Metallus (MTUS) FY2019 results: revenue $1.2 billion, down 24.9% on the year
Metallus Inc. (MTUS) reported revenue of $1.2 billion for fiscal 2019, the year ended 31 December 2019, down 24.9% on the year before. Net income was -$110 million, and diluted earnings per share $-2.46. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2020.
Revenue
$1.2 billion
-24.9% on the year
FY2012FY2019
Operating margin
n/a
0.4% a year earlier
FY2012FY2019
Net income
-$110 million
FY2012FY2019
Diluted EPS
-$2.46
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,209
1,611
1,329
-24.9%
Cost of revenue
1,186
1,484
1,249
-20.1%
Gross profit
22.6
127
80.3
-82.1%
Gross margin
1.9%
7.9%
6.0%
Research and development
4.1
8.1
8.0
-49.4%
Selling, general and administrative
91.8
98.2
90.5
-6.5%
Operating income
n/a
5.8
-23.4
Operating margin
n/a
0.4%
-1.8%
Interest expense
15.7
17.1
14.8
-8.2%
Pre-tax income
-126
-8.2
-29.8
Income tax
-16.1
1.8
1.5
Net income
-110
-10.0
-31.3
Net margin
-9.1%
-0.6%
-2.4%
Diluted EPS
-$2.46
-$0.22
-$0.70
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
70.3
18.5
8.1
+280.0%
Capital expenditure
38.0
40.0
33.0
-5.0%
Free cash flow
32.3
-21.5
-24.9
Free cash flow margin
2.7%
-1.3%
-1.9%
Cash from investing
-38.0
-39.0
-33.0
Cash from financing
-26.8
17.6
23.8
Depreciation and amortisation
73.5
73.0
74.9
+0.7%
Share-based compensation
7.4
7.3
6.5
+1.4%
Buybacks
n/a
n/a
0.0
Dividends paid
n/a
n/a
0.0
Dividend per share
n/a
n/a
$0.00
Diluted shares, weighted
45m
45m
44m
+0.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
563
613
617
-8.1%
Debt
169
189
165
-10.8%
Operating lease liabilities
8.2
n/a
n/a
Other liabilities
345
473
375
-27.0%
Total liabilities and equity
1,085
1,275
1,157
-14.9%
Fixed assets
626
674
707
-7.1%
Intangible assets
14.3
17.8
19.9
-19.7%
Cash and equivalents
27.1
21.6
24.5
+25.5%
Receivables
77.5
163
150
-52.6%
Inventory
282
374
224
-24.7%
Other assets
58.0
23.6
31.7
+145.8%
Total assets
1,085
1,275
1,157
-14.9%
10-K for the year ended 31 December 2019, filed 25 February 2020: the filing.