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11.22.16 TimkenSteel to Present at Cowen Energy & Natural Resources Conference
TimkenSteel Corporation (NYSE: TMST, timkensteel.com ) will present at the Cowen Energy & Natural Resources Conference on Tuesday, Dec. 6 at approximately 11:25 a.m. EST in New York . 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 Dec. 21, 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 America in large alloy steel bars (up to 16 inches in diameter) and seamless mechanical tubing made of its special bar quality (SBQ) steel, as well as supply chain and steel services....
10.27.16 TimkenSteel Announces Third-Quarter 2016 Results
TimkenSteel (NYSE: TMST, timkensteel.com ), a leader in customized alloy steel products and services, today reported third-quarter net sales of $213.8 million and a net loss of $16 .6 million (or minus 38 cents per share), including after-tax pension settlement expense of $3.4 million . This compares with net sales of $232.7 million and a net loss of $30.8 million (or minus 69 cents per share) in the same quarter last year and net sales of $223.1 million and a net loss of $10.5 million (or minus 24 cents per share) for the second quarter of 2016.  Cash generated from operating activities was $7.5 million for the third quarter of 2016. EBITDA for the third quarter was a loss of $3.7 million, including $5.4 million of pre-tax pension settlement expense. Without the pension settlement expense, EBITDA would have exceeded the company's third-quarter guidance. "Our operating performance continues to improve even in a challenging market environment," said Tim Timken , chairman, CEO and...
09.29.16 TimkenSteel to Announce Third-Quarter 2016 Financial Results on Oct. 27
TimkenSteel Corp. (NYSE: TMST, timkensteel.com ), will release its 2016 third-quarter financial results on Thursday, Oct. 27, 2016 , 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. 28, 2016, to discuss its financial performance with investors and analysts. The financial results and supporting information will be available online at investors.timkensteel.com. Conference Call Friday, Oct. 28, 2016 9 a.m. EDT Toll-free dial-in: 877-201-0168 International dial-in: 647-788-4901 Conference ID: 86318135 Conference Call Replay Available through Nov. 14, 2016 Dial-in: 855-859-2056 or 404-537-3406 Replay passcode: 86318135 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 reaches around the world...
07.27.16 TimkenSteel Announces Second-Quarter 2016 Results
- Net sales of $223.1 million increased 2.4 percent sequentially. - Net loss of $10.5 million or minus 24 cents per share driven by weak commodity markets. - Generated EBITDA of $4.0 million. - $27.9 million of cash from operating activities generated in the period. - $86.3 million of convertible notes issued. TimkenSteel (NYSE: TMST, timkensteel.com ), a leader in customized alloy steel products and services, today reported second-quarter net sales of $223.1 million and a net loss of $10 .5 million or minus 24 cents per share.  This compares with a net loss of $24.3 million or minus 54 cents per share in the same quarter last year. EBITDA for the quarter was $4.0 million, a sequential improvement of $5.6 million and in line with second-quarter expectations. "We saw signs of stabilizing scrap and commodity markets in the second quarter. Our shipments increased and we realized the benefit of raw material spread. We strengthened our liquidity position in the quarter by issuing $86...
06.30.16 TimkenSteel to Announce Second-Quarter 2016 Financial Results on July 27
TimkenSteel Corp. (NYSE: TMST, timkensteel.com ) will release its 2016 second-quarter financial results on Wednesday, July 27, 2016 , after the market closes on the New York Stock Exchange . The company will host a conference call at 9 a.m. EDT on Thursday, July 28, 2016, 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 Thursday, July 28, 2016 9 a.m. EDT Toll-free dial-in: 877-201-0168 International dial-in: 647-788-4901 Conference ID: 42004464 Conference Call Replay Replay dial-in available through Aug. 12, 2016 855-859-2056 or 404-537-3406 Replay passcode: 42004464 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...
05.24.16 TimkenSteel Prices Offering of Convertible Senior Notes
TimkenSteel Corp. (NYSE: TMST) today announced the pricing of its previously announced registered public offering of $75.0 million aggregate principal amount (or up to an aggregate of $86.25 million aggregate principal amount if the underwriters of the notes offering exercise their over-allotment option in full) of its 6.00% Convertible Senior Notes due 2021. The company expects to close the notes offering on May 31, 2016, subject to satisfaction of customary closing conditions. The notes will be TimkenSteel's senior unsecured obligations and will bear interest at a rate of 6.00% per annum, payable semi-annually in arrears on June 1 and December 1 of each year, commencing on December 1, 2016 . The notes will be convertible at the option of holders in certain circumstances and during certain periods into common shares of the company, cash, or a combination thereof, at the company's election. The conversion rate will initially be 79.5165 common shares of the company per $1,000 principal...
