OverviewSuggest Edit

TimkenSteel is a manufacturer of alloy steel, carbon, and micro-alloy steel products. It offers bars, 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, OH, US
Websitetimkensteel.com
Employee Ratings3.1
Overall CultureC

Latest Updates

Employees (est.) (Dec 2021)1,850(-7%)
Job Openings16
Revenue (FY, 2020)$830.7 M(-31%)
Share Price (May 2022)$19.9(+10%)
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at TimkenSteel

Mike Williams

Mike Williams

President and Chief Executive Officer
Kevin Raketich

Kevin Raketich

Executive Vice President – Sales, Marketing, and Business Development
Kris Syrvalin

Kris Syrvalin

Executive Vice President – General Counsel and Secretary
Ronald Rice

Ronald Rice

Chairman of the Board
Kristopher Westbrooks

Kristopher Westbrooks

Executive Vice President and Chief Financial Officer
Ellis Jones

Ellis Jones

Vice President and Chief Sustainability Officer
Show more

TimkenSteel Office Locations

TimkenSteel has offices in Canton, Columbus, Eaton and Santa Catarina
Canton, OH, US (HQ)
1835 Dueber Ave SW
Canton, OH, US
4511 Faircrest St SW
Canton, OH, US
4748 Navarre Rd SW
Columbus, NC, US
205 Industrial Park Dr
Eaton, OH, US
401 Industrial Dr
Santa Catarina, MX
Av. Las Torres 1533, Parque Industrial la Puerta
Show all (6)

TimkenSteel Financials and Metrics

TimkenSteel Revenue

Embed Graph
View revenue for all periods
TimkenSteel's revenue was reported to be $830.7 m in FY, 2020 which is a 31.3% decrease from the previous period.
USD

Revenue (Q3, 2021)

343.7m

Gross profit (Q3, 2021)

66.7m

Gross profit margin (Q3, 2021), %

19.4%

Net income (Q3, 2021)

50.1m

Market capitalization (13-May-2022)

917.2m

Closing stock price (13-May-2022)

19.9

Cash (30-Sept-2021)

172.0m

EV

816.5m
TimkenSteel's current market capitalization is $917.2 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.6b1.2b830.7m

Revenue growth, %

21%(25%)(31%)

Cost of goods sold

1.5b1.2b815.1m

Gross profit

104.9m22.6m15.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

371.0m336.7m274.2m259.7m154.0m205.9m273.6m327.3m343.7m

Cost of goods sold

341.9m311.3m261.0m251.9m158.0m208.3m242.9m260.1m277.0m

Gross profit

29.1m25.4m13.2m7.8m(4.0m)(2.4m)30.7m67.2m66.7m

Gross profit Margin, %

8%8%5%3%(3%)(1%)11%21%19%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

21.6m27.1m102.8m

Accounts Receivable

163.4m77.5m63.3m

Inventories

296.8m281.9m178.4m

Current Assets

491.4m401.7m357.6m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(31.7m)(110.0m)(61.9m)

Depreciation and Amortization

78.5m73.5m70.0m

Inventories

(72.8m)92.6m103.5m

Accounts Payable

24.4m(87.7m)23.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

4.2m(200.0k)(4.8m)(19.9m)(35.2m)(49.1m)9.8m63.8m113.9m

Depreciation and Amortization

19.2m35.7m53.2m18.6m35.4m52.4m17.6m33.0m48.1m

Inventories

(27.5m)(8.0m)17.4m41.2m75.5m107.6m(28.2m)(35.7m)(45.1m)

Accounts Payable

(30.7m)(50.3m)(81.6m)26.7m(17.2m)8.2m48.1m40.0m44.3m
USDFY, 2018

Revenue/Employee

536.9k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.2 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

1.5 m1.5 m1.5 m

Shipments, tons

746.73 k279.9 k294.6 k289.9 k1.15 m299.7 k309.7 k295.5 k1.2 m260.9 k248.1 k209.6 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

Embed Graph

TimkenSteel revenue breakdown by business segment: 47.2% from Industrial, 41.7% from Mobile, 6.4% from Energy and 4.8% from Other

TimkenSteel revenue breakdown by geographic segment: 89.9% from United States and 10.1% from Foreign

TimkenSteel Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

TimkenSteel Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

TimkenSteel Online and Social Media Presence

Embed Graph

TimkenSteel Company Culture

  • Overall Culture

    C

    71/100

  • CEO Rating

    D-

    57/100

  • Compensation

    A+

    89/100

Learn more on Comparably

TimkenSteel News and Updates

TimkenSteel Announces First-Quarter 2022 Results

TimkenSteel (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, today reported first-quarter 2022 net sales of $352.0 million and net income of $37.1 million, or $0.70 per diluted share. On an adjusted basis(1), first-quarter 2022 net income w…

TimkenSteel Publishes Inaugural Sustainability Report

TimkenSteel Corp. (NYSE: TMST), a leader in high-quality specialty steel, manufactured components and supply chain solutions, today released its inaugural sustainability report, which is available at https://timkensteel.com/who-we-are/Sustainability.

TimkenSteel Announces First-Quarter 2022 Earnings Webcast Details

TimkenSteel Corp. (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, will release its 2022 first-quarter financial results on Wednesday, May 4, after the market closes on the New York Stock Exchange

TimkenSteel Announces Fourth-Quarter and Full-Year 2021 Results

Third-quarter 2021 net sales were $343.7 million with net income of $50.1 million, or $0.94 per diluted share. On an adjusted basis(1), third-quarter 2021 net income was $55.2 million, or $1.04 per diluted share, and adjusted EBITDA was $72.0 million.

TimkenSteel Announces Fourth-Quarter and Full-Year Fiscal 2021 Earnings Webcast Details

TimkenSteel Corp. (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, will release its 2021 fourth-quarter and full-year financial results on Thursday, February 24, after the market closes on the New York Stock Exchange.

Timkensteel Announces $50 Million Share Repurchase Program And Capital Expenditure Budget For 2022

a leader in high-quality specialty steel, manufactured components, and supply chain solutions, today announced that its Board of Directors has authorized a share repurchase program under which the company may repurchase up to $50 million of its outstanding common shares. Additionally, the Board of D…
Show more

TimkenSteel Frequently Asked Questions

  • When was TimkenSteel founded?

    TimkenSteel was founded in 1899.

  • Who are TimkenSteel key executives?

    TimkenSteel's key executives are Mike Williams, Kevin Raketich and Kris Syrvalin.

  • How many employees does TimkenSteel have?

    TimkenSteel has 1,850 employees.

  • What is TimkenSteel revenue?

    Latest TimkenSteel annual revenue is $830.7 m.

  • What is TimkenSteel revenue per employee?

    Latest TimkenSteel revenue per employee is $449 k.

  • Who are TimkenSteel competitors?

    Competitors of TimkenSteel include Bradken US, Survitec and Wyman-Gordon.

  • 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 and Santa Catarina.

  • How many offices does TimkenSteel have?

    TimkenSteel has 6 offices.