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TimkenSteel in the News

08.09.18 TimkenSteel Board of Directors Appoints Marvin Riley as Additional Independent Director
The board of directors of TimkenSteel Corporation (NYSE: TMST, ), appointed Marvin Riley, chief operating officer of EnPro Industries, as a new independent director. Eleven directors now serve on the TimkenSteel board. "Marvin has been a leader in the automotive, energy and industrial industries and brings to the board valuable manufacturing and supply-chain insights," said Tim Timken, chairman, CEO and president of TimkenSteel. "In his current role, he's responsible for overseeing the manufacture of products critical to customer systems and equipment in more than 40 industries. His varied experience complements TimkenSteel's business well and adds further depth and breadth to our board." Prior to serving in his current role as COO at EnPro, Riley served in various other leadership positions, including president of its Fairbanks Morse division, focused on marine engines and power generation; vice president of the company's manufacturing function; vice president of...
08.01.18 TimkenSteel to Increase Prices on Special Bar Quality Products
TimkenSteel (NYSE: TMST, ), a leader in customized alloy steel products and services, today announced it will increase prices on special bar quality (SBQ) bar products by $50 per ton. This increase is for orders not already covered by agreements, and effective with shipments beginning Sept. 3, 2018. 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 its steel in America for more than 100 years. The company posted sales...
07.26.18 TimkenSteel Announces Second-Quarter 2018 Results; Reports Increased Earnings
TimkenSteel (NYSE: TMST, ), a leader in customized alloy steel products and services, today reported second-quarter net sales of  $413.5 million and net income of $8.4 million or $0.19 per diluted share. In the same quarter last year, net sales were $339.3 million with net income of $1.3 million or $0.03 per diluted share. First-quarter net sales were $380.8 million with a net loss of $1.9 million or minus $0.04 per share. EBITDA (1) for the second quarter was $30.9 million, which represents an increase from $24.7 million in the same quarter last year, and $21.3 million in the first quarter of 2018. "Our second-quarter performance was the result of continued market strength, better pricing and improved operating efficiencies, partially offset by higher levels of inflation in select consumables," said Tim Timken, chairman, CEO and president. "Those operational efficiencies at a time of increased demand resulted in our highest shipment quarter in more than six years....