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Ship tons were approximately 310,000, an increase of 5.1 percent over the second quarter of 2017 and an increase of 3.3 percent sequentially, due to strong end-market demand.
Prior-year and sequential gains were from increased volume, higher prices and improved product mix.
Surcharge revenue of $103.8 million represents a 33.8 percent increase from the prior-year quarter as a result of a 7 percent increase in the No. 1 Busheling Index and higher volumes. Compared with the first quarter of 2018, surcharge revenue increased 14.4 percent.
1835 Dueber Ave. S.W., GNE-14, Canton, OH 44706
Media Contact: Carla Wooley, APR
Investor Contact: Chris Holding
The following information was filed by Timkensteel Corp (TMST) on Thursday, July 26, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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