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TimkenSteel Corp (TMST.N)

TMST.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

‍Tentative agreement between Timkensteel, United Steelworkers voted down​
Friday, 20 Oct 2017 08:16pm EDT 

Oct 20 (Reuters) - Timkensteel Corp ::‍Tentative agreement between Timkensteel, United Steelworkers voted down​.Timkensteel - ‍employees who are members of USW local 1123 have failed to ratify tentative agreement between bargaining representatives and company​.‍Anticipate co will be back in discussions with USW within next few days​.  Full Article

TimkenSteel and United Steelworkers tentatively agree on new four-year contract
Tuesday, 3 Oct 2017 02:15pm EDT 

Oct 3 (Reuters) - TimkenSteel Corp ::TimkenSteel, United Steelworkers reach tentative agreement for new four-year contract.Tentative agreement provides increases to permanent base wages every year, competitive healthcare and retirement benefits for all members.  Full Article

TimkenSteel says 2017 capital spending projected to be $40 mln
Monday, 31 Jul 2017 04:15pm EDT 

July 31 (Reuters) - TimkenSteel Corp ::Timkensteel announces second-quarter 2017 results.Q2 earnings per share $0.03.Q2 sales $339.3 million.Q2 earnings per share view $0.02 -- Thomson Reuters I/B/E/S.TimkenSteel Corp - 2017 capital spending is projected to be $40 million.TimkenSteel Corp - ‍2017 capital spending is projected to be $40 million​.TimkenSteel Corp - third-quarter shipments are expected to be between 2 percent and 5 percent higher than second-quarter 2017.TimkenSteel Corp - third-quarter EBITDA is projected to be between $10 million and $20 million, excluding pension settlement expenses.TimkenSteel Corp - third-quarter raw material spread is expected to be similar to second-quarter 2017.TimkenSteel Corp qtrly ship tons were approximately 295,000, an increase of 55.3 percent over q2 of 2016.TimkenSteel Corp qtrly net sales of $339.3 million versus $223.1 million.  Full Article

TimkenSteel Q1 loss per share $0.12
Thursday, 27 Apr 2017 04:33pm EDT 

April 27 (Reuters) - TimkenSteel Corp :Timkensteel announces first-quarter 2017 results; shipments increase with growing demand.Q1 loss per share $0.12.Q1 sales $309.4 million.Q1 earnings per share view $-0.10, revenue view $305.3 million -- Thomson Reuters I/B/E/S.TimkenSteel Corp - 2017 capital spending is projected to be $40 million.Says Q1 ship tons were approximately 280,000, an increase of 50.4 percent over Q1 of 2016 and 45.0 percent sequentially.TimkenSteel Corp - anticipate commissioning of advanced quench-and-temper facility in Q4.Says EBITDA is projected to be between $15 million and $25 million in Q2.TimkenSteel Corp - 2017 capital spending is projected to be $40 million.TimkenSteel Corp - Q2 shipments are expected to be approximately 10,000 to 20,000 tons.Says second-quarter shipments are expected to be approximately 10,000 to 20,000 tons (or about 5 percent) higher than first-quarter 2017.Timkensteel corp says q2 raw material spread is expected to be similar to first-quarter 2017.Says Q2 melt utilization is expected to increase from 71 percent to 74 percent from higher volumes.Timkensteel corp - q2 shipments of billets to tube makers projected to be about 60,000 tons.TimkenSteel Corp - anticipate commissioning of advanced quench-and-temper facility in q4.TimkenSteel Corp - second-quarter net income/loss is projected to be between a loss of $8 million and income of $2 million.  Full Article

BRIEF-Timkensteel Reports Q1 Loss Per Share Of $0.04

* TIMKENSTEEL ANNOUNCES FIRST-QUARTER 2018 RESULTS; EXPECTS CONTINUED IMPROVEMENT IN SECOND QUARTER