Metallus Reports $23.8M Profit in Q3
Metallus reported a third-quarter profit of $23.8 million, more than doubling its net income from the previous quarter. Outgoing CEO Mike Williams highlighted growth in defense sectors before his upcoming retirement.
Insights:
Metallus reported a third-quarter profit of $23.8 million, or $0.55 per share, during CEO Mike Williams' final earnings presentation on November afternoon. Net income more than doubled sequentially from $8.9 million and rose from $8.1 million year-over-year. The Canton-based steel manufacturer also highlighted a new defense contract supporting the United States Army munitions.
