Metallus Inc. reported its first-quarter 2025 financial results, revealing net sales of $280.5 million, marking a 17% increase compared to the fourth quarter of 2024, which recorded $240.5 million in net sales. However, when compared to the first quarter of 2024, net sales decreased by 13%, primarily due to an unfavorable product mix, lower average base sales prices, and reduced raw material surcharge revenue per ton. The company achieved a net income of $1.3 million for the first quarter of 2025, alongside an adjusted EBITDA of $17.7 million. Metallus invested $27.5 million in capital expenditures and utilized $5.6 million to repurchase common shares. The cash and cash equivalents balance stood at $180.3 million, with total liquidity of $432.0 million as of March 31, 2025. The company also plans to settle outstanding convertible notes in cash during the second quarter of 2025.
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