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12.12.14 TimkenSteel Renews Agreement With Daido Steel
TimkeenSteel Corp. has signed a three-year renewal of a commercial agreement with Daido Steel Co. Ltd. to serve customers in Asia. The agreement enables Daido, a leading steelmaker based in Japan, to melt steel according to TimkenSteel specifications for a growing base of high-performance industrial, bearings and energy applications in that region.

Tadashi Shimao, president and CEO of Daido Steel, and Tim Timken, chairman, president and CEO of TimkenSteel, signed the agreement Thursday at TimkenSteel's corporate offices in Canton.

Under the agreement, Daido will manufacture high-performance steel as specified by TimkenSteel. Those finished products will carry the TimkenSteel brand, and will be marketed, sold and distributed by TimkenSteel's sales force and its authorized distributors in Asia. TimkenSteel has collaborated with Daido Steel since 2006. Tadashi Shimao, president and CEO of Daido Steel, and Tim Timken, chairman, president and CEO of TimkenSteel...
12.10.14 TimkenSteel Awards First Class of Scholars $245,000
The TimkenSteel Charitable Fund today awarded the first class of TimkenSteel scholars with $245,000 in scholarship funds. The eight high school seniors, all children of TimkenSteel Corporation employees, will use the funds for the academic pursuit of their choice at any accredited university. They participated in a competitive application process which was open to employees' children around the world and based upon academic and extracurricular achievement. " TimkenSteel employees are among the best in the business. They take on tough engineering challenges for customers and make steel for the most demanding applications. We take pride in contributing to their children's future as they realize their own educational and career potential," said Elaine Russell Reolfi , vice president of communications and community relations.  " The TimkenSteel Charitable Fund focuses on making a long-term impact in our local communities by investing for the future. Education is an important part of...
11.12.14 TimkenSteel Declares Quarterly Dividend of 14 Cents Per Share
The board of directors of TimkenSteel (NYSE: TMST, timkensteel.com ), a leader in customized alloy steel products and services, today declared a quarterly cash dividend of 14 cents per share. The dividend is payable on Dec. 5, 2014 , to shareholders of record as of Nov. 24, 2014 . TimkenSteel recently reported third-quarter net income of $25.7 million on net sales of $434.2 million. Net income increased 50.3 percent, and net sales increased 23.9 percent compared with the same period in the prior year. About TimkenSteel Corporation TimkenSteel (NYSE:TMST, timkensteel.com ) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North America in large alloy steel bars (6"+) and seamless mechanical tubing made of its special bar quality steel, as well as supply chain and steel services. Operating from six countries,...
11.10.14 TimkenSteel to Present at Goldman Sachs Global Metals and Mining Conference
TimkenSteel (NYSE: TMST, timkensteel.com ) will present at the 2014 Goldman Sachs Global Metals and Mining Conference on Nov. 20, 2014 , at 2:30 p.m. EST in New York City . Ward J. "Tim" Timken, Jr., chairman, CEO and president, and Christopher J. Holding, executive vice president and chief financial officer, will address the conference. A live webcast of the presentation and slides will be available at investors.timkensteel.com. A recorded replay of the webcast will be retained via the same link until Dec. 4, 2014 . About TimkenSteel Corporation TimkenSteel (NYSE:TMST, timkensteel.com ) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North America in large alloy steel bars (6"+) and seamless mechanical tubing made of its special bar quality steel, as well as supply chain and steel services. Operating from six...
10.30.14 TimkenSteel Corporation Delivers Third-Quarter Earnings Increase of 51 Percent Over Prior Year
- Earnings per share were $0.56, a 51.4 percent increase over the prior-year quarter. - Net sales increased $83.7 million or 23.9 percent year over year, driven by demand in the energy and industrial market sectors. - Company anticipates full-year 2014 sales growth of 20-22 percent over 2013. - First heat of steel cast on new jumbo bloom vertical caster. - $40 million investment in advanced quench-and-temper heat-treat facility announced. TimkenSteel (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today reported third-quarter net income of $25.7 million on net sales of $434.2 million . Net income increased 50.3 percent, and net sales increased 23.9 percent compared with the same period in the prior year. Earnings per share (EPS) of $0.56 are 107 percent higher than adjusted EPS (1) of $0.27 for the third quarter of 2013. "Our team's focus on executing the company's strategy delivered solid performance in this initial quarter as an independent...
