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TimkenSteel

OverviewSuggest Edit

TimkenSteel is a manufacturer of alloy steel, carbon, and micro-alloy steel products. It offers bars, seamless mechanical tubing, precision steel components, and billets, as well as machining and thermal treatment services. The company serves oil and gas, automotive, industrial equipment, mining, construction, rail, aerospace and defense, heavy truck, agriculture, and power generation markets.
TypePublic
Founded1899
HQCanton, USMap
Websitetimkensteel.com
Employee Ratings3.2More
Overall CultureBMore
View Jobs (5)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)2,500(-16%)
Job Openings5
Revenue (FY, 2019)$1.2 B(-24%)
Share Price (Nov 2020)$4.5 (+5%)
Cybersecurity ratingBMore

Key People/Management at TimkenSteel

Terry Dunlap

Terry Dunlap

Interim CEO and President, Director
Frank DiPiero

Frank DiPiero

EVP, General Counsel and Secretary
Tom Moline

Tom Moline

EVP – Commercial Operations
Kevin Raketich

Kevin Raketich

EVP – Strategy and Corporate Development
Elaine Russell Reolfi

Elaine Russell Reolfi

EVP – Human Resources and Corporate Relations
Kristopher Westbrooks

Kristopher Westbrooks

EVP and CFO
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TimkenSteel Office Locations

TimkenSteel has offices in Canton, Columbus, Eaton, Shanghai and in 1 other location
Canton, US (HQ)
1835 Dueber Ave SW
Canton, US
4511 Faircrest St SW
Canton, US
4748 Navarre Rd SW
Columbus, US
205 Industrial Park Dr
Eaton, US
401 Industrial Dr
Shanghai, CN
#1515 Luo Ning Road, Baoshan District
Show all (7)

TimkenSteel Financials and Metrics

TimkenSteel Revenue

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TimkenSteel's revenue was reported to be $1.21 b in FY, 2019
USD

Revenue (Q3, 2020)

205.9m

Gross profit (Q3, 2020)

(2.4m)

Gross profit margin (Q3, 2020), %

(1.2%)

Net income (Q3, 2020)

(13.9m)

Market capitalization (13-Nov-2020)

192.8m

Closing stock price (13-Nov-2020)

4.5

Cash (30-Sept-2020)

74.8m

EV

217.8m
TimkenSteel's current market capitalization is $192.8 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

869.5m1.3b1.6b1.2b

Revenue growth, %

(81%)53%21%

Cost of goods sold

896.6m1.3b1.5b1.2b

Gross profit

(27.1m)67.8m104.9m22.6m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

309.4m339.3m339.1m380.8m413.5m409.9m371.0m336.7m274.2m259.7m205.9m

Cost of goods sold

292.4m315.5m320.6m359.7m381.4m385.3m341.9m311.3m261.0m251.9m208.3m

Gross profit

17.0m23.8m18.5m21.1m32.1m24.6m29.1m25.4m13.2m7.8m(2.4m)

Gross profit Margin, %

5%7%5%6%8%6%8%8%5%3%(1%)
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

25.6m24.5m21.6m27.1m

Accounts Receivable

91.6m149.8m163.4m77.5m

Prepaid Expenses

2.8m3.9m3.5m3.3m

Inventories

164.2m224.0m296.8m281.9m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

20.6m36.2m25.8m35.4m39.0m27.0m7.8m20.9m18.4m65.6m75.5m74.8m

Accounts Receivable

147.9m153.5m160.6m181.1m173.6m172.1m151.3m146.4m107.4m94.9m63.6m81.2m

Prepaid Expenses

3.1m1.8m4.2m3.5m2.3m4.7m3.4m2.6m4.9m3.6m1.9m

Inventories

190.9m199.3m219.5m252.8m294.5m285.3m324.3m304.8m279.4m240.5m206.4m174.3m
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(105.5m)(43.8m)(31.7m)(110.0m)

Depreciation and Amortization

74.9m74.9m78.5m73.5m

Inventories

9.7m(59.8m)(72.8m)92.6m

Accounts Payable

37.5m45.7m24.4m(87.7m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(5.3m)(4.0m)(9.9m)(1.9m)6.5m7.9m4.2m(200.0k)(4.8m)(19.9m)(35.2m)(49.1m)

