TimkenSteel (TMST) Misses Q2 EPS by 39c
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TimkenSteel Announces Second-Quarter 2022 Results
August 4, 2022 4:10 PM EDTNet sales of $415.7 million reflects continued strength in customer demand, higher base prices and an increase in raw material surchargesNet income of $74.5 million with record adjusted EBITDA(1) of $84.2 million Strong operating cash flow of $50.7 million
CANTON, Ohio, Aug. 4, 2022 /PRNewswire/ -- TimkenSteel (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, today reported second-quarter 2022 net sales of $415.7 million and net income of $74.5 million, or $1.42 per diluted share. On an adjusted basis(1), second-quarter 2022 net income was $67.4 million, or $1.29 per diluted share, and adjusted EBITDA was a record... More
