Asia FX rises; US-Japan trade deal boosts yen, won to 2-week highs
CANTON, Ohio - Metallus Inc. (NYSE: MTUS), a prominent specialty metals manufacturer currently trading at $13.05 per share with a market capitalization of $548 million, has announced changes to its executive team, with Kristopher R. Westbrooks stepping into the role of president and chief operating officer, while John M. Zaranec III takes on the position of executive vice president and chief financial officer, starting June 16, 2025. According to InvestingPro analysis, the company appears slightly undervalued based on its Fair Value estimates.
Westbrooks, who has been with Metallus as CFO since September 2018, will now oversee the company’s safety protocols, manufacturing operations, and supply chain organizations. His tenure at Metallus has been marked by significant contributions to the company’s growth and operational strategy. InvestingPro data shows the company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 2.03, indicating solid liquidity management under his leadership. Prior to Metallus, Westbrooks held a VP position at A. Schulman, Inc. Mike Williams, CEO of Metallus, praised Westbrooks’ role in the company’s development and his impact on their financial strategy.
Zaranec joins Metallus with over two decades of financial experience in the manufacturing and industrial sectors. His recent tenure as division CFO at Materion Corporation and previous roles, including leadership at The Timken Company, have equipped him with a robust background in finance strategy and investor relations. Williams expressed confidence in Zaranec’s ability to contribute to Metallus’ success and shareholder value.
Metallus specializes in high-performance specialty metals, producing alloy steel bars, seamless mechanical tubing, and components, primarily from recycled scrap metal. The company, which has been in operation for over a century, targets industrial, automotive, aerospace & defense, and energy markets. With approximately 1,880 employees, Metallus reported sales of $1.1 billion in 2024.
The news release also contained forward-looking statements regarding the company’s future, highlighting potential factors that could impact Metallus’ operations and financial performance. These statements are standard in press releases to inform investors about possible future scenarios while acknowledging the unpredictability of such forecasts.
This executive reshuffle at Metallus underscores the company’s commitment to leadership that can navigate economic challenges and drive growth. Analysts are optimistic about the company’s prospects, with net income expected to grow this year and a consensus target price of $20 per share. For deeper insights into Metallus’s financial health and growth potential, investors can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports. The information is based on a press release statement issued by Metallus Inc.
In other recent news, Metallus Inc reported its financial results for the first quarter of 2025, revealing a mixed performance. The company posted earnings per share (EPS) of $0.07, missing the expected $0.10, while its revenue of $280.5 million surpassed the forecasted $259.6 million. Despite the revenue beat, the company experienced an EPS shortfall, indicating challenges in maintaining profitability. The report highlighted a 17% sequential increase in net sales, driven by higher industrial, automotive, and energy shipments. Metallus Inc also saw a significant rise in adjusted EBITDA, which increased by $9.4 million sequentially to $17.7 million.
Analysts from KeyBanc Capital Markets noted the strong demand in the energy sector, while Stonegate analysts inquired about customer manufacturing challenges in aerospace and defense. Metallus Inc’s CEO, Mike Williams, emphasized the company’s strategic positioning and confidence in future success, citing strong domestic sourcing trends and market share gains. The company anticipates an increase in adjusted EBITDA for the second quarter of 2025, with modest sequential shipment growth expected. Additionally, Metallus Inc has implemented spot price increases for its products, reflecting its proactive market strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.