10.08.14 TimkenSteel Selects Northeast Ohio Site to Build $40 Million Facility
  TimkenSteel (NYSE: TMST, timkensteel.com ), a leader in customized alloy steel products and services, today announced the decision to locate an advanced quench-and-temper facility in Northeast Ohio to produce more value-added steel for demanding applications. "Our investment in additional value-added operations feeds growing sales of our most sophisticated product lines, which meet the needs of demanding applications in energy and other markets," said Shawn J. Seanor , executive vice president of Energy and Distribution. "Our decision to locate the new operation near our Canton facilities offers us operational benefits and comes after strong state and local support." The $40 million facility, which will be fully operational within two years, will perform heat-treat operations and have capacity for 50,000 process-tons annually of 4-inch to 13-inch bars and tubes. It will be located in Perry Township on the site of TimkenSteel's Gambrinus Steel Plant near three existing thermal...
10.03.14 TimkenSteel to Announce Third-Quarter 2014 Financial Results on Oct. 30
TimkenSteel Corp. (NYSE: TMST, timkensteel.com ) will release its 2014 third-quarter financial results on Thursday, Oct. 30, 2014 , after the market closes on the New York Stock Exchange . The company will host a conference call at 9 a.m. EDT on Friday, Oct. 31, 2014, to discuss its financial performance with investors and securities analysts. The financial results and conference call materials will be available online at investors.timkensteel.com. Conference Call Friday, Oct. 31, 2014 9 a.m. EDT Toll-free dial-in: 877-201-0168 International dial-in: 647-788-4901 Conference ID: 15437926 Conference Call Replay Replay dial-in available through Nov. 14, 2014 855-859-2056 or 404-537-3406 Replay passcode: 15437926 Live Webcast investors.timkensteel.com About TimkenSteel Corporation TimkenSteel (NYSE: TMST, timkensteel.com) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company...
09.25.14 TimkenSteel Strengthens International Presence
  TimkenSteel Corporation (NYSE: TMST, timkensteel.com ), a leader in customized alloy steel products and services, has increased its capabilities in five countries across Asia , Europe and Latin America to support customers' technical, commercial and supply chain activities. All of TimkenSteel's products sold around the world are made to order, requiring a high level of technical services from engineers in TimkenSteel offices in the following locations: Leicestershire, UK Mexico City Monterrey, Mexico Shanghai Singapore Sosnowiec, Poland TimkenSteel also has warehouses in Mexico City , Monterrey and Shanghai , providing a full range of bar, seamless mechanical tubing, and value-added components and related services. "TimkenSteel solves customers' toughest challenges, and our growing global presence builds upon the support we provide around the world," said James M. Gresh , executive vice president, strategy and international. "Technical and supply chain expertise is now closer...
09.16.14 TimkenSteel Corporation to Host Investor Conference
TimkenSteel Corporation (NYSE: TMST, timkensteel.com ) will host an investor conference on Tuesday, Sept. 23, 2014 , at its corporate campus in Canton . The event will begin at 8 a.m. EDT. TimkenSteel leaders will offer a look at the company's operations and investment highlights, including facility tours and question-and-answer sessions. Presentations from the session will be available for viewing online at investors.timkensteel.com. About TimkenSteel Corporation TimkenSteel (NYSE: TMST, timkensteel.com) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North America in large alloy steel bars (6"+) and seamless mechanical tubing made of its special bar quality steel, as well as supply chain and steel services. Operating from six countries, TimkenSteel posted sales of $1.4 billion in 2013. Photo -...
09.08.14 TimkenSteel to Present at KeyBanc Capital Markets Basic Materials & Packaging Conference
  TimkenSteel Corporation (NYSE: TMST, timkensteel.com ) will present at the KeyBanc Capital Markets Basic Materials & Packaging Conference on Sept. 10, 2014 , at 2 p.m. EDT in Boston . Ward J. "Tim" Timken, Jr., chairman, CEO and president, and Christopher J. Holding , executive vice president and chief financial officer, will address the conference. A live webcast of the presentation and supplemental materials will be available for download at investors.timkensteel.com . A recorded replay of the webcast will be retained via the same link until Sept. 24, 2014 . About TimkenSteel Corporation TimkenSteel (NYSE: TMST, timkensteel.com ) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North America in large alloy steel bars (6"+) and seamless mechanical tubing made of its special bar quality steel, as well...
08.11.14 TimkenSteel to Increase Prices on Special Bar Quality, Quench and Temper Bar Products
  TimkenSteel Corporation (NYSE: TMST, timkensteel.com ), a leader in customized alloy steel products and services, today announced it will increase base prices on special bar quality (SBQ) products by $40 per ton and on quench and temper bar products above 9.0" by $60 per ton. These price increases are effective with shipments beginning on Sept. 1, 2014 , and apply only to non-contract pricing. Raw material surcharges remain in effect. About TimkenSteel Corporation TimkenSteel (NYSE: TMST, timkensteel.com ) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North America in large alloy steel bars (6"+) and seamless mechanical tubing made of its special bar quality steel, as well as supply chain and steel services. Operating from six countries, TimkenSteel posted sales of $1.4 billion in 2013. Logo -...
