TimkenSteel (TMST) Misses Q3 EPS by 14c, Revenues Beat

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TimkenSteel Announces Third-Quarter 2020 Results

October 29, 2020 4:16 PM EDT

CANTON, Ohio, Oct. 29, 2020 /PRNewswire/ -- TimkenSteel (NYSE: TMST), a leader in customized alloy steel products and services, today reported third-quarter 2020 net sales of $205.9 million and a net loss of $13.9 million. In the same quarter last year, net sales were $274.2 million with net loss of $17.0 million. Adjusted EBITDA(1) for the third quarter of 2020 was $2.6 million compared with an adjusted EBITDA(1) loss of $1.4 million in the same quarter last year.

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