Metallus (MTUS) FY2020 results: revenue $831 million, down 31.3% on the year
Metallus Inc. (MTUS) reported revenue of $831 million for fiscal 2020, the year ended 31 December 2020, down 31.3% on the year before. Net income was -$62 million, and diluted earnings per share $-1.38. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$831 million
-31.3% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
-$62 million
FY2013FY2020
Diluted EPS
-$1.38
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
831
1,209
1,611
-31.3%
Cost of revenue
815
1,186
1,484
-31.3%
Gross profit
15.6
22.6
127
-31.0%
Gross margin
1.9%
1.9%
7.9%
Research and development
1.8
4.1
8.1
-56.1%
Selling, general and administrative
76.7
91.8
98.2
-16.4%
Operating income
n/a
n/a
5.8
Operating margin
n/a
n/a
0.4%
Interest expense
12.6
15.7
17.1
-19.7%
Pre-tax income
-60.7
-126
-8.2
Income tax
1.2
-16.1
1.8
Net income
-61.9
-110
-10.0
Net margin
-7.5%
-9.1%
-0.6%
Diluted EPS
-$1.38
-$2.46
-$0.22
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
174
70.3
18.5
+146.8%
Capital expenditure
16.9
38.0
40.0
-55.5%
Free cash flow
157
32.3
-21.5
+384.8%
Free cash flow margin
18.9%
2.7%
-1.3%
Cash from investing
-6.0
-38.0
-39.0
Cash from financing
-91.8
-26.8
17.6
Depreciation and amortisation
70.0
73.5
73.0
-4.8%
Share-based compensation
6.6
7.4
7.3
-10.8%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
45m
45m
45m
+0.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
508
563
613
-9.9%
Debt
78.2
169
189
-53.6%
Operating lease liabilities
13.5
8.2
n/a
+64.6%
Other liabilities
395
345
473
+14.3%
Total liabilities and equity
994
1,085
1,275
-8.4%
Fixed assets
570
626
674
-9.0%
Intangible assets
9.3
14.3
17.8
-35.0%
Cash and equivalents
103
27.1
21.6
+279.3%
Receivables
63.3
77.5
163
-18.3%
Inventory
178
282
374
-36.7%
Other assets
70.4
58.0
23.6
+21.4%
Total assets
994
1,085
1,275
-8.4%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.