05.24.16 TimkenSteel Announces Proposed Offering of Convertible Senior Notes
TimkenSteel (NYSE: TMST) today announced that it intends to offer and sell, subject to market and other conditions, $75.0 million aggregate principal amount (or up to an aggregate of $86.25 million aggregate principal amount if the underwriters of such offering exercise their over-allotment option in full) of its Convertible Senior Notes due 2021 in a registered public offering. The notes are expected to mature on June 1, 2021, unless earlier converted or repurchased.  The notes will be convertible at the option of holders in certain circumstances and during certain periods into cash, the company's common shares or a combination thereof, at the company's election. The interest rate, conversion rate and other terms of the notes will be determined at the time of pricing of the notes offering. The company intends to use the net proceeds received from the notes offering to repay a portion of the amounts outstanding under its asset-based revolving credit facility. J.P. Morgan Securities...
04.28.16 TimkenSteel Announces First-Quarter 2016 Results
- Net sales of $217.9 million increased 5.5 percent sequentially. - Net loss of $13.6 million or minus 31 cents per share was driven by weak commodity markets. - EBITDA loss of $1.6 million marks improved performance, driven by company actions and industrial markets. - $11.6 million of free cash flow generated for the period. TimkenSteel (NYSE: TMST, timkensteel.com ), a leader in customized alloy steel products and services, today reported first-quarter net sales of $217.9 million and a net loss of $13 .6 million or minus 31 cents per share.  This compares with net income of $6.9 million or 15 cents per share in the same quarter last year. EBITDA for the quarter was a loss of $1.6 million, a sequential improvement of $16 million and better than original first-quarter expectations. "Our employees helped us achieve better-than-expected results in the quarter. They continue to reduce costs and capture new sales," said Tim Timken , chairman, CEO and president. "Our performance also...
04.07.16 TimkenSteel to Announce First-Quarter 2016 Financial Results on April 28
TimkenSteel Corp. (NYSE: TMST, timkensteel.com ) will release its 2016 first-quarter financial results on Thursday, April 28, 2016 , after the market closes on the New York Stock Exchange . The company will host a conference call at 9 a.m. EDT on Friday, April 29, 2016, 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, April 29, 2016 9 a.m. EDT Toll-free dial-in: 877-201-0168 International dial-in: 647-788-4901 Conference ID: 84880918 Conference Call Replay Replay dial-in available through May 13, 2016 855-859-2056 or 404-537-3406 Replay passcode: 84880918 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...
02.18.16 TimkenSteel Develops New Manufacturing Process for High-Pressure Tubing
Special bar quality (SBQ) steelmaker re-enters polyethylene tubing market with first order going to a major petrochemical producer TimkenSteel (NYSE: TMST, timkensteel.com ), a leader in customized alloy steel products and services, today announced that it has developed a new process to manufacture high-pressure tubing (HPT) for use in the production of low-density polyethylene (LDPE). TimkenSteel recently accepted its first order of HPT for a major petrochemical producer. Over the last decade, HPT for LDPE environments has had extended supply chains that created long lead times for North American customers. "We have developed a more streamlined process using the assets and operations we have in place to create cost efficiencies. HPT that previously took more than a year to produce now takes a matter of months," said Shawn Seanor , TimkenSteel's executive vice president of sales and business development. "Another advantage our process offers is flexibility, allowing customers to buy...
01.28.16 TimkenSteel Announces Fourth-Quarter 2015 Results; Performance Improving in Challenging Market
- Net sales of $206.6 million decreased 11.2 percent sequentially. - Quarterly EBITDA results favorable to guidance. - Net loss of $25.5 million or minus 58 cents per share driven by weak commodity markets, partially mitigated by cost reduction tactics. - Generated $18 million of free cash flow for the period. - Amended $300 million credit agreement.   TimkenSteel (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today reported fourth-quarter net sales of $206 .6 million and a net loss of $25 .5 million or minus 58 cents per share.  This compares with net income   of $16.4 million or 36 cents per share in the same quarter of the prior year.  For the full year, net sales declined by 34.0 percent compared with 2014.  EBIT for the full year was a loss of $113.6 million, compared with adjusted EBIT(1)  of $147.7 million in the previous year. The decline was driven by...
01.05.16 TimkenSteel to Announce Fourth-Quarter 2015 Financial Results on Jan. 28
TimkenSteel Corp. (NYSE: TMST, timkensteel.com ) will release its 2015 fourth-quarter financial results on Thursday, Jan. 28, 2016 , after the market closes on the New York Stock Exchange . The company will host a conference call at 9 a.m. EDT on Friday, Jan. 29, 2016, 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, Jan. 29, 2016 9 a.m. EDT Toll-free dial-in: 877-201-0168 International dial-in: 647-788-4901 Conference ID: 18744393 Conference Call Replay Replay dial-in available through Feb. 12, 2016 855-859-2056 or 404-537-3406 Replay passcode: 18744393 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...