08.06.14 TimkenSteel Declares Initial Quarterly Dividend of 14 Cents Per Share
The board of directors of TimkenSteel Corporation (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today declared an initial quarterly cash dividend of 14 cents per share. The dividend is payable on Sept. 4, 2014, to shareholders of record as of Aug. 20, 2014 . "Returning dividends to shareholders is an important part of our capital allocation strategy," said Ward J. "Tim" Timken, Jr. "This initial dividend, after only a month of operation as an independent company, demonstrates that commitment." Additionally, the board authorized the repurchase of up to three million common shares of TMST. This authorization expires at the end of 2016. About TimkenSteel Corporation TimkenSteel (NYSE:TMST, timkensteel.com) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North...
07.31.14 TimkenSteel Corporation Delivers Strong Sales Growth in Second Quarter
- Second-quarter net sales up $88 million or 25 percent, year over year, driven by strong demand in the energy and industrial market sectors - Second-quarter adjusted earnings before interest and taxes (EBIT) (1) increased 25 percent year over year - Company reaffirms full-year sales growth of 20-25 percent over prior year on continuing market growth   TimkenSteel Corporation (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today reported second-quarter net income of $28.6 million on $442.2 million of net sales, compared to net income of $25.3 million on net sales of $354.1 million in the second quarter of 2013.  Adjusted financial results include adjusted net income(1) of  $25.2 million, or $0.55 of adjusted earnings per diluted share (EPS) (1),  compared to second-quarter 2013 adjusted net income(1) of $20.4 million, or $0.44 adjusted EPS. "We successfully completed the spinoff of TimkenSteel , and began our journey as an...
07.29.14 TimkenSteel to Present at Jefferies Global Industrials Investor Conference
  TimkenSteel Corporation (NYSE: TMST, timkensteel.com) is scheduled to be among presenters at the Jefferies Global Industrials Conference on Aug. 12, 2014 , at 10:30 a.m. EDT in New York City . Presenting will be Christopher J. Holding , executive vice president and chief financial officer, as well as Shawn J. Seanor , executive vice president of energy and distribution. A live webcast of the presentation and slides will be available at investors.timkensteel.com. A recorded replay of the webcast will be retained via the same link until Aug. 26, 2014 . About TimkenSteel Corporation TimkenSteel (NYSE: TMST, timkensteel.com) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North America in large alloy steel bars (6"+) and seamless mechanical tubing made of its special bar quality steel, as well as supply...
07.21.14 TimkenSteel to Announce Second-Quarter 2014 Financial Results on July 31
TimkenSteel Corporation (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, will release its 2014 second-quarter financial results on Thursday, July 31, 2014 . The financial results and supplemental information will be available online at investors.timkensteel.com. About TimkenSteel Corporation TimkenSteel (NYSE:TMST, timkensteel.com) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North America in large alloy steel bars (6"+) and seamless mechanical tubing made of its special bar quality steel, as well as supply chain and steel services. Operating from six countries, TimkenSteel posted sales of $1.4 billion in 2013. Logo - http://photos.prnewswire.com/prnh/20140130/CL55315LOGO SOURCE TimkenSteel Corporation Media: Elaine Russell Reolfi, 330.471.7760,...
07.17.14 TimkenSteel to Invest in Continuous Heat-Treat Operations to Serve Needs of Demanding Applications
  TimkenSteel Corporation (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today announced plans to open an additional continuous heat-treat facility in the U.S. to produce more value-added steel for demanding applications. "Many of the applications we serve require higher performance steels that give our customers confidence as they push the limits of what's possible. This investment is foundational to our ability to grow some of our most unique and sophisticated product lines to meet those needs," said Shawn J. Seanor , executive vice president of Energy and Distribution. "Additional continuous heat-treat capabilities provide the flexibility to create more customized steels to serve energy and other markets that have a strong long-term outlook. That continuous innovation is a key part of our unique business model." The company is evaluating locations for the continuous thermal heat-treat operations and plans to make that decision in the...
06.30.14 TimkenSteel Corporation Debuts as a Public Company Following Spinoff
  TimkenSteel Corporation (NYSE: TMST, timkensteel.com ), a leader in customized alloy steel products and services, today announced the completion of its spinoff from The Timken Company . Timken shareholders of record as of June 23, 2014 receive one share of TimkenSteel common stock (TMST) for every two shares of Timken stock (TKR). Beginning tomorrow, July 1 , TMST shares will be issued and commence "regular-way" trading on the New York Stock Exchange . "As a 100-year-old start-up, we are excited to write this next chapter of our history," said Ward J. "Tim" Timken, Jr., chairman, CEO and president. "Our long record of solving customers' toughest challenges has delivered the financial performance shareholders value. We plan to grow that value through continued focus on product innovation, core business expansion and new investments." TimkenSteel focuses on special bar quality (SBQ) steels and seamless mechanical tubing – high-end alloy steel designed for demanding applications....
