Metallus announces second-quarter 2024 results

Net sales of $294.7 million with net income of $4.6 million and adjusted ebitda(1) of $19.9 million operating cash flow of $8.3 million with ending cash and cash equivalents of $272.8 million invested $14.1 million in capital expenditures and deployed $9.6 million to repurchase common shares received initial payment from the u.s. government to fund additional capacity to support the army's mission of ramping up munition production canton, ohio , aug. 8, 2024 /prnewswire/ -- metallus (nyse: mtus), a leader in high-quality specialty metals, manufactured components and supply chain solutions, today reported second-quarter 2024 net sales of $294.7 million and net income of $4.6 million, or $0.10 per diluted share. on an adjusted basis(1), the second-quarter 2024 net income was $6.7 million, or $0.15 per diluted share, and adjusted ebitda was $19.9 million.
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