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TimkenSteel Corp (TMST.N)

TMST.N on New York Stock Exchange

6.93USD
19 Jul 2019
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Latest Key Developments (Source: Significant Developments)

TimkenSteel says To Recognize Restructuring Charges Of $3.6 Mln In Q2
Monday, 8 Jul 2019 04:41pm EDT 

July 8 (Reuters) - TimkenSteel Corp ::TIMKENSTEEL CORP - WILL RECOGNIZE RESTRUCTURING CHARGES OF $3.6 MILLION DURING Q2 OF 2019.TIMKENSTEEL CORP - IMPLEMENTED ABOUT 55 POSITION ELIMINATIONS IN JUNE.TIMKENSTEEL - EXPECTS SAVINGS OF APPROXIMATELY $2 MILLION IN FISCAL 2019 WITH ANNUAL SAVINGS OF APPROXIMATELY $7 MILLION BEGINNING IN FISCAL 2020 FROM ACTIONS.TIMKENSTEEL - EXPECTS SAVINGS OF APPROXIMATELY $2 MILLION IN FISCAL 2019 WITH ANNUAL SAVINGS OF APPROXIMATELY $7 MILLION BEGINNING IN FISCAL 2020 FROM ACTIONS (ADDS DROPPED LETTER).  Full Article

Timkensteel Reports Q1 EPS Of $0.09
Thursday, 2 May 2019 04:30pm EDT 

May 2 (Reuters) - TimkenSteel Corp ::TIMKENSTEEL ANNOUNCES FIRST-QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $0.09.Q1 SALES $371 MILLION VERSUS REFINITIV IBES ESTIMATE OF $369.2 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.04 -- REFINITIV IBES DATA.SECOND-QUARTER FIXED-COST LEVERAGE WILL BE LOWER BY APPROXIMATELY $10 MILLION.RAW MATERIAL SPREAD IS EXPECTED TO BE A HEADWIND IN Q2 AS NO.1 BUSHELING SCRAP INDEX TRENDS DOWNWARD COMPARED WITH Q1 2019.Q2 SHIPMENTS ARE EXPECTED TO BE SIMILAR TO FIRST-QUARTER 2019 ON 12 PERCENT LOWER PRODUCTION.ACTIONS ARE BEING IMPLEMENTED THAT ARE EXPECTED TO DRIVE IMPROVED PROFITABILITY OF APPROXIMATELY $50 MILLION ON AN ANNUALIZED BASIS.2019 CAPITAL SPENDING IS PROJECTED TO BE APPROXIMATELY $50 MILLION.IMPROVED PRODUCT MIX AND PRICE COMPARED TO 2018 ARE EXPECTED TO CONTINUE TO BENEFIT COMPANY FOR REMAINDER OF 2019.ADJUSTED EBITDA IS PROJECTED TO BE BETWEEN $0 AND $10 MILLION IN Q2.QTRLY SHIP TONS WERE 260,900, A DECREASE OF 13 PERCENT FROM FIRST-QUARTER 2018.QTRLY NET SALES BENEFITED FROM IMPROVEMENTS IN PRODUCT MIX AND PRICE.  Full Article

Timkensteel Announces Fourth-Quarter Results
Wednesday, 20 Feb 2019 04:30pm EST 

Feb 20 (Reuters) - TimkenSteel Corp ::TIMKENSTEEL ANNOUNCES FOURTH-QUARTER, FULL-YEAR 2018 RESULTS; EXCEEDS GUIDANCE FOR QUARTER.Q4 LOSS PER SHARE $0.89.Q4 SALES $406 MILLION VERSUS REFINITIV IBES ESTIMATE OF $391.6 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $-0.06 -- REFINITIV IBES DATA.POSITIONED TO DELIVER EARNINGS GROWTH IN 2019.IN Q1, SHIPMENTS ARE EXPECTED TO BE APPROXIMATELY 30,000 TONS LESS THAN FOURTH-QUARTER 2018.2019 CAPITAL SPENDING IS PROJECTED TO BE APPROXIMATELY $50 MILLION..SIGNIFICANT BENEFIT FROM IMPROVED PRICE AND PRODUCT MIX IS EXPECTED THROUGHOUT 2019..SEES Q1 EBITDA IS PROJECTED TO BE BETWEEN $20 MILLION AND $30 MILLION..  Full Article

Timkensteel Says Kristopher Westbrooks Appointed CFO
Friday, 21 Sep 2018 06:40am EDT 

