$MTUS
Metallus Inc.

2018 Q2 Form 10-Q Financial Statement

#000159842818000077 Filed on July 26, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $413.5M $339.3M
YoY Change 21.87% 52.08%
Cost Of Revenue $381.4M $315.5M
YoY Change 20.89% 49.67%
Gross Profit $38.50M $23.80M
YoY Change 61.76% 93.5%
Gross Profit Margin 9.31% 7.01%
Selling, General & Admin $24.90M $22.30M
YoY Change 11.66% -2.62%
% of Gross Profit 64.68% 93.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.00M $18.90M
YoY Change -10.05% 2.16%
% of Gross Profit 44.16% 79.41%
Operating Expenses $24.90M $22.30M
YoY Change 11.66% -2.62%
Operating Profit $6.300M $1.500M
YoY Change 320.0% -113.76%
Interest Expense $3.900M $3.700M
YoY Change 5.41% 76.19%
% of Operating Profit 61.9% 246.67%
Other Income/Expense, Net $6.200M $4.300M
YoY Change 44.19% 65.38%
Pretax Income $8.600M $2.100M
YoY Change 309.52% -120.19%
Income Tax $200.0K $800.0K
% Of Pretax Income 2.33% 38.1%
Net Earnings $14.80M $1.300M
YoY Change 1038.46% -119.7%
Net Earnings / Revenue 3.58% 0.38%
Basic Earnings Per Share $0.33 $0.03
Diluted Earnings Per Share $0.33 $0.03
COMMON SHARES
Basic Shares Outstanding 44.60M shares 44.40M shares
Diluted Shares Outstanding 45.20M shares 44.80M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.00M $36.20M
YoY Change 7.73% -2.69%
Cash & Equivalents $39.00M $36.20M
Short-Term Investments
Other Short-Term Assets $10.90M $6.200M
YoY Change 75.81% -10.14%
Inventory $294.5M $199.3M
Prepaid Expenses
Receivables $173.6M $153.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $520.3M $397.0M
YoY Change 31.06% 32.07%
LONG-TERM ASSETS
Property, Plant & Equipment $679.8M $713.7M
YoY Change -4.75% -4.84%
Goodwill
YoY Change
Intangibles $17.50M $22.20M
YoY Change -21.17% -18.68%
Long-Term Investments
YoY Change
Other Assets $5.000M $6.200M
YoY Change -19.35% 14.81%
Total Long-Term Assets $39.90M $37.70M
YoY Change 5.84% -33.63%
TOTAL ASSETS
Total Short-Term Assets $520.3M $397.0M
Total Long-Term Assets $39.90M $37.70M
Total Assets $1.240B $1.148B
YoY Change 7.98% 3.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $177.8M $130.8M
YoY Change 35.93% 80.17%
Accrued Expenses $40.90M $28.10M
YoY Change 45.55% 42.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $237.5M $176.8M
YoY Change 34.33% 60.0%
LONG-TERM LIABILITIES
Long-Term Debt $222.0M $168.4M
YoY Change 31.83% 15.9%
Other Long-Term Liabilities $11.80M $12.70M
YoY Change -7.09% 2.42%
Total Long-Term Liabilities $431.5M $374.7M
YoY Change 15.16% 19.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $237.5M $176.8M
Total Long-Term Liabilities $431.5M $374.7M
Total Liabilities $669.0M $551.5M
YoY Change 21.31% 30.22%
SHAREHOLDERS EQUITY
Retained Earnings -$231.0M -$198.2M
YoY Change 16.55% 131.0%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $33.00M $38.20M
YoY Change -13.61% -15.3%
Treasury Stock Shares 1.100M shares 1.300M shares
Shareholders Equity $571.0M $596.9M
YoY Change
Total Liabilities & Shareholders Equity $1.240B $1.148B
YoY Change 7.98% 3.7%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $14.80M $1.300M
YoY Change 1038.46% -119.7%
Depreciation, Depletion And Amortization $17.00M $18.90M
YoY Change -10.05% 2.16%
Cash From Operating Activities -$10.70M $14.70M
YoY Change -172.79% -47.31%
INVESTING ACTIVITIES
Capital Expenditures -$6.800M -$4.100M
YoY Change 65.85% -38.81%
Acquisitions
YoY Change
Other Investing Activities $1.000M
YoY Change
Cash From Investing Activities -$5.800M -$4.100M
YoY Change 41.46% -38.81%
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 5.000M
YoY Change 302.0% -123.26%
NET CHANGE
Cash From Operating Activities -10.70M 14.70M
Cash From Investing Activities -5.800M -4.100M
Cash From Financing Activities 20.10M 5.000M
Net Change In Cash 3.600M 15.60M
YoY Change -76.92% -5300.0%
FREE CASH FLOW
Cash From Operating Activities -$10.70M $14.70M
Capital Expenditures -$6.800M -$4.100M
Free Cash Flow -$3.900M $18.80M
YoY Change -120.74% -45.66%

Facts In Submission

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CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1200000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-400000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
600000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1100000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-100000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-300000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-200000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-300000 USD
CY2017 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
500000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0 USD
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36300000 USD
CY2018Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
40300000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
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12700000 USD
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11800000 USD
CY2017Q4 us-gaap Other Long Term Debt
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95200000 USD
CY2018Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
150000000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4300000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8800000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6200000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
12600000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
6800000 USD
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PaymentsForCapitalImprovements
9000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1200000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
700000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
2700000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
12900000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
1600000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
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CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
11500000 USD
CY2018Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
11500000 USD
CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
210800000 USD
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PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
197700000 USD
CY2018Q2 us-gaap Percentage Of Lifo Inventory
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0.65
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
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3900000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2300000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
200000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
200000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1851800000 USD
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1853300000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
706700000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
679800000 USD
CY2017 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
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-800000 USD
us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
-300000 USD
us-gaap Repayments Of Pollution Control Bond
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0 USD
us-gaap Repayments Of Pollution Control Bond
RepaymentsOfPollutionControlBond
30200000 USD
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RestructuringCosts
0 USD
CY2018Q2 us-gaap Restructuring Costs
RestructuringCosts
900000 USD
us-gaap Restructuring Costs
RestructuringCosts
900000 USD
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CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
339300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
648700000 USD
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RevenueFromContractWithCustomerExcludingAssessedTax
413500000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
794300000 USD
CY2017Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
339300000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
648700000 USD
CY2018Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
413500000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
794300000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
22300000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
45200000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
24900000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
49600000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3400000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3700000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
200000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
0 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
560700000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
571000000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1300000 shares
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1100000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
37400000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
33000000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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44800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44300000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45200000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44300000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44500000 shares

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