TimkenSteel Q2 2021 net sales $327.3M, net income $54.0M, record adjusted EBITDA $71.0M

Metallus Inc.

2021-Q2 EPS reported $1.19 revenue$600,900,000

Net sales $327.3M, up 20% sequential and 113% YoY; net income $54.0M vs loss of $15.3M in Q2 2020.
Adjusted EPS $0.96 vs loss $0.31 in prior-year quarter; adjusted EBITDA $71.0M (record).
Ship tons 214,200, up 11% sequential despite ~16,000 ton drag from automotive semiconductor shortage.
Industrial ship tons up 33% sequential; average raw material surcharge per ton up 39% sequentially.
Operating cash flow $39.2M further expanded total liquidity.

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