Metallus announces first-quarter 2024 results

Net sales of $321.6 million with net income of $24.0 million and adjusted ebitda(1) of $43.4 million operating cash flow of $33.4 million with ending cash and cash equivalents of $278.1 million invested $17.4 million in capital expenditures and deployed $4.4 million to repurchase common shares on may 6, 2024, the company's board of directors authorized an additional $100 million common share repurchase program canton, ohio , may 9, 2024 /prnewswire/ -- metallus (nyse: mtus), a leader in high-quality specialty metals, manufactured components and supply chain solutions, today reported first-quarter 2024 net sales of $321.6 million and net income of $24.0 million, or $0.52 per diluted share. on an adjusted basis(1), the first-quarter 2024 net income was $26.1 million, or $0.56 per diluted share, and adjusted ebitda was $43.4 million.
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