Depreciation and Amortization

18.9m37.8m56.4m18.5m36.9m55.0m19.2m35.7m53.2m18.6m35.4m52.4m

Inventories

(26.7m)(35.1m)(55.3m)(28.8m)(70.5m)(61.3m)(27.5m)(8.0m)17.4m41.2m75.5m107.6m

Accounts Payable

39.4m43.8m46.8m35.7m42.5m3.5m(30.7m)(50.3m)(81.6m)26.7m(17.2m)
show all
USDFY, 2016

Revenue/Employee

347.8k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.8 x
Show all financial metrics

TimkenSteel Operating Metrics

FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Backlog, tons

200 k410 k314 k

Melt Capacity, tons

2 m2 m2 m

Shipments Capacity, tons

1.50 m1.50 m1.50 m

Shipments, tons

746.73 k279.90 k294.60 k289.90 k1.15 m299.70 k309.70 k295.50 k1.20 m260.90 k248.10 k209.60 k
Show all operating metrics

TimkenSteel Acquisitions / Subsidiaries

Company NameDateDeal Size
EDC , Inc.
TimkenSteel de Mexico S. de R.L. de C.V.
TimkenSteel Material Services, LLC
TimkenSteel (Shanghai) Corporation Limited
TimkenSteel UK Limited
TSB Metal Recycling LLC

TimkenSteel Revenue Breakdown

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TimkenSteel revenue breakdown by business segment: 16.5% from Energy, 39.6% from Industrial, 34.4% from Mobile and 9.5% from Other

TimkenSteel revenue breakdown by geographic segment: 9.6% from Foreign and 90.4% from United States

TimkenSteel Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

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TimkenSteel Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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TimkenSteel Online and Social Media Presence

TimkenSteel's Trends

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TimkenSteel Company Culture

  • Overall Culture

    B

    82/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A+

    97/100

Learn more on Comparably

TimkenSteel News and Updates

February 20, 2020

TimkenSteel Announces Fourth-Quarter and Full-Year 2019 Results

CANTON, Ohio, Feb. 20, 2020 /PRNewswire/ -- 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...
October 09, 2019

TimkenSteel names Terry Dunlap interim CEO, replacing Tim Timken who is stepping down

TimkenSteel said Wednesday it has named Terry Dunlap as interim chief executive, replacing Tim Timken, who is stepping down. John Reilly, who is currently lead director of the board, will assume the role of chairman, with immediate effect. "In an effort to revitalize both the near-term performance …
October 09, 2019

TimkenSteel Announces CEO Transition

CANTON, Ohio, Oct. 9, 2019 /PRNewswire/ -- TimkenSteel (NYSE: TMST), a leader in customized alloy steel products and services, today announced that Ward J. "Tim" Timken, Jr. has stepped down as Chief Executive Officer and President and as Chairman of the TimkenSteel Board of Directors....
August 01, 2019

TimkenSteel Announces Second Quarter of 2019 Results

CANTON, Ohio, Aug. 1, 2019 /PRNewswire/ -- TimkenSteel (NYSE: TMST), a leader in customized alloy steel products and services, today reported 2019 second quarter net sales of $336.7 million and a net loss of $4.4 million or minus $0.10 per diluted share. In the same quarter last year, net...

 TimkenSteel Frequently Asked Questions

  • When was TimkenSteel founded?

    TimkenSteel was founded in 1899.

  • Who are TimkenSteel key executives?

    TimkenSteel's key executives are Terry Dunlap, Frank DiPiero and Tom Moline.

  • How many employees does TimkenSteel have?

    TimkenSteel has 2,500 employees.

  • What is TimkenSteel revenue?

    Latest TimkenSteel annual revenue is $1.2 b.

  • What is TimkenSteel revenue per employee?

    Latest TimkenSteel revenue per employee is $483.5 k.

  • Who are TimkenSteel competitors?

    Competitors of TimkenSteel include Valcor Engineering, Steel Dynamics and Gerdau.

  • Where is TimkenSteel headquarters?

    TimkenSteel headquarters is located at 1835 Dueber Ave SW, Canton.

  • Where are TimkenSteel offices?

    TimkenSteel has offices in Canton, Columbus, Eaton, Shanghai and in 1 other location.

  • How many offices does TimkenSteel have?

    TimkenSteel has 7 offices.