MTUS on NYSE

Metallus Inc.

American steel works based in Canton, incorporated in Ohio, active since 20132

In its 2026 annual report the company says: “We manufacture alloy steel, as well as carbon and micro-alloy steel, using electric arc furnace technology. Our products and solutions are used in a diverse range of demanding applications in the following end-markets: industrial; automotive; aerospace & defense; and energy. We make these products from nearly 100% recycled steel, using our expertise in raw materials to create high-quality specialty metal products.”5 Its shares trade on NYSE under the symbol MTUS.2

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Last updated Oct 21, 2026.

Overview

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  • TickerMTUS on NYSE2
  • IndustrySteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)2
  • HeadquartersCanton, United States2
  • Incorporated inOH3
  • Business address1835 Dueber Avenue Sw, Canton, Oh 44706-09283
  • Filer categoryLarge accelerated filer3
  • Legal formCorporation (For-Profit)2
  • LEI549300QZTZWHDE9HJL142
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CT CORPORATION SYSTEM, 43219 Columbus, United States2
  • Registered withCorporation Database (Ohio Secretary of State), 22404022

Metallus Inc., ("we", "us", "our", the "Company" or "Metallus") was incorporated in Ohio on October 24, 2013, and became an independent, publicly traded company as the result of a spinoff from The Timken Company ("Timken") on June 30, 2014. In the spinoff, Timken transferred to us all of the assets and generally all of the liabilities related to Timken’s steel business.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

8.2%Gross margin6
-0.1%Net margin6
6.9%Revenue growth, 20256
-0.2%Return on equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Special Bar Quality Bars brought in 61% of the revenue Metallus Inc. broke down this way in fiscal 2025.

  1. Special Bar Quality Bars$702.6M661%up 9% from 2024
  2. Manufactured Components$312.2M627%up 10% from 2024
  3. Seamless Mechanical Tubing$126.4M611%down 9% from 2024
  4. Other Products$17.1M61%down 10% from 2024
Products and services by year
Products and services202320242025
Special Bar Quality Bars$917.1M$641.8M$702.6M
Manufactured Components$253.4M$284.1M$312.2M
Seamless Mechanical Tubing$170.1M$139.1M$126.4M
Other Products$21.8M$19.0M$17.1M

Regions

United States brought in 90% of the revenue Metallus Inc. broke down this way in fiscal 2025.

  1. United States$1.0B690%up 9% from 2024
  2. Outside the United States$118.8M610%down 11% from 2024
Regions by year
Regions202320242025
United States$1.2B$951.0M$1.0B
Outside the United States$123.0M$133.0M$118.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue92¢$1.1B
  • Selling, general and admin8¢$94.0M
  • Income tax0¢$3.1M

Out of $1.2B in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks82¢$13.1M
  • Kept or used elsewhere18¢$2.9M

Out of $16.0M of cash from operations.6

Financial statements

Revenue789106$1.2B in 2025−4% since 2019
0$500.0M$1.0B$1.5B2019: $1.2B$1.2B20192020: $830.7M$830.7M2020−31%2021: $1.3B$1.3B2021+54%2022: $1.3B$1.3B2022+4%2023: $1.4B$1.4B2023+2%2024: $1.1B$1.1B2024−20%2025: $1.2B$1.2B2025+7%
Gross profit789106$95.1M in 2025+321% since 2019
0$100.0M$200.0M$300.0M2019: $22.6M$22.6M20192020: $15.6M$15.6M2020−31%2021: $220.0M$220.0M2021+1310%2022: $126.7M$126.7M2022−42%2023: $186.5M$186.5M2023+47%2024: $97.7M$97.7M2024−48%2025: $95.1M$95.1M2025−3%
Net income789106-$1.2M in 2025−99% since 2019
-$200.0M-$100.0M0$100.0M$200.0M2019: -$110.0M-$110.0M20192020: -$61.9M-$61.9M2020−44%2021: $171.0M$171.0M20212022: $65.1M$65.1M2022−62%2023: $69.4M$69.4M2023+7%2024: $1.3M$1.3M2024−98%2025: -$1.2M-$1.2M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Net sales$1.2B$1.1B$1.4B
Cost of products sold$1.1B$986.3M$1.2B
Gross Profit$95.1M$97.7M$186.5M
Selling, general and administrative expenses$94.0M$87.7M$84.6M
Restructuring charges$2.7M$0$0
Loss (gain) on sale or disposal of assets, net-$1.3M$600.0K-$2.5M
Interest (income) expense, net-$4.9M-$9.6M-$7.1M
Loss on extinguishment of debt$3.6M$9.4M$11.4M
Other (income) expense, net-$900.0K$5.0M$3.7M
Income (Loss) Before Income Taxes$1.9M$4.6M$96.4M
Provision (benefit) for income taxes$3.1M$3.3M$27.0M
Net Income (Loss)-$1.2M$1.3M$69.4M
Basic earnings (loss) per share-$0.03$0.03$1.58
Diluted earnings (loss) per share-$0.03$0.03$1.47

