TimkenSteel Q2 net sales $356.6M, adj. EBITDA $50.5M; sequential improvement but YoY decline

Metallus Inc.

2023-Q2 EPS reported $0.92 revenue$680,100,000

Net sales $356.6M (+10% seq); net income $28.9M ($0.62 diluted EPS).
Adjusted net income $27.6M ($0.60); adjusted EBITDA $50.5M.
Ship tons 177,500 (+3% seq, -15% YoY); industrial shipments driving sequential growth.
Operating cash flow $13.3M; cash $221.9M; spent $11.4M on share buybacks and $8.1M capex.
Approved $5M investment for two new machining lines to support electric vehicle components.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Metallus Inc. reported second quarter of 2023 results: revenue $356.6 million, net income $28.9 million, or $0.62 per diluted share, EPS $0.62 per diluted share.

Period: second quarter of 2023
Revenue: $356.6 million
Net income: $28.9 million, or $0.62 per diluted share
EPS: $0.62 per diluted share
Result: reported results

Exact text from the filing

TimkenSteel (NYSE: TMST), a leader in high-quality specialty steel, manufactured components and supply chain solutions, today reported second-quarter 2023 net sales of $356.6 million and net income of $28.9 million, or $0.62 per diluted share.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Metallus Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-038043

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.