TimkenSteel (TMST) Misses Q1 EPS by 12c, Beats on Revenues; Offers 2Q Outlook

TimkenSteel (NYSE: TMST) reported Q1 EPS of ($0.04), $0.12 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $380.8 million versus the consensus estimate of $373 million.

SECOND-QUARTER 2018 OUTLOOK

• Shipments are expected to be between 5 percent and 10 percent higher than first-quarter 2018 from improving end markets.
• Net income is projected to be between $8 million and $18 million.
• EBITDA is projected to be between $30 million and $40 million.
• Raw material spread is expected to be a headwind of about $6 million.

Other Guidance

• 2018 capital spending is projected to be $40 million.

For earnings history and earnings-related data on TimkenSteel (TMST) click here.

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