Compare Metallus Inc. with another company

Corporate structure

Metallus Inc. sits at the top of its group. 6 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Metallus Inc.

  • State Street Corporation Filed SCHEDULE 13G on Metallus Inc., latest May 12, 2026 (6 filings since Feb 10, 2022)
  • BlackRock Filed SCHEDULE 13G/A on Metallus Inc., latest Apr 24, 2026 (9 filings since Jan 26, 2022)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Metallus Inc., latest Mar 27, 2026 (4 filings since Feb 10, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on Metallus Inc., latest Apr 15, 2025 (4 filings since Feb 8, 2022)
  • Metallus Inc. Canton, Ohio, United States
    • EDC, Inc. Subsidiary · Ohio, United States
    • Metallus Material Services, LLC Subsidiary · Delaware, United States
    • Metallus UK Limited Subsidiary · United Kingdom
    • TimkenSteel de Mexico S. de R.L. de C.V. Subsidiary · Mexico
    • TSB Metal Recycling LLC Subsidiary · Ohio, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Metallus Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$11.1M6 Dec 31, 2025$11.2M6 Dec 31, 2024−0.9%
Buildings and improvements$441.2M6 Dec 31, 2025$436.0M6 Dec 31, 2024+1.2%
Machinery and equipment$1.4B6 Dec 31, 2025$1.4B6 Dec 31, 2024+2.8%
Construction in progress$137.5M6 Dec 31, 2025$92.1M6 Dec 31, 2024+49.3%
Property and equipment, before depreciation$2.0B6 Dec 31, 2025$1.9B6 Dec 31, 2024+4.6%
Accumulated depreciation$1.4B6 Dec 31, 2025$1.4B6 Dec 31, 2024+2.4%
Property and equipment, net$562.5M6 Dec 31, 2025$507.3M6 Dec 31, 2024+10.9%
Finance-lease assets$3.5M6 Dec 31, 2025$06 Dec 31, 2024
Operating-lease assets (leased space)$11.4M6 Dec 31, 2025$11.7M6 Dec 31, 2024−2.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$156.7M6 Dec 31, 2025$240.7M6 Dec 31, 2024−34.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$2.9M6 Dec 31, 2025$3.4M6 Dec 31, 2024−14.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$243.2M6 Dec 31, 2025$219.8M6 Dec 31, 2024+10.6%
Raw materials$21.5M6 Dec 31, 2025$13.6M6 Dec 31, 2024+58.1%
Work in process$128.5M6 Dec 31, 2025$114.5M6 Dec 31, 2024+12.2%
Finished goods$33.2M6 Dec 31, 2025$35.3M6 Dec 31, 2024−5.9%
Supplies$61.3M6 Dec 31, 2025$57.5M6 Dec 31, 2024+6.6%

Properties, in its own words

We are headquartered in Canton, Ohio, on a campus of owned facilities that are adjacent to our steelmaking operations.

