TimkenSteel (NYSE: TMST) reported Q4 EPS of $0.37, $0.03 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $408.3 million versus the consensus estimate of $396 million.

OUTLOOK

Full-Year 2015:

Segment Highlights:

• Industrial and Mobile
• Automotive demand expected to remain strong.
• Growth expected in industrial end markets, but at a much slower rate than 2014.
• Shipments expected to follow normal seasonality; with highest shipments in second quarter.

Energy and Distribution

• Anticipate weaker oil and gas markets due to lower oil prices and associated decreases in energy exploration and production spend.
• Expect shipments to be the highest in the first quarter with declines sequentially thereafter.
• Anticipate lower melt utilization in 2015, due to decreasing demand in energy markets and working capital management tactics to reduce inventory balances.
• Expect raw material spread to negatively impact margin.
• Will increase pension expense by $13 million, primarily due to changes in the actuarial mortality table.
• Expect 2015 capital spending to be between $90 million and $100 million.
• Plan to repurchase at least 2 million shares in 2015.

First-Quarter 2015:

Shipments in the first quarter of 2015 are projected to be flat over fourth-quarter 2014, with a shift in mix toward higher automotive sales

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