalated
ContractLiabalitiesTotalated
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CY2024Q2 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Excluding Service Component
PensionCostandOtherPostretirementBenefitsCostReversalofCostExcludingServiceComponent
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CY2023Q2 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Excluding Service Component
PensionCostandOtherPostretirementBenefitsCostReversalofCostExcludingServiceComponent
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mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Excluding Service Component
PensionCostandOtherPostretirementBenefitsCostReversalofCostExcludingServiceComponent
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mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Excluding Service Component
PensionCostandOtherPostretirementBenefitsCostReversalofCostExcludingServiceComponent
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CY2024Q2 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
1000000
CY2023Q2 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
500000
mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
1800000
mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
2700000
CY2024Q2 us-gaap Gain Loss On Sale Of Insurance Block
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0
CY2023Q2 us-gaap Gain Loss On Sale Of Insurance Block
GainLossOnSaleOfInsuranceBlock
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us-gaap Gain Loss On Sale Of Insurance Block
GainLossOnSaleOfInsuranceBlock
0
us-gaap Gain Loss On Sale Of Insurance Block
GainLossOnSaleOfInsuranceBlock
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CY2024Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
100000
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
100000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
300000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
100000
CY2024Q2 mtus Miscellaneous Nonoperating Income Expense
MiscellaneousNonoperatingIncomeExpense
0
CY2023Q2 mtus Miscellaneous Nonoperating Income Expense
MiscellaneousNonoperatingIncomeExpense
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mtus Miscellaneous Nonoperating Income Expense
MiscellaneousNonoperatingIncomeExpense
0
mtus Miscellaneous Nonoperating Income Expense
MiscellaneousNonoperatingIncomeExpense
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CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2300000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2024Q2 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
1000000
mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
1800000
CY2024Q2 mtus Investment Losses On Plan Assets
InvestmentLossesOnPlanAssets
1800000
mtus Investment Losses On Plan Assets
InvestmentLossesOnPlanAssets
3300000
CY2024Q2 mtus Investment Gains On Plan Assets
InvestmentGainsOnPlanAssets
700000
mtus Investment Gains On Plan Assets
InvestmentGainsOnPlanAssets
1400000
CY2024Q2 mtus Pension Cost And Other Postretirement Benefits Cost Plan Gain On Annuitization
PensionCostAndOtherPostretirementBenefitsCostPlanGainOnAnnuitization
100000
CY2023Q2 mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
500000
mtus Pension Costand Other Postretirement Benefits Cost Reversalof Cost Remeasurement
PensionCostandOtherPostretirementBenefitsCostReversalofCostRemeasurement
2700000
CY2023Q2 mtus Investment Losses On Plan Assets
InvestmentLossesOnPlanAssets
2600000
CY2023Q2 mtus Investment Gains On Plan Assets
InvestmentGainsOnPlanAssets
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CY2023 us-gaap Gain Loss On Sale Of Insurance Block
GainLossOnSaleOfInsuranceBlock
31300000
CY2023Q1 us-gaap Gain Loss On Sale Of Insurance Block
GainLossOnSaleOfInsuranceBlock
9800000
CY2023Q1 mtus Gain Loss On Total Recovery
GainLossOnTotalRecovery
800000
CY2023Q2 mtus Gain Loss On Total Recovery
GainLossOnTotalRecovery
9000000
CY2023Q2 us-gaap Gain Loss On Sale Of Insurance Block
GainLossOnSaleOfInsuranceBlock
1500000
CY2024Q1 mtus Gain Loss On Total Recovery
GainLossOnTotalRecovery
20000000
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1500000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7500000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14800000
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.274
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2024Q2 mtus Incremental Common Shares Attributable To Share Based Payment Arrangements Shares Assumed Issued
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsSharesAssumedIssued
2400000
mtus Incremental Common Shares Attributable To Share Based Payment Arrangements Shares Assumed Issued
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsSharesAssumedIssued
2200000
CY2024Q2 mtus Incremental Common Shares Attributable To Share Based Payment Arrangements Shares Assumed Purchased With Potential Proceeds
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsSharesAssumedPurchasedWithPotentialProceeds
1300000
mtus Incremental Common Shares Attributable To Share Based Payment Arrangements Shares Assumed Purchased With Potential Proceeds
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsSharesAssumedPurchasedWithPotentialProceeds
1000000
CY2023Q2 mtus Incremental Common Shares Attributable To Share Based Payment Arrangements Shares Assumed Issued
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsSharesAssumedIssued
2800000
mtus Incremental Common Shares Attributable To Share Based Payment Arrangements Shares Assumed Issued
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsSharesAssumedIssued
2700000
CY2023Q2 mtus Incremental Common Shares Attributable To Share Based Payment Arrangements Shares Assumed Purchased With Potential Proceeds
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsSharesAssumedPurchasedWithPotentialProceeds
1000000
mtus Incremental Common Shares Attributable To Share Based Payment Arrangements Shares Assumed Purchased With Potential Proceeds
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsSharesAssumedPurchasedWithPotentialProceeds
800000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4600000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28900000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28600000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
