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02.20.20 TimkenSteel Announces Fourth-Quarter and Full-Year 2019 Results
- Aggressive actions taken to improve future profitability and cash generation while strengthening customer-centric focus
- Cash from operations was $46 million in the fourth quarter of 2019 and $70 million for full-year 2019 primarily driven by inventory reductions
- Company changed inventory valuation method from LIFO to FIFO
- In the first quarter of 2020, company divested its scrap processing facility in Akron, Ohio and closed TimkenSteel Material Services facility in Houston, Texas  TimkenSteel (NYSE: TMST), a leader in customized alloy steel products and services, today reported 2019 fourth-quarter net sales of $227 million and a net loss of $85 million. In the same quarter last year, net sales were $406 million with net loss of $29 million. Excluding certain items, the adjusted net loss (1) was $27 million in the fourth quarter of 2019 compared with adjusted net income (1) of $14 million in the fourth quarter of 2018. Adjusted EBITDA (1) for the fourth quarter...
02.06.20 TimkenSteel to Announce Fourth-Quarter and Full-Year 2019 Financial Results on February 20
TimkenSteel Corp. (NYSE: TMST) will release its 2019 fourth-quarter and full-year financial results on Thursday, February 20, after the market closes on the New York Stock Exchange. The company will host a conference call at 9 a.m. ET on Friday, February 21 to discuss its financial performance with investors and securities analysts. The financial results will be available online at investors.timkensteel.com. TimkenSteel earnings call information: Conference call Friday, February 21, 2020  9 a.m. ET  Toll-free dial-in: 833-238-7951  International dial-in: 647-689-4199  Conference ID: 8199656 Conference call replay Replay dial-in available through February 28, 2020    800-585-8367 or 416-621-4642    Replay passcode: 8199656 About TimkenSteel Corporation TimkenSteel (NYSE: TMST) manufactures high-performance carbon and alloy steel products in Canton, OH serving demanding applications in automotive, energy and a variety of industrial end markets. The company is a premier U.S. producer of...