We have manufacturing facilities at multiple locations in the United States. These manufacturing facilities are located in Canton and Eaton, Ohio and Columbus, North Carolina. In addition to these owned manufacturing facilities, we lease a distribution facility in Mexico. The aggregate floor area of these facilities is 3.7 million square feet, of which approximately twelve thousand square feet is leased and the rest is owned. The buildings occupied by us are principally made of brick, steel, reinforced concrete and concrete block construction.

The rest of Item 2

Our facilities vary in age and condition, and each of them has an active maintenance program to ensure a safe operating environment and to keep the facilities in good condition. We believe our facilities are in satisfactory operating condition and are suitable and adequate to conduct our business and support future growth.

Our melt capacity utilization was 69%, 60% and 70% for the years ended December 31, 2025, 2024 and 2023, respectively.

Item 2 of the 10-K filed Feb 20, 2026.5

Leadership

Who has led Metallus Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (27)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • EDC, Inc. Ohio4
  • Metallus Material Services, LLC Delaware4
  • Metallus UK Limited England4
  • TSB Metal Recycling LLC Ohio4
  • TimkenSteel de Mexico S. de R.L. de C.V. Mexico4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • TimkenSteel CorpFeb 11, 2014 to Feb 14, 20243

Timeline

  1. Aug 31, 20268-K Executive or director change; Regulation FD disclosure47
  2. Aug 3, 20268-K Results of operations; Regulation FD disclosure48
  3. Jul 1, 20268-K Entered a material agreement; New debt or obligation49
  4. May 4, 20268-K Results of operations; Regulation FD disclosure50
  5. May 1, 20268-K Shareholder vote51
  6. Feb 19, 20268-K Results of operations; Regulation FD disclosure52
  7. Nov 6, 20258-K Results of operations; Regulation FD disclosure53
  8. Aug 7, 20258-K Results of operations; Regulation FD disclosure54
  9. May 20, 20258-K Executive or director change; Regulation FD disclosure55
  10. May 8, 20258-K Results of operations; Regulation FD disclosure56
  11. May 8, 20258-K Shareholder vote57
  12. Feb 27, 20258-K Results of operations; Regulation FD disclosure58
  13. Oct 9, 2019New chief executive Terry L. Dunlap becomes CEO14
  14. Jun 10, 2014New chief executive Ward J. Timken Jr. becomes CEO15
  15. Oct 24, 2013Founded Metallus Inc. is founded2

Calendar

Coming up

  1. Nov 2, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.28 a share, on Nov 6, 2025.59

When it reported results

  1. Aug 3, 2026Reported quarterly or annual results48
  2. May 4, 2026Reported quarterly or annual results50
  3. Feb 19, 2026Reported quarterly or annual results52
  4. Nov 6, 2025Reported quarterly or annual results53
  5. Aug 7, 2025Reported quarterly or annual results54
  6. May 8, 2025Reported quarterly or annual results56
  7. Feb 27, 2025Reported quarterly or annual results58
  8. Nov 7, 2024Reported quarterly or annual results60

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

346 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 39 major events, 198 insider forms, 23 large holders, 66 other. The latest 20:

  1. Oct 5, 2026144 EDGAR
  2. Oct 5, 20264 EDGAR
  3. Oct 5, 20264 EDGAR
  4. Oct 2, 2026144 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 1, 20264 EDGAR
  7. Aug 31, 20268-K EDGAR
  8. Aug 4, 202610-Q EDGAR
  9. Aug 3, 20268-K EDGAR
  10. Jul 1, 20264 EDGAR
  11. Jul 1, 20268-K EDGAR
  12. Jun 17, 20264 EDGAR
  13. May 12, 2026SCHEDULE 13G EDGAR
  14. May 5, 202610-Q EDGAR
  15. May 4, 20268-K EDGAR
  16. May 1, 20268-K EDGAR
  17. Apr 30, 20264 EDGAR
  18. Apr 30, 20264 EDGAR
  19. Apr 30, 20264 EDGAR
  20. Apr 30, 20264 EDGAR

