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TimkenSteel in the News

04.27.17 TimkenSteel Announces First-Quarter 2017 Results; Shipments Increase with Growing Demand
TimkenSteel (NYSE: TMST) (, a leader in customized alloy steel products and services, today reported first-quarter net sales of $309 .4 million and a net loss of $5.3 million or minus 12 cents per share.  This compares with net sales of $217.9 million and a net loss of $9.7 million or minus 22 cents per share in the same quarter last year, and net sales of $214.7 million and a net loss of $67.0 million or minus $1.52 per share in the fourth quarter of 2016. As noted previously, fourth-quarter 2016 results included $59.3 million in expense from mark-to-market accounting for pension and other post-employment benefit plans. EBITDA (1) for the first quarter was $17.5 million , compared with EBITDA (1) of $4.6 million in the same quarter last year and adjusted EBITDA (1) of $1.4 million in the fourth quarter 2016.  The improvement was driven primarily by the favorable timing impact from raw material spread, focused execution of cost reduction tactics and additional volume....
04.26.17 TimkenSteel to Increase Prices on Special Bar Quality Products
CANTON, Ohio: April 25, 2017 — TimkenSteel (NYSE: TMST, ), a leader in customized alloy steel products and services, today announced it will increase prices on special bar quality (SBQ) products by $40 per ton. This increase is applicable to orders not already covered by pricing agreements, and effective for shipments beginning June 5, 2017. All surcharge mechanisms remain in effect. 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 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. TimkenSteel operates warehouses and sales offices in five countries and has made all of its steel in America...
04.13.17 TimkenSteel Corporation Announces Preliminary Results for First-Quarter 2017
TimkenSteel (NYSE: TMST) (, a leader in customized alloy steel products and services, today reported that it expects first-quarter net sales of approximately $309 million on 280,000 ship tons and a net loss of approximately $5 million , as compared with fourth-quarter 2016 net sales of $215 million and a net loss of $67 million. The company expects EBITDA for the quarter to be approximately $17 million , which is lower than its original guidance.  TimkenSteel will release full financial results for the first quarter on Thursday, April 27 . "Quarter-over-quarter sales have increased by about 45 percent primarily due to increasing demand and new business. The sequential improvement in structural EBITDA was about $15 million, which is significant, although below our original expectations due to the timing of capturing manufacturing leverage," said Tim Timken, chairman, CEO and president. "As we ramp production, we're hiring to increase capacity to serve rebounding demand...