Metallus reports Q3 2026 results and secures $125 million DLA contract
Metallus announced third‑quarter 2026 net sales of $337.2 million, a 10% year‑over‑year increase, and GAAP net income of $23.8 million. Adjusted EBITDA rose 19% to $34.5 million. The company received an initial $125 million purchase order from the U.S. Defense Logistics Agency, part of a contract that can reach up to $995 million over five years, and confirmed a CEO transition to Kristopher Westbrooks at year‑end.
Why it matters
The firm expects fourth‑quarter adjusted EBITDA to be lower than the quarter just reported, which could temper short‑term earnings momentum (the company said full‑year adjusted EBITDA will be $100‑$105 million). The large defense contract expands Metallus’ order backlog and may support longer‑term revenue growth.
Key facts
- 1Net sales were $337.2 million, up 10% year over year. prnewswire.com
- 2GAAP net income was $23.8 million, or $0.55 per diluted share. prnewswire.com
- 3Adjusted EBITDA was $34.5 million, a 19% increase sequentially and year over year. prnewswire.com
- 4Capital expenditures totaled $13.1 million and $3.6 million was spent repurchasing common shares. prnewswire.com
- 5Cash and cash equivalents were $98.6 million; total liquidity was $388.7 million as of September 30, 2026. prnewswire.com
- 6Metallus received an initial $125 million purchase order from the U.S. Defense Logistics Agency, with the overall contract value up to $995 million over five years. prnewswire.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.