Metallus (MTUS) FY2018 results: revenue $1.6 billion, up 21.2% on the year
Metallus Inc. (MTUS) reported revenue of $1.6 billion for fiscal 2018, the year ended 31 December 2018, up 21.2% on the year before. Net income was -$10 million, and diluted earnings per share $-0.22. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$1.6 billion
+21.2% on the year
FY2012FY2018
Operating margin
0.4%
-1.8% a year earlier
FY2012FY2018
Net income
-$10 million
FY2012FY2018
Diluted EPS
-$0.22
FY2012FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,611
1,329
870
+21.2%
Cost of revenue
1,484
1,249
842
+18.8%
Gross profit
127
80.3
27.9
+57.7%
Gross margin
7.9%
6.0%
3.2%
Research and development
8.1
8.0
8.0
+1.2%
Selling, general and administrative
98.2
90.5
90.2
+8.5%
Operating income
5.8
-23.4
-62.6
Operating margin
0.4%
-1.8%
-7.2%
Interest expense
17.1
14.8
11.4
+15.5%
Pre-tax income
-8.2
-29.8
-142
Income tax
1.8
1.5
-36.5
+20.0%
Net income
-10.0
-31.3
-106
Net margin
-0.6%
-2.4%
-12.1%
Diluted EPS
-$0.22
-$0.70
-$2.39
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
18.5
8.1
74.4
+128.4%
Capital expenditure
40.0
33.0
42.7
+21.2%
Free cash flow
-21.5
-24.9
31.7
Free cash flow margin
-1.3%
-1.9%
3.6%
Cash from investing
-39.0
-33.0
-42.7
Cash from financing
17.6
23.8
-48.5
-26.1%
Depreciation and amortisation
73.0
74.9
74.9
-2.5%
Share-based compensation
7.3
6.5
6.7
+12.3%
Buybacks
n/a
0.0
0.0
Dividends paid
n/a
0.0
0.0
Dividend per share
n/a
$0.00
$0.00
Diluted shares, weighted
45m
44m
44m
+0.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
613
617
597
-0.6%
Debt
189
165
137
+14.4%
Other liabilities
473
375
336
+26.3%
Total liabilities and equity
1,275
1,157
1,070
+10.3%
Fixed assets
674
707
742
-4.6%
Intangible assets
17.8
19.9
25.0
-10.6%
Cash and equivalents
21.6
24.5
25.6
-11.8%
Receivables
163
150
91.6
+9.1%
Inventory
374
224
164
+67.2%
Other assets
23.6
31.7
21.6
-25.6%
Total assets
1,275
1,157
1,070
+10.3%
10-K for the year ended 31 December 2018, filed 20 February 2019: the filing.