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Last $31.22 USD
Change Today +2.03 / 6.95%
Volume 1.1M
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

timkensteel corp (TMST) Snapshot

Open
$28.99
Previous Close
$29.19
Day High
$31.50
Day Low
$28.66
52 Week High
09/11/14 - $50.83
52 Week Low
03/17/15 - $25.13
Market Cap
1.4B
Average Volume 10 Days
452.4K
EPS TTM
$1.76
Shares Outstanding
44.7M
EX-Date
02/11/15
P/E TM
17.7x
Dividend
$0.56
Dividend Yield
1.34%
Current Stock Chart for TIMKENSTEEL CORP (TMST)

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timkensteel corp (TMST) Details

TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products. It operates in two segments, Industrial & Mobile, and Energy & Distribution. The company provides air-melted alloy steel bars, seamless tubes, and precision components, as well as value-added services, including thermal treatment and machining. Its products are used in engines, transmission and driveline components, hydraulic system components, military ordnance, mining and construction drilling applications, and other types of equipment, as well as offshore and land-based drilling rig activities. The company sells its products and services to companies in oil and gas, automotive, industrial equipment, mining, construction, rail, aerospace and defense, heavy truck, agriculture, and power generation market sectors worldwide. TimkenSteel Corporation is headquartered in Canton, Ohio.

3,000 Employees
Last Reported Date: 03/2/15

timkensteel corp (TMST) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $865.2K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $297.7K
Executive Vice President, General Counsel and...
Total Annual Compensation: $313.5K
Executive Vice President of Human Resources a...
Total Annual Compensation: $365.0K
Compensation as of Fiscal Year 2014.

timkensteel corp (TMST) Key Developments

TimkenSteel Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Capital Expenditure and Tax Rate Guidance for the Full Year of 2015; Reports Impairment Charges for the Quarter Ended March 31, 2015

TimkenSteel Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $388.7 million against $389.5 million a year ago. Earnings before interest and taxes (EBIT) were $11.2 million against $50.8 million a year ago. Income before income taxes was $11.1 million against $50.8 million a year ago. Net income was $6.9 million against $33.6 million a year ago. Net income per common share basic and diluted were $0.15 against $0.73 a year ago. Net cash provided by operating activities was $14.6 million against $45.4 million a year ago. Capital expenditures were $17.9 million against $33.0 million a year ago. Free cash used was $3.3 million against free cash flow of $12.4 million a year ago. Adjusted consolidated EBIT was $11.2 million against $45.1 million a year ago. Adjusted EBITDA was $28.8 million against $61.4 million a year ago. Adjusted net income was $6.9 million against $29.3 million a year ago. Adjusted diluted earnings per share were $0.15 against $0.63 a year ago. Net debt was $164.2 million as on March 31, 2015 against $150.7 million as on December 31, 2014. First-quarter EBIT was unfavorable primarily due to timing related to raw material spread and manufacturing costs, partially offset by LIFO income. For the quarter, the company reported impairment charges of $0.4 million. For the second quarter of 2015, the company expects EBITDA between break even and a loss of $15 million for the second quarter. Negative impact from the weakness in the oil and gas market and associated industrial markets. Unfavorable manufacturing impacts due to lower melt utilization and inventory reduction efforts. Raw material spread to continue to negatively impact margin. Expect favorable cash flow in second-quarter 2015 from working capital reductions. For 2015, the company expects capital spending to be between $80 million and $90 million, a reduction from prior guidance of $90 million and $100 million. The company expects tax rate to remain around 37%.

TimkenSteel Corporation to Report Q1, 2015 Results on Apr 30, 2015

TimkenSteel Corporation announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 30, 2015

TimkenSteel Corporation, Q1 2015 Earnings Call, May 01, 2015

TimkenSteel Corporation, Q1 2015 Earnings Call, May 01, 2015

 

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TMST:US $31.22 USD +2.03

TMST Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Linamar Corp C$71.71 CAD 0.00
Nucor Corp $49.00 USD +0.14
Steel Dynamics Inc $22.07 USD -0.06
Tenaris SA €14.35 EUR +0.61
Vallourec SA €21.04 EUR +0.04
View Industry Companies
 

Industry Analysis

TMST

Industry Average

Valuation TMST Industry Range
Price/Earnings 18.4x
Price/Sales 0.8x
Price/Book 1.9x
Price/Cash Flow 18.0x
TEV/Sales 0.7x
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