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TimkenSteel in the News

10.09.19 TimkenSteel Announces CEO Transition
Tim Timken Steps Down as Chief Executive Officer; Terry L. Dunlap Appointed as Interim Chief Executive Officer and President TimkenSteel (NYSE: TMST), a leader in customized alloy steel products and services, today announced that Ward J. "Tim" Timken, Jr. has stepped down as Chief Executive Officer and President and as Chairman of the TimkenSteel Board of Directors. Effective immediately, the Board of Directors has appointed Terry L. Dunlap as the Company's interim Chief Executive Officer and President. John P. Reilly, the current Lead Director of the TimkenSteel Board of Directors, will immediately assume the role of Chairman of the Board. "In an effort to revitalize both the near-term performance and long-term potential of TimkenSteel, now is the time for new leadership at the Company. While stepping down as CEO is not an easy decision, it has been a true privilege for me to lead TimkenSteel on its journey as an independent public company," said Tim Timken. "As a member of the...
08.01.19 TimkenSteel Announces Second Quarter of 2019 Results
TimkenSteel (NYSE: TMST), a leader in customized alloy steel products and services, today reported 2019 second quarter net sales of $336.7 million and a net loss of $4.4 million or minus $0.10 per diluted share. In the same quarter last year, net sales were $413.5 million with net income of $8.4 million or $0.19 per diluted share. Adjusted EBITDA (1) for the second quarter of 2019 was $27.5 million, a decrease of $3.4 million over the same quarter last year. "Despite demand weakness in certain end markets, we continue to focus on expanding market share in our key markets while maintaining price and improving product mix," said Tim Timken, chairman, CEO and president. "During the quarter we continued to execute our profitability improvement plan which included cost reductions and restructuring in our technical and commercial organizations to further drive innovation and focus on our key growth areas such as value-added components, energy products and government business." SECOND...
07.17.19 TimkenSteel to Announce Second-Quarter 2019 Financial Results on August 1
TimkenSteel Corp. (NYSE: TMST, ) will release its 2019 second-quarter financial results on Thursday, August 1, after the market closes on the New York Stock Exchange. The company will host a conference call at 10 a.m. ET on Friday, August 2 to discuss its financial performance with investors and securities analysts. The financial results and conference call materials will be available online at TimkenSteel earnings call information: Conference call Friday, August 2, 2019 10 a.m. ET Toll-free dial-in: 833-238-7951 International dial-in: 647-689-4199 Conference ID: 3678588 Conference call replay Replay dial-in available through August 9, 2019 800-585-8367 or 416-621-4642 Replay passcode: 3678588 About TimkenSteel Corporation TimkenSteel (NYSE: TMST, ) 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...