TimkenSteel Announces Fourth-Quarter and Full-Year 2020 Results
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TimkenSteel (TMST) Tops Q4 EPS by 20c, Revenues Miss
February 25, 2021 4:29 PM ESTTimkenSteel (NYSE: TMST) reported Q4 EPS of $0.01, $0.20 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $211.2 million versus the consensus estimate of $216.8 million.
FOURTH QUARTER OF 2020 FINANCIAL SUMMARY
Net sales of $211.2 million increased 3 percent compared with $205.9 million in the third quarter of 2020, driven primarily by a continued rebound in automotive demand. Compared with the prior-year quarter, net sales declined 7 percent largely driven by lower ship tons.Ship tons of 164,000 increased 6 percent sequentially as a result of higher automotive and industrial shipments. When compared with the prior-year... More