What move does the options market price into Metallus's report?

Implied ±13.6%, either direction · provisional.

How often does Metallus move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

MTUSNYSESteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

Metallus Inc. (MTUS) earnings date, market-implied expected move, and options open interest by expiry

19.72

Pre-market16:00 ETdelayed

Open19.99Volume350,909Mkt cap$883.7MP/E103.78EPS0.19

Day19.72 – 21.030%52-wk14.19 – 22.5866%

MTUS

Metallus Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±13.6%implied · straddle

17.0122.37

spot 19.69exp Feb 19ATM strike 20ATM straddle 3.15IV 37%

Nov 3 closeprovisional

Expected move

Inputs

Next report

Feb 18

after close · in 106 days

est.Q4 FY26

Calendar

Next report

Last report

−7.65%

vs ±9.5% implied · ×0.81

shaded = implied · ▲▼ = realized

Nov 2 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+0.65%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

203 managers

Top fund weight

0.02%

MTUS weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Metallus (MTUS) is expected to report on Feb 18 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±9.0%
avg realized: ±7.1%

Feb 27 '25Feb 27 '25confirmed±9.3%▼−8.03%×0.86

May 8 '25May 8 '25confirmed±9.1%▼−11.31%×1.25

Aug 7 '25Aug 7 '25confirmed±8.2%▲+3.25%×0.40

Nov 6 '25Nov 6 '25confirmed±8.7%▼−1.45%×0.17

Feb 19 '26Feb 19 '26confirmed±8.5%▼−16.01%×1.87

Q1 FY26May 4 '26confirmed±9.7%▲+3.54%×0.37

Q2 FY26Aug 3 '26confirmed±9.1%▲+5.43%×0.60

Q3 FY26Nov 2 '26confirmed±9.5%▼−7.65%×0.81

quarterimplied−20%0+20%realized×

Q3 FY26±9.5%▼−7.65%×0.81

Q2 FY26±9.1%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 30 close

1.40OI · 3 expiries · Oct 30 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

8320%Nov 2016d0.471,7570%0.47

80+10%Jan 1572d0.061,4380%0.06

report · Feb 18 · after close · est.

2150%Feb 19107d154+180%

ExpiryPutsCallsP/C

Nov 2016d8320%1,7570%0.47

Jan 1572d80+10%1,4380%0.06

report · Feb 18 · after close · est.

Feb 19107d2150%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±13.6%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

7.06%as filednet margin · revenue −1.11% QoQ · +10.23% YoY

Revenue

$337M−1.11% QoQ

Gross profit

$36M+6.45% QoQ

10.77% margin

Operating income

$12M+18.27% QoQ

3.65% margin

Pre-tax income

$32M+171.43% QoQ

Net income

$24M+167.42% QoQ

7.06% margin

Cost of revenue

$301M−1.96% QoQ

Operating expenses

$24M+1.27% QoQ

SG&A $24M

Other operating $200,000

Tax

$9M+183.33% QoQ

Other income

$20M+1233.33% QoQ

Revenue$337M−1.11%

Gross profit

$36M+6.45%

10.77% margin

Operating income

$12M+18.27%

3.65% margin

Pre-tax income

$32M+171.43%

Net income

$24M+167.42%

7.06% margin

Cost of revenue

$301M−1.96%

Operating expenses

$24M+1.27%

SG&A $24M

Other operating $200,000

Other income$20M+1233.33%

Tax$9M+183.33%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

PCE ×1.36· ±2.6% vs ±1.9% · 19 releases

eventrelease day|move|up · n×base

PCEpersonal income & outlays±2.6%9 of 19×1.36

NFPjobs report±2.4%7 of 10×1.26

PPIproducer prices±2.2%6 of 10×1.15

GDPgross domestic product±2.2%11 of 19×1.12

FOMCrate decision±2.0%11 of 24×1.03

CPROFcorporate profits±1.4%11 of 12×0.75

CPIconsumer prices±1.1%3 of 10×0.56

Bar = avg |move| to ±3% · tick = ±1.9% avg day · ×base = |move| ÷ ±1.9% · min 6 releases

Earnings history

EPS 0.55 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Nov 2 '26 · confirmed	0.55	—
Q2 FY26	Aug 3 '26 · confirmed	0.21	—
Q1 FY26	May 4 '26 · confirmed	0.13	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod