Timkensteel: Q4 Earnings Snapshot

CANTON, Ohio (AP) — CANTON, Ohio (AP) — TimkenSteel Corp. (TMST) on Tuesday reported fourth-quarter net income of $1.3 million.

On a per-share basis, the Canton, Ohio-based company said it had profit of 3 cents. Earnings, adjusted for non-recurring costs, were 36 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The maker of steel large bars and seamless mechanical tubing posted revenue of $328.1 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $326.5 million.

For the year, the company reported profit of $69.4 million, or $1.47 per share. Revenue was reported as $1.36 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TMST at https://www.zacks.com/ap/TMST