TimkenSteel Q3 net income $24.8M ($0.51 EPS); adjusted EBITDA $46.8M

Metallus Inc.

2023-Q3 EPS reported $1.43 revenue$1,034,300,000

Net sales $354.2M, down 1% sequentially, up 12% YoY; net income $24.8M vs loss $13.3M YoY.
Adjusted net income $24.9M ($0.52 EPS); adjusted EBITDA $46.8M, down from $50.5M Q2 but up from $10.8M YoY.
Operating cash flow $28.1M; cash $225.4M; capex $17.5M; share repurchases $7.7M in Q3.
Ship tons 175,800 (+11% YoY); melt utilization 76% (vs 40% Q3 2022).
Management cites automotive work stoppages as headwinds but remains confident in cycle navigation.

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 0.9

Metallus Inc. reported third quarter 2023 results: revenue $354.2 million, net income $24.8 million, EPS $0.51 per diluted share.

Period: third quarter 2023
Revenue: $354.2 million
Net income: $24.8 million
EPS: $0.51 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 third-quarter 2023 net sales of $354.2 million and net income of $24.8 million, or $0.51 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 0000950170-23-058218

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.