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03.15.21 TimkenSteel to Increase Prices on Special Bar Quality Products
TimkenSteel Corp. (NYSE: TMST), a leader in customized alloy steel products and services, today announced it will increase base pricing on special bar quality (SBQ) products 3.500" and below by $55 per ton and $40 per ton for sizes above 3.500". This increase is applicable to orders not already covered by pricing agreements and is effective for shipments beginning May 3, 2021. All surcharge mechanisms remain in effect. 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 alloy steel bars (up to 16 inches in diameter), seamless mechanical tubing and precision components. In the business of making high-quality steel primarily from recycled materials for more than 100 years, TimkenSteel's proven expertise contributes to the performance of our customers' products. The...
03.04.21 TimkenSteel to Increase Prices on Seamless Mechanical Tubing Products
TimkenSteel Corp. (NYSE: TMST), a leader in customized alloy steel products and services, today announced it will increase prices on carbon and quench and temper alloy seamless mechanical tubing (SMT) products by $40 per ton. These increases are effective for all shipments beginning July 5, 2021. All surcharge mechanisms remain in effect. 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 alloy steel bars (up to 16 inches in diameter), seamless mechanical tubing and precision components. In the business of making high-quality steel primarily from recycled materials for more than 100 years, TimkenSteel's proven expertise contributes to the performance of our customers' products. The company employs approximately 2,000 people and had sales of $831 million in 2020. For more...
02.25.21 TimkenSteel Announces Fourth-Quarter and Full-Year 2020 Results
- Record full-year operating cash flow of $173.5 million, including $52.5 million in the fourth quarter
- Record total liquidity(1) of $314.1 million at year-end
- Net sales of $211.2 million in the fourth quarter reflecting improving customer demand
- Fourth quarter net loss of $12.8 million with adjusted EBITDA(2) of $20.7 million in the quarter  TimkenSteel (NYSE: TMST), a leader in customized alloy steel products and services, today reported fourth-quarter 2020 net sales of $211.2 million and a net loss of $12.8 million. In the same quarter last year, net sales were $226.9 million with net loss of $84.6 million. Adjusted EBITDA (2) for the fourth quarter of 2020 was $20.7 million compared with an adjusted EBITDA (2) loss of $8.7 million in the same quarter last year. "I'd like to thank the employees of TimkenSteel who worked tirelessly throughout 2020, under challenging conditions, to support our customers' needs while making significant progress on improving our...
02.24.21 TimkenSteel to Increase Prices on Special Bar Quality Products
TimkenSteel Corp. (NYSE: TMST), a leader in customized alloy steel products and services, today announced it will increase base pricing on all special bar quality (SBQ) products by $40 per ton. This increase is applicable to orders not already covered by pricing agreements and is effective for shipments beginning April 5, 2021. All surcharge mechanisms remain in effect. 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 alloy steel bars (up to 16 inches in diameter), seamless mechanical tubing and precision components. In the business of making high-quality steel primarily from recycled materials for more than 100 years, TimkenSteel's proven expertise contributes to the performance of our customers' products. The company employs approximately 2,055 people and had sales of...
02.10.21 TimkenSteel to Announce Fourth-Quarter and Full-Year 2020 Financial Results on February 25
TimkenSteel Corp. (NYSE: TMST) will release its 2020 fourth-quarter and full-year financial results on Thursday, February 25, 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 26 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 26, 2021 9 a.m. ET Toll-free dial-in: 833-238-7951 International dial-in: 647-689-4199 Conference ID: 6591728 Conference call replay Replay dial-in available through March 5, 2021 800-585-8367 or 416-621-4642 Replay passcode: 6 591728 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 alloy steel...
01.13.21 TimkenSteel to Increase Prices on Special Bar Quality Products
TimkenSteel Corp. (NYSE: TMST), a leader in customized alloy steel products and services, today announced it will increase base pricing on all special bar quality (SBQ) products by $40 per ton. This increase is applicable to orders not already covered by pricing agreements and is effective for shipments beginning March 1, 2021. All surcharge mechanisms remain in effect. 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 alloy steel bars (up to 16 inches in diameter), seamless mechanical tubing and precision components. In the business of making high-quality steel primarily from recycled materials for more than 100 years, TimkenSteel's proven expertise contributes to the performance of our customers' products. The company employs approximately 2,055 people and had sales of...
01.05.21 Timkensteel Announces Inducement Grants For Its New Chief Executive Officer
TimkenSteel Corp. (NYSE: TMST), a leader in customized alloy steel products and services, today announced that, as previously disclosed in its Form 8-K filed with the Securities and Exchange Commission on December 18, 2020, TimkenSteel made inducement grants to Michael S. Williams, the newly-appointed President and Chief Executive Officer of TimkenSteel. The Compensation Committee of TimkenSteel's Board of Directors approved, pursuant to Section 303A.08 of the New York Stock Exchange Listed Company Manual, grants of inducement equity awards to Mr. Williams consisting of time-based restricted share units covering 423,400 of TimkenSteel's common shares (the "RSU Award") and performance-based restricted share units covering a target number of 423,400 of TimkenSteel's common shares (with a maximum payout opportunity of 635,100 common shares) (the "PRSU Award"). These awards were granted outside of the TimkenSteel Corporation 2020 Equity and Incentive Compensation Plan as inducements...