TimkenSteel (TMST) Tops Q1 EPS by 28c

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TimkenSteel Announces First-Quarter 2023 Results

May 4, 2023 4:10 PM EDT

Net sales of $323.5 million, an increase of 32 percent compared with the fourth quarter of 2022Net income of $14.4 million with adjusted EBITDA(1) of $36.0 million Operating cash flow of $9.8 million with ending cash and cash equivalents of $227.4 millionDeployed $28.1 million of cash to repurchase common shares and convertible notes

CANTON, Ohio, May 4, 2023 /PRNewswire/ -- TimkenSteel (NYSE: TMST), a leader in... More