The 346 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

62 open-market trades by officers, directors and large owners since October 2021: 4 buys and 58 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 4, 2026Williams Michael SChief Executive OfficerSale13,713$21.28$291.8KForm 4
Feb 4, 2026WESTBROOKS KRISTOPHER RPresident & COOSale2,128$21.28$45.3KForm 4
Feb 3, 2026Williams Michael SChief Executive OfficerSale19,017$21.03$399.9KForm 4
Feb 3, 2026WESTBROOKS KRISTOPHER RPresident & COOSale2,951$21.03$62.1KForm 4
Jan 15, 2026Williams Michael SChief Executive OfficerSale603$21.00$12.7KForm 4
Jan 15, 2026WESTBROOKS KRISTOPHER RPresident & COOSale93$21.00$2.0KForm 4
Jan 14, 2026WESTBROOKS KRISTOPHER RPresident & COOSale10,932$20.06$219.3KForm 4
Jan 9, 2026Williams Michael SChief Executive OfficerSale4,835$19.11$92.4KForm 4
Jan 8, 2026Williams Michael SChief Executive OfficerSale14,462$19.10$276.2KForm 4
Dec 18, 2025Williams Michael SChief Executive OfficerSale5,609$19.07$107.0KForm 4
Dec 17, 2025Williams Michael SChief Executive OfficerSale8,428$19.04$160.5KForm 4
Jul 23, 2025Yacobozzi Nicholas AChief Accounting OfficerSale21,974$18.00$395.5KForm 4
Jul 23, 2025WESTBROOKS KRISTOPHER RPresident & COOSale4,000$18.00$72.0KForm 4
Jul 23, 2025SYRVALIN KRISTINE CEVP General CounselSale7,500$18.00$135.0KForm 4
Jul 2, 2025SYRVALIN KRISTINE CEVP General CounselSale7,500$16.00$120.0KForm 4
Jul 2, 2025WESTBROOKS KRISTOPHER RPresident & COOSale4,000$16.00$64.0KForm 4
Aug 14, 2024Raketich Kevin AEVP, Chief Commercial OfficerSale1,000$16.66$16.7KForm 4
Jul 16, 2024WESTBROOKS KRISTOPHER RPresident & COOSale16,247$23.03$374.1KForm 4
Jul 16, 2024Raketich Kevin AEVP, Chief Commercial OfficerSale2,000$23.00$46.0KForm 4
Jul 15, 2024Raketich Kevin AEVP, Chief Commercial OfficerSale1,000$21.06$21.1KForm 4

All 62 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Michael S. Williams$902.7K$5.9M65
2025Kristopher R. Westbrooks$576.9K$2.1M65
2025Kristine C. Syrvalin$407.6K$1.5M65
2025Kevin A. Raketich$356.8K$1.4M65
2025John M. Zaranec III$243.8K$1.0M65
2024Chief Executive Officer$866.7K$4.3M65
2024President and Chief$504.4K$1.3M65
2024Executive VicePresident,$386.0K$1.1M65
2023Chief Executive Officer$827.7K$7.0M65
2023Operating Officer$482.1K$2.5M65
2023Chief Commercial Officer$326.4K$2.2M65
2023General Counsel and$356.1K$2.2M65

