NEWS RELEASE

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, timkensteel.com), 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.

View differences made from one year to another to evaluate Timkensteel Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Timkensteel Corp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account