TimkenSteel Q1 net sales $352M (+29% YoY); adjusted EPS $0.92 vs $0.43 YoY

Metallus Inc.

2022-Q1 EPS reported $0.70 revenue$352,000,000

Net sales $352M (up 29% YoY); net income $37.1M ($0.70 diluted EPS) vs $9.8M ($0.20) YoY.
Adjusted net income $48.6M ($0.92 diluted EPS); adjusted EBITDA $65.3M, up from $40.8M YoY.
Ship tons 196,400, up 2% YoY; manufacturing costs down $5.2M sequentially; melt utilization 81%.
Management cites favorable demand and pricing; team performed well despite early Q1 melt shop interruptions.

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