TimkenSteel (TMST) Posts Smaller-than-Expected Q1 Loss; Sees Q1 Shipments Flat Q/Q

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Go back to TimkenSteel (TMST) Posts Smaller-than-Expected Q1 Loss; Sees Q1 Shipments Flat Q/Q

TimkenSteel Announces First-Quarter 2016 Results

April 28, 2016 12:00 PM EDT

CANTON, Ohio, April 28, 2016 /PRNewswire/ -- TimkenSteel (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today reported first-quarter net sales of $217.9 million and a net loss of $13.6 million or minus 31 cents per share.  This compares with net income of $6.9 million or 15 cents per share in the same quarter last year. 

EBITDA for the quarter was a loss of $1.6 million, a sequential improvement of $16 million and better than original first-quarter... More