Profile
Sector:
Basic MaterialsIndustry:
Steel & IronCountry:
United StatesIPO:
19 June 2014Website:
http://www.timkensteel.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/ADividend
Analysts recommendations
Institutional Ownership
Included in screeners
Similar companies
TMST Latest News
Higher base sales prices and shipments drive TimkenSteel's (TMST) top line in Q3.
TimkenSteel: Why I Am Not A Buyer
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Reduced shipments and lower surcharge revenue per ton hurt TimkenSteel's (TMST) top line in Q2.
TimkenSteel Corporation (NYSE:TMST ) Q2 2023 Earnings Conference Call August 4, 2023 9:00 AM ET Company Participants Jennifer Beeman - Director of Communications and Investor Relations Michael Williams - President and Chief Executive Officer Kristopher Westbrooks - Chief Financial Officer Conference Call Participants John Franzreb - Sidoti & Company, LLC Operator Good morning. My name is Chris, and I'll be your conference operator today.
TimkenSteel (TMST) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
CANTON, Ohio , July 20, 2023 /PRNewswire/ -- TimkenSteel Corp. (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, will release its 2023 second-quarter financial results on Thursday, August 3, after the market closes on the New York Stock Exchange. The company will provide live Internet listening access to its conference call with the financial community scheduled for Friday, August 4, 2023, at 9:00 a.m.
TimkenSteel Corporation (TMST) has seen a rebound in its share price after a low point of $15.7 per share, with net sales increasing by 32% sequentially to $323 million. The company returned over $28 million to shareholders, more than its net income for the quarter, with strong shareholder incentives from management making TMST a recommended buy. Despite the cyclical nature of the steel industry and potential risks, TMST's strong financial position, zero debt, and ability to support strong yearly buybacks make it a good investment for exposure to the steel industry.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, TimkenSteel (TMST) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
TimkenSteel's pre-2021 losses were due to it operating below its breakeven level. It has changed its cost structure to bring down the breakeven level to below its shipment tonnage. But its past 2 years' results were skewed by high steel prices. To wash out this, I developed a financial model pegging earnings to steel prices and shipment tonnage.
What type of business is TimkenSteel?
TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. It offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets, as well as supplies machining and thermal treatment services. The company's products are used in gears; hubs; axles; crankshafts and connecting rods; oil country drill pipes; bits and collars; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other applications. It also provides custom-make precision steel components. The company offers its products and services to the automotive; oil and gas; industrial equipment; mining; construction; rail; defense; heavy truck; agriculture; power generation; and oil country tubular goods sectors. TimkenSteel Corporation was founded in 1899 and is headquartered in Canton, Ohio.
What sector is TimkenSteel in?
TimkenSteel is in the Basic Materials sector
What industry is TimkenSteel in?
TimkenSteel is in the Steel & Iron industry
What country is TimkenSteel from?
TimkenSteel is headquartered in United States
When did TimkenSteel go public?
TimkenSteel initial public offering (IPO) was on 19 June 2014
What is TimkenSteel website?
https://www.timkensteel.com
Is TimkenSteel in the S&P 500?
No, TimkenSteel is not included in the S&P 500 index
Is TimkenSteel in the NASDAQ 100?
No, TimkenSteel is not included in the NASDAQ 100 index
Is TimkenSteel in the Dow Jones?
No, TimkenSteel is not included in the Dow Jones index
When does TimkenSteel report earnings?
Next earnings report date is not announced yet