06.19.14 TimkenSteel Management Team Discusses Business Strategy and Outlook at Investor Meeting
- Presentations highlight TimkenSteel’s niche focus on special bar quality (SBQ) steel, seamless mechanical tubing and value-added supply chain services - Planned spinoff from The Timken Company expects growth to come from product innovation, expanding markets, organic investments and  potential acquisitions         - Issues guidance for 2014 including expected revenue growth of 20-25% over 2013 CANTON, Ohio: June 19, 2014 — Today, members of the executive management team of TimkenSteel Corporation are hosting  an investor meeting to share their vision and value-creation strategy for the company in advance of its planned spinoff from The Timken Company (NYSE: TKR). Speakers will include Ward J. “Tim” Timken, Jr., chairman, CEO and president; Tom Moline, executive vice president, manufacturing; Shawn Seanor, executive vice president, energy and distribution; Bob Keeler, executive vice president, industrial and mobile; and Chris Holding,...
06.05.14 The Timken Company and TimkenSteel Corporation Schedule Investor Conferences/Webcasts
The Timken Company (NYSE: TKR; www.timken.com ) and its subsidiary TimkenSteel Corporation (timkensteel.com) will each host webcast investor conferences on Thursday, June 19, 2014, in New York City. The Timken Company expects to spin off TimkenSteel as an independent publicly traded company on June 30, 2014, with TimkenSteel thereafter trading on the New York Stock Exchange under the ticker symbol "TMST."   The Timken Company live event will begin at 9 a.m. EDT, with viewing available in its entirety at www.timken.com/investors . Speakers include newly appointed President and Chief Executive Officer Richard G. Kyle and Chief Financial Officer PhilipD.Fracassa as well as the company's business segment leaders. A question-and-answer period will follow the morning presentations, with the event expected to conclude by approximately 12:15 p.m. EDT June 19. A replay of the webcast and a copy of the presentation material will be available until July 3 via the same link. Also on June 19,...
05.12.14 Timken to Increase Prices on All Special Bar Quality Products
CANTON, Ohio , May 12, 2014 / PRNewswire / - The Timken Company (NYSE: TKR; www.timken.com ) today announced it will increase base prices on all special bar quality (SBQ) products by $30 per ton.  These price increases are effective with shipments beginning on June 1, 2014 and apply only to non-contract pricing.  Raw material surcharges remain in effect. About The Timken Company The Timken Company (NYSE: TKR; www.timken.com ) a global industrial technology leader, applies its deep knowledge of materials, friction management and power transmission to improve the reliability and efficiency of industrial machinery and equipment all around the world.  The company engineers, manufactures and markets mechanical components and high-performance steel.  Timken ® bearings, engineered steel bars and tubes—as well as transmissions, gearboxes, chain, related products and services—support diversified markets worldwide.  With sales of $4.3 billion in 2013 and...
05.05.14 2014 Manny Awards: Timken Co.
Inside Business Magazine
A new 3,300-ton press and other investments in the Timken Co.’s large bar line are paying off.  The new 3,300-ton forge press at the Timken Co.’s Faircrest Steel Plant looks like something out of Transformers.  With two eyelike holes perched over a gaping rectangular mouth, the $40 million hulk looks vaguely human. Maybe that’s because the 7- to 10-ton ingots grabbed up by the colossal clamp resemble mozzarella sticks more than glowing-hot steel. When thrust into the press, the bars are compressed with 3,000 tons of uniform pressure.  As the centerpiece to Timken’s innovative large bar forged-rolled process, the massive size of the forge press creates steel with a stronger center and much fewer holes and gaps, a feature critical in high-stress industrial uses such as drilling. Supplied by Japan’s Mitsubishi Nagasaki Manufacturing, it is the first of its kind in the U.S. Released from the forge’s grasp, each semi-finished bar is then...
04.25.14 Timken earnings rise from year ago as steel spinoff looms
Akron Beacon Journal
Timken Co. first-quarter earnings and revenue rose from a year ago and the Canton maker of bearings and steel said Thursday it remains on track to spin off its steel division by June 30. Timken also reaffirmed its full-year earnings projection of $3.15 to $3.45 a share, while increasing its adjusted earnings-per-share forecast by a dime to $3.60 to $3.90 per share compared to previous statements. Sales are expected to rise 7 percent from 2013 levels. Timken said it had net income of $83.5 million, or 90 cents per share, on revenue of $1.1 billion for the three months ending March 31. Net income was up from $75.1 million, or 77 cents per share, on revenue of $1.089 billion for the first quarter a year ago. Adjusted net income was $82.2 million, or 88 cents per share, compared to $77.2 million, or 80 cents per share, a year ago, the company said. Adjusted net income beat industry analyst estimates while revenue fell short of analyst projections. Stronger...