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We are realizing the benefits of our multi-year $500 million capital investment program.

We designed this plan to strengthen our ability to provide differentiated solutions for the energy, industrial and automotive markets and enhance our operational performance and customer service capabilities. More

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TimkenSteel in the News

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...
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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...
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11.19.19 TimkenSteel Announces Plan to Close Its Material Services Facility in Houston
 TimkenSteel Corporation (NYSE: TMST), today announced plans to close its TimkenSteel Material Services facility in Houston, Texas, in the first quarter of 2020. The 100,000-square-foot operation currently employs approximately 100 people who provide precision value-added and finishing services, primarily to customers that service the energy market. "We are focusing on our core strengths of making and heat treating steel and more fully utilizing our supply chain to provide the value-added services required by our customers. This change to how we serve the evolving energy market will improve the company's financial performance," said William Bryan, executive vice president of manufacturing and supply chain. As a result of the plant closure, the company expects to realize approximately $6 million to $8 million of annual savings. About TimkenSteel Corporation TimkenSteel (NYSE: TMST, timkensteel.com) creates tailored steel products and services for demanding applications, helping...
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