TimkenSteel Corporation Increased
Fourth-Quarter Sales By 24 Percent Over Prior Year;
Declared Third Consecutive Quarterly Dividend

Reported earnings per share of $0.37, a 15.6 percent increase over adjusted(1) prior-year quarter.
Achieved full-year 2014 sales growth of 21.2 percent over 2013, driven by demand in the energy and industrial market sectors.
Repurchased approximately 833,000 shares of its common stock.
Declared quarterly dividend of $0.14 per share.

CANTON, Ohio: Jan. 29, 2015 — TimkenSteel (NYSE: TMST,, a leader in customized alloy steel products and services, today reported fourth-quarter net income of $17.0 million on net sales of $408.3 million. Earnings per share (EPS) of $0.37 are 15.6 percent higher than adjusted EPS
(1) of $0.32 for the fourth quarter of 2013.
For the full year, net sales grew 21.2 percent over 2013. Adjusted EBIT(1) for the full year was $148.6 million, an improvement of 50.8 percent over 2013, driven by improved volume and mix. Adjusted EPS(1) of $2.11 increased 52.9 percent over adjusted EPS(1) of $1.38 for the full year of 2013. Increased shipments in the industrial and energy market sectors coupled with favorable mix and price more than offset the impact of raw material spread and LIFO expenses.
The company also took several actions to return capital to shareholders. During the fourth quarter, the company repurchased approximately 833,000 common shares at an aggregate cost of $30.6 million. The action, which accounted for 1.8 percent of the outstanding shares of the company’s common stock as of the beginning of the fourth quarter, is part of a share repurchase program authorized by the TimkenSteel board of directors in 2014 for up to 3 million shares by Dec. 31, 2016. The board, today, also declared a quarterly cash dividend of $0.14 per share, payable on Feb. 27, 2015, to shareholders of record as of Feb. 13, 2015.

(1) Please see discussion of non-GAAP financial measures at the end of this press release.

The following information was filed by Timkensteel Corp (TMST) on Friday, January 30, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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