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,828,871$108.9M0.0%+171,305
Dimensional Fund Advisors LP2,563,222$47.9M0.0%+14,502
State Street Corp2,412,194$45.1M0.0%−387,080
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.2,007,353$37.5M0.0%+163,913
American Century Companies Inc1,674,270$31.3M0.0%+13,333
Vanguard Capital Management LLC1,566,944$29.3M0.0%+7,779
Systematic Financial Management LP1,431,402$26.8M0.5%+69,552
Vanguard Portfolio Management LLC1,066,248$19.9M0.0%−7,898
Royce & Associates LP988,434$18.5M0.1%+36,700
Geode Capital Management, LLC929,925$17.4M0.0%+50,919
Renaissance Technologies LLC905,633$16.9M0.0%−113,913
Ameriprise Financial Inc726,328$13.6M0.0%+76,140
Charles Schwab Investment Management Inc675,374$12.6M0.0%−136,133
Donald Smith & Co., Inc.608,595$11.4M0.2%−463,224
OpenArc Corporate Advisory, LLC566,045$10.6M0.1%+20,354
Two Sigma Investments, LP536,457$10.0M0.0%−14,416
Morgan Stanley513,898$9.6M0.0%+73,782
Invesco Ltd.473,856$8.9M0.0%−18,250
Citadel Advisors LLC462,261$8.6M0.0%+227,940
Goldman Sachs Group Inc430,455$8.0M0.0%+100,169
Azarias Capital Management, L.P.419,507$7.8M3.4%−123,815
Northern Trust Corp407,644$7.6M0.0%+23,385
Emerald Advisers, LLC366,351$6.8M0.2%−9,783
Kennedy Capital Management LLC334,036$6.2M0.1%−5,288
Russell Investments Group, Ltd.325,722$6.1M0.0%−646

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Metallus Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMetallus Inc.1
  • CIK0001598428
  • Employer ID (EIN)46-40249515
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inOhio5
  • Fiscal year endsDecember 311
  • Industry code (SIC)3312 Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address1835 Dueber Avenue Sw, Canton, OH 44706-09281
  • Phone330-471-70001
  • Shares outstanding41,449,284 as of Jul 31, 202612
  • Public float$616.9M as of Jun 30, 20255
  • AuditorErnst & Young LLP, Cleveland, Ohio PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceFeb 11, 20141
  • Filings822 in all: 4 (395), 8-K (109), 144 (44), SC 13G/A (42), 10-Q (37), 3 (33), 11-K (19), SC 13G (14)1
    All 37 form types

    10-K (12), DEF 14A (12), UPLOAD (12), 424B3 (11), CORRESP (10), DEFA14A (8), S-8 (8), SC 13D/A (8), ARS (5), EFFECT (5), SCHEDULE 13G/A (5), 10-12B/A (4), POS AM (4), S-8 POS (3), SC 13D (3), SCHEDULE 13G (3), 4/A (2), 424B5 (2), 8-K/A (2), 10-12B (1), 3/A (1), 5 (1), CERTNYS (1), DEL AM (1), FWP (1), S-1 (1), S-1/A (1), S-3 (1), S-3ASR (1)

  • Latest filingsAnnual report (10-K) Feb 20, 2026
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Mar 12, 2026
    Latest 8-K (8-K) Aug 31, 2026

Securities registered for trading

ClassSymbolExchange
Common sharesMTUSNew York Stock Exchange

From the cover page of the 10-K filed Feb 20, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Metallus Inc. names in Item 1A of its 10-K filed Feb 20, 2026: 29 risks under these headings, as written.5