43300000
CY2024Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
200000
CY2023Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
200000
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
400000
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
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CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4800000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
29100000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
29000000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
43900000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43800000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43800000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43700000
us-gaap Weighted Average Number Of Shares Outstanding Basic
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43800000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1100000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1800000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1200000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1900000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1700000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1700000
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1700000
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2100000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46600000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47300000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46600000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47800000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.99
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.1
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2024Q2 us-gaap Other Inventory Supplies
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57500000
CY2023Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
51500000
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
21700000
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
17500000
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
91000000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
109600000
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
34400000
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
50100000
CY2024Q2 us-gaap Inventory Gross
InventoryGross
204600000
CY2023Q4 us-gaap Inventory Gross
InventoryGross
228700000
CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
700000
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
700000
CY2024Q2 us-gaap Inventory Net
InventoryNet
203900000
CY2023Q4 us-gaap Inventory Net
InventoryNet
228000000
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
13200000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
13200000
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
13200000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
13200000
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0
us-gaap Interest Paid
InterestPaid
900000
us-gaap Interest Paid
InterestPaid
1100000
CY2024Q2 us-gaap Interest Expense
InterestExpense
700000
CY2023Q2 us-gaap Interest Expense
InterestExpense
600000
us-gaap Interest Expense
InterestExpense
1300000
us-gaap Interest Expense
InterestExpense
1300000
CY2024Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
3100000
CY2023Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
2300000
us-gaap Investment Income Interest
InvestmentIncomeInterest
6500000
us-gaap Investment Income Interest
InvestmentIncomeInterest
4500000
CY2024Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2400000
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1700000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5200000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
3200000
CY2024Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
142700000
CY2023Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
78200000
CY2024Q2 mtus Cash Held In Other Investments
CashHeldInOtherInvestments
122700000
CY2023Q2 mtus Cash Held In Other Investments
CashHeldInOtherInvestments
117200000
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
50000000
CY2022Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
75000000
CY2024Q2 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000
CY2024Q2 us-gaap Treasury Stock Reissued At Lower Than Repurchase Price
TreasuryStockReissuedAtLowerThanRepurchasePrice
21.88
us-gaap Treasury Stock Reissued At Lower Than Repurchase Price
TreasuryStockReissuedAtLowerThanRepurchasePrice
21.55
CY2023Q2 us-gaap Treasury Stock Reissued At Lower Than Repurchase Price
TreasuryStockReissuedAtLowerThanRepurchasePrice
17.66
us-gaap Treasury Stock Reissued At Lower Than Repurchase Price
TreasuryStockReissuedAtLowerThanRepurchasePrice
17.9
CY2024Q3 us-gaap Treasury Stock Reissued At Lower Than Repurchase Price
TreasuryStockReissuedAtLowerThanRepurchasePrice
21
CY2024Q2 us-gaap Defined Benefit Plan Benefit Obligation Payment For Settlement
DefinedBenefitPlanBenefitObligationPaymentForSettlement
20800000
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3500000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7000000
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2900000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5500000
mtus Future Allocated Share Based Compensation Expense
FutureAllocatedShareBasedCompensationExpense
25900000
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
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us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
2300000
mtus Other Comprehensive Income Loss Deferrals Before Tax
OtherComprehensiveIncomeLossDeferralsBeforeTax
0
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
-2800000
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
200000
us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
2400000
mtus Other Comprehensive Income Loss Deferrals Before Tax
OtherComprehensiveIncomeLossDeferralsBeforeTax
1200000
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-200000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1200000
CY2024Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1100000
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1100000

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