Sept 21 (Reuters) - Timkensteel Corp ::TIMKENSTEEL NAMES KRISTOPHER R. WESTBROOKS AS NEW CFO; ANNOUNCES DEPARTURE OF CURRENT CFO.SAYS KRISTOPHER R. WESTBROOKS APPOINTED CFO.WESTBROOKS WILL JOIN COMPANY IN NEW ROLE ON SEPTEMBER 24, 2018.CURRENT CFO CHRISTOPHER J. HOLDING IS LEAVING COMPANY, EFFECTIVE SEPTEMBER 23, 2018.WESTBROOKS WAS MOST RECENTLY WITH A. SCHULMAN, INC.  Full Article

Timkensteel Reports Q1 Loss Per Share Of $0.04
Thursday, 26 Apr 2018 04:26pm EDT 

April 26 (Reuters) - TimkenSteel Corp ::TIMKENSTEEL ANNOUNCES FIRST-QUARTER 2018 RESULTS; EXPECTS CONTINUED IMPROVEMENT IN SECOND QUARTER.Q1 LOSS PER SHARE $0.04.Q1 SALES $380.8 MILLION VERSUS $309.4 MILLION.Q1 EARNINGS PER SHARE VIEW $0.08 -- THOMSON REUTERS I/B/E/S.Q2 SHIPMENTS ARE EXPECTED TO BE BETWEEN 5 PERCENT AND 10 PERCENT HIGHER THAN FIRST-QUARTER 2018.QTRLY SHIP TONS WERE APPROXIMATELY 300,000, AN INCREASE OF 7.1 PERCENT OVER Q1 OF 2017.SEES Q2 NET INCOME IS PROJECTED TO BE BETWEEN $8 MILLION AND $18 MILLION.2018 CAPITAL SPENDING IS PROJECTED TO BE $40 MILLION.Q2 SHIPMENTS ARE EXPECTED TO BE BETWEEN 5 PERCENT AND 10 PERCENT HIGHER THAN FIRST-QUARTER 2018 FROM IMPROVING END MARKETS.  Full Article

Timkensteel Corp, Units Entered Into Second Amended And Restated Credit Agreement
Thursday, 1 Feb 2018 06:32am EST 

Feb 1 (Reuters) - Timkensteel Corp ::TIMKENSTEEL CORP - ON JAN 26, 2018, CO, UNITS ENTERED INTO A SECOND AMENDED AND RESTATED CREDIT AGREEMENT.TIMKENSTEEL CORP SAYS SECOND AMENDED CREDIT FACILITY MATURES ON JANUARY 26, 2023 - SEC FILING.TIMKENSTEEL CORP - AMENDED CREDIT AGREEMENT PROVIDES FOR $300.0 MILLION ASSET-BASED REVOLVING CREDIT FACILITY.  Full Article

‍United Steelworkers ratify four-year contract with TimkenSteel​
Friday, 1 Dec 2017 07:37pm EST 

Dec 1 (Reuters) - TimkenSteel Corp ::‍UNITED STEELWORKERS RATIFY FOUR-YEAR CONTRACT WITH TIMKENSTEEL​.  Full Article

Timkensteel, United Steelworkers reach another tentative agreement for new 4-year contract
Wednesday, 22 Nov 2017 04:05pm EST 

Nov 22 (Reuters) - Timkensteel Corp :Timkensteel, United Steelworkers reach another tentative agreement for new four-year contract.Timkensteel Corp - ‍ co and United Steelworkers local 1123 have reached a third tentative agreement on a four-year contract​.Timkensteel Corp - ‍union will set and announce date for its membership to vote on tentative agreement​.Timkensteel Corp - ‍tentative agreement provides increases to permanent base wages every year, a signing bonus if ratified, among others​.  Full Article

TimkenSteel, United Steelworkers reach second tentative agreement for new four-year contract
Friday, 10 Nov 2017 04:31pm EST 

Nov 10 (Reuters) - Timkensteel Corp :TimkenSteel, United Steelworkers reach second tentative agreement for new four-year contract.TimkenSteel -‍tentative agreement provides increases to permanent base wages every year, healthcare, retirement benefits, among others, for all members​.  Full Article

TimkenSteel posts Q3 loss per share $0.13
Thursday, 26 Oct 2017 04:15pm EDT 

Oct 26 (Reuters) - TimkenSteel Corp :TimkenSteel announces third-quarter 2017 earnings; shows significant year-over-year improvement.Q3 loss per share $0.13.Q3 sales $339.1 million versus I/B/E/S view $351.5 million.Q3 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S.TimkenSteel Corp - ‍2017 capital spending is projected to be $40 million​.TimkenSteel Corp - ‍fourth-quarter shipments are expected to be between 3 percent and 5 percent higher than third-quarter 2017​.TimkenSteel Corp - ‍fourth-quarter adjusted EBITDA is projected to be between breakeven and $10 million​.TimkenSteel Corp - ‍raw material spread is expected to be lower in Q4 primarily due to a decrease in average no. 1 busheling index​.  Full Article