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Delivers net income in-line with guidance; exceeds Adjusted EBITDA(1) expectations
Third-quarter net sales increased 21 percent year over year with improved
Ship tons were approximately 295,500, an increase of 2 percent over the third quarter of 2017, due to continued end-market strength.
Net sales benefited from improved product mix, higher prices and surcharges, as well as increased volume.
Surcharge revenue of $107.1 million represents a 37.5 percent increase from the prior-year quarter as a result of higher volumes and a rise in the No. 1 Busheling Index.
1835 Dueber Ave. S.W., GNE-14, Canton, OH 44706
Media Contact: Carla Wooley, APR
Investor Contact: Mitch Byrnes
The following information was filed by Timkensteel Corp (TMST) on Thursday, October 25, 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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