TimkenSteel (TMST) Tops Q3 EPS by 9c, Revenues Miss
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TimkenSteel Announces Third-Quarter 2018 Results
October 25, 2018 4:43 PM EDTCANTON, Ohio, Oct. 25, 2018 /PRNewswire/ -- TimkenSteel (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today reported third-quarter 2018 net sales of $409.9 million and net income of $1.4 million or $0.03 per diluted share. In the same quarter last year, net sales were $339.1 million with a net loss of $5.9 million or minus $0.13 per diluted share. Adjusted EBITDA(1) for the third quarter was $26.5 million, an increase of $7.7 million over the same quarter last year.
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