Metallus (MTUS) FY2017 results: revenue $1.3 billion, up 52.9% on the year
Metallus Inc. (MTUS) reported revenue of $1.3 billion for fiscal 2017, the year ended 31 December 2017, up 52.9% on the year before. Net income was -$31 million, and diluted earnings per share $-0.70. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$1.3 billion
+52.9% on the year
FY2012FY2017
Operating margin
-1.8%
-7.2% a year earlier
FY2012FY2017
Net income
-$31 million
FY2012FY2017
Diluted EPS
-$0.70
FY2012FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,329
870
1,106
+52.9%
Cost of revenue
1,249
842
1,092
+48.4%
Gross profit
80.3
27.9
14.7
+187.8%
Gross margin
6.0%
3.2%
1.3%
Research and development
8.0
8.0
8.6
0.0%
Selling, general and administrative
90.5
90.2
108
+0.3%
Operating income
-23.4
-62.6
-99.4
Operating margin
-1.8%
-7.2%
-9.0%
Interest expense
14.8
11.4
3.4
+29.8%
Pre-tax income
-29.8
-142
-115
Income tax
1.5
-36.5
-26.7
Net income
-31.3
-106
-45.0
Net margin
-2.4%
-12.1%
-4.1%
Diluted EPS
-$0.70
-$2.39
-$1.01
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
8.1
74.4
107
-89.1%
Capital expenditure
33.0
42.7
78.2
-22.7%
Free cash flow
-24.9
31.7
28.9
Free cash flow margin
-1.9%
3.6%
2.6%
Cash from investing
-33.0
-42.7
-77.8
Cash from financing
23.8
-48.5
-21.4
Depreciation and amortisation
74.9
74.9
73.4
0.0%
Share-based compensation
6.5
6.7
7.0
-3.0%
Buybacks
0.0
0.0
15.2
Dividends paid
0.0
0.0
18.7
Dividend per share
$0.00
$0.00
$0.42
Diluted shares, weighted
44m
44m
44m
+0.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
617
597
n/a
+3.2%
Non-controlling interest
n/a
n/a
682
Debt
165
137
200
+21.0%
Other liabilities
375
336
260
+11.5%
Total liabilities and equity
1,157
1,070
1,142
+8.1%
Fixed assets
707
742
769
-4.7%
Intangible assets
19.9
25.0
30.6
-20.4%
Cash and equivalents
24.5
25.6
42.4
-4.3%
Receivables
150
91.6
80.9
+63.5%
Inventory
224
164
174
+36.4%
Other assets
31.7
21.6
44.7
+46.8%
Total assets
1,157
1,070
1,142
+8.1%
10-K for the year ended 31 December 2017, filed 20 February 2019: the filing.