TimkenSteel (TMST) Reports Q4 Loss of $0.89, Revenues Beat
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TimkenSteel Announces Fourth-Quarter, Full-Year 2018 Results; Exceeds Guidance for Quarter
February 20, 2019 4:30 PM ESTCANTON, Ohio, Feb. 20, 2019 /PRNewswire/ -- TimkenSteel (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today reported fourth-quarter 2018 net sales of $406 million and a net loss of $40 million or minus $0.89 per diluted share. In the same quarter last year, net sales were $341 million with a net loss of $34 million or minus $0.76 per diluted share. Adjusted EBITDA(1) for fourth-quarter 2018 was $26.7 million, an increase of $19 million over the same quarter last year.
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