  • Risks Relating to Our Industry and Our Business
  • Competition in the steel industry, together with potential global overcapacity, could result in significant pricing pressure for our products.
  • Changes in trade policy and tariff regimes (including Section 232 steel/aluminum tariffs and emergency tariff actions) may increase our costs, affect customer demand, disrupt supply chains, or alter competitive dynamics.
  • We are dependent on our key customers.
  • Any change in the operation of our raw material surcharge mechanisms, a raw material market index or the availability or cost of raw materials could materially affect our revenues, earnings, and cash flows.
  • The cost and availability of electricity and natural gas are also subject to volatile market conditions.
  • Unexpected equipment failures or other disruptions of our operations may increase our costs and reduce our sales and earnings due to production curtailments or shutdowns.
  • Our operating results depend in part on continued successful research, development and marketing of products and services.
  • We are subject to extensive environmental, health and safety laws and regulations, which impose substantial costs and limitations on our operations. Future environmental, health and safety compliance may include additional requirements related to sustainability, climate change, and greenhouse gas emissions, and be more costly than we expect.
  • Product liability, warranty and product quality claims could adversely affect our operating results.
  • Work stoppages or similar difficulties could significantly disrupt our operations, reduce our revenues and materially affect our earnings.
  • A significant portion of our manufacturing facilities are located in Stark County, Ohio, which increases the risk of a significant disruption to our business as a result of unforeseeable developments in this geographic area.
The other 18 risks
  • We have significant pension and retiree health care costs, as well as future cash contribution requirements, which may negatively affect our results of operations and cash flows.
  • Our business is capital-intensive, and if there are downturns in the industries we serve, we may be forced to significantly curtail or suspend operations with respect to those industries, which could result in our recording asset impairment charges or taking other measures that may adversely affect our results of operations and profitability.
  • We may incur restructuring and impairment charges that could materially affect our profitability.
  • We may not be able to execute successfully on our strategic imperatives or achieve the intended results.
  • Disparate expectations relating to sustainability matters and reporting could expose us to increased costs, reputational harm and other negative impacts on our business.
  • We may not be able to complete or successfully integrate future acquisitions into our business, which could adversely affect our business and results of operations
  • Risks Related to Our Debt
  • Deterioration in our asset borrowing base could adversely affect our financial health and restrict our ability to borrow necessary cash to support the needs of our business and fulfill our pension obligations.
  • Restrictive covenants in the agreements governing our indebtedness may restrict our ability to operate our business, which may affect the market price of our common shares.
  • Our capital resources may not be adequate to provide for all of our cash requirements, and we are exposed to risks associated with financial, credit, capital and banking markets.
  • Risks Related to Our Common Shares
  • The price of our common shares may fluctuate significantly.
  • We may issue preferred shares with terms that could dilute the voting power or reduce the value of our common shares.
  • Provisions in our corporate documents and Ohio law could have the effect of delaying, deferring or preventing a change in control of us, even if that change may be considered beneficial by some of our shareholders, which could reduce the market price of our common shares.
  • General Risk Factors
  • Weakness in global economic conditions or in any of the industries or geographic regions in which we or our customers operate, as well as the cyclical nature of our customers’ businesses generally or sustained uncertainty in financial markets, could adversely impact our revenues and profitability by reducing demand and margins.
  • We may be subject to risks relating to our information technology systems and cybersecurity.
  • If we are unable to attract and retain key personnel, our business could be materially adversely affected.
  • We are subject to a wide variety of domestic and foreign laws and regulations that could adversely affect our results of operations, cash flow or financial condition.
  • Pandemics, epidemics, widespread illness or other health issues could adversely affect the Company's operations and financial results, including cash flows and liquidity.
  • If our internal controls are found to be ineffective, our financial results or our stock price may be adversely affected.

Legal proceedings

We are involved in various claims and legal actions arising in the ordinary course of business. In the opinion of our management, the ultimate disposition of these matters will not have a material adverse effect on our consolidated financial position, results of operations or cash flows.

Information about our Executive Officers

The executive officers of our Company as of February 20, 2026, are as follows:

Michael S. Williams is the Chief Executive Officer, a position he has held since January 2021. Previously, Mr. Williams served as CEO of Bayou Steel Group, a U.S. producer of structural steel and merchant bar, from May 2019 to September 2019, and as President of Outokumpu Americas for Outokumpu Oyj, a global leader in the stainless steel industry, from 2015 to 2019. Before that, Mr. Williams held a number of leadership roles at US Steel Corporation, a Fortune 500 company and leading integrated steel producer, from 2006 to 2015, including Senior Vice President, North American Flat Rolled and, most recently, Senior Vice President, Strategic Planning and Business Development. Earlier in his career, Mr. Williams served as Vice President of Commercial Products at Special Metals Corporation (a leader in the invention, production and supply of high-nickel alloys) and, prior to that, as Chairman and Chief Executive Officer of Ormet Corporation (a manufacturer of foil, sheet, billet and other aluminum products). Mr. Williams earned his bachelor of science degree in information science from the University of Pittsburgh.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

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