TimkenSteel (TMST) Tops Q4 EPS by 10c

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Go back to TimkenSteel (TMST) Tops Q4 EPS by 10c

TimkenSteel Announces Fourth-Quarter 2015 Results; Performance Improving in Challenging Market

January 28, 2016 4:27 PM EST

CANTON, Ohio, Jan. 28, 2016 /PRNewswire/ -- TimkenSteel (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today reported fourth-quarter net sales of $206.6 million and a net loss of $25.5 million or minus 58 cents per share.  This compares with net income of $16.4 million or 36 cents per share in the same quarter of the prior year. 

For the full year, net sales declined by 34.0 percent compared with 2014.  EBIT for the full year was a loss of $113.6... More