TimkenSteel (TMST) Misses Q1 EPS by 2c, Revenues Beat

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Go back to TimkenSteel (TMST) Misses Q1 EPS by 2c, Revenues Beat

TimkenSteel Announces First-Quarter 2020 Results

May 7, 2020 4:14 PM EDT

CANTON, Ohio, May 7, 2020 /PRNewswire/ -- TimkenSteel (NYSE: TMST), a leader in customized alloy steel products and services, today reported 2020 first-quarter net sales of $259.7 million and a net loss of $19.9 million. In the same quarter last year, net sales were $371 million with net income of $3.5 million. Excluding certain items, the adjusted net loss(1) was $11.3 million in the first quarter of 2020. Adjusted EBITDA(1) for the first quarter of 2020 was $9 million compared with EBITDA(1) of $25.6 million in the same quarter last year. First-quarter 2020 financial results represented a significant sequential improvement from the fourth... More