11.02.23
TimkenSteel Announces Third-Quarter 2023 Results
Net sales of $354.2 million with n et income of $24.8 million and adjusted EBITDA(1) of $46.8 million Operating cash flow of $28.1 million with cash and cash equivalents of $225.4 million at the end of September Deployed $17.5 million of cash for capital expenditures and $7.7 million to repurchase common shares TimkenSteel (NYSE: TMST), a leader in high-quality specialty steel, manufactured components and supply chain solutions, today reported third-quarter 2023 net sales of $354.2 million and net income of $24.8 million, or $0.51 per diluted share. On an adjusted basis (1) , third-quarter 2023 net income was $24.9 million, or $0.52 per diluted share, and adjusted EBITDA was $46.8 million. This compares with sequential second-quarter 2023 net sales of $356.6 million and net income of $28.9 million, or $0.62 per diluted share. On an adjusted basis (1) , second-quarter 2023 net income was $27.6 million, or $0.60 per diluted share, and adjusted EBITDA was $50.5 million. In the same...
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10.18.23
TimkenSteel Announces Third-Quarter 2023 Earnings Webcast Details
TimkenSteel Corp. (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, will release its 2023 third-quarter financial results on Thursday, November 2, after the market closes on the New York Stock Exchange. The company will provide live Internet listening access to its conference call with the financial community scheduled for Friday, November 3, 2023, at 9:00 a.m. EDT. The live conference call will be broadcast at investors.timkensteel.com . A replay of the conference call will also be available at investors.timkensteel.com . ABOUT TIMKENSTEEL CORPORATION TimkenSteel (NYSE: TMST) manufactures high-performance carbon and alloy steel products from recycled scrap metal in Canton, OH, serving demanding applications in mobile, 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 manufactured components. In the business...
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08.03.23
TimkenSteel Announces Second-Quarter 2023 Results
Net sales of $356.6 million, an increase of 10 percent compared with the first quarter of 2023 Net income of $28.9 million with adjusted EBITDA(1) of $50.5 million Operating cash flow of $13.3 million with ending cash and cash equivalents of $221.9 million Deployed $11.4 million of cash to repurchase common shares and $8.1 million for capital expenditures TimkenSteel (NYSE: TMST), a leader in high-quality specialty steel, manufactured components and supply chain solutions, today reported second-quarter 2023 net sales of $356.6 million and net income of $28.9 million, or $0.62 per diluted share. On an adjusted basis (1) , second-quarter 2023 net income was $27.6 million, or $0.60 per diluted share, and adjusted EBITDA was $50.5 million. This compares with sequential first-quarter 2023 net sales of $323.5 million and net income of $14.4 million, or $0.30 per diluted share. On an adjusted basis (1) , first-quarter 2023 net income was $20.8 million, or $0.44 per diluted share, and...
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