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TimkenSteel Announces Fourth-Quarter and Full-Year 2019 Results
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TimkenSteel Announces Fourth-Quarter and Full-Year 2019 Results
TimkenSteel (NYSE: TMST), a leader in customized alloy steel products and services, today reported 2019 fourth-quarter net sales of $227 million and a net loss of $85 million. In the same quarter last year, net sales were $406 million with net loss of $29 million. Excluding certain items, the adjusted net loss(1) was $27 million in the fourth quarter of 2019 compared with adjusted net income(1) of $14 million in the fourth quarter of 2018. Adjusted EBITDA(1) for the fourth quarter of 2019 was a loss of $8.7 million.
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