TimkenSteel (TMST) Tops Q1 EPS by 11c
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TimkenSteel Announces First-Quarter 2022 Results
May 4, 2022 4:10 PM EDTNet sales of $352.0 million in the first quarter reflect strength in customer demand and higher base pricesNet income of $37.1 million with adjusted EBITDA(1) of $65.3 million Operating cash flow of $13.3 million
CANTON, Ohio, May 4, 2022 /PRNewswire/ -- TimkenSteel (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, today reported first-quarter 2022 net sales of $352.0 million and net income of $37.1 million, or $0.70 per diluted share. On an adjusted basis(1), first-quarter 2022 net income was $48.6 million, or $0.92 per diluted share, and adjusted EBITDA was $65.3 million.
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