TimkenSteel (TMST) Tops Q3 EPS by 3c, Provides Q4 Guidance

TimkenSteel (NYSE: TMST) reported Q3 EPS of $0.56, $0.03 better than the analyst estimate of $0.53. Revenue for the quarter came in at $434.2 million versus the consensus estimate of $431 million.

UTLOOK

Sales growth for 2014 is projected to be 20-22 percent over full-year 2013, driven by strength in our end markets.

Surcharge for the fourth quarter is anticipated to be $10 to $15 per ton lower and base sales per ton will remain flat to third-quarter 2014.

Annual shutdown maintenance and caster ramp-up costs in the fourth quarter are projected to remain flat with the third quarter 2014.
Fourth-quarter LIFO expense is projected to be $1 million to $3 million.
Fourth-quarter 2014 capital spending is forecasted at approximately $55 million to $65 million

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

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