TimkenSteel (TMST) Misses Q2 EPS by 17c

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TimkenSteel Corporation Announces Second-Quarter 2015 Results

July 30, 2015 5:00 PM EDT

CANTON, Ohio, July 30, 2015 /PRNewswire/ -- TimkenSteel (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today reported second-quarter net sales of $278.2 million and a loss of $24.3 million or minus 54 cents per diluted share.  This compares with an adjusted net income(1) of $25.2 million or 55 cents per diluted share in the same quarter last year. 

The company completed a program of cost reductions in the quarter that will result in $25 million in annualized... More