TimkenSteel (TMST) Misses Q2 EPS by 9c, Revenues Miss

TimkenSteel (NYSE: TMST) reported Q2 EPS of $0.19, $0.09 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $413.5 million versus the consensus estimate of $419.33 million.

"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. Given the continued market strength, we are staying focused on working safely and improving delivery performance while maintaining quality and keeping an eye on long-term growth."

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

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