TimkenSteel Q2 net sales $415.7M, record adj. EBITDA $84.2M

Metallus Inc.

2022-Q2 EPS reported $2.12 revenue$767,700,000

Net sales $415.7M (+18% QoQ, +27% YoY); net income $74.5M ($1.42 diluted EPS).
Record adjusted EBITDA $84.2M, up from $71.0M YoY; adjusted net income $67.4M ($1.29/diluted).
Ship tons 208,900 (+6% QoQ, -2% YoY); melt utilization 84%.
Operating cash flow $50.7M; company cites strong demand and base pricing gains.

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